Metavid

Video archive of the US Congress

House Proceeding on Sep 27th, 2007 :: 0:49:58 to 0:59:36
Total video length: 1 hours 32 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Download OptionsEmbed Video

Views:179 Duration: 0:09:38 Discussion

Previous speech: Next speech:

Earl Blumenauer

0:48:34 to 0:49:58( Edit History Discussion )
Speech By: Earl Blumenauer

Earl Blumenauer

0:49:44 to 0:49:58( Edit History Discussion )

Earl Blumenauer: in part a of the rules committee report. because clause 9a of rule 21 does not apply to such an amendment, house resolution 683 has no tendency to waive its application and the point of order

Doris O. Matsui

0:49:58 to 0:50:07( Edit History Discussion )

Doris O. Matsui: is overruled. the gentlelady from california is recognized. ms. matsui: mr. speaker, for purpose of debate only, i yield the customary 30 minutes to the gentleman from texas, mr. sessions,

Doris O. Matsui

0:49:58 to 0:59:36( Edit History Discussion )
Speech By: Doris O. Matsui

Doris O. Matsui

0:50:07 to 0:50:18( Edit History Discussion )

Doris O. Matsui: all time yielded during consideration of the le is for debate only. i yield myself such time as i may consume. the speaker pro tempore: the gentlelady is recognized. ms. matsui: i ask unanimous

Doris O. Matsui

0:50:18 to 0:50:30( Edit History Discussion )

Doris O. Matsui: consent that all members be given five legislative days in which to revise and extend their remarks and include extraneous material on house resolution 683. the speaker pro tempore: without objection.

Doris O. Matsui

0:50:30 to 0:50:39( Edit History Discussion )

Doris O. Matsui: ms. matsui: house resolution 683 provides for consideration of house resolution 3121rks the flood insurance reform and modernization act of 2007 under a structured rule. as the clerk reported, the

Doris O. Matsui

0:50:39 to 0:50:52( Edit History Discussion )

Doris O. Matsui: rule provides one hour of general debate controlled by the committee on financial services. the rule waives all points of order against consideration of the bill except clauses 9 and 10

Doris O. Matsui

0:50:52 to 0:51:04( Edit History Discussion )

Doris O. Matsui: of rule 21. the rule also makes an order that a substitute reported by the committee on financial services modify the amendment in part a of the rules committee report as an original bill for

Doris O. Matsui

0:51:04 to 0:51:15( Edit History Discussion )

Doris O. Matsui: the purpose of amendment. the self-executing amendment in part a would ensure that the bill complies with the new pay-go requirements. the rule makes in order the 13 amendments printed in the rules

Doris O. Matsui

0:51:15 to 0:51:28( Edit History Discussion )

Doris O. Matsui: committee report with each amendment debatable for 10 minutes. as yesterday's debate and rules committee demonstrated members on both sides of the aisle are focused on getting this bill

Doris O. Matsui

0:51:28 to 0:51:42( Edit History Discussion )

Doris O. Matsui: to conference and on to the president's desk. and this rule reflects that consensus. as a representative of a district in a flood plain, i understand the need for a healthy flood insurance

Doris O. Matsui

0:51:42 to 0:51:56( Edit History Discussion )

Doris O. Matsui: program. my hometown of sacramento is the most add-risk river city in the nation. whenever i talk about our efforts to improve sacramento's level of flood protection, i also mention the importance of

Doris O. Matsui

0:51:56 to 0:52:10( Edit History Discussion )

Doris O. Matsui: flood insuranc if you live behind a levee, you should have flood insurance and the federal government has responsibility to promote this kind of coverage. i also recognize that to accomplish

Doris O. Matsui

0:52:10 to 0:52:23( Edit History Discussion )

Doris O. Matsui: this we need a healthy and robust national flood insurance program. that is why the legislation we debated today, the flood insurance reform and modernization act is so significant. through this

Doris O. Matsui

0:52:23 to 0:52:40( Edit History Discussion )

Doris O. Matsui: legislation we will meet our responsibilities. we will ensure coverage is available to those at risk. and we will educate those same individuals as to the benefits of flood insurance. this bill,

Doris O. Matsui

0:52:40 to 0:52:56( Edit History Discussion )

Doris O. Matsui: which is reported out of the financial services committee by a bipartisan majority of 38-29, takes us in that positive direction. in the aftermath of hurricane katrina, the defish siss -- deficiencies

Doris O. Matsui

0:52:56 to 0:53:08( Edit History Discussion )

Doris O. Matsui: in the program rare bare. what rammed was a -- program that remained bear. d what remained was a program in question. it was imperative to reform the federal flood program. for many americans owning

Doris O. Matsui

0:53:08 to 0:53:24( Edit History Discussion )

Doris O. Matsui: insurance to protect against a flood is more valuable than coverage in ca of fire. that is because homes in a designated special flood hazard area are almost three times as likely to be destroyed

Doris O. Matsui

0:53:24 to 0:53:36( Edit History Discussion )

Doris O. Matsui: by flood as by fire. and this is a case for almost 3/4 of all homes in sacramento. this is an important program that must be reformed to ensure its long-term stability and solvency. the

Doris O. Matsui

0:53:36 to 0:53:49( Edit History Discussion )

Doris O. Matsui: bill we are considering today makes reasonable reforms and lays the foundation for a stronger and improved flood insurance program. and, for that, i would like to thank chairman barney frank and

Doris O. Matsui

0:53:49 to 0:54:01( Edit History Discussion )

Doris O. Matsui: chairwoman waters for their leadership on the bill. this bill takes important steps to modernize the flood insurance program. it raises maximum coverage to keep up with inflation. wi it provides

Doris O. Matsui

0:54:01 to 0:54:12( Edit History Discussion )

Doris O. Matsui: new coverage for living expenses if you have to vacate your home. and it also provides optional coverage for basement and business interruption coverage for commercial properties. these

Doris O. Matsui

0:54:12 to 0:54:27( Edit History Discussion )

Doris O. Matsui: are all positive steps that will allow the program to continue to provide peacuee of mind to those impacted when a flood occurs. in moving forward, congress is also making the flood insurance

Doris O. Matsui

0:54:27 to 0:54:40( Edit History Discussion )

Doris O. Matsui: program sustainable. the bill tightens enforcement of purchase requirements and ends subsidies on vacation homes, second homes, and businesses. while these actions may not be popular, this will help invigorate

Doris O. Matsui

0:54:40 to 0:54:54( Edit History Discussion )

Doris O. Matsui: the program in the long run. in addition to helping homeowners, this measure will also benefit taxpayers nationwide by preventing insurance companies from putting their liability on the federal

Doris O. Matsui

0:54:54 to 0:55:12( Edit History Discussion )

Doris O. Matsui: government at the expense of the american public. by managing flood plains via land use controls, and providing insurance protection, this essential program reduces flood loss exp enses to the federal

Doris O. Matsui

0:55:12 to 0:55:26( Edit History Discussion )

Doris O. Matsui: government saving taxpayers an in estimated $1 billion a year.li this m easure provides much-needed reform to restore solve ensy to a program that has faced unprecedented financial strain in the

Doris O. Matsui

0:55:26 to 0:55:39( Edit History Discussion )

Doris O. Matsui: wake of the 2005 hurricanes. this bill increases accountability, a federally reg -- of federally regulated lenders by imposing stricter penaies on those lenders that fail to allow for flood

Doris O. Matsui

0:55:39 to 0:55:50( Edit History Discussion )

Doris O. Matsui: insurance on mortgage holders. this takes our country in the right direction by encouraging in dividuals to purchase flood insurance while also addressing the needs of the program. t i would also

Doris O. Matsui

0:55:50 to 0:56:08( Edit History Discussion )

Doris O. Matsui: like to express my sincere thans to chairman frank for working with me on this past year on issues that i believsue make this a stronger overall bill. i appreciate the chairman, including

Doris O. Matsui

0:56:08 to 0:56:24( Edit History Discussion )

Doris O. Matsui: my legislation, flood insura nce outreach act of 2007. a that grant program works. a little over two years ago with the support of -- $162,000 fema grant, the sacramento area flood control agency

Doris O. Matsui

0:56:24 to 0:56:40( Edit History Discussion )

Doris O. Matsui: conducted just a d flood insurance outreach initiative, it reached out to more than 45,000 nfip policyholders in the flood plain with impressive results. after a year 74% maintained their flood

Doris O. Matsui

0:56:40 to 0:56:55( Edit History Discussion )

Doris O. Matsui: insurance policies. of this group 43% now carry preferred risk flood insurance. preferred risk policies provide property owners who are protected by a levee with all flood insurance at a reduced

Doris O. Matsui

0:56:55 to 0:57:07( Edit History Discussion )

Doris O. Matsui: price. because of their lower price, these preferred risk policies have a higher level of policy retention. to put the success in perspective, fema more than recouped its investment. it something

Doris O. Matsui

0:57:07 to 0:57:23( Edit History Discussion )

Doris O. Matsui: targeted for policies retained more than 20 times over, adding millions to the flood insurance pream bottom line. extending these grants to other flood plains will only strengthen and build

Doris O. Matsui

0:57:23 to 0:57:33( Edit History Discussion )

Doris O. Matsui: the solve ensy of the national insurance flood program. i believe we should encourage greater par tisstation in nfip. on that note, i would also like to thank the chairman for including language

Doris O. Matsui

0:57:33 to 0:57:45( Edit History Discussion )

Doris O. Matsui: that authorizes study for the future participation of low-income individuals who live in a flood plain. we have an obligation to make sure that everyone has an opportunity to be insured and

Doris O. Matsui

0:57:45 to 0:57:56( Edit History Discussion )

Doris O. Matsui: has access to affordable flood insurance. this is an important issue, and nt i look forward to working with the chairman, the committee, and many of my colleagues in further addressing this

Doris O. Matsui

0:57:56 to 0:58:11( Edit History Discussion )

Doris O. Matsui: policy issue. i think that it is important that we continue to modernize our flood insurance program. i'm pleased that the committee kept the amendment from last congress' flood insurance bill.

Doris O. Matsui

0:58:11 to 0:58:23( Edit History Discussion )

Doris O. Matsui: language that simply asks that fema utilize weather forecasting technology as they update the national flood maps. moving forward we must make the investment in weather forecasting technology

Doris O. Matsui

0:58:23 to 0:58:35( Edit History Discussion )

Doris O. Matsui: so that we have the tools to adjust to the changing climate. fema needs to be prepared to utilize this technology as it becomes available to us. we must ensure that fema has the highest quality

Doris O. Matsui

0:58:35 to 0:58:48( Edit History Discussion )

Doris O. Matsui: information when it works to determine the level of risk for vulnerable geographies. this policy initiative takes us in a positive direction. flirgese the bill we are debating today is a vital tool to be

Doris O. Matsui

0:58:48 to 0:59:01( Edit History Discussion )

Doris O. Matsui: used after a flooding incident occurs, we need this bill, however, i want to close by saying flood insurance is one piece of what should be a national, comprehensive flood protection approach.

Doris O. Matsui

0:59:01 to 0:59:10( Edit History Discussion )

Doris O. Matsui: congress must continue to provide the tools and policy for prevention, we must continue to provide the funding for our flood protection infrasfructure projects, and we must continue to provide the

Doris O. Matsui

0:59:10 to 0:59:25( Edit History Discussion )

Doris O. Matsui: authorization for the projects that provide the protection f or our communities, with this policies of prevention in place, we'll make our communities safer and reduce the likelihood of our communities

Doris O. Matsui

0:59:25 to 0:59:36( Edit History Discussion )

Doris O. Matsui: having to utilize their flood insurance policies. i strongly urge my colleagues to support this rule and final passage of the underlying flood insurance reform and modernization act of 2007. i reserve

0:59:36 to 0:59:48( Edit History Discussion )

the balance of my time. the speaker pro tempore: the gentlelady reserves. the gentleman from texas. mr. sessions: thank you, mr. speaker. mr. speaker, i rise agkeain today in strong opposition

Personal tools

MetaVid is a non-profit project of UC Santa Cruz and the Sunlight Foundation. Learn more About MetaVid

The C-SPAN logo and other servicemarks that may be found in video content are the property of their respective trademark holders. None of these trademark holders are affiliated with Metavid