Policymaking

Sen. Mike Rounds, R-S.D., suggested Tuesday that the National Flood Insurance Program should boost its insurance coverage to $427,000 in an effort to put it on sounder fiscal footing.

Republicans have opened multiple fronts against the agency, undertaking separate efforts to cut its funding, roll back past and future rules, and make far broader changes.

Any amendments to the current regulatory framework must preserve banking regulation and supervision’s vital role in the proper functioning of our economy.