11/03/2015
https://congress.gov...
"I agree. And I have legislation that would forgive the legacy debt."
"a 2022 study found that worsening climate change has more than tripled the risk of a trillion-dollar megaflood in my own State of California compared to a century ago."
"we have not only seen life-threatening flooding that took down trees and inundated cars, but we also have seen significant snowfall that has led to destructive floods."
"this could mean that NFIP may take on additional debt in the future, but the program is already saddled with legacy debt from Hurricanes Katrina and Sandy."