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 fund toward bankruptcy rather than actuarial soundness. Is that fair?
Senator Shelby questions the sustainability of the flood insurance fund after catastrophic events.
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I call up my amendment No. 5418 and ask that it be reported by number. The PRESIDING OFFICER. The clerk will report. The legislative clerk read as follows: The Senator from Alabama [Mr. Shelby] proposes an amendment numbered 5418 to…
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