Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, responded to two separate reports released today from the Government Accountability Office and the Federal Emergency Management Agency on flood insurance affordability and options for providing assistance to policyholders.
Waters requested the GAO report in 2014 after FEMA failed to complete a… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, sent a letter to Craig Fugate, Administrator of the Federal Emergency Management Agency (FEMA), urging him to provide Congress a robust affordability framework in a timely manner so that proposals can be considered ahead of the 2017 reauthorization of the National Flood Insurance Program (NFIP).… Read more »
At today’s Financial Services Committee hearing entitled, “How to Create a More Robust and Private Flood Insurance Marketplace,” Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, discussed private sector involvement in the flood insurance market.
Ranking Member Waters was encouraged by the discussion to improve the Flood Insurance Market Parity… Read more »
Financial Services Committee Democrats, led by Ranking Member Maxine Waters (D-CA), participated in a Subcommittee field hearing, requested by Democrats, held today at the Port of New Orleans to commemorate the 10-year anniversary of Hurricane Katrina and review Federal efforts to support the City’s recovery.
Several officials participated in the day’s events, including Housing and… Read more »
Reform legislation signed today by the President
Today, President Barack Obama signed into law comprehensive legislation designed to end unaffordable flood insurance rate hikes. Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, lauded the enactment of H.R. 3370, the Homeowner Flood Insurance Affordability Act into law.
For months,… Read more »
In an overwhelmingly bipartisan vote of 72-22, today the U.S. Senate approved comprehensive legislation designed to end unaffordable flood insurance rate hikes. Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, lauded passage of H.R. 3370, the Homeowner Flood Insurance Affordability Act.
For months, Waters led a Democratic effort to… Read more »
In an overwhelmingly bipartisan vote of 301-91, today the U.S. House of Representatives passed comprehensive legislation designed to end unaffordable flood insurance rate hikes. Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, today lauded passage of H.R. 3370, the Homeowner Flood Insurance Affordability Act.
For months, Waters led a… Read more »
Following weeks of negotiations between members of the House of Representatives and the U.S. Senate, Congresswoman Maxine Waters (D-CA), top Democrat on the Financial Services Committee and Congressman Cedric Richmond (D-LA) today threw their support behind comprehensive legislation designed to end unaffordable flood insurance rate hikes.
For months, Waters led a Democratic effort to… Read more »
Reforms to flood insurance approved by Congress in 2012 would be scaled back under a deal reached Monday by House Republicans and Democrats.
The rare bipartisan deal, which GOP leaders plan to bring to the floor for a vote on Tuesday, responds to complaints from flooded-out constituents who said the 2012 law would require them to pay much more for federal flood insurance.
But the… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, released the following statement on the progress of negotiations with GOP leader Eric Cantor regarding legislation to address rising flood insurance premiums.
"We have made important progress on legislation that will provide relief to those facing unaffordable flood insurance premiums. I… Read more »
A politically fraught fight over flood insurance has prompted a split between the House Republican leadership and a top committee chairman, forcing senior GOP lawmakers to bargain for votes instead with liberal Rep. Maxine Waters (Calif.), the panel’s top Democrat.
GOP leaders have struggled to gain enough support to pass a House alternative to flood insurance legislation the Senate… Read more »
As Republicans in the House of Representatives release legislation intended to address dramatic flood insurance premium increases, Congresswoman Maxine Waters (D-CA), a leader of the effort to stop the problem, expressed her concerns with the legislation as currently written.
“Although there have been productive conversations with Republican leadership, I still have significant concerns… Read more »
Legislation could pass today if brought up for a vote
Over the past several days, the effort to delay unaffordable flood insurance premiums has reached a boiling point. Today, in the face of two weeks of significant obstruction by Republican leadership, Congresswoman Maxine Waters (D-CA) announced that a substantial majority of the House of Representatives – 231 members – have signed on… Read more »
For the third time in two weeks, House Republicans rejected a Democratic procedural motion to bring bipartisan legislation that would delay the implementation of flood insurance increases up for a vote.
Using a parliamentary procedure to order the "previous question," Republicans blocked an effort to bring H.R. 3370, the bipartisan Homeowner Flood Insurance Affordability Act, to the… Read more »
For the second straight day, House Republicans rejected a Democratic procedural motion to bring bipartisan legislation that would delay the implementation of flood insurance increases up for a vote.
Again using a parliamentary procedure to order the "previous question," Republicans blocked an effort to bring H.R. 3370, the bipartisan Homeowner Flood Insurance Affordability Act, to the… Read more »
Waters Calls for Immediate Passage of Legislation to Delay Flood Insurance Rate Hikes
Today, House Republicans rejected a Democratic procedural motion to bring bipartisan legislation that would delay the implementation of flood insurance increases up for a vote.
Using a parliamentary procedure called the "previous question," House Republicans blocked an effort to bring H.R. 3370, the… Read more »
Waters Calls for Immediate Action by the House
Following Senate passage of bipartisan, bicameral legislation to fix the National Flood Insurance Program (NFIP), Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, released the following statement:
“This is a huge step toward providing much needed relief for our nation’s homeowners. Yet the… Read more »
Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, lauded tonight’s Senate vote to move forward with debate on the Homeowner Flood Insurance Affordability Act, bipartisan legislation introduced in the House and Senate to fix the National Flood Insurance Program (NFIP).
The Senate voted 86-13 on the procedural motion, which would delay increases… Read more »
In reaction to legislation introduced by Rep. Bill Cassidy (R-LA), Congresswoman Maxine Waters (D-CA) the top Democrat on the Financial Services Committee and co-author of the Biggert-Waters flood insurance bill, today expressed her strong opposition to the measure.
“Time and again, I have made clear that I am committed to resolving the problems that have resulted from the implementation… Read more »
Today, at a hearing to examine the National Flood Insurance Program (NFIP), Congresswoman Maxine Waters¸ Ranking Member of the House Financial Services Committee, asked FEMA administrator Craig Fugate tough questions about its implementation of the NFIP, and why he had not notified lawmakers of dramatic rate increases that many are experiencing as a result of changes to the Program.… Read more »
On the one year anniversary of Superstorm Sandy, a broad, bipartisan coalition of over 80 Members of the House of Representatives have introduced a legislative solution to fix the National Flood Insurance Program (NFIP) and ensure changes are implemented affordably.
The legislation, led by Representatives Maxine Waters (D-CA), Michael Grimm (R-NY) and Cedric Richmond (D-LA), calls for a… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, has announced a bipartisan legislative solution to fix the National Flood Insurance Program (NFIP) and ensure changes are implemented affordably. In essence, the legislation calls for a four-year delay to the program and requires FEMA to complete an affordability study and propose regulations that… Read more »
On the eve of a multi-state rally to “Stop the Exorbitant Rise in Flood Insurance Premiums,” Congresswoman Maxine Waters, Ranking Member of the House Committee on Financial Services, released the following statement:
“I am outraged by the increased costs of flood insurance premiums that have resulted from the Biggert-Waters Act. I certainly did not intend for these types of outrageous… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today released the following statement expressing her continued commitment to the people of the Gulf Region, many of whom are still dealing with the aftermath of Hurricane Katrina.
“On the eighth anniversary of the landfall of Hurricane Katrina, I stand with the people of the Gulf Region in remembrance… Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, along with 26 colleagues sent a bipartisan letter to Craig Fugate, Administrator of the Federal Emergency Management Agency (FEMA), urging him to use any discretionary authority available to address an unintended consequence of the Biggert-Waters Flood Insurance Reform Act. Ranking Member Waters’ letter… Read more »
