Lawmakers Unveil Competing Flood Insurance Bill

National Mortgage News, July 16, 2019–Hannah Lang (subscription)
The bill is sponsored by three senators, Bob Menendez, D-N.J., John Kennedy, R-La., and Bill Cassidy, R-La., and several members of the House, including Reps. Frank Pallone, D-N.J., and Bill Pascrell, D-N.J. It would take further steps to ensure that flood insurance is kept affordable while improving technology to combat flood risks, the lawmakers said during a press conference Tuesday.