Political Quotes

“Madam President, the holiday season is upon us and should be a time filled with family, friends, and joy. But this year, it is filled with financial anxiety for many Americans. They are struggling to pay for their groceries, to heat their homes, struggling with property and casualty insurance. But I am here to speak to those who are struggling to afford flood insurance. For over 50 years, Americans have relied on the National Flood Insurance Program, or NFIP, to be a safety net in case of disaster. The program covers 4.7 million homes, but the program has become unaffordable, unaccountable, and unsustainable. And without congressional approval, FEMA worsened this by implementing a new risk assessment program called Risk Rating 2.0. This program dramatically increased premiums, even for those who had never flooded, and the skyrocketing prices brought on by Risk Rating 2.0 has left many Louisiana families and families in other States struggling with a financial burden. This financial strain has caused 52,000 Louisianans to drop their coverage in just 1 year, leaving them with no way to protect their homes. About half a million Americans nationwide have dropped their coverage. And this was anticipated by this Risk Rating 2.0. When the National Flood Insurance Program put it in place, they, again, anticipated that up to 20 percent of the people would drop their coverage.…”