[Congressional Record Volume 161, Number 3 (Thursday, January 8, 2015)]
[Extensions of Remarks]
[Page E33]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




THE TERRORISM RISK INSURANCE PROGRAM REAUTHORIZATION ACT OF 2015 (H.R. 
          26) AND SAVE AMERICAN WORKERS ACT OF 2015 (H.R. 30)

                                  _____
                                 

                             HON. TOM PRICE

                               of georgia

                    in the house of representatives

                       Thursday, January 8, 2015

  Mr. TOM PRICE of Georgia. Mr. Speaker, yesterday, the House voted on 
the Terrorism Risk Insurance Program Reauthorization Act of 2015, H.R. 
26, and today, the House will consider the Save American Worker's Act 
of 2015, H.R. 30.


 =========================== NOTE =========================== 

  
  January 8, 2015, on page E33, the following appeared: Mr. PRICE 
of Georgia. Mr. Speaker, yesterday,
  
  The online version should be corrected to read: Mr. TOM PRICE of 
Georgia. Mr. Speaker, yesterday,


 ========================= END NOTE ========================= 

  The Terrorism Risk Insurance Program Reauthorization Act of 2015 
amends the Terrorism Risk Insurance Act of 2002 to extend the Terrorism 
Insurance Program through December 31, 2020, and revises certain 
requirements of the program. It also establishes the National 
Association of Registered Agents and Brokers (NARAB), which will have 
the authority to license insurance agents and brokers to operate in 
multiple states. The House passed this bill on December 10, 2014, by a 
vote of 417-7. However, because the Senate did not act on the House 
passed bill before the end of the 113th Congress, the Terrorism Risk 
Insurance Program expired on December 31, 2014.
  The Save American Workers Act of 2015 changes the definition of 
``full time employee'' as applied to the Affordable Care Act's 
(Obamacare) employer mandate. This will prevent small businesses from 
reducing employee hours solely because they cannot afford to comply 
with the Obamacare mandate. The House passed this bill on September 16, 
2014, by a vote of 320-102.
  The Terrorism Risk Insurance Program Reauthorization Act of 2015 
increases direct spending in the budget year as well as over the ten-
year budget window, bringing the Committee on Financial Services over 
its 302(a) allocation in the first year and over ten years, violating 
section 302(f) of the Congressional Budget Act of 1974 (CBA). 
Additionally, the bill violates the House's ``Cut As You Go'' rule 
(Rule XXI, clause 10) by increasing direct spending over the relevant 
enforcement time periods, without being offset by direct spending cuts 
of equal or greater value.
  The spending increases in this bill are fully offset through a 
surcharge on commercial property and casualty policyholders and NARAB 
fees, and the bill as a whole provides deficit reduction over the 
relevant enforcement time periods. As a result, I did not oppose a 
waiver of section 302(f) of the CBA and the ``Cut As You Go'' rule for 
consideration of this bill on this occasion.
  The Save American Workers Act of 2015 also increases direct spending 
in the budget year and over the ten-year budget window, violating 
section 302(f) of the CBA and the House's ``Cut As You Go'' rule (Rule 
XXI, clause 10). The bill also reduces revenues over the ten-year 
budget window, violating section 311 of the CBA. Because the revenue 
loss results from a repeal of Obamacare tax increases, and the bill 
increases cash wages and opportunities for workers, I support granting 
a waiver of sections 302(f) and 311 of the CBA and the ``Cut as You 
Go'' rule for consideration of this bill on this occasion.
  However, my lack of opposition to these waivers should not be 
interpreted as a willingness to support similar waivers in the future. 
Budget enforcement is among my top priorities for the 114th Congress. 
As we move into the 114th Congress and begin drafting new legislation, 
it is my intention to ensure compliance with the CBA and House Rules as 
they apply to budget enforcement and the budget resolution in effect at 
the time of enforcement.

                          ____________________