Print

Wetzel Chronicle: Bill about flood insurance act to go before U.S. House

As the effects of the Biggert-Waters Flood Insurance Reform Act of 2012 turn from a trickle to a deluge across the country, there might be some hope in sight.

On Feb. 13, Representative David B. McKinley (R-WV) praised the decision by House Republican leadership to schedule a vote next week to ease flood insurance rate hikes currently facing millions of Americans and thousands of West Virginians. The vote will be on a modified version of legislation already passed by the Senate.

The news of upcoming vote came two days after the Wetzel County Commission passed an emergency resolution, created by Prosecutor Timothy Haught, opposing the Biggert-Waters Flood Insurance Act of 2012. The resolution reads that the act "threatens the very existence of our riverfront and flood plan communities, including our county seat, New Martinsville, West Virginia . . ."

The resolution stated that the implementation of the act would "decrease the property values of homes and businesses, destroy business districts and other businesses, negatively impact economic growth and investment, eliminate financing . . ."

To read entire article, click here.