On the recordOctober 23, 2013
I thank my colleague from New Orleans, Mr. Richmond, for bringing this amendment forward; and, of course, what we are trying to do is just put an additional reform in place to make sure that when a cost-benefit analysis is done, it truly reflects the value of those projects, especially as we are talking about flood protection and hurricane reduction projects, in many cases, where local governments are doing a lot of the work themselves to protect not only people and communities, but also vital energy infrastructure. Of course, having the value of that infrastructure, as my colleague from New Orleans pointed out, even when we see a storm enter the Gulf of Mexico, and as rigs in the gulf are evacuated, we see immediate increases in the price of gasoline all across the country. So we ought to be encouraging those local communities to be building up and strengthening their flood protection, whether it is coastal restoration, where our State of Louisiana has actually dedicated the lion's share of all of the offshore oil revenues our State will ultimately start getting in 2017, to make sure that that money is dedicated to restoring our coast, literally, where you have the State putting hundreds of millions of dollars of its own money where its mouth is to protect those resources.…
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