In a letter to the Senate Banking Committee, CFA Director of Insurance J. Robert Hunter urges opposition to H.R. 2901, the Flood Insurance Market Parity and Modernization Act as passed by the House and similarly urges opposition to S. 1679, introduced in the Senate. Changes made to H.R. 2901 in the House do not adequately address the risks posed to consumers and taxpayers. S. 1679 and H.R. 2901 are flawed measures that are in need of significant changes to adequately protect consumers and taxpayers.