Garret Graves: “This amendment is designed to largely address, I think, a flaw that this underlying bill addresses in the…”

“This amendment is designed to largely address, I think, a flaw that this underlying bill addresses in the cost-to-benefit ratio calculations used by the Corps of Engineers, by OMB, and others. This particular amendment is focused on emergency repairs. What this does is it allows the non-Federal entities to pay a higher non-Federal cost share for repairs to levees. There are many issues with how OMB and the Corps calculate cost-to- benefit ratios. This is a fix for emergency repairs while we work on the underlying bill for the larger fixes. Madam Chair, I want to thank Mr. Bost for offering this amendment. We are prepared to accept it. I urge adoption, and I yield back the balance of my time.”