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On June 19, 2017, more than a dozen business groups sent a joint letter to the White House expressing concern over reports of an effort to repeal the Federal Flood Risk Management Standard (FFRMS). From 1980 to 2013, flooding caused more than $260 billion in damage in the U.S. At its core, the FFRMS is a responsible, multi-layered risk management approach that ensures federal resources are spent wisely and efficiently to safeguard the nation’s infrastructure, protect businesses and communities, and conserve taxpayer resources. Without the FFRMS, disaster relief and recovery policies will allow for unprepared communities to build unwisely and subsequently rely upon federal help when flood disasters hit. The groups asked the Administration to keep this important policy in place.

Read the letter.