Homeowners' Defense Act of 2007

HOMEOWNERS' DEFENSE ACT OF 2007 -- (House of Representatives - November 08, 2007)

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Ms. WASSERMAN SCHULTZ. Mr. Chairman, I rise today in support of the Homeowners' Defense Act of 2007.

Over the past few years, most Americans have witnessed devastating images of natural catastrophes strike our fellow citizens, from wildfires in California, tornadoes in the Midwest, to the hurricanes hitting the Gulf States in Florida, and wondered if they might be next. Even as the recovery begins after these disasters, for many, a new nightmare of rising insurance rates and dropped policy coverage begins. However, thanks to the sponsor of the Homeowners' Defense Act of 2007, Congressmen Ron Klein and Tim Mahoney, many homeowners across America will be spared a similar nightmare. This bipartisan bill, and it is good to see my colleagues on the other side of the aisle from Florida here as well, this bipartisan bill provides a critical tool that will help provide a fair and equitable solution to this crisis.

I cannot think of an issue that is more important to the economic survival of the homeowners of my State of Florida than dealing with the homeowners insurance crisis. Thank you, Congressmen Klein and Mahoney, and thank you to Chairman Barney Frank for bringing this bill to the floor today. It has been a long time in coming.

I urge Members to support it.

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