I rise to join my colleagues in urging support for S. 1610, the Homeowner Flood Insurance Affordability Act of 2013. This is a bipartisan bill that will help homeowners across our country who are getting hit with the newly revised flood maps and increased flood insurance premiums. I am very pleased to join colleagues on both sides of the aisle to call for this commonsense delay which gives FEMA time to get this right. I thank Senator Menendez who has been a tremendous leader, Senator Isakson, Senator Landrieu, who has gotten in there and gotten us all mobilized, Senator Cochran, many others of the cosponsors of this bill for their leadership and their commitment to work on this important issue. I also thank my partner in all things, Senator Markey, for the work he has done on this bill and for giving me the chance to speak first here so we could get going. Families purchase flood insurance to prevent the loss of their homes. But now many families fear that the price of flood insurance could be just as devastating as any storm. You cannot protect someone's home by pricing them out of it. Yet that is exactly what is taking place around the country. Congress changed the National Flood Insurance Program to move toward a more market-based system that more accurately reflected the true cost and risks of flood damage. This is a well-intentioned bill, but, unfortunately, homeowners are being blindsided by high rate increases and new flood zone maps.…
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