[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
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$s in millions 2015 2015-19 2015-24
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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
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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
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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
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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
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Committee on Banking. Housing, and Urban Affairs
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$s in millions Current Revised
Allocation Adjustments* Allocation
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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
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*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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