By NAR 2014 President Steve Brown
I want to personally thank everyone who responded to our most recent Call for Action about delaying the changes in the new National Flood Insurance Program law. I appreciate the continued grassroots support of REALTORS® across the country who makes their voices heard on important legislative and regulatory issues, like NFIP, that impact housing and commercial real estate interests.
NAR’s fight to improve the implementation of changes in NFIP will continue to be an important priority in 2014.
Here’s an update on where things stand:
· The House has not taken a vote on the NAR-supported “Homeowner Flood Insurance Affordability Act.”
· The Senate bill has not yet been taken up for consideration by the requisite committees.
· A different bill to delay implementation for one year was withdrawn due to various objections from conservative Republicans, who do not support any delay, and Democrats who support a more costly, but longer, four-year delay.
Over the holidays, let us rest, renew and recharge so that we are ready to start a new year of REALTOR® grassroots advocacy in 2014. When Congress returns to work in January, you can be sure that NAR will be there to stand up for you.