Political Quotes

“I speak in support of H.R. 5114, the Flood Insurance Reform Priorities Act, which will provide the stability necessary for businesses, realtors, homeowners, and plan effectively to reduce the potential economic loss and costs of repairing damages from future flooding without stifling or preventing otherwise safe development. As FEMA works to update and modernize flood maps from communities across the country, thousands of families across Upstate New York are facing a new requirement to purchase flood insurance as they are remapped into new flood zone boundaries. It is imperative that these maps are accurate and protect our communities without unnecessarily burdening them or stifling economic development, especially during these very tough economic times. H.R. 5114 seems to strike the proper balance by allowing property owners a sufficient grace period to account for the need to buy flood insurance or to appeal the determination that their property is within a floodplain, and also phases in flood insurance premium rates over a 5-year period beginning as soon as the property owner initiates the flood insurance policy.”