We will call the hearing to order today we are welcoming the administrator of the federal Emergency Management agency to discuss the Response Recovery to hurricane harvey, irma and maria and the wildfires spread across california. Thank you for being here to join us. The magnitude of the disaster we are experiencing this year is unprecedented. I want to thank you and the thousands of personnel who deployed and continue to work tirelessly to help the communities and families get back on their feet in the wake of every instance of the devastating events. Congress has passed to emergency supplementals that are providing an additional 26 public and to ensure the ability to respond to the aftermath of disasters. Now its time to shift focus is from response to recovery and while some of these efforts are already underway there is a long road ahead. Please before i get to you i want to introduce the ranking member. Welcome mr. Administrator to your first appearance before the subcommittee. Th
We should realize ousted the efforts to encourage adoption nationwide. While many stakeholders approach the issue differently we all have a common goal as the officials private sector Business Leaders and committee probers we have a role to play to reduce the cost of disaster i appreciate the opportunity to testify with any questions you may have. Good morning. Think youre traveling this important hearing today for solutions to controlling the in increased cost of Natural Disasters provided Senior Vice President of catastrophe Risk Management at travelers insurance and i am testifying today on behalf of the build Strong Coalition dedicated to reducing him in economic losses from Natural Disasters one of the largest propertycasualty companies in the west to provide the private sector expertise with its own risk of a Natural Disaster but first they get to the chairman and members of the subcommittee for their continued leadership of a series of round tables on this topic beginning in jan
We will provide new money to support the partnerships. From april 2015, the governmental elites one of the funding and get people back to work. The gross funds are having businesses get back into the game. We are going to support businesses and technologies where britain has a Clear Technology advantage. We will extend our global lead in aerospace and support the supply chain for advanced infection. Weve also support British Companies to new emerging markets in asia and africa and the americas. And increasing the funding for the uk by over 25 a year. So they can help more firms build the capacity of overseas british chambers and maintain our countrys position as the number one destination in europe for foreign investment. We are launching a new 1. 5 billion pounds export finance facility to support the purchase of british export. [cheers] third, we are addressing the credit problems of companies we are providing it with 1 billion pounds of extra capital which will leave her either plan
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and cutting funding for community block grants. this is about 45 minutes. it is a real pleasure to be here with all of you and introduce the secretary. before i do, i just want to mention a couple of things. first of all, thank you for leading the effort on protecting cdbg funding. we all have the opportunity to hear the president speak. his steadfast support for cdbg funding has been critical for the last couple of years. it will be up to us as mayors to take the lead on telling the story of how important cedbg funding is. it benefits republicans and democrats on the ground. it really touches the most vulnerable. we will be engaging members of congress and senators over the next couple of weeks. i just want to mention, very pleased with working with the secretary s staff. we must take the lead on this. i am very pleased to introduce the secretary this afternoon. the secretary has attended several conference of mayors events including the seattle leadership meeting and the