Legislation expanding the National Flood Insurance Program to offer coverage for wind damage will move to the House floor this fall after winning approval from the House Financial Services Committee.
The legislation–HR 3121–combined previously introduced flood reforms designed to increase the number of consumers in the program and reduce subsidies for some properties with a bill introduced earlier this year by Rep. Gene Taylor, D-Miss., to add the wind coverage option to the program.
The bill was approved by a vote of 38-29, falling largely along party lines. Republican opposition focused mainly on the inclusion of wind coverage, which, they argued, would increase taxpayer liability for a program already deep in debt.
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