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Public Statements

Temporary Increase in Borrowing Authority for National Flood Insurance Program

Floor Speech

By:
Date:
Location: Washington, DC

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Ms. CLARKE. Madam Speaker, I rise today to ask all of my colleagues to support H.R. 41, a bipartisan proposal to replenish the National Flood Insurance Fund which will increase its borrowing authority and allow the program to continue paying claims from those affected by Hurricane Sandy.

Without the enactment of this bill, the NFlP might reach its ceiling and could no longer pay out claims. The families in my district and the States of New York, New Jersey and Connecticut are suffering.

Even as I am excited that we are considering this bill today, I am disappointed that there were seventy days of inaction by Congress. Congress has a history of providing assistance to the American people in times of disaster and devastation--in this country, we help our neighbors.

Since 1989, Congress has approved $290 billion in disaster relief aid. Indeed, only two weeks after Hurricane Katrina devastated parts of the Gulf Coast, Congress appropriated $62 billion in disaster aid. Those impacted by Superstorm Sandy have been waiting for more than two months, and cannot afford to wait any longer. The recovery depends on this emergency funding.

Again, I ask that all of my colleagues support the first portion of the Superstorm Sandy Disaster Relief package. Through enactment of this critical bill, many home and business owners flooded out by Superstorm Sandy will soon be able to get flood insurance payments.

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