[Congressional Record Volume 160, Number 48 (Wednesday, March 26, 2014)]
[House]
[Page H2685]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1715
              HOMEOWNER FLOOD INSURANCE AFFORDABILITY ACT

  (Mr. ROONEY asked and was given permission to address the House for 1 
minute.)
  Mr. ROONEY. Mr. Speaker, I was happy to see the President sign H.R. 
3370, the Homeowner Flood Insurance Affordability Act. This bill is an 
important first step in addressing affordability in the national flood 
insurance program, but we have a long way to go to put solvency back 
into the system.
  We are working hard not only through the appropriations process, but 
also with leadership and other Members in coastal districts whose 
constituents have been victims of the rate increases brought about by 
Biggert-Waters. H.R. 3370 has some great provisions, including: removal 
of the dreaded ``sales trigger'' that would have devastated the housing 
and real estate markets in Florida and other states. Perhaps most 
importantly, we were able to reassure FEMA of the importance of the 
affordability study.
  Mr. Speaker, the next step is to find new ways to stabilize NFIP and 
make flood insurance more affordable for homeowners and small 
businesses. I will continue working with my colleagues in Florida and 
across the country to put some stability back in this important system.

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