Bipartisan bill looks to make flood insurance more sustainable, affordable

Kim Glovas
July 16, 2019 - 3:20 pm
FILE - WASHINGTON, DC - JULY 17: U.S. Sen. Bob Menendez (D-NJ) speaks during a news briefing after a weekly policy luncheon July 17, 2018 at the U.S. Capitol in Washington, DC.

Alex Wong / Staff / Getty Images

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NEW JERSEY (KYW Newsradio) — With flooding becoming a common place occurrence some members of Congress are calling for a change to national flood insurance.

Republican Sen. John Kennedy of Louisiana, whose state was just hit by Hurricane Barry, appealed in the most direct way to his colleagues in both chambers.

"Please get up off your ice cold lazy butt and do something,” he said. “We've been through ten extensions. Not five, not seven, not eight, ten."

Democratic Sen. Bob Menendez of New Jersey, who pointed at those who suffered from Hurricane Sandy, says all the previous extensions just "kick a broken can down the road.”

Menendez claims the new Reauthorization and Reform Act will make premiums more affordable, focus on making properties flood resistant, and make insurance companies more accountable.

Menendez was also critical of a FEMA plan which could double premiums next year.

"Let me be clear,” he said. “Continuing hiking premiums is not a path to sustainability. It's a death sentence."

The new bill would extend the National Flood Insurance Program for five years and address abuse, mismanagement and create a new flood mapping plan for the entire country.