WASHINGTON (1/11/16)--The House Financial Services Committee announced its first hearings of the year and both will address flood insurance policy.
The panel's subcommittee on housing and insurance will conduct a 10 a.m. (ET) examination tomorrow of the National Flood Insurance Program.
The hearing is entitled “Opportunities and Challenges Facing the National Flood Insurance Program.” Its panel of witnesses will include Stephen Ellis, vice president of Taxpayers for Common Sense, Christopher W. Heidric, on behalf of the Independent Insurance Agents and Brokers of America, Inc., Patty Templeton-Jones on behalf of the Property Casualty Insurers Association of America, and Tom Woods representing the National Association of Home Builders.
On Wednesday, the same subcommittee will explore ways to create a "more robust and private" flood insurance marketplace. That session will begin at 9:15 a.m. (ET). No witness names were public as of Friday afternoon.
For more on the opening weeks of the 2016 U.S. Congress, read the Jan. 12 issue of News Now for the Credit Union National Association's Legislative Update.