On the recordSeptember 29, 2023
Mr. President, reserving the right to object. Let the record show from this discussion today that the Senator has objected to any limits on taxpayer-subsidized flood insurance, any limits: 250,000; 500,000; 750,000, even 10 million. This is a program that loses billions of dollars every year. This is a program that can't work for the poor people because we have got so many rich people in it. Half of the homes in the program cost over a half million dollars. So this is a problem. This is a program that loses money every year, and the Senator is unwilling to accept any limits on this. There is this argument that somehow he is defending all the Democrat Senators who can't come here, but he could easily have said: I am not willing to object to this because these are reasonable proposals and force the Democrats to object to this. But he has taken this upon himself to defend the status quo, to defend the inclusion of $10 million mansions in this program. So I do object. The PRESIDING OFFICER. Objection is heard. The Senator from Louisiana.
Source
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