Bob Menendez: “I rise in support of the Homeowner Flood Insurance Affordability Act, which I have sponsored with Senator Isakson. It is…”

“I rise in support of the Homeowner Flood Insurance Affordability Act, which I have sponsored with Senator Isakson. It is a bipartisan, bicameral piece of legislation to ensure that families will be able to afford flood insurance so they can stay in their homes, businesses can stay open, and property values will not plummet. This broadly bipartisan legislation will stop the most onerous and damaging rate increases while minimizing the impact on the National Flood Insurance Program's solvency. I want to thank all of those who have supported the legislation, all of our cosponsors, as well as the National Association of Home Builders, the National Association of Realtors, the American Bankers Association, the Independent Community Bankers of America, the Independent Insurance Agents and Brokers of America, the National Association of Counties, the National League of Cities, and Greater New Orleans, Incorporated, who have all endorsed our bill. I specifically want to thank my lead Republican cosponsor Senator Isakson. I have had the pleasure to work with Senator Isakson on a number of issues. I have come to respect his honesty and desire to come together and get things done regardless of the issue. I also want to thank Senator Landrieu who has been focused like a hawk on this issue for years now. She is without a doubt the Senate's preeminent expert on disaster recovery and flooding issues. The people of Louisiana are fortunate to have such a tireless champion.…”