Flood Insurance

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  • Waters Statement on Short-Term Extension of National Flood Insurance Program
    Posted in Press Releases on November 30, 2018 | Preview rr
    Tags: Flood Insurance, House Floor

    On Thursday, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following floor statement in support of a short-term National Flood Insurance Program (NFIP) extension and continued her call for a long-term reauthorization to provide homeowners, businesses, renters, and communities with the certainty they deserve. It is disappointing that we find ourselves on the House floor, yet again, to temporarily extend the National Flood Insurance Progr... Read more

  • Waters: Trump Would Rather Put Children in Cages Than Prepare Nation For Natural Disasters
    Posted in Press Releases on September 13, 2018 | Preview rr
    Tags: Flood Insurance

    Today, in response to the release of documents showing the transfer of $9.8 million in Federal Emergency Management Agency (FEMA) emergency preparedness funding to Immigration and Customs Enforcement (ICE) for its detention centers, Congresswoman Maxine Waters (D-CA), made the following statement: “The Trump Administration’s transfer of $9.8 million in FEMA emergency preparedness funding to ICE for its detention centers at the beginning of this year’s hurricane season is a travesty. This Preside... Read more

  • Waters Statement at Bipartisan Conference Committee Meeting on Farm Bill
    Posted in Press Releases on September 5, 2018 | Preview rr
    Tags: Flood Insurance

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, participated in a 2018 Farm Bill Conference Committee meeting to discuss H.R. 2, the 2018 Farm Bill. During the discussion, Ranking Member Waters gave the following statement, urging her colleagues to protect Section 12609, which would extend the National Flood Insurance Program (NFIP) through January 31, 2019. As Prepared for Delivery I thank the Chair for the time, and I am honored to have b... Read more

  • Waters Continues Push for Flood Insurance Reauthorization
    Posted in Press Releases on July 25, 2018 | Preview rr
    Tags: Flood Insurance

    Today, the U.S. House of Representatives passed S. 1182, the National Flood Insurance Program (NFIP) Extension Act, by a vote of 366-52. The NFIP provides flood insurance coverage to over 5 million Americans and S. 1182 would reauthorize the program through November 30. Last week, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, led a letter to House and Senate leadership demanding a long-term reauthorization of the NFIP. See her floor statement on... Read more

  • Waters and 61 Members Demand Long-Term Reauthorization of National Flood Insurance Program
    Posted in Press Releases on July 18, 2018 | Preview rr
    Tags: Flood Insurance

    In a letter to House and Senate leadership, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and 61 Members of Congress called for a commitment to ensuring that homeowners, businesses and renters are able to protect their property in the face of flooding. “Following an historic 2017 hurricane season, which for the first time on record resulted in three Category 4 hurricanes making landfall in the United States, and facing the beginning of the 2018 ... Read more

  • Waters Statement on the 2018 Hurricane Season and the National Flood Insurance Program
    Posted in Press Releases on June 8, 2018 | Preview rr
    Tags: Flood Insurance

    As this month marks the beginning of the 2018 hurricane season, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, issued the following statement regarding her longstanding call to reauthorize the National Flood Insurance Program (NFIP), a program created by Congress to provide flood insurance for millions of families: “In 2017, for the first time on record, three Category 4 hurricanes made landfall in the United States and served as painful reminder... Read more

  • Waters Statement in Response to FEMA’s Affordability Framework for the National Flood Insurance Program
    Posted in Press Releases on April 18, 2018 | Preview rr
    Tags: Flood Insurance

    In response to the Federal Emergency Management Agency’s (FEMA) report entitled, “An Affordability Framework for the National Flood Insurance Program,” Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, made the following statement: “I am pleased that FEMA has finally delivered the affordability framework that I and other Members enacted in the Homeowner Flood Insurance Affordability Act. The framework confirms what I have long known – the National Floo... Read more

  • Waters, Crist and Esty Lead FY19 Appropriations Requests to Protect Communities at Risk of Flooding
    Posted in Press Releases on March 26, 2018 | Preview rr
    Tags: Flood Insurance

    Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, led two letters to House appropriators in support of her ongoing effort to fight for victims of natural flood disasters. She was joined by Congressman Charlie Crist (D-FL) in co-leading a letter that calls for the forgiveness of the National Flood Insurance Program’s (NFIP) debt. She also co-led a letter with Congresswoman Elizabeth Esty (D-CT) urging appropriators to increase funding for our nation’s f... Read more

  • Waters: Trump Budget Would Harm Consumers, Open the Door to Another Financial Crisis
    Posted in Press Releases on February 12, 2018 | Preview rr
    Tags: Export-Import Bank, CFPB, FSOC, Flood Insurance, HUD, Budget

    Today, in response to the Trump Administration’s release of its full budget request to Congress for Fiscal Year 2019, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Trump’s budget proposal would harm American consumers, hurt our nation’s communities and wipe out financial reforms that are in place to prevent another financial crisis. “Trump proposes to eliminate the Consumer Financial Protection Bureau’s independent fun... Read more

  • Waters Floor Statement in Opposition to the 21st Century Flood Reform Act
    Posted in Press Releases on November 14, 2017 | Preview rr
    Tags: Flood Insurance

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following floor statement in opposition to the H.R. 2874, the 21st Century Flood Reform Act: As Prepared for Delivery I rise today in opposition to H.R. 2874, legislation that will make flood insurance more expensive, less available, and less fair for consumers. At the outset, let me just say that I appreciate the time and effort that Chairman Hensarling and Mr. Duffy spent responding to my... Read more

  • Waters Floor Statement on Supplemental Disaster Relief Funding Bill
    Posted in Press Releases on October 12, 2017 | Preview rr
    Tags: Flood Insurance, House Floor

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement from the House floor in support of the supplemental disaster relief funding bill. As Prepared for Delivery Mr. Speaker, I rise today in support of this critical disaster relief funding. In the wake of the destruction that this historic hurricane season has wrought on Texas, Florida, the Virgin Islands, Puerto Rico, and the Gulf Coast, I am very pleased that in addition t... Read more

  • Waters Floor Statement on Republicans’ Misplaced Priorities for Flood Insurance Reform
    Posted in Press Releases on September 27, 2017 | Preview rr
    Tags: Flood Insurance

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement regarding H.R. 3823 on the House floor: As Prepared for Delivery Thank you, Mr. Speaker. I rise today in opposition to this bill, which began as a must-pass reauthorization of the Federal Aviation Administration, but has now become a Christmas tree for unrelated Republican priorities. Puerto Rico is on the brink of a humanitarian crisis following Hurricane Maria that is ... Read more

  • Waters Statement on the 2017 Hurricane Season and the Future of the National Flood Insurance Program
    Posted in Press Releases on September 19, 2017 | Preview rr
    Tags: Flood Insurance, Subcommittee on Housing and Insurance

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued a statement regarding the devastation caused by hurricanes this season, and the news that Congress will need to raise the National Flood Insurance Program’s (NFIP) borrowing authority to pay all of its claims from Hurricanes Harvey and Irma. “As the 2017 hurricane season continues, we must put these storms and their impact on our fellow Americans into perspective. Irma made history with wind... Read more

  • Associated Press: Trump’s 2018 budget raises questions about a “better than ever” Harvey recovery
    Posted in In Case You Missed It on September 5, 2017 | Preview rr
    Tags: Flood Insurance

    President Donald Trump's hiring and budget plans are raising questions about whether he can deliver the "better-than-ever" recovery he's promised after Hurricane Harvey devastated a swath of the U.S. Gulf Coast. Trump has proposed vast budget cuts and leaving some leadership positions unfilled at agencies involved in disaster management. His Republican allies on Capitol Hill proposed spending some of the Federal Emergency Management Agency's disaster money to build a U.S.-Mexico border wall. But... Read more

  • Waters Statement on Hurricane Harvey
    Posted in Press Releases on August 28, 2017 | Preview rr
    Tags: Flood Insurance

    Today, in reaction to the continuing harm and destruction caused by Hurricane Harvey, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “The devastation from Hurricane Harvey is overwhelming and my heart goes out to those affected by this terrible storm. Harvey continues to dump unprecedented amounts of rain on Texas. Make no mistake, the flooding taking place now is both historic and unpredictable. The Army Corps of Engineer... Read more

  • Waters Statement on Revised Republican Flood Insurance Bill
    Posted in Press Releases on July 28, 2017 | Preview rr
    Tags: Flood Insurance

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement in response to Committee Republicans’ revised flood insurance legislation: “Though Chairman Hensarling and Committee Republicans have been scrambling to make changes to their flood insurance bill, the affordability challenges facing millions of policyholders remain. The implementation of the Biggert-Waters Act inadvertently led to skyrocketing premiums for homeowners and... Read more

  • Waters Statement in Support of Velázquez Flood Bill to Improve NFIP
    Posted in Press Releases on June 21, 2017 | Preview rr
    Tags: Full Committee, Flood Insurance, Markup

    Today, at the continuation of the House Financial Services Committee markup of seven flood insurance bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement in support of Congresswoman Nydia Velázquez’s (D-NY) bill, H.R. 2875, the “National Flood Insurance Program (NFIP) Administrative Reform Act of 2017:” Thank you, Mr. Chairman. While I am discouraged with the general lack of bipartisanship reflected in the bills we are mar... Read more

  • At Markup of Flood Bills, Dems Offer Amendments to Keep Flood Insurance Affordable and Accessible
    Posted in Press Releases on June 20, 2017 | Preview rr
    Tags: Full Committee, Flood Insurance, Markup

    On the first day of the of the House Financial Services Committee markup of seven flood insurance bills, Committee Democrats fought for the availability and affordability of the National Flood Insurance Program (NFIP). “Democrats will offer amendments to provide the reauthorization language needed to keep the NFIP’s doors open and keep the real estate market from spiraling out of control,” said Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services. “We will al... Read more

  • Waters Opening Statement at Committee Markup of Seven Flood Insurance Bills
    Posted in Press Releases on June 15, 2017 | Preview rr
    Tags: Full Committee, Flood Insurance, Markup

    Today, at a Committee markup of seven flood insurance bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: Thank you, Mr. Chairman. Eight days ago, we gathered in this hearing room to discuss six legislative proposals to reform the National Flood Insurance Program. At that hearing, I once again called for bipartisan solutions to ensure the continued availability and affordability of flood insurance. While I was en... Read more

  • Waters Calls for Bipartisan Reauthorization of the National Flood Insurance Program
    Posted in Press Releases on June 7, 2017 | Preview rr
    Tags: Full Committee, Flood Insurance

    Today, at a full Committee hearing to examine draft legislation to reauthorize the National Flood Insurance Program (NFIP), Congresswoman Maxine Waters (D-CA)¸ Ranking Member of the Committee on Financial Services, urged Committee Members to work on a bipartisan long-term reauthorization package: As Prepared for Delivery Thank you, Mr. Chairman and welcome to all of our witnesses, who are here to discuss draft legislation to reauthorize the National Flood Insurance Program (NFIP). This hearing i... Read more

  • Waters: Trump Budget is Extremely Harmful
    Posted in Press Releases on May 23, 2017 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB, Flood Insurance, Budget

    Today, in response to the Trump Administration’s release of its full budget request to Congress for Fiscal Year 2018, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Donald Trump has once again revealed who he really is, with a cruel and senseless budget that abandons Main Street and the vulnerable. “The Trump budget mirrors efforts by Congressional Republicans to roll back Wall Street reform and take us back to the bad ... Read more

  • Waters Leads Fight to Defend the Flood Insurance Program, Policyholders
    Posted in Press Releases on April 7, 2017 | Preview rr
    Tags: Flood Insurance

    Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, delivered three letters to House appropriators in support of her ongoing effort to fight for those who have fallen victim to natural flood disasters. The letters call for a rejection of any fees on the National Flood Insurance Program’s (NFIP) policyholders in order to pay for President Trump’s U.S.-Mexico border wall, the forgiveness of NFIP’s debt, and increased funding for our nation’s flood maps. In... Read more

  • Waters Opening Statement at Markup of Capital Markets Bills
    Posted in Press Releases on March 9, 2017 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, SEC, Flood Insurance, Markup, International

    Today, at a full Committee markup of six legislative proposals relating to our nation’s capital markets, Representative Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you, Mr. Chairman. Today, we will consider a set of legislative proposals designed to improve our nation’s capital markets, which continue to be the envy of the world. One important and long-overdue bill we will consider will provide ... Read more

  • Waters Calls for Bipartisan Reauthorization of The National Flood Insurance Program
    Posted in Press Releases on March 9, 2017 | Preview rr
    Tags: Flood Insurance, Subcommittee on Housing and Insurance

    Today, at a hearing to examine the National Flood Insurance Program (NFIP), Congresswoman Maxine Waters (D-CA)¸ Ranking Member of the Committee on Financial Services, urged Committee Members to swiftly move towards long-term reauthorization, stressing the need for affordable insurance premiums and cancellation of the program’s $24.6 billion debt. As Prepared for Delivery Thank you, Mr. Chairman. Reauthorization of the National Flood Insurance Program (NFIP) is critical. Our housing market has st... Read more

  • GAO Report Underscores Waters’ Criticism of FEMA’s Compensation Methodology
    Posted in Press Releases on January 9, 2017 | Preview rr
    Tags: Flood Insurance, GAO

    Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement in response to a report published today by the U.S. Government Accountability Office (GAO) discussing the compensation paid to Write-Your-Own (WYO) companies that administer to the National Flood Insurance Program (NFIP). In 2014, Ranking Member Waters called on the GAO to study federal payments to WYO insurers and how they relate to actual expenses incurred by those insurers... Read more



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