Political Quotes

On the recordMay 15, 2012
the national flood insurance program is to expire the end of May, this month. The insurance program provides coverage for almost 6 million people who work in flood zones. It is self-sustaining. For more than 40 years it has guarded American homeowners against flood-related disasters. If the program expires, new housing construction will stall, new housing construction will come to a halt, and taxpayers will be on the hook for future disasters. We have not been able to bring flood insurance to the floor because we have had a lot of problems with Senate procedure that some believe is abusive. It has left us with so little time. As you see, I have filed cloture on two nominations to the Federal Reserve. I will file later on a judge who has been waiting for almost a year. No one believes there is enough time to pass, conference, and enact a long-term flood insurance bill before the end of this month, so under the situation we will have to do another short-term extension simply to keep the bill from expiring. Thus I will seek to pass an extension of this important program now. Therefore, I ask unanimous consent the Senate proceed to consideration of Calendar No. 366, S. 2344, which is an extension of the National Flood Insurance Program, that that bill be read a third time, passed, the motion to reconsider be laid on the table, and there be no intervening action or debate. The PRESIDING OFFICER. Is there objection? The Senator from Oklahoma.
Said by
Harry Reid
Democratic · Nevada
Source
govinfo.gov
May 15, 2012

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