On the recordJanuary 29, 2014
Mr. President, I come to the floor of the Senate today to speak on the importance of passing the Homeowner Flood Insurance Affordability Act. I am a cosponsor of this legislation because without it millions of homeowners across the country will see significant increases in their flood insurance premiums. Homeowner insurance protects a family's investments from damages and losses that come as a result of accidents or tornadoes or burglaries, but that same homeowner policy, as we all know, does not cover damage resulting from floods. Sadly, too many Americans learn of this gap in their policy after it is too late. In recognition of this major gap in coverage, Congress created the National Flood Insurance Program in 1968 to give homeowners and businesses protection in the event of a flood, and this program has helped them to protect their property, their families, and their livelihoods. All regions of America are susceptible to flooding. We see it with seasonal rains, hurricanes, and thunderstorms, and it is a powerful force of nature we cannot escape. When you have flood insurance, you have the peace of mind that the tools to help you rebuild will be there for you. For Minnesotans who live in areas susceptible to flooding, the flood insurance program is absolutely vital. Each spring in northwestern Minnesota, we know the Red River of the North will top its banks and the flood waters will threaten Moorhead, MN, and Fargo, ND.…





