U.S. Sen. David Vitter today spoke on the U.S. Senate floor about the need to prevent potentially drastic increases in flood insurance rates. Flood insurance rates are likely to increase significantly due to new flood maps released by the National Flood Insurance Program and implementation of the Biggert-Waters Act of 2012. Vitter is a lead co-author of an amendment with Sen. Mary Landrieu to ensure FEMA studies the impact these rate increases will have on affordability of flood insurance.
"This is a big, big deal for South Louisiana and for any coastal areas of the country," Vitter said. "We need to make sure that people who have been following the rules aren't priced out of their homes. It's a legitimate fear, and our entire delegation is working to make sure that doesn't happen."
Vitter also met with Louisiana officials, including 10 Parish Presidents and officials from FEMA, in Washington D.C. twice this week to discuss the looming rate increases for homeowners and businesses.