05/18/2011
https://www.congress.gov...
"The severity of this year's weather highlights the need for the National Flood Insurance Program to be reauthorized and placed on a sustainable path."
"I totally agree with that. Either you buy it or you get no Federal assistance."
"Now, if you are not going to charge for the risk, who is going to be charged for the risk?"
"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.'"