Flood Insurance Reform and Modernization Act of 2007

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Article summary (how summaries work)
The Flood Insurance Reform and Modernization Act of 2007 (S. 2284) was introduced in the Senate on November 1, 2007, by Sen. Chris Dodd (D-Conn.). The bill sought to restore the financial solvency of the national flood insurance program, to provide coverage for damage from storm winds and waters (or a combination of both) and to update and consolidate flood maps. The Senate eventually incorporated this measure into H.R. 3121, which was sent to conference committee.[1] [2]


Contents

Senate action

During consideration of the bill, several amendments were considered.

One amendment, offered by Sen. Roger Wicker (R-Miss.), sought to offer additional coverage for wind damage from hurricanes, tornadoes or other windstorms.[2]


Same for all scorecards:

Scored vote

Scorecard: League of Conservation Voters 2008 Senate Scorecard

Org. position: Nay

Description:

"With global warming contributing to the severity of hurricanes, sea level rise, and flooding, it’s becoming increasingly imperative to discourage new development and rebuilding in environmentally sensitive shorelines, wetlands, lowlands, and barrier islands. Unfortunately, the availability of federally subsidized flood insurance through the National Flood Insurance Program (NFIP) often encourages risky development in flood-prone areas, putting people and communities in harm’s way. Following the catastrophic and unprecedented 2004 and 2005 hurricane seasons, the U.S. Treasury debt of the NFIP grew to more than $17 billion, with annual interest exceeding three quarters of a billion dollars. With the program set to expire at the end of FY 2008, Congress began working to reform and extend the program another five years. During Senate consideration of H.R. 3121, the Senate’s version of the Flood Insurance Reform and Modernization Act, Senator Roger Wicker (R-MS) offered an amendment to greatly expand the scope of federal insurance offered to include coverage for wind damage from hurricanes, tornadoes and other windstorms. This means new federal subsidies and an expansion of taxpayer risk that would likely further spur risky and environmentally damaging development. On May 7, the amendment was defeated by a 19-74 vote (Senate roll call vote 117). NO is the pro-environment vote. The House of Representatives passed its version of the bill on September 27, 2007, which included provisions similar to the Wicker amendment. In the final days of the Congress, a House-Senate Conference was pending on the legislation."

(Original scorecard available at: http://www.lcv.org/2008-pdf.pdf)

Sen. Chris Dodd (D-Conn.) proposed an amendment to change the way debt is handled under the flood insurance program.[2]


Same for all scorecards:

Scored vote

Scorecard: National Journal 2008 Senate Scorecard

Org. position: Aye

Description:

"Waive budget rules against forgiving debt under the flood insurance program. May 8. (70-26; 60 votes required to waive the Budget Act)"

(Original scorecard available at: http://www.nationaljournal.com/njmagazine/cs_20090228_4813.php)

Another amendment, offered by Sen. Mitch McConnell (R-Ky.), sought to allow oil exploration in the Arctic National Wildlife Refuge. The amendment failed to receive the 60 votes necessary to pass.[2]


Same for all scorecards:

Scored vote

Scorecard: League of Conservation Voters 2008 Senate Scorecard

Org. position: Nay

Description:

"During consideration of S. 2284, the National Flood Insurance Reform and Modernization Act, Senator Mitch McConnell (R-KY) offered an amendment that would have opened the coastal plain of the Arctic National Wildlife Refuge to oil drilling, allowed oil and gas development in offshore coastal waters that have been protected by a federal moratorium since 1981, encouraged the use of high greenhouse gas intensive liquid coal technology, and promoted environmentally destructive oil shale mining on public lands. By unanimous consent, the Senate agreed that 60 votes would be required to pass the McConnell amendment. On May 13, the amendment failed by a vote of 42-56 (Senate roll call vote 123). NO is the pro-environment vote"

(Original scorecard available at: http://www.lcv.org/2008-pdf.pdf)

Scored vote

Scorecard: National Journal 2008 Senate Scorecard

Org. position: Nay

Description:

"Expand offshore drilling, drilling in the Arctic National Wildlife Refuge, and clean-coal technology development. May 13. (42-56; 60 votes required for passage because of a unanimous consent agreement)"

(Original scorecard available at: http://www.nationaljournal.com/njmagazine/cs_20090228_4813.php)


Articles and resources

See also

References

  1. Flood Insurance Reform and Modernization Act of 2008
  2. 2.0 2.1 2.2 2.3 Flood Insurance Reform and Modernization Act of 2007

External resources

  1. THOMAS

External articles

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