Nice WASHINGTON (Reuters) – Draft legislation to overhaul the U.S. National Flood Insurance Program will be unveiled next week, said the Republican chairman of a congressional insurance oversight panel on Thursday.
Representative Judy Biggert told Reuters she will present the draft on March 11 at a hearing of the House insurance subcommittee she chairs, kicking off what could be a lengthy debate on a deeply troubled government program.
"We want to make sure we can find some way that taxpayers aren't going to be on the line for a lot of money, which of course has been the case," Biggert said. "We've got a draft. We're working on it. We'll be bringing it up" on March 11.
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