that everybody is still talking about, could have gone away, but it was campaign writer, meredith mckey err, who was now infamous melania speech, everybo speech until the truth came to light. and now learning a little bit more, put out letter today, tan said that melania actually admired michelle obama, who said many of those words back at the dnc2008. meredith offered to resign but said the trump campaign, mr. trump, specifically refused to except her resignation. >> little more on mckey err, actually works for donald trump's organization, trump organization, helped him write, and some concerns about whether there were laws broken hearing wrote this speech. but apparently melania trump first went to speechwriters, didn't like the original draft, and went to mckey here she new, and thought would do a good job. all right, so we'll see how it all plays out. >> and the question is are we still talking about it for a reason, i think at this point, now getting new details, again, it is one of the things that could have gone away had they said from day one, yes, somebody screwed up. and even

mckey. now we'll turn mr. randy noelle. >> thank you chairman vitter and senator rubio for the opportunity to testify today. my name is randy noelle, a home builder from la place, louisiana, i'm also the chairman. nahb has a long history of support for the nfip. many thought biggert-waters would ensure the fiscal soundness of the nfip. however there were major consequences to the housing industry. biggert waters impacted the sale of prefirm and grandfathered properties by triggeri ining an immediate shift to full risk rates. with premiums increasing by 25% of the full risk rate each year. across the country, builders witnessed how drastic rate increases were negatively affected home sales and saw rates increase 10 fold over what homeowners were previously paying. one louisiana buyer bought a home only to realize flood insurance rates increased from $400 to the full risk rate of $13,000. this problem wasn't only affecting home owns, i had a friend of mine who had a small home building business in louisiana and

my name is david mckey.g broker and owner of caldwell banker one in louisiana, your home state. i'm here today representing the views of 1.1 million members of the national association of realtors. as vice chair of the insurance committee 2013 president of louisiana realtors, and a small business owner, i bring a unique perspective on the need for flood insurance. chairman vitter, realtors appreciate your continued leadership on flood insurance, and especially your hard work last congress. you were one of the original team of senators and house members that drafted the homeowner flood insurance affordability act. i'm pleased to report the affordability act has succeeded in reining in the most inaccurate rate increases across the country. while the act resolved the most immediate and pressing issues, a few remain that we'd like to bring to your attention. the affordability act say the rates will increase no more than 25% per year, even if properties sell. this resolves some ambiguity in the biggert waters law

that everybody is still talking about, could have gone away, but it was campaign writer, meredith mckey err, who was now infamous melania speech, everybo