REALTORS® Association of Lincoln
February 27, 2014

 

House to Vote on Flood Insurance Next Week

 

Next week, the House is scheduled to vote up-or-down on an amended version of H.R. 3370, the Flood Insurance Affordability Act. The original bill text has been stripped and replaced by substitute language that considerably strengthens the bill. The substitute bill will be considered under an expedited set of "suspended rules" procedures that both limit debate and amendments while requiring a 2/3 majority to pass. This is a critical vote on a top NAR member priority. We cannot predict the fall-out if this vote fails.

 

The substitute bill to be considered differs significantly from the version that the Senate passed on Jan. 30:

 

REPEALS (the Senate bill only delayed) the property-sales provision in the Biggert Waters law (sec. 205) that has triggered the most excessive and inaccurate premium increases over the past year.

 

REFUNDS (the Senate bill would not refund) excessive premiums to those who have already seen an increase but were not warned by FEMA prior to purchasing the property.  (This would apply to ALL purchases of property including purchases of a second home or commercial property).

 

RESTORES (the Senate bill only delayed) the grandfathering of lower rates when new flood maps are issued by repealing Section 207 of the law before any increases can be implemented.

 

 

  

 

 

 

Nebraska RPAC Contributions are not deductible for income tax purposes. Contributions to RPAC are voluntary and are used for political purposes. Corporate contributions and contributions from foreign nationals are prohibited. You may contribute more or less than the suggested amount. You may refuse to contribute without reprisal.  70% of each contribution is used by your state PAC to support state and local political candidates. Until your state PAC reaches its RPAC goal 30% is sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S.C. 441a; after the state PAC reaches its RPAC goal it may elect to retain your entire contribution for use in supporting state and local candidates.

2014 RPAC GOAL

GOAL:
$65,000

CURRENT:
$21,462  
as of 02/27/14

 

2014 CONTRIBUTORS 

 

 

GOLDEN "R" CLUB

$5,000+

Patricia Ohmberger

 

PRESIDENT'S CIRCLE

$2,000+

Connie Burleigh

John Hoppe, Jr.

 

STERLING "R" CLUB

$1,000+

Deb Fisbeck

Arla Meyer

Pam Oliver

Jeff Searcy

Kent Thompson

 

GOVERNOR'S CLUB 

  $500 

Fred Hoppe
  Judy Sasek

   

DOLLAR-A-DAY CLUB  

$365+

Nicole Jensen

Kim Zwiener

 

CAPITOL CLUB 

  $250+  

 Brad Hulse

Sara Thompson

       

99 CLUB

$99+

Alesia Barnhart

April Bohling

Leighun Brabec

Nanci Burchess-Smith

Amy Birkholz

Deb Davis

Jayne Debus

Kim Deubelbeiss

Rhonda Dodson

Jeni Eitzman Meyer

John Fink

Darlene Fletcher

Sandra Harder

Stacy Hartgerink

Ron Herms

Carla Hines

Rosemary Horner

Susan Ihle

Jeff Johnson

Jo Lewis

Jeff Luthy

Kent Obrist

Roger Reynolds

Anita Rockenbach

Teresa Scherer

Michael Shipley

Darlene Starman

Marsha Turbett

Carla Waldbaum

Marcia Weddle
   Shannon Williams

Dick Wolf

Pat Wolf

 

FAIR SHARE CLUB 

  $50+

Lynne Fisher

Michael Growcock

Sherri Walker

Marilyn Wimer

 

 

   

If you have invested $50+ and your name does not appear on the list please contact Brad Hulse and it will be corrected for next week's RPAC Weekly.  We apologize for the oversight.