It is really, at a basic level, about good jobs for our constituents, growing the economy, and... really looking at the decline of the middle class.

Mr. Speaker, I thank the gentlelady from West Virginia for yielding. Mr. Speaker, we have a flood insurance program that is broken. In fact, 18 different times in the last 5 years the National Flood Insurance Program has either expired or…

Price competition is going to give the taxpayers a lower cost, is it not?

When there's no competition, a monopoly situation or anything close to it, buyer beware.

It's not; it's categorically not a subsidy.

I think you can tell from the opening statements that this is a subject that I've found challenging to the committee and to Congress that really called for a much different approach in hearing.

Thank you very much, Ms. Chaplain. We will have some questions.

Mr. Chairman, if you keep cutting these budgets, we're going to be laying off the best workers in the world.

What I hear from Mr. Musk is that he doesn't need that cost-plus item. He doesn't need that subsidy in order to compete with you.

So I understand, for clarity here, you're saying that you have warehoused or stockpiled engines for 2 years' possible launches?

Delivering national security satellites safely to orbit is one of our more important national security missions.

We're talking about competition, real competition. And if you can get it, it's the best thing in the market.

Let's put some competition at this. That's the American way. That's the free market.

I want to thank all of you for being with us, Dr. Pace, Mr. Musk, Mr. Gass, and Ms. Chaplain.

Mr. Speaker, I rise today as an original cosponsor of H.R. 3370, the Homeowner Flood Insurance Affordability Act of 2014. Over the past decade, the National Flood Insurance Program has bordered on insolvency, and today it is over $24…

I want to thank Congresswoman Chu for her leadership on this amendment.

Concerns across the construction industry from subcontractors and prime contractors have been raised about the effectiveness of reverse auctions.

While money can be saved in the short term, the quality of projects and the contractors are often questionable.