CFA strongly supports Congress taking steps during this reauthorization process to allow private insurers to assume a significant amount of flood risk. However, involving the private insurance market on flood insurance requires careful planning. H. R. 2874 would expose consumers to unfair insurance practices and expose taxpayers to more risk for reasons we explain in this letter. Any increase in the role of private insurers must be accompanied with robust consumer protections. Therefore, we strongly oppose H.R. 2874.