[Congressional Record Volume 153, Number 194 (Tuesday, December 18, 2007)]
[Senate]
[Pages S15894-S15895]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       CHANGES TO S. CON. RES. 21

  Mr. CONRAD. Mr. President, section 310 of S. Con. Res. 21, the 2008 
budget resolution, permits the chairman of the Senate Budget Committee 
to revise the allocations, aggregates, and other levels for legislation 
that reauthorizes terrorism risk insurance, provided that such 
legislation does not worsen the deficit over the period of the total of 
fiscal years 2007 through 2012 or the period of the total of fiscal 
years 2007 through 2017.
  I find that H.R. 2761, the Terrorism Risk Insurance Program 
Reauthorization Act of 2007, which cleared the House of Representatives 
today, satisfies the conditions of the deficit-neutral reserve fund for 
terrorism risk insurance reauthorization. Therefore, pursuant to 
section 310, I am adjusting the aggregates in the 2008 budget 
resolution, as well as the allocation provided to the Senate Banking, 
Housing, and Urban Affairs Committee.
  I ask unanimous consent that the following revisions to S. Con. Res. 
21 be printed in the Record.
  There being no objection, the matria1 was ordered to be printed in 
the Record, as follows:

Concurrent Resolution on the Budget for Fiscal Year 2008--S. Con. Res. 
   21; Revisions to the Conference Agreement Pursuant to Section 310 
       Deficit-neutral Reserve Fund for Terrorism Risk Insurance 
                            Reauthorization

                        [In billions of dollars]

Section 101
(1)(A) Federal Revenues:
  FY 2007.....................................................1,900.340
  FY 2008.....................................................2,025.853
  FY 2009.....................................................2,122.272
  FY 2010.....................................................2,176.581
  FY 2011.....................................................2,357.845
  FY 2012.....................................................2,500.246
(1)(B) Change in Federal Revenues:
  FY 2007........................................................-4.366
  FY 2008.......................................................-24.943
  FY 2009........................................................15.346
  FY 2010........................................................12.860
  FY 2011.......................................................-36.705
  FY 2012.......................................................-96.850
(2) New Budget Authority:
  FY 2007.....................................................2,371.470
  FY 2008.....................................................2,512.549
  FY 2009.....................................................2,527.393
  FY 2010.....................................................2,581.502
  FY 2011.....................................................2,696.712
  FY 2012.....................................................2,736.461
(3) Budget Outlays:
  FY 2007.....................................................2,294.862
  FY 2008.....................................................2,476.344
  FY 2009.....................................................2,574.201
  FY 2010.....................................................2,609.387
  FY 2011.....................................................2,702.068
  FY 2012.....................................................2,715.235

Concurrent Resolution on the Budget for Fiscal Year 2008--S. Con. Res. 
   21; Revisions to the Conference Agreement Pursuant to Section 310 
       Deficit-neutral Reserve Fund for Terrorism Risk Insurance 
                            Reauthorization

                        [In millions of dollars]

Current Allocation to Senate Banking, Housing, and Urban Affairs 
    Committee
  FY 2007 Budget Authority.......................................11,641
  FY 2007 Outlays................................................-1,788
  FY 2008 Budget Authority.......................................13,296
  FY 2008 Outlays................................................-1,878
  FY 2008-2012 Budget Authority..................................64,093
  FY 2008-2012 Outlays..........................................-18,543
Adjustments
  FY 2007 Budget Authority..........................................  0
  FY 2007 Outlays...................................................  0
  FY 2008 Budget Authority..........................................200
  FY 2008 Outlays...................................................200
  FY 2008-2012 Budget Authority...................................3,100
  FY 2008-2012 Outlays............................................3,100
Revised Allocation to Senate Banking, Housing, and Urban Affairs 
    Committee
  FY 2007 Budget Authority.......................................11,641
  FY 2007 Outlays................................................-1,788

[[Page S15895]]

  FY 2008 Budget Authority.......................................13,496
  FY 2008 Outlays................................................-1,678
  FY 2008-2012 Budget Authority..................................67,193
-15,443-2012 Outlays..............................................

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