The National Flood Insurance Program (NFIP) often seems to be the Congressional-stepchild; everyone knows that it deserves some attention but everyone is too busy with their favorite child. Unfortunately, the Program is scheduled to expire in May and when it expires, the consequences can be dire. Financial Services Committee Chair Maxine Waters has been a long-time proponent of the Program and the changes that are necessary to keep it running and make it work better. To that end, the Committee has scheduled a hearing for Wednesday, March 13th at 10:00 am. You can view the hearing here.
According to the Committee notice, the following people are scheduled to testify at the hearing:
- Maria Cox Lamm, South Carolina Department of Natural Resources, on behalf of the Association of State Flood Plain Managers
- Christopher Heidrick, Heidrick & Company Insurance and Risk Management Services, LLC, on behalf of the Independent Insurance Agents and Brokers of America
- Velma Smith, Senior Officer, The Pew Charitable Trusts
- Mabél Guzmán, Broker, @properties, on behalf of the National Association of Realtors
- Collin O’Mara, President and CEO, National Wildlife Federation, on behalf of the SmarterSafer Coalition
- Raymond J. Lehmann, Director of Finance, Insurance and Trade Policy, Street Institute