TCS penned the following letter urging Congress to Oppose Reform-Free NFIP Extension
Taxpayers for Common Sense understands that the House will soon be voting on a months-long extension of the expiring National Flood Insurance Program (NFIP). If the package does not contain any reforms to this very troubled program, TCS urges you to vote no so that real reforms that help protect taxpayers from the flood of red ink can be enacted.
While no one with current flood policies are affected during a program lapse, these interruptions are disruptive and affect individuals seeking to purchase new policies. TCS does not want to see this, but the fact is the House has passed a reform package, and even reform provisions that passed the House Financial Services Committee unanimously are being held hostage in the Senate. For example, one important reform: H.R. 1422, the bipartisan Ross-Castor bill putting private flood insurance on level footing with the federal program, had previously passed the House 419-0. But there are others as well.
Since the last long-term extension of the NFIP the program has racked up tens of billions of dollars in cost to taxpayers. Lawmakers should not respond with just another kick-the-can-down-the-road extension.
We urge you to vote no so that reforms can be enacted before the July 31 expiration.
Executive Vice President, Taxpayers for Common Sense