I want to thank Congresswoman Waters, the ranking member. Oftentimes in this body, we talk about leadership. Leadership is what Congresswoman Waters did after Hurricanes Katrina and Rita; but, more importantly, 4 years ago, when the threat of new flood policies were going to make people pay the cost of their home every 5 years, we were talking about paying 20 percent of the value of your home in flood insurance every year, she came down to Louisiana and met with Louisiana citizens. She didn't come to the urban areas, although she passed through, but she went to the rural areas, talked to middle-income families to figure out how flood insurance reform would hurt them. What she found out is that it was going to cause more families to just turn in the keys to their house and give their homes back to the mortgage company or declare bankruptcy so that they can just get by. This bill is a lot better than the bill that was in committee, and I want to thank the chairman and my colleagues from Louisiana, Mr. Scalise and Mr. Graves, for making it a better bill. But when we are talking about homeowners, the most responsible people in society who have now purchased their piece of the American Dream, when you have people who played by the rules, bought the home of their dreams, you don't change the rules halfway to say: Hey, we know this was the rule when you bought the House, but now it has changed, and all of a sudden that $500 in insurance you pay a month is now $1,500.…
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