Sen. Cruz Statement on the Homeowner Flood Insurance Affordability Act
March 13, 2014
WASHINGTON, DC -- U.S. Sen. Ted Cruz, R-Texas, released the following statement on H.R. 3370, the Homeowner Flood Insurance Affordability Act:
"Today's flood relief bill provides meaningful relief to the millions who faced dramatically high premiums that jeopardize their homes and their businesses. This bill is a substantial improvement over the previous Senate version in that it is far more fiscally responsible. The federal flood insurance program still needs further reforms to ensure its long-term solvency, but today's vote protects investment-backed expectations of Texans all along the Gulf Coast"