Andy Barr actually said...

Thank you for your forthrightness in acknowledging that there is a problem with the National Flood Insurance Program.

The program does indeed need reform, there are governance issues, and there is a lost capacity to monitor some of these insurance carriers.

If we are moving people from dependency on the government to independent, self-sufficiency, that to me is success.

I agree with your testimony there and I appreciate the Bureau's recognition of this in the exemptions as to small creditors.