Richard Shelby actually said...

"In the Flood Insurance Program as we currently have, and we keep kicking the can down the road, it is basically, one, broken, and it is very flawed, is it not?"

"It is my understanding that FEMA has created a new category of what you call grandfathered categories for homes that have been mapped into riskier areas."

"And how do we change the distribution of the risk? Do we do that by mapping and by identifying and broadening the amount of money coming in? How do we do that?"

"But if we do not get--first, define what actuarially sound means, and get to this, it seems to me that every time there is a catastrophic event and you are hit with everything, that it is leading the ..."