Congressman Ted Yoho

Representing the 3rd District of Florida
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Yoho Votes to Reform National Flood Insurance Program

Nov 14, 2017
Press Release

Washington, D.C. – Congressman Ted S. Yoho (R-FL) voted in favor of the 21st Century Flood Reform Act –HR 2874. The bill will reauthorize the National Flood Insurance Program (NFIP) for five years, reform the program to improve NFIP financial stability, improve flood risk estimates and flood maps, and increase the role of private markets in the flood insurance industry. Congressman Yoho released the following statement:

“The National Flood Insurance Program is broken and has to be reformed. No longer can we allow this monopolistic federal program to drain taxpayer dollars with no end in sight. Today’s vote will begin the necessary step of reforming, expanding, and developing the private flood insurance market, so taxpayers are not constantly on the hook.  The transition period of three to five years will enable a marketplace to be created that increases competition, access, and choice for consumers.”