Disapproval Of The President'S Exercise Of Authority To Suspend The Debt Limit--Motion To Proceed
Mr. President, let me start by thanking my distinguished colleague, the senior Senator from Delaware, for his remarks, and the people of Delaware who came to New Jersey to help us. That is the essence of why we call this great country the…
Mr. President, let me start by thanking my distinguished colleague, the senior Senator from Delaware, for his remarks, and the people of Delaware who came to New Jersey to help us. That is the essence of why we call this great country the United States of America. In moments of challenge and adversity we come together. We appreciate the Delawareans who came to help us. We hope we never have to repay the kindness, but if perchance it comes, we will.
I come to the floor on this anniversary of Superstorm Sandy a year ago. We all remember what has now become an iconic photo. It is hard to believe that it has been 1 year since Sandy, but it has. For a year, under difficult and trying circumstances, New Jerseyans have pulled together, worked together, and helped each other to recover. I rise today in praise of their tenacity, their resilience, their spirit of community, and remembering all of the hard work of the many first responders, Federal, State, and local officials, community leaders, and volunteers who helped in those recovery efforts.
Just yesterday I was with Secretary Donovan in New Jersey to announce another $1.4 billion in community development grant disaster relief funding. This is $1.4 billion in flexible-use funding that comes in addition to the $1.8 billion we have already received from the hard- fought $60 billion disaster relief package we secured a year ago. We secured that funding after a long debate over whether we as a nation and the Congress were prepared to provide disaster relief to the people of my State and others who suffered devastating losses. Standing with me in that effort were many in this Chamber, and one who is no longer with us, our late colleague and friend Senator Frank Lautenberg. He and I worked against many who did not want to provide New Jersey the disaster relief we needed. We were in the midst of a debt ceiling debate, a fiscal cliff at the end after a congressional session, and even after Sandy relief had passed the Senate with bipartisan support, the House Republican leadership chose not to immediately bring the relief package to a vote, unnecessarily delaying our recovery from Sandy by 6 weeks.
There were those in Congress who believe that even in times of disaster and crisis we are on our own. I don't believe that. I believe we are all in this together and in times of crisis we come together as a community.
That is why when the State of New Jersey submitted its application last March to use $1.83 billion in Federal Sandy relief to help thousands of homeowners and small businesses rebuild, the Obama administration, through HUD Secretary Donovan, approved the application in April, the following month.
We have come a long way since October 29th when Sandy made landfall in southern New Jersey. One hundred and fifty-nine people lost their lives, 8.5 million customers lost power, more than 650,000 homes were damaged and 40,000 in our State were severely damaged or destroyed.
Here is a perfect example of how far we have come. You can see here the damage Sandy brought on this home one year ago today. And, as you can see in this second photo, today it is well on its way to being fully restored. But we have a long way yet to go in every community to fully recover from the extent of the damage and to make families and businesses whole again.
A year ago, this headline ran in the Record: ``Business losses mount; Some choosing to close rather than rebuild.'' Hundreds of thousands of businesses were forced to close, causing an estimated $65 billion in economic loss and resulting in emergency declarations or disasters in 13 States up and down the East Coast.
In a matter of minutes, people had lost loved ones, they lost their homes, their property, and their livelihoods, but they stood strong and began to rebuild. Beyond the headlines of this story, we see the Jersey spirit that came through in person after person. Despite the uphill climb, New Jersey rebuilt one home at a time, one business at a time, one community at a time. That's what makes us Jersey Strong.
For 10 days, millions along the East Coast lived without power, without phones, seniors were stranded on the upper floors of buildings where elevators were out, and the loss of power led to fuel shortages and long gas lines. You can see in this photograph of the PATH Train Terminal in Hoboken, the extent of damage to our transportation infrastructure.
It was a wake-up call to what could happen again in the future and the investment we need to make in our infrastructure to avoid future damage from future storms.
The Sandy Recovery package we passed last year included $13 billion in critical funding I sought to help restore our transit and highway systems from what they looked like then, as you can see in this photograph.
The Port Authority was able to repair the PATH station at Hoboken and harden electrical equipment to prevent future damage. NJDOT was able to elevate roads that were washed away by Sandy.
At the end of the day, the legislation included necessary policy reforms that helped streamline recovery efforts and improve FEMA's Public Assistance Programs, allowing us to rebuild what was in place before the storm and build it stronger and better than before.
Since then, almost $400 million in FEMA grants have been approved to help individuals and families recover. That is over $341 million for housing assistance and more than $54 million for additional needs.
Homeowners, renters, and business owners have received over $764 million in SBA disaster loans and $314 million in FEMA Public Assistance grants to help local communities and local non-profits that serve the public and provided relief.
National Flood Insurance Program payments to New Jersey have amounted to $3.5 billion to help people rebuild and get their lives back on track. In New Jersey alone, more than 261,000 people contacted FEMA for help and information and over 126,000 homes have been inspected.
While these numbers show the progress we have made, the reality is that for thousands of people in New Jersey, recovery is a round-the- clock, 24-7 effort.
Many New Jersey families have been hit with the ``triple whammy,'' having been flooded by Sandy, then facing repair and mitigation costs and then facing astronomical increases in flood insurance costs built into a flood reform bill that was passed before Sandy hit.
Even as we slowly recover from the worst natural disaster in our State's history, a manmade disaster is looming in the distance, jeopardizing our recovery.
The combination of updated flood maps and the phaseout of premium subsidies for the National Flood Insurance Program threatens to force victims out of their homes and destroy entire communities.
Many homeowners will be forced to pay premiums that are several times higher than the current rate they pay. Those who cannot afford the higher premiums will be forced to either sell
or be priced out of their home--probably at a fire-sale price. This in turn will drive down property values and local revenues at the worst possible time.
I have heard from countless New Jerseyans, many who have come to me in tears, who are facing this predicament. These are hardworking middle class families, who played by the rules, purchased flood insurance, and are now being priced out of their home.
In order to stop this manmade disaster from doing even more damage, I am leaving the floor in a few minutes and going to introduce bipartisan legislation to take a time-out and assess the impact these premium hikes will have on homeowners and the flood insurance program as a whole.
The Homeowners Flood Insurance Affordability Act, which we will be announcing in a few minutes, would delay flood insurance premium increases imposed in the Biggert-Waters legislation for most primary residences until FEMA completes an affordability study that I had offered, and proposes a regulatory framework to address the issues found in the study.
This will give current homeowners some breathing room before their flood insurance premiums go up. For prospective homebuyers, the certainty that they will not see their rate dramatically increase simply because they purchased a home is critically important to maintaining property values.
At the end of the day, we look back at the year since the storm struck and remember those who lost their lives and those who came together to help their neighbors rebuild. We remember the efforts of first responders and government and community leaders pulling together.
It is often said that ``the hardest steel must go through the hottest fire,'' and Sandy tested what we were made of.
When we look at this photograph of twisted metal that once was a rollercoaster, we associate it with the destruction of Sandy, but we also associate it with how far we have come and what we have learned. We learned that it is not enough to live in a community, we have to be part of it. We have to remember that citizenship comes with responsibility not just to ourselves, but to each other.
In the face of Sandy--in the aftermath, the tragedy, and the loss--we pulled together as a community. We worked together, helped each other rebuild lives, businesses, homes, our beaches and boardwalks--and, in doing so, we strengthened New Jersey's sense of pride and a belief that we are, in fact, all in this together. It is that spirit, that unity, that has made New Jersey stronger and better than before.
Let me conclude by saying that recovery from any disaster depends on our continuing cooperation within our communities at every level of government. The business of government is people--their lives, their hopes, their dreams of a better life for themselves and their families.
In New Jersey, we proved that--at every level of government--with various agencies working together--we all came together. There can be no tolerance of partisan division when it comes to the future of my State or any State's efforts to help families rebuild from a disaster like Sandy. The storm was extraordinary, but what makes me extraordinarily proud is that New Jerseyans rose to the challenge as they always do.
There is much work left to do. We have learned that recovery from a disaster is not a one-size-fits-all endeavor. Full recovery from Sandy will take more than a village.
But at the end of the day the biggest reason New Jersey has made the progress that it has, and why our State will come back better and stronger than before, is because of the people who live there. It hasn't been easy. But I have never been more proud to represent the people of New Jersey than I have during this last year since Sandy struck.
I have seen the best of who we are and what we can do when we pull together, each of us working for the recovery of all of us. Looking back at the last year, I would say we are all New Jersey proud as well as New Jersey strong.
I yield the floor.