mr. huffman: thank you, mr. chairman. the coastal barrier resources act, or cbra as we call it, is a great example of successful federal land management. when president reagan signed it in 1982, he explained that without this statute the federal government would be subsidizing development in risky areas and would subsequently be on the hook for a disaster cost when storms inevitably hit these vulnerable regions. he said that cbra would, quote, halt the federal subsidy spiral, unquote. by discouraging federal inv investments in development on storm-prone coastal lands. lands that if developed would put human lives and property at risk. and also cost taxpayers billions of dollars in disaster relief. in the years since this law was enacted, the u.s. taxpayer has saved over $9.5 billion in disaster costs alone. and the act has protected millions of acres of habitat. i got to hand it to president reagan, signing this bill into law was actually in line with conservative conservation. mainly because cbra was and is the type of i