The leadership of the U.S. House of Representatives pulled H.R. 1264, the Multiple Peril Insurance Act, from a vote on the House floor today, prompting Eli Lehrer, national director of The Heartland Institute’s Center on Finance, Insurance, and Real Estate, to say good public policy had prevailed.
“Although the bill still could come up, I think that it may well be dead for the year,” said Lehrer. “For now at least, this is a huge victory for taxpayers, the environment, and sound insurance practices.”
Lehrer said the unusually broad coalition organized under smartersafer.org played a key role in the proposal’s withdrawal. “This is an example of Washington working,” Lehrer said. “Free-market groups and environmentalists worked hand-in-hand to accomplish this. And together, I think we helped the House reach the right decision.”
Lehrer can be reached at (202) 615-0586 or [email protected]