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Scott G.
Republican NJ 5

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  • Temporary Increase in Borrowing Authority for National Flood Insurance Program

    by Representative Scott Garrett

    Posted on 2013-01-04

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    GARRETT. Madam Speaker, I move to suspend the rules and pass the bill (H.R. 41) to temporarily increase the borrowing authority of the Federal Emergency Management Agency for carrying out the National Flood Insurance Program.

    The Clerk read the title of the bill.

    The text of the bill is as follows: H.R. 41 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, [[Page H40]] SECTION 1. TEMPORARY INCREASE IN BORROWING AUTHORITY FOR NATIONAL FLOOD INSURANCE PROGRAM.

    (a) Section 1309(a) of the National Flood Insurance Act of 1968 (42 U.S.C. 4016(a)) is amended by striking ``$20,725,000,000'' and inserting ``$30,425,000,000''.

    (b) The amount provided by this section is designated by the Congress as an emergency requirement pursuant to section 403(a) of S. Con. Res. 13 (111th Congress), the concurrent resolution on the budget for fiscal year 2010, and as an emergency pursuant to section 4(g) of the Statutory Pay-As- You-Go Act of 2010 (2 U.S.C. 933(g)).

    The SPEAKER pro tempore. Pursuant to the rule, the gentleman from New Jersey (Mr. Garrett) and the gentleman from New York (Mr. Meeks) each will control 20 minutes.

    The Chair recognizes the gentleman from New Jersey.

    General Leave Mr. GARRETT. Madam Speaker, I ask unanimous consent that all Members may have 5 legislative days in which to revise and extend the remarks and include extraneous material on this bill.

    The SPEAKER pro tempore. Is there objection to the request of the gentleman from New Jersey? There was no objection.

    Mr. GARRETT. Madam Speaker, I yield myself such time as I may consume.

    The list of cosponsors to this legislation submitted this morning should be treated as original cosponsors, reflecting their intent to, in fact, be on the legislation when it was introduced last night.

    I rise today to continue the process of this House of seeking to aid and help those American citizens who have been devastated by Hurricane Sandy. This storm has left literally millions without power, thousands without homes, and the total area is destroyed.

    So the piece of legislation before us today is very simple. It temporarily increases FEMA's borrowing authority for carrying out the National Flood Insurance Program. And so this legislation is really vital to ensure that the homeowners in my State of New Jersey, as well as in New York and Connecticut and any other affected areas, will be able to continue to have their contractual flood insurance policies with the NFIP honored.

    So by temporarily increasing this borrowing authority, it will provide to both homeowners and insurance companies handling the claims that the Federal Government will meet its contractual obligations. People who have been devastated by the storm will be able to continue to move forward and onward with their lives.

    I want to take a moment just to commend the gentleman from New York (Mr. Grimm), who led a group of Members and other volunteers to help clean and repair some of the devastated areas. I was pleased to personally join the gentleman in their volunteer activity.

    While we witnessed much devastation and destruction, we also saw determination and friendly faces of local residents and volunteers from across the country who are committed to restoring and rebuilding this area.

    So while it's easy for Members to come to the floor and vote for a piece of legislation to help the area, it's a lot more difficult to be on the ground physically working, scrubbing, lifting, building, and cleaning. And while the Congress can and does help, it is the hard work, the grit, and the determination of the citizens of the area and the volunteers and the workers from all over the country that will ultimately be the driving force in this area.

    So to conclude, I again commend the gentleman from New York (Mr. Grimm) for his efforts, and the others around who have volunteered in this effort, and look forward to continue to work with him and others in the area, both here in Congress, for the people of New Jersey, New York, and Connecticut and the affected area.

    With that, I reserve the balance of my time.

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