Richard Shelby actually said...

"The Dodd-Frank Act gave the Securities and Exchange Commission a long list of rules to promulgate."

"Accordingly, it is my hope that this year we can pass a long-term extension of the flood program that includes the reforms needed to make the program 'actuarially sound.'"

"We know that most people that need flood insurance do not have it. We must explore ways to change that."

"If they were doing their job, they would not have a 50 percent insurance program."