The resolution urges Congress and the President of the United States to increase subsidies for federal flood insurance, particularly through the National Flood Insurance Program (NFIP). It highlights the significant impact of Hurricane Sandy on New Jersey communities, emphasizing that many homeowners rely on the NFIP due to the lack of affordable private flood insurance options. The resolution points out that recent legislative changes, specifically the Biggert-Waters Flood Insurance Reform Act of 2012, mandate the phase-out of existing subsidies, which could lead to drastic increases in flood insurance premiums for homeowners already facing financial strain from past disasters.

Furthermore, the resolution notes the delayed federal response to Hurricane Sandy compared to other disasters, which has exacerbated the challenges faced by affected homeowners. It calls for legislative and regulatory actions to enhance subsidies for flood insurance premiums, particularly for those who have experienced frequent losses. The resolution aims to alleviate the financial burden on homeowners in flood-prone areas and seeks to ensure that they receive the necessary support to recover from disasters. Copies of the resolution will be sent to key federal officials to advocate for this cause.