Robert Menendez actually said...

"Shouldn't we be looking at how we maybe work to offset some of that ratable loss in a way that still would be an enormous savings to the program but would incentivize mayors to say, OK, let me take th..."

"It seems to me to be a perverse incentive, you know, or disincentive."

"What would happen is you would have both the Federal Government and any hope of getting the private sector back into underwriting mortgages walk away from all properties at flood risk."

"Which would be an enormous body blow to this economy that is already struggling to recover."