11 Apr Hoeven, Vitter, Cochran to FEMA: Quit Stalling on Flood Insurance Policy Protection
The office of Sen. John Hoeven, R-N.D., issued the following news release:
U.S. Senators John Hoeven (R-N.D.), David Vitter (R-La.) and Thad Cochran (R-Miss.) Thursday sent a letter to Federal Emergency Management Agency (FEMA) Administrator Craig Fugate requesting a meeting to discuss a plan to implement the recently passed flood insurance reform law and reinstating rates as Congress intended. The Senators want Fugate to explain why property owners continue to be charged higher flood insurance rates, despite a bipartisan law passed in March to protect them from such unaffordable premium costs.
“The reason we worked so hard to pass our legislation was that people were enduring the hardship of higher premiums,” Hoeven said. “FEMA should be implementing the new law now for the very same reason – people are enduring the hardship of higher premiums, but they shouldn’t be because we’ve already passed a law to reduce their high rates.”