U.S. Senator Bob Menendez (D-N.J.), a senior member of the Banking Committee that oversees the National Flood Insurance Program (NFIP), today pushed his colleagues to support a bill that doesn’t just simply continue the status quo for the NFIP, but imposes key reforms to make it more sustainable, more accountable to taxpayers, and more affordable for policyholders.  Sen. Menendez introduced a bipartisan reform bill last month that has the endorsement of many leading experts and advocates. 

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“While I appreciate Chairman Crapo’s and Ranking Member Brown’s efforts and their inclusion of pieces of my SAFE NFIP Act – such as improvements to the increased cost of compliance program and urban mitigation – into their proposal, unfortunately their bill falls far short in many areas, and is a wasted opportunity to achieve real, meaningful reforms,”said Sen. Menendez.

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