08/16/2016
https://www.congress.gov...
"I think it is very important we send the right market signals for climate change preparedness as well."
"we should be either rewarded or incentivized in some ways. And the other States that do not take those actions should be penalized in some ways."
"Now, when society subsidizes private individuals taking those types of risks, that increases that type of behavior, correct?"
"OK. And, again, that is not a good thing in terms of reduction of that moral hazard of----"