OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Cap and Trade Revenue

Floor Speech

Date: May 7, 2008
Location: Washington, DC
Issues: Trade


Cap and Trade Revenue -- (Senate - May 07, 2008)

BREAK IN TRANSCRIPT

Mr. WICKER. Mr. President, I tell my colleagues that this is a multiple perils amendment to the National Flood Insurance Program. It is backed by the National Association of Realtors.

The CBO will tell you it is budget neutral because the premiums have to be based on risk and actuarially sound. There are changes that could be made to make a good amendment perfect. We might not have those tonight. But I can assure my colleagues of this: The passage of the Wicker amendment tonight will ensure that a solution will come quicker to the problem of millions and millions of Americans not being able to ensure against wind and water damage at the same time. I urge passage of the Wicker amendment for that reason, if for no other.

I yield the floor.


Source
arrow_upward