[Congressional Record Volume 160, Number 111 (Wednesday, July 16, 2014)]
[Senate]
[Pages S4547-S4548]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          BUDGETARY REVISIONS

  Mrs. MURRAY. Mr. President, sections 114(d) and 116(c) of the 
Bipartisan Budget Act of 2013, allow the chairman of the Senate Budget 
Committee to revise the allocations, aggregates, and levels for a 
number of deficit-neutral reserve funds. These reserve funds were 
incorporated into the Bipartisan Budget Act by reference to S. Con. 
Res. 8, the Senate-passed budget resolution for 2014. Among these 
sections is a reference to section 319 of S. Con. Res. 8, which 
establishes a deficit-neutral reserve fund for terrorism risk 
insurance. The authority to adjust enforceable levels in the Senate for 
terrorism risk insurance is contingent on that legislation not 
increasing the deficit over either the period of the total of fiscal 
years 2014 through 2019 or the period of the total of fiscal years 2014 
through 2024.
  I find that S. 2244, the Terrorism Risk Insurance Program 
Reauthorization Act of 2014, as reported on June 23, 2014, fulfills the 
conditions of the deficit-neutral reserve fund for terrorism risk 
insurance. Therefore, pursuant to sections 114(d) and 116(c) of H. J. 
Res. 59, I am adjusting the budgetary aggregates, as well as the 
allocation to the Committee on Banking, Housing, and Urban Affairs.
  I ask unanimous consent that the following tables detailing the 
revisions be printed in the Record.
  There being no objection, the material was ordered to be printed in 
the Record, as follows:

    BUDGETARY AGGREGATES--PURSUANT TO SECTION 116 OF THE BIPARTISAN BUDGET ACT OF 2013 AND SECTION 311 OF THE
                                        CONGRESSIONAL BUDGET ACT OF 1974
----------------------------------------------------------------------------------------------------------------
                     $s in millions                             2015             2015-19            2015-24
----------------------------------------------------------------------------------------------------------------
Current Budgetary Aggregates:*
    Spending:
        Budget Authority...............................          2,940,093                n/a                n/a
        Outlays........................................          3,004,206                n/a                n/a
    Revenue............................................          2,533,388         13,882,333         31,202,135
----------------------------------------------------------------------------------------------------------------
Adjustments Made Pursuant to Sections 114(d) and 116(c)
 of the Bipartisan Budget Act:**
    Spending:
        Budget Authority...............................                120                n/a                n/a
        Outlays........................................                120                n/a                n/a
    Revenue............................................                  0              1,770              4,000
----------------------------------------------------------------------------------------------------------------
Revised Budgetary Aggregates:
    Spending:
        Budget Authority...............................          2,940,213                n/a                n/a
        Outlays........................................          3,004,326                n/a                n/a
    Revenue............................................          2,533,388         13,884,103         31,206,135
----------------------------------------------------------------------------------------------------------------
n/a = Not applicable. Appropriations for fiscal years 2016-2024 will be determined by future sessions of
  Congress and enforced through future Congressional budget resolutions.
*The levels for ``Current Budgetary Aggregates'' include a disaster cap adjustment made on 6/16/2014 for the
  Committee on Appropriations.
**Adjustments made pursuant to sections 114(d) and 116(c) of the Bipartisan Budget Act of 2013, which
  incorporate by reference section 319 of S. Con. Res. 8, as passed by the Senate. Section 319 establishes a
  deficit-neutral reserve fund for terrorism risk insurance.


[[Page S4548]]


REVISIONS TO THE BUDGET AUTHORITY AND OUTLAY ALLOCATIONS TO THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS
 PURSUANT TO SECTION 116 OF THE BIPARTISAN BUDGET ACT OF 2013 AND SECTION 302 OF THE CONGRESSIONAL BUDGET ACT OF
                                                      1974
----------------------------------------------------------------------------------------------------------------
                                                             Committee on Banking. Housing, and Urban Affairs
                                                        --------------------------------------------------------
                     $s in millions                            Current                              Revised
                                                             Allocation        Adjustments*        Allocation
----------------------------------------------------------------------------------------------------------------
Fiscal Year 2015:
        Budget Authority...............................             24,537                120             24,657
        Outlays........................................              5,071                120              5,191
Fiscal Years 2015-2019:
        Budget Authority...............................            114,495              1,690            116,185
        Outlays........................................             -4,264              1,690             -2,574
Fiscal Years 2015-2024:
        Budget Authority...............................            206,853              3,540            210,393
        Outlays........................................            -56,229              3,540           -52,689
----------------------------------------------------------------------------------------------------------------
*Adjustments made pursuant to sections 114(d) and 116(c) of the Bipartisan Budget Act of 2013, which incorporate
  by reference section 319 of S. Con. Res. 8, as passed by the Senate. Section 319 establishes a deficit-neutral
  reserve fund for terrorism risk insurance.

  

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