Garret Graves actually said...

"Modernizing the PFC to at least $8.50 and indexing it to construction inflation is the best possible policy solution to this challenge."

"What they are going to do is the private insurance companies are going to come in, and they are going to cherry pick the nonsubsidized properties."

"I think if you could get a lower rate in the private sector, let's let you get a lower rate."

"Madam Chairwoman, you can look at what we have been doing with flood insurance. We have been repeatedly kicking the can down the road."