On the recordJanuary 30, 2014
let me be clear that my amendment simply clarifies existing law. I am trying to provide some clarity that private flood insurance can be a viable option for homeowners and businesses. Private insurers are already subject to regulations in each and every State by their insurance commissioners, and those insurance commissioners are the best regulators for ensuring proper consumer protection. So I ask my colleagues to support the Heller-Lee amendment so we can provide the American people with more competition, higher quality, and less cost when it comes to flood insurance. The PRESIDING OFFICER. The Senator from New Jersey.
