Luetkemeyer: “For the last several years it has been a regulatory onslaught for them, and part of it is banking regulation, which…”

Do you think it would be a good idea for us as legislators to look at doing this in other areas of government, where we could pass off some of the risk to the private sector versus having taxpayers take on all this risk?

It seems to me that you need a tiered system here. If you have a small business, you need to have a different set of rules that you have to comply with versus the big guys.

Just a reminder to the committee that getting into the personal business of the President, as well as Mr. Trump, is inappropriate for this committee.

I have been an advocate for a long, long time of reinsurance to be able to minimize the taxpayers' exposure on flood insurance.