On the recordDecember 28, 2012
the Sandy supplemental appropriations bill provides $3.5 billion in funding for new construction projects through the Corps of Engineers. Part of that $3 billion is toward reducing future flood risk--not repairing present but reducing future. I talked to CRS this morning after listening to my colleague from New York. Over the last 25 years, the average participation rate was 35 percent-65 percent. No exceptions for future mitigation risks were made during Katrina. It was not 100 percent. It was not 90 percent. All this does is restore it back to what we have had traditionally. We know projects that shouldn't get funded won't get funded when we have this kind of ratio. I reserve the remainder of my time. The PRESIDING OFFICER. Who yields time in opposition? The Senator from New York.
