This new law will also permit us to improve our post disaster assistance programs by substituting insurance indemnification-speedy, direct, and with minimal red tape--for the current system of disaster loans.
Statement on Signing the Flood Disaster Protection Act of 1973.
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This legislation exceeds my budgetary recommendations by such a large amount--some $540 million--that it presents a clear and distinct threat to our fight against inflation and cannot be accepted.
I further urge all students in our country to acquaint themselves fully with their own student government associations and to play a constructive role in contributing to their success.
Further study is essential if we are to avoid ineffective Federal spending for these purposes.
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