On Tuesday, TCS sent a letter to the House of Representatives voicing its strong support for H.R. 2901 – the Flood Insurance Market Parity and Modernization Act – and encouraging Members to pass the bill when it comes up for a vote. The bipartisan bill sponsored by Reps. Dennis Ross (R-FL) and Patrick Murphy (D-FL) would simply remove obstacles for a budding private flood insurance market. Doing so would provide consumers with greater choice when buying flood insurance, and could potentially lessen the liability taxpayers bear through the National Flood Insurance Program. The full text of the letter is provided below:
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