re: #332 Obdicut
You’re fucking kidding me. There’s another bill coming, right? They’re not just doing that and that’s it?
House votes to expand borrowing authority for Sandy flood claims
The vote was 354 to 67.
Elected officials in New York, New Jersey and Connecticut had assailed House Speaker John Boehner for not allowing a vote Tuesday night on additional funding for people affected by last October’s storm. Friday’s vote was a prelude to another vote on Jan. 15 to make additional outlays to cities, towns and property owners affected by the storm.
—SNIP—
House Financial Services Committee chairman Rep. Jeb Hensarling, R-Texas, said during the debate Friday, “There’s no doubt that Hurricane Sandy rendered unspeakable damage to both lives and property on our East Coast. It represents truly one of the great natural disasters of recent history.”
He said, “For the victims who paid for flood insurance policies with the National Flood Insurance Program, their claims need to be paid – and paid now.”
But he added the NFIB “is beyond broke – it is taxpayer-bailout broke.”He called for reforms to the program to ensure that “taxpayer bailouts are never needed again” and to get NFIP “on a path towards actuarial soundness.” But despite some reforms enacted last year, Hensarling said, “Sandy has hit before many of these provisions could take effect.”
He said his committee would take up a bill this year “to transition to a private innovative, competitive, sustainable flood insurance market.”