NAR Applauds Waters, McHenry Progress Toward Flood Insurance Reform

WASHINGTON (June 7, 2019) – National Association of Realtors® President John Smaby issued the following statement on Friday as flood insurance reauthorization legislation is expected to be marked up in the House Financial Services Committee next week.

“The National Association of Realtors® applauds Chairwoman Waters and Ranking Member McHenry for working towards a bipartisan, long-term solution for the National Flood Insurance Program,” Smaby, a second generation Realtor® and broker at Edina Realty in Edina, Minnesota, said. “This legislation addresses many critical NAR priorities, including long-term reauthorization, strengthening mapping and mitigation, and facilitating a more robust private insurance market. While we continue reviewing this bill, NAR thanks the Chairwoman and Ranking Member for their genuine efforts to move comprehensive reauthorization legislation forward.”

The National Association of Realtors® is America’s largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries.

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