Richard Shelby actually said...

"Where was the leadership of the Enforcement Division not just in Fort Worth but at the SEC here?"

"this program is broken, it is not actuarially sound? It is not going to be actuarially sound unless we do massive reforms starting with mapping and getting into something that is actuarially sound."

"It is my understanding that the National Flood Insurance Program's goal of fiscal solvency... is defined as charging premiums that will generate enough revenue to cover a historical average loss year."

"There is data there if you can put it all together, and it looks like with all of the software that we have today, that could be put together if there is the political will to do it."