National Flood Insurance Program Strengthened

FOR IMMEDIATE RELEASE Contact: Communications Director Brian Walsh 11/17/05 Phone: 202-225-6265

Ney Manages Legislation to Strengthen National Flood Insurance Program

WASHINGTON, D.C. – Congressman Bob Ney (OH-18) managed legislation on the floor of the U.S. House of Representatives today to strengthen the National Flood Insurance Program. H.R. 4133 which was passed by the House this afternoon provides for an additional $5 billion in borrowing authority for the NFIP. Congressman Ney has been at the forefront of this issue convening several hearings as Chairman of the House Financial Services Subcommittee on Housing & Community Opportunity, including one in Tuscarawas County on how state and local governments operate under NFIP, and the steps currently being taken by FEMA, local officials and the insurance industry to resolve problems dealing with inconsistencies and delays inherent to the program. “Floods are one of the most destructive and dangerous natural disasters in Ohio and throughout the country,” Ney said. “The National Flood Insurance Program is a valuable tool in addressing the losses incurred throughout the country due to floods. It assures that businesses and families have access to affordable flood insurance that would not be available on the open market.” “In addition to the terrible flooding caused by Hurricanes Katrina, Rita and Wilma, my own district has had three major floods this year. It is important Congress does all it can to make sure the victims of these disasters get all the help they need, and this legislation is a good step in that direction,” Ney concluded.

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