FL S1058

Urges United States Congress to delay implementation of the Biggert-Waters Flood Insurance Reform Act of 2012 until the Federal Emergency Management Agency completes its required economic impact study.

Requests Congress eliminate any requirement for property owners to immediately increase National Flood Insurance Program coverage to full-risk rates.

Calls on the President of the United States to use executive authority to administratively delay rate increases under the Biggert-Waters Act if Congress fails to act.

Expresses concern that flood insurance rate increases will reduce real estate sales, deteriorate home values, and harm Florida's economy.

Directs copies of the memorial be sent to the President, President of the Senate, Speaker of the House, and all Florida members of Congress.