Steve Stivers: “I would like to thank the gentlelady from Illinois for yielding me time. I'd like to thank her as chairwoman of the…”

“I would like to thank the gentlelady from Illinois for yielding me time. I'd like to thank her as chairwoman of the Subcommittee on Insurance and Housing for the Financial Services Committee for her incredible bipartisan effort that she led on this bill, along with Members of the other side, including the gentlelady from California and the gentleman from Georgia. It's been a true bipartisan effort. Obviously, that's reflected in the 402 18 vote coming out of this Chamber in May. I'm happy that the Senate has finally reached an agreement to move forward with the multiyear extension of the National Flood Insurance Program because if we don't have a multiyear extension, what could happen is it could really cause problems in our housing market. I think the gentleman from Georgia has really talked about the importance of continuity and why that's really important for people that live in a flood plain to be able to know they can sell their house and also know that somebody can buy a home that happens to be in a flood plain. I think it is important that we have accurate flood maps. This bill will ensure that we have much more accurate flood maps that have three dimensions on them, and that will result in better knowledge of where the flood plains are and where the risk is. This bill will help stop the taxpayer-funded bailouts. As you know, the National Flood Insurance Program owes $17 billion to the taxpayers.…”