Political Quotes

“Mr. Speaker, I rise today in support of H.R. 208, Superstorm Sandy Relief and Disaster Loan Program Improvement Act of 2015. I appreciate the support and assistance of both Chairman Chabot and Ranking Member Velazquez to include my legislation, H.R. 2397, the Tornado Family Safety Act of 2015 as part of this legislation. The Small Business Administration is currently afforded the authority to issue physical disaster loans for 120 percent of the value of property destroyed but not covered by insurance. The purpose of the additional 20 percent is so that individuals and business can modify structures to reduce damage from future disasters. In Oklahoma, the threat of tornadoes is ongoing, and we are always in between tornadoes. Planning is essential in order to militate against damage and loss of life. It is for this reason that Section 4 is necessary. It reinforces the intent of Congress that already exists in statute--the SBA should already be including the construction of safe rooms as a use for physical disaster loans because it is mitigating measure. The SBA's existing interpretation of existing language in the Small Business Act is incorrect.…”