Rep. Grimm Says Vote Scheduled on Flood Insurance Bill

Rep. Michael Grimm, R-N.Y. speaking at a town-hall meeting
in Midland Beach, Staten Island, N.Y. in Oct. 2013

By Mark E. Ruquet

New York Congressman Michael Grimm says the House Leadership has paved the way for a vote on his flood bill that is co-sponsored by more than 180 representatives from both sides of the aisle. In a statement, Grimm says that his bill, unlike the Senate bill, will be retroactive through Oct. 1, 2013.

“I couldn’t be more proud to deliver on such an important national and local issue like fixing the skyrocketing premiums of the NFIP,” Rep. Grimm said in his statement. “Without this crucial legislation, many hardworking families in Staten Island, Brooklyn, and throughout the U.S. will be forced out of their homes, foreclosures will sharply rise, and closings will continue to be canceled, preventing the sale of many homes and ultimately devaluing the recovering, yet still fragile real estate market."

The bill, HR 3370, in addition to rolling back rates for four years, will establish a flood insurance advocate to work on the behalf of policyholders.

The only concern I have is that in his statement he says it is an amended version, but doesn't say what the amendment is. So what was amended?

Thanks to the Midland Beach Civic Association for getting this out there.