On the recordJanuary 7, 2015
I thank Chairman Neugebauer for yielding and for all his efforts on this. I also appreciate the fact that he said my efforts were tireless. Chairman Hensarling, at times, thought they were tiresome. I want to thank the chairman for putting a good spin on it, but very seriously, I want to thank him for his efforts. This is a bill where a number of us started off from different positions, from different perspectives. In true legislative form, we came together. This bill that we passed in December was a solid bill. Unfortunately, it was not taken up by the Senate, but it is essential that we pass it today because, as my good friend Mrs. Maloney said, this could have a devastating effect on the construction industry and on the American economy if it is not renewed as quickly as possible. This has to be reauthorized. It is absolutely essential. I want to thank Chairman Hensarling again for his efforts throughout this. Again, it has been a long process, but we stayed at it, and I thank him for that. Obviously, I thank Mrs. Maloney and the ranking member, Ms. Waters. Also, Mr. Capuano has been a fighter on this from the start. Again, we came together. This is a bill that, as I have said a number of times, was absolutely essential after September 11, when terrorism risk insurance could not be obtained. It even became more obvious as time went on how essential it was, how we desperately need it, and we have to preserve it.…





