PAUL WEECH, Staff Director
CHERYL A. Fox, Counsel

KRIS D. WARREN, Legislative Assistant

JONATHAN KAMARCK, Republican Staff Director/Subcommittee
on Housing and Urban Affairs

IRA PAULL, Republican Deputy Staff Director/Counsel
PAMELA RAY-STRUNK, Republican Staff Member

(II)

CONTENTS

TUESDAY, SEPTEMBER 14, 1993

Opening statement of Senator Kerry

Opening statements, comments, or prepared statements of:

Senator Faircloth....

Page

1-74

2

3

75

137

James L. Witt, Director, Federal Emergency Management Agency

Prepared statement

Dr. D. James Baker, Under Secretary for Oceans and Atmosphere, National

Oceanic and Atmospheric Administration, U.S. Department of Commerce ....

Prepared statement..............

Response to written questions from Senator Kerry

WEDNESDAY, SEPTEMBER 15, 1993

Opening statement of Senator Kerry

15

Opening statements, comments, or prepared statements of:

Judy England-Joseph, Director of Housing and Community Development Is-

sues, GAO, Washington, DC; accompanied by Don Collins, Flood Insurance

Administration, FEMA

Prepared statement

Actuarial soundness of the National Flood Insurance Fund

Actuarial and subsidized rate setting.....

NFIP's financial management system ......

Lender compliance with the mandatory insurance purchase require-

ment .........

NFIP's attempts to mitigate future flood damage........

Peggy Bowker, chairperson, National Flood Determination Association, Reno,

NV

Prepared statement

Robert J. Engelstad, senior vice president for Mortgage and Lender Stand-

ards, Federal National Mortgage Association, Washington, DC

Prepared statement_........

General principles underlying Fannie Mae's underwriting

Current statutory requirements.......

Views on the National Flood Insurance Reform Act of 1993

Summary......

Response to written questions from Senator Mack

(III)

Michael K. Stamper, executive vice president for Risk Management, Federal

Home Loan Mortgage Corporation, Washington, DC

Prepared statement..............

Flood insurance requirements for Freddie Mac seller/services

S. 1405, The National Flood Insurance Reform Act of 1993

Conclusion ..............

Response to written questions from Senator Mack

Kenneth L. Austin, Jr., vice chairman of Loan Administration Committee,

Mortgage Bankers Association of America, Washington, DC

Prepared statement ............

Response to written questions from Senator Mack

Larry W. Palmer, Redland Insurance Company, Council Bluffs, IA

Prepared statement .........

Response to questions raised by Senator Mack ........

Thomas N. "Tommy" Thompson, first vice president, National Association

of Home Builders, Washington, DC

Prepared statement ....

I. The Nationals Flood Insurance Program

II. Proposed reforms to S. 1405

Conclusion.........

Beth Millemann, executive director, Coastal Alliance, Washington, DC

Prepared statement

Hurricane Emily

Flood insurance reform initiatives in the 102nd Congress

The National Flood Insurance Program's failed mandate

Yesterday's storms, tomorrow's hurricanes

Kathleen M. McCauley, secretary, Marshfield Coastal Advisory Committee,

Rebecca Quinn, legislative officer, Association of State Flood Plain Manager,

Annapolis, MD .......

Cary Kehoe, Delaware Department of Natural Resources and Environmental

Control, Dover, DE .....

Pat Campbell-White, vice chairperson of the Public Policy Committee, Na-

tional Association of Realtors, Washington, DC

Prepared statement of Christopher A. G. Tulow

ADDITIONAL MATERIAL SUPPLIED FOR THE RECORD

Transamerica Flood Hazard Certification, testimony of Thomas P. Della

Torre, submitted on July 27, 1992.....

Dr. Peter M. Fallow, North Beach Civic Association, Vero Beach, FL

National Association of Professional Insurance Agents

C.M. Schauerte, Clearwater Beach Association, FL

Missouri State Senate, comments on floodplain policy, Senator Steve

Ehlmann and Representative Joe Ortwerth

Clyde P. Angle, Jefferson City, MO, letter in support of S. 1405

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50

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110

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58

112

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114

115

116

116

117

118

121

122

61

123

206

66

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68

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69

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136

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243