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S. C. R. No. 35 As IntroducedAs Introduced
| 130th General Assembly | | Regular Session | | 2013-2014 |
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A CONCURRENT RESOLUTION | To urge the House of Representatives of the United
States to pass S. 1926 of the 113th Congress,
generally referred to as the Homeowner Flood
Insurance Affordability Act of 2014, which delays
implementation of certain provisions of the
Biggert-Waters Flood Insurance Reform Act of 2012.
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BE IT RESOLVED BY THE SENATE OF THE STATE OF OHIO
(THE HOUSE OF REPRESENTATIVES CONCURRING):
| WHEREAS, The Biggert-Waters Flood Insurance Reform Act of
2012 phases out the flood insurance premium subsidy offered to
certain homeowners participating in the National Flood Insurance
Program and abolished completely the subsidy for all new
homeowners participating in the program; and |
| WHEREAS, The implementation of unsubsidized premium amounts
jeopardizes the sale and value of properties currently receiving
the subsidy; |
| WHEREAS, Passage of S. 1926 of the 113th Congress, commonly
known as the Homeowner Flood Insurance Affordability Act of 2014,
would delay implementation of premium rate increases until the
Federal Emergency Management Agency is able to complete an
affordability study mandated by the Biggert-Waters Flood Insurance
Reform Act of 2012, propose an affordability framework, and allow
Congress to authorize such a framework; and |
| WHEREAS, The affordability study is to compare various
premium and structure models for the National Flood Insurance
Program, the current subsidized premium model as opposed to a
full-risk premium model with premium vouchers for low-income
individuals, on a cost-benefit basis; and |
| WHEREAS, the United States Senate passed S. 1926 with a
strong bipartisan vote of 67-32; now therefore be it |
| RESOLVED, That we, the members of the 130th General Assembly
of the State of Ohio, urge the United States House of
Representatives to pass S. 1926; and be it further |
| RESOLVED, That the Ohio Senate urges the United States
Congress to ensure an affordable scale of risk be implemented for
flood plain property owners; and be it further |
| RESOLVED, That the Clerk of the Senate transmit duly
authenticated copies of this resolution to the Speaker and Clerk
of the United States House of Representatives, the members of the
House of Representatives Ohio Congressional delegation, and the
news media of Ohio. |
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