Tim Scott

Moving from $23,600 to about $47,000, according to some studies, would cost about a half-a-million jobs in the economy.

The pioneering work of Clemson researchers in the field of tissue bioprinting and the promise of that technology in the drug development and review process is a great example of the benefits of promoting a strong classroom to lab, STEM…

I think your answer, in many ways, reinforces the necessity of using those tools that are already in the market or ready to go to market as opposed to those that are still in the development stage, actually.

In short, we are missing some opportunities.

Thank you all on the panel for your dedication and your commitment to the welfare and the health of America and American citizens.

I appreciate the Senator's questions.

So many of them did not have flood insurance, and that is the real tragedy.

Another concern of mine is that everyone has talked about the importance of mitigation...

As a Senator in 2015, we had the 1,000-year flood in South Carolina that devastated so many families.

I am not much for mandates, but is there any conversation about voluntary buybacks or something where we would eliminate that exposure?

This is very concerning to me as we want the NFIP to be there not only for South Carolina but for States all across the Nation.

The reality of it is that there are a number of heirs property where you have small structures with folks who simply cannot afford--

Having sold flood insurance for a while, I thank God that I no longer sell it.

FEMA did a pretty darn good job, so thank you for your participation and your assistance during that challenging storm.

We are in desperate need of remapping.

I would love to hear your response to the need for us to coordinate with local officials to prevent and/or absorb some of the costs associated with those changes in zoning that have an impact on others.

Does that not reinforce the necessity--and the panel can discuss this, if you would like--for nationwide mapping and for it to be as clear and accurate as possible?

I will tell you that I have spent about 15 years as an agency owner for Allstate writing flood insurance policies.

There is no doubt that most of us consider the 50 States the laboratories of our democracy, where good things happen.

Earlier you noted that there was a 1-percent drop in the unemployment rate of African Americans, which, of course, is a positive sign.

I look forward to working with you, Chair Yellen, the Federal Reserve, and other Members of the Committee to tackle some of these critical issues that I have mentioned this morning.

What do you think drives the disparity? And what effects have your policies had on that specific demographic?

It has also been nearly a decade since Fannie Mae and Freddie Mac were put into conservatorship. Housing finance reform remains the most significant piece of unfinished business following the crisis.

My goal is to work with Senators of this Committee and financial regulators to better strike the balance between smart, thoughtful regulation and promoting economic growth.

The house may be on fire, but it was on fire before we got here.