Political Quotes

On the recordMarch 13, 2014
when Hurricane Betsy roared ashore in Grand Isle on September 9, 1965, it wrought havoc in Louisiana and Mississippi and became the first natural disaster to cost American taxpayers more than $1 billion. It fundamentally changed the way our nation prepared for and responded to disasters. Private insurers fled the market, making it necessary for the federal government to step in and help communities rebuild and recover. The National Flood Insurance Program established building standards for flood prone areas to limit communities' exposure to flooding and rewarded responsible homeowners with affordable flood insurance that was no longer available in the private market. In response, Congress, led by Hale Boggs, passed the National Flood Insurance Act of 1968 with the explicit goal of making ``. . . flood insurance available on reasonable terms and conditions . . .'' Affordability was one of the primary goals of the National Flood Insurance Program when it was created, and it remains an essential priority today. Unfortunately, affordability was virtually eliminated by the 2012 NFIP reform legislation known as Biggert-Waters, and we had to fight to get it reinstated in the compromise bill that cleared the House last Wednesday, March 5 with a strong, bipartisan vote of 306-91.…
Said by
Mary Landrieu
Democratic · Louisiana
Source
govinfo.gov
Mar 13, 2014

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