On the recordJanuary 4, 2013
But Sandy has hit before many of these provisions could take effect. As chairman of the Financial Services Committee, I wish to inform all Members in this Congress our committee will take up legislation to transition to a private, innovative, competitive, sustainable flood insurance market, one that serves the needs of all of our countrymen but ends the unsustainable taxpayer bailouts once and for all. A great fiscal tragedy of today should never become an even greater fiscal tragedy for our children tomorrow.
