bob hmenendez. >> we have too manyç people ou of their homes and too many people afraid of losing theired from a natural disaster. we need not create a man-made one. >> reporter: the bigger waters about. well intentioned legislation aimed at restoring the financial health of the insurance program, which is $26 billion in debt. the act saying refund the program by charging market rate premiums for hundreds of thousands of homes in flood zones. the problem, a lot of those previously subsidized homeowners can't afford the rates. >> nobody is arguing against reasonable rate increases but rate increases that could go to 20, $25,000 a year and push people out of the homes and out of the program. >> reporter: to counter it, louisiana senator and others introducing the homeowners insurance affordable act. the act saying rate hikes on insurance that covers homes in flood zones that were built in accordance with previous building codes and homes sold or policies bought after july 6th, 2012 when bigger waters was passed. the homes and flood zones, secondary homes and businesses would still pay hig