Sean Duffy: “I want to thank the gentleman from Alabama for yielding. First, I want to make a comment about how this process has gone…”

“I want to thank the gentleman from Alabama for yielding. First, I want to make a comment about how this process has gone in coming up with this compromise with the amendment on the flood insurance package. We have worked in the Financial Services Committee with outside groups, whether it was the home builders or the realtors or the insurance industry. We have worked with Members of Congress from the Gulf States and from the East Coast and from the West Coast. We worked with Democrats. We had a number meetings with the ranking member of the committee, all taking in their consideration, which has brought us to a compromise that I don't know that anybody loves, but everyone says is a pretty darn good bill that strives to make needed reforms in a program that hasn't been working well. When we have programs that don't work well, let's try to fix them. We have a program that, as was just mentioned, is $25 billion in debt, but that doesn't include the $16 billion we just gave the program and forgave. So really, it is $41 billion in debt. So when do we think through the policies of a program that continues to run deficits, number one, but, number two, continues to incentivize people to live in harm's way? I was down in Houston and I got to see a family who was talking about their next-door neighbor whose house was burning down.…”