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House Passes Four Financial Services Bills Including Waters/McHenry Flood Insurance Extension
NNPA NEWSWIRE — “Unfortunately, the National Flood Insurance Program is currently set to expire on May 31. My bill, which I have coauthored with Ranking Member McHenry, would extend the program to September 30 because we recognize that the NFIP is critical to ensuring access to flood insurance coverage across this country. And, this extension will afford the Ranking Member and I time to complete our work on a long-term bipartisan compromise.”
WASHINGTON – Today, the U.S. House of Representatives passed four bills that were offered by House Financial Services Committee Members, including H.R. 2578, the National Flood Insurance Program Extension Act of 2019, bipartisan legislation introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Patrick McHenry (R-NC), Ranking Member of the House Financial Services Committee, to extend the National Flood Insurance Program’s (NFIP) authorization to September 30, 2019. The authorization is due to expire on May 31. See the Chairwoman’s floor statement below.
As Prepared for Delivery
“Thank you, Mr. Speaker. I rise in support of my bill, H.R. 2578, the National Flood Insurance Program Extension Act of 2019. Since the National Flood Insurance Program’s (NFIP) multi-year authorization expired on September 30, 2017, ideological differences have led Congress to pass ten short-term extensions and even allowed the program to briefly lapse twice during government shutdowns.
“Unfortunately, the National Flood Insurance Program is currently set to expire on May 31. My bill, which I have coauthored with Ranking Member McHenry, would extend the program to September 30 because we recognize that the NFIP is critical to ensuring access to flood insurance coverage across this country. And, this extension will afford the Ranking Member and I time to complete our work on a long-term bipartisan compromise.
“Mr. Speaker, the NFIP is much more than just an insurance program. The NFIP plays an important role in disaster preparedness and resiliency by providing flood maps, setting standards for floodplain management, and investing in mitigation for our homes, businesses, and infrastructure. According to the Federal Emergency Management Agency, everyone is at risk of flooding. That means that this is not just a coastal issue—we all have an interest in ensuring a strong National Flood Insurance Program.
“We need a long-term reauthorization to provide certainty to homeowners and businesses, and we also need critical reforms to the program. First and foremost, we must do more to address unaffordable premium costs for low-income households, address the program’s debt, which is unfairly burdening policyholders with millions of dollars in interest, and lower costs and fees on policyholders.
“Secondly, we need to invest more heavily in mapping, floodplain management, and mitigation, which will save taxpayer dollars in the long run by helping to reduce the damage that occurs when floods hit.
“Finally, Superstorm Sandy exposed numerous issues related to claims processing, including findings of outright fraud. Going forward, we must work to ensure that we have safeguards in place and mechanisms for greater accountability and oversight to ensure that claims are handled fairly and efficiently to provide relief for policyholders.
“Mr. Speaker, passing H.R. 2578 is not just a stop-gap measure to kick the can down the road. I have every confidence that with this extension, Democrats and Republicans will finally break the cycle of haphazard extensions. I intend to work in a bipartisan manner with Mr. McHenry to provide a long-term reauthorization to restore stability and confidence in the market. Through a thoughtful, bipartisan process, Congress can provide real relief to families, communities, and businesses.
“In addition to H.R. 2578, the U.S. House of Representatives passed the following bills, offered by House Financial Services Committee Members, on a voice vote.”
- R.389, the Kleptocracy Asset Recovery Rewards Act, bipartisan legislation that establishes a rewards program to incentivize individuals to notify the U.S. government of assets in U.S. financial institutions that are linked to foreign corruption, allowing authorities to recover and return these assets and prevent further enabling foreign corruption and terrorist financing. Rewards are paid with funds taken from the recovered stolen assets.
This bill was introduced by Congressman Stephen Lynch (D-MA) and Congressman Ted Budd (R-NC).
- R.1060, the Building Up Independent Lives and Dreams Act (BUILD Act), bipartisan legislation that allows nonprofit organizations, such as Habitat for Humanity, offering mortgage loans for charitable purposes to use certain alternative forms to satisfy disclosure requirements.
This bill was introduced by Congressman Barry Loudermilk (R-GA) and Congressman Brad Sherman (D-CA).
- R.1037, the Banking Transparency for Sanctioned Persons Act, legislation that requires the Secretary of the Treasury to report to Congress semiannually on a list of the licenses issued to financial institutions to provide services to countries and persons subject to certain U.S. sanctions.
This bill was introduced by Congressman Denver Riggleman (R-VA).
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WATCH LIVE! — NNPA 2023 National Leadership Awards Reception
NNPA NEWSWIRE — Welcome to the NNPA 2023 National Leadership Awards Reception
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OP-ED: Delivering Climate Resilience Funding to Communities that Need it the Most
NNPA NEWSWIRE — Just last month, FEMA announced nearly $3 billion in climate mitigation project selections nationwide to help communities build resilience through its Building Resilient Infrastructure and Communities (BRIC) national competition and Flood Mitigation Assistance program. In total, more than 50% of these projects will benefit disadvantaged communities, and in particular, 70% of BRIC projects will do the same.
The post OP-ED: Delivering Climate Resilience Funding to Communities that Need it the Most first appeared on BlackPressUSA.

By Erik A. Hooks, FEMA Deputy Administrator
We know that disasters do not discriminate. Yet, recovery from the same event can be uneven from community to community, perpetuating pre-existing inequalities. Recognizing these disparities, FEMA and the entire Biden-Harris Administration have prioritized equity when it comes to accessing federal programs and resources.
The numbers tell the story.
Just last month, FEMA announced nearly $3 billion in climate mitigation project selections nationwide to help communities build resilience through its Building Resilient Infrastructure and Communities (BRIC) national competition and Flood Mitigation Assistance program. In total, more than 50% of these projects will benefit disadvantaged communities, and in particular, 70% of BRIC projects will do the same.
These selections further underscore the Biden-Harris Administration’s commitment to equity and reaffirm FEMA’s mission of helping people before, during and after disasters, delivering funding to the communities that need it most.
Building on this momentum and our people-first approach, FEMA recently announced the initial designation of nearly 500 census tracts, which will be eligible for increased federal support to become more resilient to natural hazards and extreme weather worsened by the climate crisis. FEMA will use “Community Disaster Resilience Zone” designations to direct and manage financial and technical assistance for resilience projects nationwide, targeting communities most at risk due to climate change. More Community Disaster Resilience Zone designations, including tribal lands and territories, are expected to be announced in the fall of 2023.
These types of investments have, and will yield a significant return on investment for communities nationwide.
For example, in my home state of North Carolina, the historic community of Princeville, founded by freed African American slaves, uses BRIC funding to move vulnerable homes and critical utilities out of flood-prone areas.
In East Harlem, BRIC dollars will provide nature-based flood control solutions to mitigate the impacts of extreme rainfall events in the Clinton low-income housing community.
While we are encouraged by these investments, we know more must be done.
Not every community has the personnel, the time or the resources to apply for these federal dollars. Fortunately, FEMA offers free, Direct Technical Assistance to help under-resourced communities navigate the grant application process and get connected with critical resources. Under the leadership of FEMA Administrator Deanne Criswell, this assistance has been a game-changer, reducing barriers and providing even more flexible, customer-focused, tailored support to communities interested in building and sustaining successful resilience programs.
In Eastwick, Philadelphia, FEMA’s dedicated support helped the city with outreach to multiple federal agencies. Together, we built a comprehensive community-led flood mitigation strategy. When applied and implemented, this will make this community more resilient to hazards like flooding, which was negatively affecting many neighborhood blocks.
In DePue, Illinois, we worked hand-in-hand with communities to improve their ability to submit high-quality funding applications for hazard mitigation projects. We are happy to share that DePue is the first Direct Technical Assistance community to be selected in the BRIC national competition. And, we know they will not be the last. Thanks to this assistance and their ambition, DePue was awarded more than $20 million to build a new wastewater treatment plant, which will reduce flooding and raw sewage back-up into the basements of homes.
In total, our agency is working with over 70 communities, including tribal nations, to increase access to funding for mitigation projects that will make communities more livable and resilient.
With extreme weather events becoming increasingly intense and frequent due to climate change, we must keep pressing forward and continue investing in ways to better protect ourselves and our neighbors. And we are encouraged that local officials are engaging with us to learn more about the benefits of the BRIC non-financial Direct Technical Assistance initiative—just last week, we saw hundreds of participants nationwide register for a recent webinar on this important topic.
We want to see even more communities take advantage of this initiative, and, ultimately, obtain grants for innovative and forward-looking resilience projects. To that end, FEMA recently published a blog with five steps to help local communities and tribal nations learn more about the benefits of this non-financial technical assistance to access federal funding. I hope your community will take action and submit a letter of interest for this exciting opportunity and increase meaningful mitigation work throughout the country.
With the pace of disasters accelerating, communities can utilize federal resources to reduce their risk and take action to save property and lives. FEMA stands ready to be a partner and collaborator with any community that is ready to implement creative mitigation strategies and help build our nation’s resilience.
The post OP-ED: Delivering Climate Resilience Funding to Communities that Need it the Most first appeared on BlackPressUSA.
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Tale of Two Underground Railroad Communities
ARIZONA INFORMANT — Prior to the Civil War, many communities in the Ohio River Valley were a part of an elaborate system that provided resources and protection for enslaved persons from Southern states on their journey to freedom. Once someone crossed the Ohio River, they traveled along unknown terrain of trails to safe houses and hiding places that would become known as the Underground Railroad.
The post Tale of Two Underground Railroad Communities first appeared on BlackPressUSA.

By Christopher J. Miller, Sr. Director of Education & Community Engagement, National Underground Railroad Freedom Center

Christopher J. Miller
September is International Underground Railroad Month.
This proclamation began in the State of Maryland in 2019, and now more than 11 States officially celebrate one of the most significant eras in U.S. history. With the signing of Ohio HB 340 in June 2022, Ohio became the 12th state to designate September International Underground Railroad Month.
Many history enthusiasts and scholars hope the momentum of the proclamation spreads to other states so that all our forebears of freedom are remembered.
Examining this era, you find that the Ohio River Valley is instrumental in the many narratives of freedom seekers. These stories are critical to our understanding of race relations and civic responsibilities.
Before the Civil War, many communities in the Ohio River Valley were part of an elaborate system that provided resources and protection for enslaved persons from Southern states on their journey to freedom. Once someone crossed the Ohio River, they traveled along unknown terrain of trails to safe houses and hiding places that would become known as the Underground Railroad.

Gateway to Freedom sign
The Underground Railroad was comprised of courageous people who were held to a higher law that confronted the institution of slavery with acts of civil disobedience by helping freedom seekers elude enslavers and slave hunters and help them get to Canada.
Many communities were a force for freedom along the more than 900-mile stretch of the Ohio River Valley, but I would like to focus on two significant communities.
Southern Indiana was a major part of this history. It was originally believed that there were from Posey to South Bend, Corydon to Porter, and Madison to DeKalb County, with many stops in between.
In further examination, the Underground Railroad in Indiana was a web of trails through the forests, swamps, briars, and dirt roads. The city that is often overlooked in reflecting on the history of the Underground Railroad is New Albany, Indiana.
By 1850, New Albany was the largest city in Indiana, with a population of 8,632. Free Blacks accounted for 502 of that population. Across the river, Louisville was Kentucky’s largest city, with a population of 42,829. A quarter of the 6,687 Black population were free in Louisville.

Town Clock Church (aerial view)
Louisville and New Albany would grow to become a significant region for Underground Railroad activity. People like Henson McIntosh became a prominent community member and major Underground Railroad conductor. McIntosh was one of approximately ten Underground Railroad agents in New Albany who used their wealth and influence to impact the lives of freedom seekers crossing the Ohio River.
The Carnegie Center for Art & History is an outstanding resource that continues to preserve New Albany’s role during the Underground Railroad era. Approximately 104 miles east along the Ohio River is another institution that plays a critical role in elevating the profile of the Underground Railroad on a national scope.

Inside Town Clock Church New Albany Indiana safe house
The National Underground Railroad Freedom Center is located on the banks of the Ohio River in Cincinnati, Ohio.
By 1850, Cincinnati would grow to be the 6th largest city in the Union, with a sizable Black population.
The Freedom Center is prominently located in the heart of a historic Black community called Little Africa. Although the community no longer exists, its legacy lives on through the Freedom Center.
As with New Albany, the community that resided along the banks of the river served an important role in the story of the Underground Railroad. Little Africa was the gateway to freedom for thousands of freedom seekers escaping slavery.
Although there were Underground Railroad networks throughout the country, Ohio had the most active network of any other state, with approximately 3,000 miles of routes used by an estimated 40,000 freedom seekers that crossed through Little Africa.
Despite the growth of enslavement leading up to the Civil War, communities such as Little Africa and New Albany reveal the realities regarding race relations and a model for the dignity of human life through their respective efforts to be kind and resilient friends for the freedom seekers.
For More Information:
National Underground Railroad Freedom Center – https://freedomcenter.org/
Cincinnati Tourism – https://www.visitcincy.com/
Carnegie Center for Art & History – https://carnegiecenter.org/
Southern Indiana Tourism – https://www.gosoin.com/
The post Tale of Two Underground Railroad Communities first appeared on BlackPressUSA.
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