[Congressional Record Volume 156, Number 95 (Wednesday, June 23, 2010)]
[House]
[Page H4777]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 BUDGETARY EFFECTS OF PAYGO LEGISLATION

  Pursuant to Public Law 111-139, Mr. Spratt hereby submits, prior to 
the vote on passage, the attached estimate of the costs of the bill 
H.R. 5569, the National Flood Insurance Program Extension Act of 2010, 
for printing in the Congressional Record.

CBO ESTIMATE OF THE STATUTORY PAY-AS-YOU-GO EFFECTS FOR H.R. 5569, THE NATIONAL FLOOD INSURANCE PROGRAM EXTENSION ACT OF 2010, AS INTRODUCED ON JUNE 22,
                                                                          2010
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                                                                         By fiscal year, in millions of dollars--
                                ------------------------------------------------------------------------------------------------------------------------
                                   2010     2011     2012     2013     2014     2015     2016     2017     2018     2019     2020   2010-2015  2010-2020
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                                                       Net Increase or Decrease (-) in the Deficit
 
Statutory Pay-As-You-Go Impact        50        0        0      -50        0        0        0        0        0        0        0         0         0
 a.............................
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a H.R. 5569 would authorize the Federal Emergency Management Agency to pay flood insurance claims that would otherwise go unpaid during the lapse in the
  National Flood Insurance Program's authority to write and renew policies by making the new authorization retroactive. The bill also would reduce the
  program's ability to borrow funds from the Treasury in years where program expenses exceeded premium income. CBO estimates that the enacting these
  provisions would have no net effect on the federal budget over the 2010-2015 and 2010-2020 periods.


  

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