Homeowner Flood Insurance Affordability Act of 2014

Floor Speech

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Mr. MEEKS. Mr. Speaker, let me first thank Ranking Member Waters and my good friend, Michael Grimm, for working collectively to make this bill happen.

You see, it was just 17 months ago that residents in my congressional district, the Fifth Congressional District of New York, and others throughout America were devastated by Superstorm Sandy. Little did they know then that they were about to be hit by another storm.

Then came FEMA with astronomical rate increases to their flood insurance program. Two strikes in the midst of severe recession, and many of them were out.

This bill, today, once we pass it, and once the Senate passes it, it will finally give relief to individuals who were wondering what they were going to do, many whom had to pay already these astronomical rates. Help is on its way. You will get reimbursed.

Many who did not know what the values of their property would be and, if they choose down the road to sell it, whether they would be able to do it. Help is on its way. This bill fixes that.

I congratulate both sides.

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