Rep. Richmond Votes Against National Flood Insurance Program Reauthorization
WASHINGTON – Today, Rep. Cedric Richmond (LA-02) released the following statement regarding today’s vote on H.R. 2874, the 21st Century Flood Reform Act, in the House of Representatives:
“Simply put, this bill is bad for the people of Louisiana,” said Rep. Richmond. “My constituents aren’t living in mansions; they’re working people living in the same cities they grew up in, close to their jobs and families. So the cost of flood insurance matters a lot. The surcharge and premium increases that would result from this bill would be devastating for the people I represent. Additionally, tying removal of a property from the program to a home’s replacement cost puts the communities I represent at risk of a foreclosure crisis.”
Watch the Congressman’s floor remarks here.