Foxx Statement on H.R. 41

Washington, D.C. – January 08, 2012 – (RealEstateRama) — Congresswoman Virginia Foxx, R-NC, today issued the following statement regarding her vote against H.R. 41, legislation that would increase federal deficit spending by granting additional borrowing authority to the government-run flood insurance program:

“The east coast was shaken by hurricane Sandy this fall. My heart goes out to the families that have been displaced and lost property in its wake.

“The flood insurance program the government runs is in dire need of reform to make it financially solvent and a more efficient resource for disaster victims. Because it remains flawed and the spending authorized by H.R. 41 was not offset with savings from other areas of government spending, I was not able to support this legislation.”

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