Marino wants the next step – repeal – of flood rate reform
The most recent legislation would blunt the radical residential flood insurance rate increases that everyone has been complaining about, but that’s not enough to satisfy state Rep. Tom Marino, a Cogan Station Republican.
Marino wants a bill to address commercial properties regarding flood insurance rates that are geared toward getting FEMA back on sound fiscal footing.
Better yet, he would like the entire flood insurance reform action repealed.
He says he’s angry at “both sides of the aisle” over the Biggert-Waters Flood Insurance Reform Act of 2012 and doesn’t see why a Congress capable of bailing out the auto industry can’t do the same for regular people.
It’s hard to argue with that reasoning.