The House Resolution, introduced by Representatives Kerner and Firment, calls on the United States Congress to take decisive actions to alleviate the financial burden of flood insurance on residents, particularly in Louisiana's coastal parishes. It specifically urges the passage of three key legislative measures: the Flood Insurance Affordability Act, which aims to cap annual flood insurance premium increases; the Risk Rating 2.0 Transparency Act, which seeks to enhance transparency in FEMA's flood insurance pricing methodology; and the Flood Insurance Affordability Tax Credit Act, which proposes a refundable tax credit for low- and middle-income households enrolled in the National Flood Insurance Program (NFIP). The resolution highlights the significant financial strain that the current Risk Rating 2.0 methodology has placed on homeowners, particularly following a series of devastating hurricanes that have led to a surge in insurance claims and premium costs.

The resolution emphasizes the need for reform in the NFIP to ensure that flood insurance remains affordable and accessible for all Americans, particularly those in flood-prone areas. It expresses concern over the lack of transparency and the potential for increased premiums to drive policyholders out of the insurance market, which could jeopardize the program's sustainability. By memorializing Congress to take action, the Louisiana Legislature aims to protect homeowners from excessive insurance costs and ensure that flood insurance is fair, equitable, and actuarially justified. A copy of the resolution will be sent to congressional leaders and Louisiana's congressional delegation to advocate for these necessary changes.