Jeff Merkley actually said...

"Is it upon a 1-year renewal, they get a 1-year policy, then upon renewal of that policy, their rates will go to the unsubsidized?"

"Am I correct in believing that if a family has to pay $1,000 more a year in flood insurance, one of the costs, if you will, that is essentially equivalent to dropping the value of the home $20,000 sin..."

"I thank very much my Vice Chair, Senator Heller, for being very supportive of holding this hearing."

"Chairman Merkley. So I would toss out the idea that I will be happy to follow up with subsequent to this hearing..."