Legislative Bill Tracking
The Senate and Assembly each released their respective One House budget bills this week and passed their proposals. Joint committee meetings were also held to facilitate budget negotiations between the Senate and Assembly.
The House Financial Services Committee held a hearing on the future of the National Flood Insurance Program (NFIP). Committee Chair Maxine Waters said her priorities would be addressing premium affordability for low-income homeowners and the need for improved mapping and floodplain management. The Committee also considered a proposal by U.S. Rep. Nydia Velazquez (D-Brooklyn) that would ensure greater accountability and oversight in the fair and efficient processing of claims.
For additional information on any of the State or Federal issues, please contact:
Michael P. Smith, President, NYBA, at (212) 297-1699
Clare M. Cusack, General Counsel, at (212) 297-1664
Megan Rowan McGovern, Deputy General Counsel & VP, Government Relations, at (212) 297-1669