Urges Congress and the President of the United States to increase subsidies for federal flood insurance.

ACR 98 is a New Jersey legislative resolution urging Congress and the President to increase federal subsidies for flood insurance premiums under the National Flood Insurance Program (NFIP). It specifically targets homeowners in flood-prone areas of New Jersey who have faced frequent disasters like Hurricane Sandy and potential premium increases of 500% or more due to FEMA floodplain changes. The resolution requests Congress take "all appropriate legislative and regulatory action" to restore subsidies, particularly for property owners with repeated losses. As a concurrent resolution, it does not create new law but formally requests federal action.