Deborah Koff Ross

Because there is a pre-emption there that we have to be concerned with.

I am very hopeful about that.

Because the cost of compliance is one of the largest--in fact compliance officers are one of the fastest growing occupations in this country, thanks in large part to the regulatory environment that we have here.

But there must be something here that allows for some assurance that consumers can be guaranteed that the Federal Government is not going to impose new requirements that raise premiums.

Recently, I received an email from a woman in my district named Shannon. Shannon received a letter from her health care provider stating that her current health care policy did not meet the requirements of the Affordable Care Act and that…

On rollcall Nos. 594 & 595 I was unavoidably detained. Had I been present, I would have voted, ``no.'' Amendment No. 4 Offered by Texas (Ms. Jackson Lee) The Acting CHAIR. The unfinished business is the demand for a recorded vote on the…

I think what we are trying to do is to provide not only some education as to how to mitigate against these flood zones, but also to encourage a private market to come into play so that they pool some of their risk and take it away from you.

Florida has a unique relationship with the National Flood Insurance Program.

While some might feel the government should wipe its hands of the problem, I would like to note that Congress created this problem.

The NFIP is over $24 billion in debt. The business model was flawed, and the program faced elimination.

Unfortunately, the implementation of the Biggert-Waters program has proven problematic.

As I mentioned in my opening statement, I very much believe in market-based solutions for risk problems.

The intent, of course, was to make sure that we had affordable housing, that low- to moderate-income people could have access to the American dream of homeownership.

Of course, my friends on the other side say this is not a bailout. It is just policy and it is an accounting function.

You know, I never supported ObamaCare because it's not sound policy. But if my fellow Americans have to endure this law, then why should not the Congress, the President, and the Vice President endure it as well? You see, today's vote is…

You know the only thing worse right now than having the implementation of this health care law known as ObamaCare on October 1 would be the implementation of this law with special consideration to Members of Congress. And some may say…

If we are going to say that we want a private market backed, then we need to allow them to have what traditionally private markets have in providing insurance.

I still believe that in this particular situation, a TRIA bill is necessary.

But the pricing is what concerns me, because right now, we have a government backstop and my history in government backstops, as you look at the National Flood Insurance Program, and as you look at citizens' property and causality…

But you would also agree though that there is a market out there for payday loans that is not being met by traditional bank or lending institutions.

Most likely, it will go offshore. Most likely, it will go on the Internet. You are not going to eliminate the demand just because you eliminate the supply.

I firmly believe that our sovereign debt should not go unpaid, but there is a tremendous difference between borrowing money to pay for an IRS 'Star Trek' video and paying our sovereign debt.

I think it is important that we acknowledge that having a healthy debate on the debt ceiling is prudent and responsible.

So my question to you, I guess, as a result is, if we impose the bank-centric capital requirements on insurance companies, would that have done anything to have saved AIG from its financial collapse of 5 years ago?

Would it be safe to say, in my last 20 seconds, that the future is not too bright for the nonbank financial institutions in terms of having any reduction in their capital requirements?