Washington, D.C. – U.S. Representative Mike Bost (IL-12) applauded House approval of the 21st Century Flood Reform Act (H.R. 2874), which passed with a 237-189 bipartisan majority. The bill improves the financial stability of the National Flood Insurance Program, increases the role of private markets, and ensures more accurate mapping and flood risk estimates. The legislation now moves to the Senate for consideration.
“The federal flood insurance program needs real reforms that strengthen the program so property owners have affordable and reliable flood insurance options when they need it,” said Bost. “Because of inaccurate FEMA flood maps, I’ve heard from residents and municipalities across Southern Illinois that are rightfully upset. They are trapped into paying premiums for flood insurance they will never use or paying thousands of dollars out-of-pocket to appeal the map’s accuracy. That’s not right, and it’s why I’m proud to support efforts to create more accurate mapping and to empower property owners and local governments to challenge inaccurate flood maps in an affordable way.”
# # #