On the recordMay 16, 2012
I thank the gentleman from Georgia (Mr. Scott) for managing this bill and for all of his mention of how important this is. I also would again like to thank the gentlelady from California (Ms. Waters) for being a cosponsor. Mr. Speaker, I wish we did not have to be here on the floor once again with a short-term extension of the NFIP, but this program is too important to homeowners, to the housing market, and to the communities in the flood-prone areas for Congress to let it expire at the end of the month. It is also too in debt to continue without reform. And despite our best efforts in the House, the Senate has been unwilling or unable to pass a long-term NFIP reauthorization and reform bill. As has been mentioned over and over, the House passed our 5-year NFIP reauthorization reform bill, H.R. 1309, last July with an overwhelming bipartisan majority of more than 400 votes. It also won unanimous support in the Financial Services Committee. But the Senate has not yet approved any version of flood reform. So here we are once again on the verge of a lapse in NFIP. Mr. Speaker, the time has come to stop playing games with this important program and start enacting long-term reforms now. With today's bill, we begin that process. First, it extends the program for an additional month to spare property owners and the housing market from another lapse.…





