Important Development on the Multiple Peril Insurance Bill
[A.M. in the Morning Note: This is fabulous news! Wonderful! Magnificent! The following comes directly off of Congressman Gene Taylor's homepage. Good job, Congressman Taylor. A BIG thanks to the Democratic leadership of Congresswoman Maxine Waters (D-CA) and Congressman Barney Frank (D-MA). Thanks also to Congressman Bobby Jindal (R-LA). ]
The text of H.R. 920, Representative Taylor's Multiple Peril Insurance Bill, has been added to H.R. 1682, the Flood Insurance Reform and Modernization Act. The new bill is numbered H.R. 3121, and also called the Flood Insurance Reform and Modernization Act. The Text of H.R. 920 is in Section 7 of the new bill.
Rep. Maxine Waters (D-CA), Chairwoman of the Housing Subcommittee, introduced the package as a new bill with Gene Taylor, Bobby Jindal (R-LA), Al Green (D-TX), and Barney Frank (D-MA), Chairman of the Financial Services Committee, as original co-sponsors.
Representative Taylor is urging the Financial Services Committee to vote on H.R. 3121 before the August recess.
The flood insurance reform provisions from H.R. 1682 are carried over from a bipartisan flood insurance reform bill that passed the House last year by a vote of 416 to 4, so there should be no controversy with any of its provisions. It did not become law last year because the Senate never voted on its version of the bill.
CLICK HERE for a copy of the text of H.R. 3121, it is not available online yet.
Letters of Support for H.R. 920, the Multi Peril Insurance Program Act
Rep. Taylor's letter to Governor Racicot regarding his analysis of H.R. 920, the Multi Peril Insurance Program Act
H.R. 920, the Multi Peril Insurance Program Act, Frequently Asked Questions
H.R. 920, Multi Peril Insurance Program Act letter of support from Senator Trent Lott
H.R. 920, Multi Peril Insurance Program Act Allstate letter of support
H.R. 920, Multi Peril Insurance Program Act Nationwide letter of support
H.R. 920, Multi Peril Insurance Program Act Governor Haley Barbour letter of support
H.R. 920, Multi Peril Insurance Program Act Gulf Coast Business Council letter of support
Gene's Statement on Immigration Reform
Gene’s Recent Committee Hearing Testimony
Legislative Fixes for Lingering Problems of Katrina Recovery
Subcommittee on Economic Development, Public Buildings, and Emergency Management
of the Committee on Transportation and Infrastructure
May 10, 2007
Perspectives on Natural Disaster Insurance
Subcommittee on Housing and Community Opportunity on the Financial Services Committee
March 27, 2007
Insurance Claims Payment Processes on the Gulf Coast
Subcommittee on Oversight and Investigations of the Financial Services Committee
February 28, 2007
Evidence of Insurance Fraud Submitted to the Oversight and Investigations Subcommittee
To see a full list of Representative Taylor's Katrina documents, CLICK HERE
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