ACR98

Urges Congress and the President to increase subsidies for federal flood insurance.

This resolution urges Congress and the President to increase subsidies for federal flood insurance, especially for property owners who have suffered frequent losses. It highlights the importance of the National Flood Insurance Program for flood-prone areas and the need for timely federal relief. The resolution also notes the impact of the Biggert-Waters Flood Insurance Reform Act of 2012, which phases out subsidies, increasing costs for New Jersey homeowners.