Great Falls Tribune: Panel OKs vote on flood insurance legislation
The Senate Banking Committee voted Thursday to send a five-year extension of the National Flood Insurance Program to the full Senate for a vote.
“This year’s unprecedented flooding taught us that all Montanans must be prepared when tragedy strikes,” said Sen. Jon Tester, D-Mont., a member of the Banking Committee, said in a news release. “By reauthorizing the National Flood Insurance Program for five years, the Banking Committee provided greater certainty and will help put the Flood Insurance Program on a more sound financial footing so that insurance continues to be available for those at risk of flood. I’ll keep working to make this program better, and responsive to Montanans’ needs.”
Nearly 20,000 communities across the United States voluntarily participate in Federal Emergency Management Agency’s National Flood Insurance Program to reduce future flood damage. In exchange, FEMA backs flood insurance that is made available to homeowners, renters and business owners.
