On the recordDecember 19, 2013
Mr. President, in response to the Senator, the Florida delegation is clearly united in recognizing that if you cannot sell your home because you cannot get a mortgage, because the bank requires flood insurance, and you cannot afford the flood insurance, the real estate market starts to dry up. In a State such as Florida, the real estate market is one of the main economic engines that fuel the ability of people to have work and to be able to support their families. As a result, we are seeing in places along the coast with--taking examples: That was a tenfold increase from 4,000 to 44,000, a flood insurance premium, told by the Tampa Bay Times. It is not only ridiculous, it is stunning to the point that people cannot believe something is facing them in their personal lives with their homes that could be so easily taken care of if we could get the approvals to get the legislation we already have 60 votes or more for. They cannot believe people are opposing bringing up this legislation to fix what is so obviously in need of fixing.