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Club for Growth: Follow Hensarling’s Lead On Flood Insurance

02/26/2014 Link to Article: http://www.clubforgrowth.org/perm/pr/?postID=1276


Club for Growth President Chris Chocola: “House Republican Leadership wants to stick taxpayers with the bill for higher subsidies to beach-front properties, but Congressman Hensarling took a principled stand.”

Washington, DC – Today, the Club for Growth issued the following statement commending Congressman Jeb Hensarling’s leadership in opposition to the Homeowner Flood Insurance Affordability Act (HR 3370), which would unwind and partly repeal the much-needed Biggert-Waters reforms to the National Flood Insurance Program:

“Congressman Jeb Hensarling’s leadership on Flood Insurance deserves recognition. House Republican Leadership wants to stick taxpayers with the bill for higher subsidies to beach-front properties, but Congressman Hensarling took a principled stand,” said Club for Growth President Chris Chocola. “As the House Financial Services Committee Chairman, Congressman Hensarling has long advocated for reforming the Flood Insurance program, so it’s no surprise that GOP leaders are refusing to run the bill through his committee, and instead, are negotiating directly with the Democrats. Republicans in the House could learn a lot by following Congressman Hensarling’s lead when it comes to protecting taxpayers and increasing economic freedom.”