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GA SR747
Resolution
Status
Engrossed
3/3/2014
Primary Sponsor
William Ligon
Click for details
AI Summary
- Georgia Senate resolution urging the U.S. Congress to repeal or amend the Biggert-Waters Flood Insurance Reform Act of 2012, passed in July 2012, which changed how the National Flood Insurance Program is administered
- FEMA's poor implementation, failure to conduct an affordability study, inaccurate mapping, and incomplete data resulted in unreasonable increases in flood insurance premiums nationwide
- Rate increases are expected to make flood insurance unaffordable for many Georgia citizens, particularly devastating coastal communities, and devaluing property investments
- Calls on Congress to make flood insurance more affordable for working families, individuals, and businesses, and to eliminate negative economic impacts on homeowners, the real estate market, and the banking industry
- Directs the Secretary of the Senate to transmit copies of the resolution to the Georgia congressional delegation and the President of the United States
Legislative Description
Biggert-Waters Flood Insurance Reform Act of 2012; encourage the repeal or amendment
Last Action
Senate Passed/Adopted
3/3/2014
Full Bill Text
No bill text available