On the recordSeptember 29, 2023
Mr. President, reserving the right to object, the process is similar to what has been described but not exactly as has been described. The bill is sent out, everybody gets a chance to object. People who choose to object can come, that is also announced. The objections are announced, and we come to the floor. If the Senator wanted to work together on this, this could be modified today and someone else would have to come to object, and that is announced to all 100 Senators and often works that way. But, today, what we have is a situation where I am offering an amendment to reform taxpayer- subsidized insurance, and it is being rejected by one Senator, not by all Senators, not in place of all Senators. They have a chance to come, it has been announced, they can come and object to this if they wanted. But here is the thing, what I am trying to do is modify a program so that the average ordinary taxpayer does not have to pay for rich people's flood insurance for their beach houses. About half of the houses that are insured in this program that loses billions of dollars every year, that is $20 billion in the hole, about half the homes are worth $500,000 or more. Do you know any regular working folk that have $500,000 homes on the beach? No. If you have a $500,000 house on the beach, buy your own damn insurance. The taxpayer should not have to buy your insurance.…
Source
govinfo.gov




