The Coalition Supports Senator Dodd’s 4-Pack Approach to Smart Natural Catastrophe Policy

Download (PDF File, 76kb)

The Coalition Supports S. 2284

The Flood Insurance Reform and Modernization Act of 2007. Download (PDF File, 56kb)

The Coalition Supports S. 2328

The Property Mitigation Assistance Act of 2007. Download (PDF File, 81kb)

The Coalition Opposes S. 2310/H.R. 3355

The Wrong Approach to Natural Catastrophe Policy. Download (PDF File, 73kb)

Responsible Natural Catastrophe Policy

– H.R. 6424, The Property Mitigation Assistance Act
Would establish a homeowner mitigation loan program within the Federal Emergency Management Agency to promote pre-disaster property mitigation measures. . Read Summary

Irresponsible Natural Catastrophe Policy

– H.R. 3355, The Homeowners Defense Act of 2007
Would expand federal liability by creating a Federal Natural Catastrophe Fund that supports states with unsuccessful federal programs. Download (94kb PDF File)

Administration Opposition to H.R. 3355 - (Statement of Administrative Policy) - Expresses strong opposition to the creation of a federally-backed consortium of state wind pools that would result in federal taxpayers subsidizing insurance rates for the benefit of those living in high-risk areas. (Download)

– H.R. 3121, The Flood Insurance Reform and Modernization Act of 2007
Would divert attention away from the original focus of the NFIP and increase economic stress on a program that is already underfunded and overburdened. Download (180kb PDF File)

Administration Opposition to H.R. 3121 - (Statement of Administrative Policy) - Expresses support for efforts to reform and strengthen the NFIP, but notes opposition to the expansion of the program to include coverage for windstorm damage. (Download)

Smart Natural Catastrophe Policy

– S. 2284, The Flood Insurance Reform and Modernization Act of 2007
Would reauthorize the NFIP and make modest, but positive, reforms. Download (166kb PDF File)

Administration Support of S. 2284 - (Statement of Administrative Policy) - White House statement of policy expressing strong support of Dodd/Shelby approach, while affirming commitment to veto if the final bill includes expansion of the NFIP to include coverage for windstorm damage. (Download)

– S. 2328, The Property Mitigation Assistance Act of 2007
Would authorize grants and loans to homeowners to harden their homes against hurricanes and other natural disasters. Download (54kb PDF File)

– S. 2327, The Homeowners Insurance Assistance Act of 2007
Would help existing, lower income, homeowners purchase insurance in the private market. Download (43kb PDF File)

– S. 2286, Commission on Natural Catastrophe Risk Management and Insurance Act of 2007
Would create a national commission on natural catastrophe risk management and insurance. Download (61kb PDF File)

Irresponsible Natural Catastrophe Policy

– S. 2310, The Homeowners Defense Act of 2007
Similar to H.R. 3355, this bill would expand federal liability by creating a Federal Natural Catastrophe Fund that supports states with unsuccessful federal programs. Download (77kb PDF File)