Requires the director of the Rhode Island emergency management agency and the Rhode Island commerce commission to develop and implement a plan to assist businesses in obtaining flood insurance through the National Flood Insurance program.
Impact
The bill's enactment would facilitate access to flood insurance for businesses, thereby contributing to the resilience of local economies in Rhode Island. By providing a structured approach to securing flood insurance, the bill aims to mitigate financial losses associated with flooding events. The implications of this legislation are significant for businesses located in flood-prone areas, enhancing their preparedness and response capabilities in emergency situations.
Summary
House Bill 5727 seeks to amend Rhode Island's laws governing emergency management by requiring the director of the Rhode Island emergency management agency and the Rhode Island commerce commission to collaborate in developing and implementing a plan to assist businesses in obtaining flood insurance through the National Flood Insurance program. This initiative is particularly relevant given the state's vulnerability to flooding and aims to provide businesses with greater security in the face of potential disasters.
Contention
While the bill presents a proactive approach to flood management, its success will depend on effective collaboration between the emergency management and commerce sectors. Stakeholders may raise concerns regarding the adequacy of resources allocated for the development and implementation of the flood insurance assistance plan, as well as the broader economic implications for businesses. There may also be discussions regarding the specific criteria used to determine which businesses receive assistance, highlighting the need for transparency and fairness in the execution of the program.
JOINT RESOLUTION RESPECTFULLY REQUESTING HEALTHSOURCE RI (HSRI) TO CONVENE A WORKING GROUP TO STUDY THE ISSUE OF AFFORDABILITY OF COVERAGE IN THE RHODE ISLAND HEALTH INSURANCE INDIVIDUAL MARKET AND TO PROVIDE RECOMMENDATIONS ON THE DESIGN OF A STATE-BASED PROGRAM TO PROVIDE AFFORDABILITY ASSISTANCE TO RHODE ISLANDERS ENROLLED IN PLANS THROUGH THE HSRI EXCHANGE
JOINT RESOLUTION RESPECTFULLY REQUESTING HEALTHSOURCE RI (HSRI) TO CONVENE A WORKING GROUP TO STUDY THE ISSUE OF AFFORDABILITY OF COVERAGE IN THE RHODE ISLAND HEALTH INSURANCE INDIVIDUAL MARKET AND TO PROVIDE RECOMMENDATIONS ON THE DESIGN OF A STATE-BASED PROGRAM TO PROVIDE AFFORDABILITY ASSISTANCE TO RHODE ISLANDERS ENROLLED IN PLANS THROUGH THE HSRI EXCHANGE
SENATE RESOLUTION RESPECTFULLY REQUESTING HEALTHSOURCE RI (HSRI) TO CONVENE A WORKING GROUP TO STUDY THE ISSUE OF AFFORDABILITY OF COVERAGE IN THE RHODE ISLAND HEALTH INSURANCE INDIVIDUAL MARKET AND TO PROVIDE RECOMMENDATIONS ON THE DESIGN OF A STATE-BASED PROGRAM TO PROVIDE AFFORDABILITY ASSISTANCE TO RHODE ISLANDERS ENROLLED IN PLANS THROUGH THE HSRI EXCHANGE
Creates the Rhode Island baby bond trust to provide investment funds to children born to families with public health insurance or no insurance living in Rhode Island.
Creates the Rhode Island baby bond trust to provide investment funds to children born to families with public health insurance or no insurance living in Rhode Island.