According to a NASDAQ article posted May 2, the U.S. Senate could vote on a Flood Insurance Bill this week.
This is the same bill the House stalled about seven months ago due to conflict over whether or not the program should add wind coverage and whether rates should be increased for residents with a history of expensive claims.
Andrew Souvall, press secretary to Congressman Frank Pallone Jr., D-N.J., said the bill would reauthorize the National Flood Insurance Program (NFIP) for the next 5 years.
Souvall said the Congressman is working to get his legislation, regarding a moratorium on the Federal Emergency Management Agency’s (FEMA’s) implementation of newly updated Flood Insurance Rate Maps (FIRMs) in the Bayshore, placed into that bill as an amendment, or something of the like.
While the bill is currently only being discussed, Congressman’s Pallone legislation is being supported by several Bayshore municipalities by way of a resolution.
Atlantic Highlands, Hazlet, Highlands, Keansburg, Keyport and Union Beach have begun looking to adopt resolutions.
I am still looking to shed more light on the entire situation, including the discrepancy between the U.S. Army Corps of Engineers and FEMA. Look for updates throughout the day.