On the recordDecember 19, 2013
I want to echo the outstanding words of my colleagues from both Florida and Louisiana. They echo the views of many. Everyone says the public is exasperated with the Congress. Our approval ratings are low. They are. Why? It is simply because when huge problems occur that affect ordinary people, we seem paralyzed. What is happening with flood insurance embodies what I am talking about. Average homeowners who purchased flood insurance through the years for $800, $1,000, are now being hit with bills of $4,000, $5,000, $6,000. If you are rich, that is nothing. But the vast majority of people who have flood insurance, whether they live on the oceans in my State or the State of the Senator from Florida or on the gulf of the State of the Senator from Louisiana or on the bodies of water such as the Mississippi or Missouri Rivers, are not wealthy people. You tell them all of a sudden out of the clear blue they have to pay $4,000, $5,000, $6,000 for flood insurance, they do not know what to do. It is a crisis for them. They say to us: Congress, fix this. This is what we are supposed to do. So in their wisdom, the Senator from New Jersey, the Senator from Louisiana, the Senator from Georgia, the Senator from Florida, myself, many others have come up with a proposal that says: We know flood insurance is broken, but we do not want to see it broken on the backs of average homeowners.…





