Judy Biggert said "With the NFIP's authorization set to expire on September 30, it's really critical that the House pass the bill and work with the Senate to shape a final commonsense reform measure. We have to avoid a recurrence of what happened in the last Congress when the program lapsed and caused turmoil in a recovering housing market. Houses couldn't be closed if they didn't have insurance and if they had a mortgage. At that time, it was simply extended without any reforms. So if there is no viable private insurance market, we're going to have to pay more. So I would suggest that we really look forward to passing this bill. Madam Chair, I now yield 2 minutes to the gentlewoman from Florida (Ms. Ros-Lehtinen)." @ PoliticalQuotes.com

On the recordJuly 12, 2011

With the NFIP's authorization set to expire on September 30, it's really critical that the House pass the bill and work with the Senate to shape a final commonsense reform measure. We have to avoid a recurrence of what happened in the last Congress when the program lapsed and caused turmoil in a recovering housing market. Houses couldn't be closed if they didn't have insurance and if they had a mortgage. At that time, it was simply extended without any reforms. So if there is no viable private insurance market, we're going to have to pay more. So I would suggest that we really look forward to passing this bill. Madam Chair, I now yield 2 minutes to the gentlewoman from Florida (Ms. Ros-Lehtinen).

Said by

Judy Biggert

Illinois

Source

govinfo.gov

Share on X Share on Facebook Email this quote