Republicans Move Ahead on Flood Insurance Reform

By James Osborne 

Texas and Louisiana lawmakers team up in a reform effort as the program struggles to deal with its billions of dollars of debt

WASHINGTON – A years-long effort to shore up the finances of the federal government’s flood insurance program is nearing a vote in the House.

House Majority Whip Steve Scalise, R-La. and Rep. Jeb Hensarling, R-Dallas, the powerful chairman of the House Financial Services Committee, are pushing members to vote for flood insurance legislation after striking a deal Friday to move ahead on reform efforts that have long divided Democrats and Republicans alike.

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