Corker Votes Against Bill On Homeowner Flood Insurance

Thursday, January 30, 2014

Senator Bob Corker,  a member of the Senate Banking, Housing and Urban Affairs Committee, released the following statement today after voting against S. 1926, the Homeowner Flood Insurance Affordability Act, which he said "delays for over four years much-needed reforms to the National Flood Insurance Program, a program that is already $24 billion in debt."

 

Senator Corker said, “Just a few months after the new flood insurance rates started to go into effect, rates that actually reflect a more reasonable estimate of the true cost of this federal program, the Senate caved to narrow parochial interests.

  If we really wanted to address the legitimate affordability concerns of some, we would have passed the Toomey Amendment, which phases in risk-based rates more slowly while providing FEMA and legislators the opportunity to consider and adopt an adequate means-testing program. We will never solve our nation’s toughest challenges if we can’t even live for a few months within the terms of the small reform measures we actually do put into law.”


Real Estate Transfers For July 17-23

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

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Harr Outlines $40 Million Plan For Chattanooga Light Rail System

Outgoing Chamber of Commerce President Ron Harr on Monday outlined a $40 million plan for a Chattanooga light rail system that would serve not only downtown, but also the Airport and the Enterprise South Industrial Park. In a speech to the Chattanooga Engineers Club, Mr. Harr said most cities looking at such an ambitious plan "would be facing costs of over a billion dollars." ... (click for more)

Senator Bob Corker: An Open Letter To Tennesseans

We are incredibly fortunate to live in a state in which companies worldwide are clamoring to establish a presence. Many attribute it to our pro-business culture, well-prepared workforce, low tax environment, right-to-work policies, and engaged citizenry.  That is why the announcement by Volkswagen to build its midsize sports utility vehicle and establish the South’s ... (click for more)

Roy Exum: Wamp Refuses To Stoop

With less than two weeks before the Aug. 7 th election and the last week of early voting now underway in Hamilton County, Congressional challenger Weston Wamp sounded upbeat and relaxed early yesterday afternoon. “I’m pleased to say that I believe we are right where we need to be … maybe even more than we had hoped.” Wamp, who is challenging two-term incumbent Chuck Fleishmann ... (click for more)