WASHINGTON -- U.S. Rep. Steven Palazzo, R-4, applauded word Wednesday from Majority Leader Eric Cantor that the House will hold a vote on broader flood insurance reform measures following the President's Day recess, according to reports.
"Steven Palazzo has been a tireless advocate for his constituents and instrumental in working toward a solution for the National Flood Insurance Program," Cantor said. "His leadership on this issue has been critical."
Palazzo has led the coalition that is working to bring broader flood insurance reforms to the House floor for a vote as soon as possible. Over the past year, he has pushed for measures that would delay current rate hikes and phase in rate increases at a much slower pace, resulting in more affordable flood insurance premiums for grandfathered and subsidized properties as well as home sales. These initiatives were first proposed in legislation Palazzo introduced in March. He has also supported measures to hold FEMA accountable for faulty mapping practices, to fast-track FEMA affordability studies and to protect homeowners who appeal faulty FEMA maps.
"From Day 1, my goal has been to ensure flood insurance remains affordable and available for those who need it in Mississippi and across the country," Palazzo said. "Our efforts have grown into a sweeping bipartisan, bicameral movement. We're not talking about wealthy, waterfront homeowners; these are real problems that everyday Americans are facing. We must deliver relief as well as long-term reforms to give homeowners and communities the certainty and clear guidance they deserve. That will be my goal as I continue working with leadership on a House flood reform bill."