Madam Speaker, I yield myself such time as I may consume. The National Flood Insurance Program plays a very, very key role in our Nation's efforts to prevent and recover from flood disasters. Floods are now the number one natural disaster…
Madam Speaker, I yield myself such time as I may consume.
The National Flood Insurance Program plays a very, very key role in our Nation's efforts to prevent and recover from flood disasters. Floods are now the number one natural disaster in the United States in terms of lives lost and property damaged.
Now, here is exactly what the National Flood Insurance Program does:
First, it identifies areas of flood risk; secondly, it encourages communities to implement measures to mitigate against the risk of flood loss; thirdly, it provides financial assistance to help individuals recover more rapidly from flooding disasters, and it lessens the financial impact of flood disasters on individuals, on businesses, and all levels of government.
In recent years, a series of short-term reauthorizations and temporary suspensions of the NFIP have eroded confidence in the program among our stakeholders--including State government, tribal governments, local communities, individual policyholders, mortgage lenders, and the private insurance industry. In addition to disrupting the program's day-to-day operations, short-term reauthorizations and temporary suspensions--like what we're doing here in 30 days--creates significant uncertainty regarding the Federal Government's long-term commitment to underwriting and indemnifying flood losses. So in the absence of such a commitment, our stakeholders are less likely to make the necessary investments that are needed to successfully sustain, strengthen, and grow the program, thereby undermining the program's effectiveness and efficiency over time.
As my colleague, Mrs. Biggert, mentioned earlier, Congress last passed a bill to extend the National Flood Insurance Program authorization on December 23, 2011--5 months ago--as a part of the full-year omnibus appropriations bill for fiscal year 2012. Even prior to this action, we in the House took decisive action to extend the flood insurance program the way it should be by approving a 5-year flood insurance reform reauthorization bill last July that passed this House on a strongly bipartisan Republican and Democratic vote of 406 22.
Unfortunately, the National Flood Insurance Program is set now to expire May 31, just over 2 weeks from today, and guess what? June 1 also happens to mark the official start of the hurricane season in this country. This lets you know how we have got to put pressure on the Senate to act responsibly. Here we are attempting to pass a 30-day extension just 2 weeks before the devastating hurricane season starts. Urgency is necessary here. This is why reauthorizing of the National Flood Insurance Program before it expires is essential to our Nation's efforts to prevent and recover from flood disasters.
So I'm pleased that the bill that we have before us does extend the program for 30 days, but it is not a perfect bill, as I said. I believe that many in this Chamber--just about everybody in the House of Representatives--would prefer to see the Senate take up and pass our bill for the 5-year extension, H.R. 1309. Short of that, I believe that many on our side would prefer to take up a flood extension bill that will provide a clean extension.
In addition, there is the possibility--count it, with 2 weeks to go, who knows--the Senate simply may not agree to an extension that only runs 30 days and includes authorization provisions. We just learned last evening that the junior Senator from Oklahoma, Senator Tom Coburn, objected to the majority leader's request to take up and approve a clean, short-term extension bill that would extend the program until December 31, 2012. So here we are, 2 weeks before the hurricane season starts, and the flood program runs out, and still no action from the Senate.
I think it is also important to note that while this body repeatedly has voiced concern with spending, particularly with spending that is not offset with cuts, the Congressional Budget Office has indicated this bill will cost $2 million over 5 years, an amount that is not offset in this bill.
Despite some of these shortcomings, I believe it is of utmost importance that we avoid any lapse in the program. Any lapse, regardless of the duration, would cause significant dislocation in our very fragile housing market for borrowers unable to complete mortgage closings, for insurance agents that sell national flood insurance policies as a part of their business, and for insurance companies that may be forced to reevaluate their voluntary participation, our National Flood Insurance Program's own Write Your Own program. All are very vital.
Finally, we have a broad coalition of stakeholders who support the bill, who support the 5-year extension, including industry insurance trade groups, floodplain managers, the Realtors who are holding their annual conference in Washington, D.C., this week, many other groups. In addition, FEMA's Administrator, Mr. Craig Fugate, recently sent a letter to Congress urging approval of the extension. So here we are, we've got to pass this 30-day extension.
In conclusion, I just want to add that, thanks to Mrs. Biggert and to Ms. Waters, we were able to do something that was vitally needed. As many of you know, my State of Georgia was devastated with floods; and one of the things that did come out of this is, during the hardship times, very difficult for individuals to pay for the flood insurance in a lump sum. As we have made part of our extension effort, they can now pay in quarterly installments, and that's a great thing.
With that, I reserve the balance of my time.
I yield 2 minutes to the distinguished gentlewoman from California (Ms. Waters).
I yield 2 minutes to the gentleman from Texas (Mr. Hinojosa).
I yield myself such time as I may consume to respond very briefly.
There is a great urgency here. There is a very serious cry coming from the American people. That cry is saying, Help us, and the kind of help we need is to prepare for the storm before the hurricane is raging.
We live in storm alley. Now, I can tell you from firsthand experience that I represent a district in the State of Georgia where in 2010, I believe it was, we had the worst flood in over 500 years. I represent the Chattahoochee River, which overflowed. I represent one county in which we had 10 people who lost their lives, and seven of those people were from one county in my district, in Douglas County. Cobb County had losses. We got on, I guess we call it, Air Force Two with Vice President Biden, and we flew down with FEMA and Homeland Security, and we toured that place. I'm sure you all saw on CNN and Fox and MSNBC-- and on all the news stations--where Six Flags Over Georgia, the amusement park, was totally under water.
So I can speak for my community and my area as those of us in the House have spoken--over 400 strong. Why in the world the United States Senate is sitting on the reauthorization is a mystery amidst the cry coming from the American people. Now our season is on us. Hurricane season starts in 2 weeks.
Let me just tell you that I've heard from one of the individuals on the other side, and I wanted to respond to some of those concerns as to why this bill is so important.
Our reauthorization bill would require annual notifications to homeowners who are living in flood zones about the risks in their communities. Many people move into these areas, and they don't even know they're in flood zones. What we've got in this bill is that they will be notified every year. They need that information so they can make the adjustments. I mentioned the affordable insurance coverage. I need not mention the flood maps, themselves, many of which all throughout this country are outdated, that leave many of your constituents and my constituents--I hope the Senate is hearing because they're their constituents as well--at risk for flood damage without even their knowledge.
Let's hope that this message gets across to the Senate that we need action. The American people are crying for help, and we need to give it to them immediately. We've got 2 weeks to do it, and we dare not let this hurricane season come upon us with the National Flood Insurance Program's having expired.
I reserve the balance of my time.
Mr. Speaker, I reserve the balance of my time. I would inquire if the lady from Illinois has any more speakers.
Mr. Speaker, I will close with my remarks.
I'm hoping that perhaps Members of the Senate may be watching C SPAN and watching us in the House. If not, I just simply urge their constituents to give them a call and ask them to move. It would be great to move on H.R. 1309. Because even if you do this temporary one, it's 30 days and we're right back here in another 4 weeks at the time that hurricanes are raging. We are really playing with fire here, and we're not doing the American people justice, and we're not doing right here.
As the gentleman from Louisiana just mentioned, vivid in our minds has got to be Katrina. We can talk about Andrew in Florida or you can talk about Hazel up in New York. Our whole country is coastline, and flooding is the worst natural disaster in our country in terms of loss of life, in terms of property. Folks need this financial assistance from this flood insurance program.
I urge my colleagues in the Senate to move and do the right thing. I urge the American people to contact their Senators and let them know we do not need to be standing naked in the face of fierce hurricanes without help and without support simply because the United States Senate failed to act in the best interest of the American people.
With that, I yield back the balance of my time.
Announcement by the Speaker Pro Tempore
Mr. Speaker, on that I demand the yeas and nays.