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Dravis, Samantha[dravis.samantha@epa.gov] POLITICO Pro Thur 11/2/2017 3:46:36 PM Scalise, Hensarling agree to flood insurance deal
By Zachary Warmbrodt
11/02/2017 11:44 AM EDT
House Majority Whip Steve Scalise (R-La.) and House Financial Services Chairman Jeb Hensarling (R-Texas) have reached a tentative agreement on legislation that would reauthorize the National Flood Insurance Program after months of clashing over the issue, people familiar with the matter said.
The full details were not immediately available as new bill text was being finalized, but the deal was expected to include concessions sought by Scalise easing the extent to which the committee's bill would penalize homes that repeatedly flood.
The bulk of a reauthorization package that the committee approved in June was expected to be part of the bill.
Hensarling previously agreed to drop proposals that would have phased out coverage for new construction in high-risk areas and restricted "grandfathering," in which some homeowners are able to pay lower premiums under the flood insurance program when flood maps change.
It was not immediately clear if other Republicans who had been pushing back on the committee's bill would support the agreement between Scalise and Hensarling.
WHAT'S NEXT: The flood insurance program is set to expire Dec. 8.
To view online'. https://www.politicopro.eom/energy/whiteboard/2017/l 1/scalise-hensarling-agree-to-floodinsurance-deal-095118
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