Every $1 invested in hazard mitigation results in $13 saved.

This law creates a great incentive for states to proactively fund mitigation measures.

That is why I support increasing the set-aside for the BRIC program, from 6 to 15 percent.

Disasters cost taxpayers billions of dollars each year. Last year, climate and weather-related disasters caused over $92.9 billion in impacts nationwide.

Fleet electrification is not only good for the climate; it is critical to enhancing the nation's economic competitiveness.

Investment in the U.S. maritime industry is long overdue.

Now is the time to strengthen and support that industry.

I am disappointed that the President's budget includes a 35 percent cut in funding for the Port Infrastructure Development Program.

I hope to work with MARAD to ensure all applications are processed in a timely fashion as required by law.

I want to commend Admiral Phillips and MARAD for their work in awarding the Bipartisan Infrastructure Law funding as well.

I, too, want to take a brief opportunity to express sadness at the loss of my friend and colleague, Don Payne, Jr.

I look forward to hearing from Chairman Maffei today on the status of FMC's efforts.