We can no longer settle for the status quo of a flood insurance program that crowds out the private sector in order to subsidize insurance premiums for a few Americans at the expense of the rest of the country.
Neugebauer emphasizes the need for reform in the flood insurance program.
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So I want to salute, Mr. Chairman, Mr. Barr for trying to make it very simple and easy for these banks to continue to lend credit throughout our economy.
Its actions have demonstrated a lack of transparency and a lack of accountability.
The identification of nonbank systemically important firms is a serious exercise that has major implications for the competitiveness of U.S. firms and the stability of our financial markets.
Thank you, Mr. Chairman, for holding this important hearing titled, 'Why Debt Matters.'
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