and to pass a long-term reauthorization of nfip. madam chairwoman, with your -- with the absence of administrator fugate, i would like permission to submit my questions for the record for him. >> without objection. all members requests for questions will be put in the record. >> thank you. i would be remiss if i didn't not mention the high cost of wind insurance is a major factor preventing coastal residents from building homes and attracting new industry. i'm committed to a bipartisan effort to resolve this with the goal of providing coastal residents with needed cost reliefs and comprehensive cost coverage. i look forward to working with the financial services committee to find solutions to our problems. thank you, again, chairwoman biggert, for allowing me to be here today and i yield back. >> thank you. mr. duffy, do you have questions or we'll move to the next panel? i'd like to thank so much the witnesses. this has been a very informative and very helpful to us and thank you so much for being here. >> thank you. >> and i might

they are leaving the nfip. the draft does not add too many additional requirements to the nfip. please keep the bill streamline to ensure the program will remain standing. thank you for the bipartisan committee draft which addresses the critical vulnerables in the ff and will greatly strengthen flood protection for million of consumers. the write your own flood writer support you and hope you can keep a straightforward bill with long term extension and no further lapses. harleysville and tci stand ready to be of any assistance desired. >> thank you. we recognize mr. rutenberg for five minutes. >> ranking member, members of the subcommittee, thank you for the opportunity to testify today. i'm a home builder from gainesville, florida. we commend the subcommittee for addressing reform in the nfip program. builders support a five year program reauthorization as the best way to provide a steady foundation on which to build program revisions and ensure the nfip is effective. in sever years, the short term extensions created a high level of uncertainty in the program causing severe pro

they are leaving the nfip. the draft does not add too many additional requirements to the nfip. please keep the bill streamlined to insure the program will remain standing. thank you for the bipartisan committee draft which addresses the critical vulnerabilities in the nfip and will greatly strengthen flood protection for millions of consumers. the write your own flood partners support you and hope that you will be able to keep a straightforward bill with long-term extension and no further lapses. harleysville and pci stand ready to be of any assistance desired. >> thank you. we recognize mr. rutenberg for five minutes. >> chairman biggert, ranking member gutierrez, members of the subcommittee, thank you for the opportunity to testify today. my name is barry rutenberg, and i'm a home builders from gainsville, florida and first vice chairman of the board of directors of the national association of home builders. nahb commends the subcommittee for addressing reform the nfip program. builders strongly support a five-year program reauthorization as a best way to provide a steady fou

they are leaving the nfip. the draft does not add too many additional requirements to the nfip. please keep the bill streamlined to insure the program will remain standing. thank you for the bipartisan committee draft which addresses the critical vulnerabilities in the nfip and will greatly strengthen flood protection for millions of consumers. the write your own flood partners support you and hope that you will be able to keep a straightforward bill with long-term extension and no further lapses. harleysville and pci stand ready to be of any assistance desired. >> thank you. we recognize mr. rutenberg for five minutes. >> chairman biggert, ranking member gutierrez, members of the subcommittee, thank you for the opportunity to testify today. my name is barry rutenberg, and i'm a home builders from gainsville, florida and first vice chairman of the board of directors of the national association of home builders. nahb commends the subcommittee for addressing reform the nfip program. builders strongly support a five-year program reauthorization as a best way to provide a steady fou

where we will examine legislative proposals to reform the national flood insurance program or nfip. it is critical that well in advance of nfip's september 30th expiration date, congress begin a dialogue and shape a reformed measure. millions of homeowners and businesses in illinois and across the country, not to mention our recovering housing market can ill afford the turmoil by program labs which occurred during the previous congress. that said to the credit of my colleague, ms. waters, the former subcommittee chair, much progress was made on fip reform legislation, some of which is included in the draft bill under consideration today. there's no question that the program is in dire need of reform. for many years, the nfip has been, for lack of a better phrase, under water with long standing management and financial challenges and last reformed in 2004. the nfip borrowed millions from taxpayers followinging the 2005 gulf coast hurricanes and continues to be financially unstable. since 2006, the nfip has been cited by the government accountability office as a program of high risk a

. -- nfip has gone through a series of short-term extensions.rent one is due to expire this year. guest: that is dangerous. the disruptions were not devastating. at that time, we were not in such a bad economy like we are now. last year, congress failed to act and the program left for 53 days. every day that the program lasts, people -- lapses, people are vulnerable to the risk of ruin. if a flood occurs, they have no way to get back on their feet unless they have all but of money sitting in savings. -- of old bunch of money -- a whole bunch of money sitting in savings. everybody involved in the home- buying process would have some certainty that this program is going to be there to backstop the people who live in these homes. host: our next call comes from wisconsin on our line for independents. caller: i love the "washington journal." the previous caller pretty much said what i am going to say, but i will say it again. i brought this -- bought this property three years ago. they said i was not on a floodplain. last year, i got a letter -- a ca