On the recordJuly 8, 2024
Madam President, I happen to know you are from Mississippi, and so as I speak about flood insurance, I suspect there are people in Mississippi whom you know or, perhaps, are related to who can relate to that which I describe. I am speaking specifically about the uncertainty felt by those who rely upon flood insurance as we enter hurricane season. Unfortunately and tragically, we actually have a real, live example of this as Hurricane Beryl has hit an area that was devastated by Harvey just a few years ago. And anyone along that gulf coast who is dependent upon flood insurance to rebuild--and their premiums just rose--have now been hit by Beryl, and they can anticipate their premiums rising once more. A program that is supposed to give security, instead, is creating anxiety. It isn't just the people who flood because some people who don't flood and who have never flooded will see their premiums rise as well. Why? It is because of the way that this program is being implemented. Let me say that Louisiana stands with Mississippi; Louisiana stands with Texas; and we stand with all parts of the Nation that will suffer under the way that this program is being implemented. So let me put up my first floor chart. We have the National Flood Insurance Program--or NFIP, as we call it--as a safety net for homeowners after a storm. It protects them from being financially wiped out by a hurricane or any other act of flooding. But this year is different from past years for two reasons.…





