[Congressional Record Volume 163, Number 164 (Thursday, October 12, 2017)]
[House]
[Page H8015]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
{time} 1600
HURRICANE RELIEF BAILOUT
(Mr. ROTHFUS asked and was given permission to address the House for
1 minute and to revise and extend his remarks.)
Mr. ROTHFUS. Madam Speaker, buried in today's disaster supplemental
spending bill is a $16 billion taxpayer bailout of the National Flood
Insurance Program. That is nearly half the cost of this bill. This
bailout does not come with a single reform that would put the program
on the path to sustainability.
This taxpayer bailout maintains a program that has resulted in
taxpayer-subsidized development and reconstruction of homes that
repeatedly flood.
Madam Speaker, why are we not reforming this program that puts
residents and first responders in harm's way? How much more debt are we
willing to let this program pile onto the next generation?
Americans in Texas, Florida, Puerto Rico, and the Virgin Islands need
help, and I would have liked to vote for the relief portion of today's
legislation, but the multibillion-dollar taxpayer bailout of an
unreformed program made the bill unacceptable.
I urge my colleagues to reconsider the path we are on. We could have
had a bill that not only provided relief to hurricane victims, but
would have provided relief for taxpayers and the next generation as
well, but we did not.
We will get another chance for fiscal sanity in December, when we
reconsider the additional disaster funding and funding for the rest of
2018. Let's hope we make better progress at that time.
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