Political Quotes

Richard Shelby: “But if we do not get--first, define what actuarially sound means, and get to this, it seems to me that every time there…”

On the recordJune 8, 2011
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?
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Senator Shelby questions the sustainability of the flood insurance fund after catastrophic events.

Share

More from Richard Shelby

May 16, 2022

Russia's launched multiple hypersonic weapons as part of their invasion of the Ukraine and China is continuing to develop its own hypersonic weapons.

congress.gov
May 25, 2022

A lot of people, including this Senator, believe that the request is not enough considering the problems in the world.

congress.gov
May 25, 2022

The Department of Navy has played and will continue to play a critical role in the defense of our Nation.

congress.gov
May 16, 2022

I remain concerned that the Air Force budget request is insufficient considering the needed modernization across the inventory with a rapidly evolving threat.

congress.gov

Other voices in this conversation