Bob Menendez

I am not talking about households with bad credit who cannot afford a loan in the conforming market.

I believe that your organization has sent him a similar letter, as well as others.

The potential for default actually cost taxpayers money.

$20 billion just for moving up to the deadline and not crossing over it, but $20 billion.

I believe both must be achieved.

That really means that threatens the national security of the United States

If you have availability but not affordability, you do not have availability.

A shutdown of Government in the United States is not a shutdown of American interests and obligations abroad.

I sincerely hope that the shutdown ends soon so that we are truly able to do so in the runup and as these negotiations proceed.

I must note here, if I may, Mr. Chairman, to take an extra moment and note, however, our ability to do that--to enforce sanctions, to stop sanctions invaders--is being hampered significantly by the shutdown.

In your 2013 Terrorism Risk Insurance Report, you predict that without a Federal backstop, the cost of terrorism insurance would rise for areas with concentrations of people or economic assets.

The TRIA backstop is critical to inducing those workers' compensation carriers to, in fact, provide that cover.

I do not think that, personally, from my perspective, that is still not possible in the world in which we live in.

I have been a strong advocate of, because, really, after September 11, we had a disruption in the marketplace.

I was very much one of those voices who said we should have some degree of subsidies.

I hope you will work with the legislative elements, and I also hope that you will work with us on the affordability questions and on the insurance.

I am trying to get a sense of why we would not keep this for a period of time longer.

I hope one of the elements you are going to look at is, number one, how do we maintain those elements of redundancy.

I still hear it today, nearly a year later, and I think Senator Schumer may as well back in New York, as well as others, that we still have people finding the challenges of getting access to these resources to be able to rebuild their…

They are facing a triple whammy.

The question in my mind is who drives us to the point that it becomes the standard operating procedure, and that is where I am concerned for the task force.

The challenge of a natural disaster is one thing. The challenge of a potential man-made disaster is another.

We will continue to do that work until we get the job done.

I do hope that you will work with us on both looking at the legislative elements of this that may be necessary to get us to the point of being better prepared for any future storm.

Money is beginning to flow, when people are looking at nearly a year after the storm and money is beginning to flow, it speaks why we need to find a process that is safe and secure in terms of making sure that there is not fraud, but by…