Political Quotes

“If the distinguished Senator would yield, I would be pleased to respond. It is a fact that the Homeowner Flood Insurance Affordability Act, which we are discussing, seeks to protect homeowners from increases in the cost of flood insurance premiums until the administration reviews and reports to the Congress on the flood mapping technologies, methodologies, and insurance affordability that are being issued under the authority of existing laws. One problem we are concerned about is that the program was supposed to protect taxpayer investments, communicate perceived flood risks to homeowners, and encourage communities to protect themselves against flood risks. The reform legislation enacted in 2012 made some positive changes in the program. Today some of those changes are now working in opposition to the broader goals of reform; hence, the importance of this legislation. These shortcomings existed in the law and they actually threaten to weaken the National Flood Insurance Program. The success of flood insurance is so important to many inland and coastal States, such as mine and Louisiana, the State of the distinguished Senator. Communities there continue to work to overcome damages caused by the greatest natural disaster in our Nation's history, the effects of the Deepwater Horizon spill in 2010 and now skyrocketing flood insurance premiums.…”