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insolvent

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  9. '12
  10. '14

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Occurrences in the Congressional Record

Entry Title Date
Concurrent Resolution On The Budget For Fiscal Year 2015 April 10, 2014
Chris Van Hollen, D-MD
"Unlike the House Republican budget, we don’t allow the transportation trust fund to go insolvent later this summer. Unlike the House Republic budget, we do not make deep cuts in our kids’ education. We think it is important to build that ladder of opportunity. Unlike the Republican budget, we don’t reopen the prescription drug doughnut hole and require seniors to pay more if they have high prescription drug costs, and we don’t shred the social safety net."
Concurrent Resolution On The Budget For Fiscal Year 2015 April 8, 2014
Phil Roe, R-TN
"As a physician, I would like to commend Chairman Ryan for his continued efforts to save and strengthen Medicare. We must act to protect seniors’ access to medical care before the Medicare trust fund becomes insolvent in 2026, a short time from now."
Infrastructure Development March 27, 2014
Dina Titus, D-NV
"We recently received an update on the fiscal situation of the highway trust fund—the gentleman from Oregon (Mr. DeFazio) was referencing this—and if the projections hold, that trust fund will be insolvent by the end of July. Now, that is at the height of the construction season when we should be moving forward with these infrastructure projects. All of them will come to a standstill across the country, and that immediately threatens 660,000 jobs—direct jobs, not counting the extra industries that rely on that construction as well."
Personal Explanation March 10, 2014
Paul Gosar, R-AZ
"H.R. 3370, the Homeowner Flood Insurance Affordability Act, is poorly crafted legislation that will make an already insolvent program worse. The National Flood Insurance Program (NFIP) is currently $24 billion in debt. This legislation will continue the federal governments failed involvement in administering flood insurance. H.R. 3370 undoes important reforms that were just passed in 2012 and were our only hope in making this terrible program sustainable. When it became clear the House did not have the votes to pass this legislation last week, the bill almost tripled in size over the weekend and came back a worse bill than even the Senate version in order to get enough Democrats to support these piece of junk. I strongly oppose this wasteful and inefficient bill."
Providing For Consideration Of H.R. 3193, Consumer Financial Freedom And Washington Accountability Act; Providing For Proceedings During The Period From February 13, 2014, Through February 24, 2014… February 11, 2014
Kathy Castor, D-FL
"If you take a step back, flood insurance reform was very well-intentioned. The reform bill was passed in 2012, intended to make the flood insurance trust fund solvent. Especially after Superstorm Sandy, the flood insurance trust fund that is the backstop to economic security for many families was insolvent, so we came together and passed a reform bill. The problem is it hasn’t been implemented in the right way."

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