Political Quotes

“Mr. President, today I am reintroducing the State Flood Mitigation Revolving Fund Act of 2019 along with Senators Kennedy and Menendez. The purpose of our bill is to reduce flood risk and the costs associated with flooding by establishing a State revolving loan program to fund mitigation projects for property owners and communities that participate in the National Flood Insurance Program. By funding projects that reduce risk, such as home elevations, flood proofing, acquisitions, and environmental restoration, the bill also provides an avenue to help middle-income and low-income property owners reduce their flood insurance premiums. It is a proposal that has been endorsed by over 200 local and national organizations, including the Pew Charitable Trusts, Association of State Floodplain Managers, National Association of Mutual Insurance Companies, the Property Casualty Insurance Association of America, the Nature Conservancy, the Union of Concerned Scientists, the U.S. Resiliency Council, and others. Flooding is the most costly hazard facing American property owners. With increasing frequency we see news stories of catastrophic flooding in communities across the Nation.…”