Lloyd Bentsen: “I yield myself 50 seconds. Let me say to my good friend that I appreciate his sincerity and the sincerity of the…”

“I yield myself 50 seconds. Let me say to my good friend that I appreciate his sincerity and the sincerity of the chairman of the full committee. But I will tell my colleagues that they estimate, that probably less than a quarter were in the NFIP program; that less than a quarter had flood insurance. They estimate that private insurance will pick up less than a quarter of the costs, and they estimate the cost is going to rise. I know we will get back to it and get money in there. But my concern is we are going to hamstring FEMA while they are trying to do this. They already have a couple of hundred million allocated to this, and they expect to do much more, to move very quickly. I know the committee did not do this because they were not concerned about Allison or trying to help, because Allison had not occurred when the committee was looking to do this.”