A CONCURRENT RESOLUTION TO MEMORIALIZE THE CONGRESS OF THE UNITED STATES TO ENACT SENATE BILL S.1846, THE HOMEOWNER FLOOD INSURANCE AFFORDABILITY ACT OF 2013, IN ORDER TO DELAY FLOOD INSURANCE RATE INCREASES CAUSED BY THE BIGGERTWATERS FLOOD INSURANCE REFORM ACT OF 2012, AND TO REQUIRE THE FEDERAL EMERGENCY MANAGEMENT AGENCY TO STUDY THE AFFORDABILITY OF THAT ACT ON PROPERTY OWNERS AND TO IMPLEMENT AN ACCURATE FLOOD MAPPING APPROACH BEFORE RAISING FLOOD INSURANCE RATES; AND TO UNDERTAKE EFFORTS TO DEVELOP A LONGTERM SOLUTION TO ENSURING AN AFFORDABLE, ACCESSIBLE, AND SUSTAINABLE FLOOD INSURANCE PROGRAM. Whereas, Congress enacted the BiggertWaters Flood Insurance Reform Act of 2012, to help make the flood government’s insurance program financially solvent by bringing insurance rates in line with true flooding risks; and Whereas, it has become apparent that the law will harm millions of Americans across the country, including hundreds of thousands of property owners in South Carolina, by causing substantial flood insurance rate hikes; and Whereas, the impact of these rate hikes will be particularly devastating in the coastal counties of Beaufort, Berkeley, Charleston, Dorchester, Georgetown, and Horry, which are flood prone and are vital to a healthy tourism industry; and
A CONCURRENT RESOLUTION TO MEMORIALIZE THE CONGRESS OF THE UNITED STATES TO ENACT SENATE BILL S.1846, THE HOMEOWNER FLOOD INSURANCE AFFORDABILITY ACT OF 2013, IN ORDER TO DELAY FLOOD INSURANCE RATE INCREASES CAUSED BY THE BIGGERTWATERS FLOOD INSURANCE REFORM ACT OF 2012, AND TO REQUIRE THE FEDERAL EMERGENCY MANAGEMENT AGENCY TO STUDY THE AFFORDABILITY OF THAT ACT ON PROPERTY OWNERS AND TO IMPLEMENT AN ACCURATE FLOOD MAPPING APPROACH BEFORE RAISING FLOOD INSURANCE RATES; AND TO UNDERTAKE EFFORTS TO DEVELOP A LONGTERM SOLUTION TO ENSURING AN AFFORDABLE, ACCESSIBLE, AND SUSTAINABLE FLOOD INSURANCE PROGRAM. Whereas, Congress enacted the BiggertWaters Flood Insurance Reform Act of 2012, to help make the government’s flood insurance program financially solvent by bringing insurance rates in line with true flooding risks; and Whereas, it has become apparent that the law will harm millions of Americans across the country, including hundreds of thousands of property owners in South Carolina, by causing substantial flood insurance rate hikes; and Whereas, the impact of these rate hikes will be particularly devastating in the coastal counties of Beaufort, Berkeley, Charleston, Dorchester, Georgetown, and Horry, which are flood prone and are vital to a healthy tourism industry; and
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