ABA Splits on Two Flood Insurance Amendments
In a letter to the Senate regarding the Homeowner Flood Insurance Affordability Act, the ABA lends its support to the Heller-Lee amendment, which would amend the definition of "private flood insurance" to restore discretion to help develop a functional private insurance market; the ABA opposes the Merkley amendment, which would subject force-placed flood insurance to federal requirements as well as state requirements. [1/30]