MI HR0062

Memoralizes the U.S. Congress to make significant reforms to the National Flood Insurance Program, citing FEMA's recent expansion of floodplain maps in Michigan without adequate explanation of increased flood risk.

Notes that Michigan residents have paid nearly five times more in flood insurance premiums than received in claims over the last 30 years, with excess funds subsidizing higher-risk areas in other states.

Identifies the National Flood Insurance Program as operating with lack of transparency in rate-setting and carrying $20 billion in debt due to repeated rebuilding in high-risk areas.

References two pieces of federal legislation: H.R. 435 (to eliminate the program and allow states to provide flood insurance independently) and H.R. 1309 (the Flood Insurance Reform Act of 2011 to modernize the program).

Directs copies of the resolution be transmitted to the President of the U.S. Senate, Speaker of the U.S. House of Representatives, and Michigan's congressional delegation.