Club for Growth key votes against flood insurance bill

The conservative Club for Growth on Thursday said it would punish any senators voting for a flood insurance bill in its annual scorecard. 

The key vote announcement is not a surprise given the Club's support of the 2012 Flood Insurance Reform Act and opposition to attempts to gut it.

The National Flood Insurance Program has a history of troubled finances, and the 2012 legislation authorized premium increases. The Senate on Thursday is expected to approve a measure to rollback many of the increased premiums.

"This bill delays the much needed phase out of certain flood insurance subsidies for four years. The National Flood Insurance Program (NFIP) itself unfairly transfers risk from homeowners in flood-prone areas to taxpayers. And that risk has manifested itself in recent years to the tune of $24 billion," the Club statement reads.

"The Government Accountability Office has even deemed the NFIP as a "high-risk government program" because it keeps premiums actuarially too low. Rather than continue this unfair program that is hostile to liberty and limited government, Congress should end the NFIP and return the flood insurance industry back to the private sector."

Heritage Action said Monday it would key vote against the NFIP bill, which is sponsored by Sens. Mary LandrieuMary LandrieuYou want to recall John McCain? Good luck, it will be impossible CNN producer on new O'Keefe video: Voters are 'stupid,' Trump is 'crazy' CNN's Van Jones: O'Keefe Russia 'nothingburger' video 'a hoax' MORE (D-La.), David VitterDavid VitterYou're fired! Why it's time to ditch the Fed's community banker seat Overnight Energy: Trump set to propose sharp cuts to EPA, energy spending Former La. official tapped as lead offshore drilling regulator MORE (R-La.), Johnny IsaksonJohn (Johnny) Hardy IsaksonCongress is working to honor America’s heroes Bipartisan lawmakers can rebuild trust by passing infusion therapy bill 24 senators co-sponsor bipartisan ObamaCare deal MORE (R-Ga.), and Robert MenendezRobert (Bob) MenendezIn judge's 2010 Senate trial, Menendez was guilty of hypocrisy Excused Menendez juror: 'I don't think he did anything wrong' We don't need a terrorist attack to know diversity program has to go MORE (D-N.J.).