On the recordNovember 19, 2013
I thank the good Senator from Louisiana. I am very pleased to join in this colloquy with my cosponsors of this very important piece of legislation. This is about affordability of home ownership. The American dream is about home ownership. It always has been, and we want to make sure that continues. So it is about affordability, but it is also about getting it right. Look, if we are going to reset flood insurance rates, we need to get it right. This affects people across this great Nation. It affects their ability to own and continue to own their own home. We need to make sure, as we make this transition, which we are all working on--we are all working on it--that we get it right. So that is why we see this bipartisan legislation, and we urge our colleagues to join us in this effort. This is about home ownership, this is about affordability, and this is about getting it right. To the point the good Senator from Louisiana just made and as the Chair knows well, in the great State of North Dakota we have the Red River Basin, the Cheyenne River Basin, we have the James River Basin, we have the Missouri River Basin, the Devils Lake Basin, and more. So we know flooding, and we have seen it from year to year. There are a number of provisions in this bill which the Senator has already identified which are critically important, and I will not repeat those, but I wish to focus for a minute on the basement exemption.…
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