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Posted by  in FYI

Layton_Ricks_PhotoOn Wednesday, September 18th, Livingston Parish President Layton Ricks, along with US Senators David Vitter and Mary Landrieu, attended the Senate hearing to discuss implementation of The Biggert-Waters Flood Insurance Act. Following the Senate hearing, Mr. Ricks met privately with the Louisiana delegation to discuss its united effort to make flood insurance affordable.

Senator Vitter pressed the Committee to bring William Craig Fugate, FEMA Administrator, in to testify at the hearing.

“I attended this hearing to support our delegation,” Ricks said. “Congressman Bill Cassidy introduced language into the House Appropriations Act that would delay implementation of Section 207 of the Biggert-Waters Flood Insurance Reform Act. Cassidy’s amendment was subsequently included in the Senate appropriations bill for the Department of Homeland Security and will keep flood insurance hikes from going into effect until Congress can address the affordability issues.

“I greatly appreciate and support the efforts of our delegation,” Ricks added, “Biggert-Waters will result in unaffordable rates that will have a devastating impact, especially on the middle class and poor. The implementation of these rates will make it nearly impossible to buy or sell a home or business and will have a trickle-down effect that will hurt the real estate market and mortgage industries.

“I will continue to support the efforts of Congressman Cassidy and Senators Landrieu and Vitter in delaying the implementation of this reform until the affordability issues are resolved.”