The president of a conservative think tank is highly critical of the current effort to roll back flood insurance rate increases imposed through a 2012 law, saying the reforms were "modest" and a test of whether federal legislators have the political will "to put its fiscal house in order."
The comments by Eli Lehrer of the R Street Institute, a think tank based in Washington, will be appearing in the Dec. 16 issue of the Weekly Standard.
He is commenting on legislation now being considered by the Senate that would defer the imposition of actuarial rate hikes imposed by a 2012 law while Congress and the executive branch complete an affordability study.
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