Making Further Continuing Appropriations for Fiscal Year 2014by Senator Bill Nelson
Posted on 2014-01-15
NELSON. Madam President, I wish to speak on another matter
pending in front of the Senate, the flood insurance bill.
I wish to say that Senator Landrieu has been a real champion here. We are still insisting that we be able to bring up the bipartisan bill to delay for several years the flood insurance hikes. In my State, where 40 percent of the policies are, we have seen spikes by tenfold of the rate on the flood insurance policies.
Thank goodness there was in this omnibus appropriations a provision which would provide some partial relief for some homeowners facing huge rate hikes. The estimate is it would only cover less than a quarter of all the flood insurance policies being affected by the huge rate hikes. That is why we need to move forward with passing the broad bipartisan bill which will delay these hikes for several years while FEMA does an affordability study. I told Senator Landrieu earlier that I wanted to come in and support her in comments she made earlier today.
Madam President, I yield the floor.
The PRESIDING OFFICER. The Senator from Maryland.