NAR Coalition Letter to House Leaders Ryan and Pelosi Supporting Inclusion of Ross-Castor Language in H.R. 3823
Issue Date: September 26, 2017
US HR 1422 - The Flood Insurance Market Modernization and Parity Act
On September 26, 2017 NAR, as part of a coalition of real estate and banking organizations, sent a letter to Speaker Ryan and Democratic Leader Pelosi. The letter expresses strong support for the “Development of a Private Flood Insurance Market” title of H.R. 3823, the Disaster Tax Relief and Airport and Airway Extension Act of 2017. This package includes bipartisan, clarifying language, introduced by Representative Dennis A. Ross (FL-15) and Representative Kathy Castor (FL-14), to increase acceptance of private flood insurance products. This will increase flood insurance options for consumers, thereby providing more competition and coverage options to families and businesses.