Washington, D.C.–(ENEWSPF)–September 19, 2013. Oregon’s Senator Jeff Merkley held a Senate hearing this week in the Economic Policy Subcommittee of the Banking Committee to raise awareness about families across Oregon whose flood insurance rates are skyrocketing or who are being forced to buy flood insurance even though they weren’t required to in the past. Congress passed flood insurance reforms last year to modernize the program, but since the legislation passed, many middle class families have been burdened by steep rate increases that make it difficult to stay in their homes or sell their homes. The hearing was designed to assess the impact the legislation is having on families and to explore possible solutions.
