About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

H.R. 26, Terrorism Risk Insurance Program Reauthorization Act of 2015 [i] (January 8, 2015)

handle is hein.congrec/cbo2032 and id is 1 raw text is: CBO Cost Estimate of H.R. 26, the Terrorism Risk Insurance Program Reauthorization Act of 2015 As passed by the House of Representatives on January 7, 2015 01/08/2015 (by fiscal year, in millions of dollars) 2015- 2015- 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2020 2025 CHANGES IN DIRECT SPENDING Title I -- Extension of Terrorism Insurance Program Estimated Budget Authority 120 280 370 440 480 510 380 230 140 90 70 2,200 3,110 Estimated Outlays 120 280 370 440 480 510 380 230 140 90 70 2,200 3,110 Title II -- National Association of Registered Agents and Brokers Estimated Budget Authority 1 2 55 56 58 60 63 66 68 68 71 232 568 Estimated Outlays 1 1 49 56 58 60 63 65 69 69 71 225 562 Total Changes in Direct Spending Estimated Budget Authority 121 282 425 496 538 570 443 296 208 158 141 2,432 3,678 Estimated Outlays 121 281 419 496 538 570 443 295 209 159 141 2,425 3,672 CHANGES IN REVENUES Title I--Extension of Terrorism Insurance Program 0 200 410 520 700 410 400 290 250 310 0 2,240 3,490 Title II -- National Association of Registered Agents and Brokers 1 2 55 56 58 60 63 65 69 69 71 232 568 Total Changes in Revenues 1 202 465 576 758 470 463 355 319 379 71 2,472 4,058 NET INCREASE OR DECREASE (-) IN THE DEFICT FROM CHANGES IN DIRECT SPENDING AND REVENUES Impact on Deficit 120 79 -46 -80 -220 100 -20 -60 -110 -220 70 -47 -386 Notes: Components may not sum to totals because of rounding. Negative numbers denote decreases, positive numbers denote increases. H.R. 26 would: * Authorize the Terrorism Risk Insurance Program through December 31, 2020; similar to S. 2244 which passed in the House of Representatives on December 10, 2014, the bill would amend several program parameters that were in place before the program expired. * Establish a National Association of Registered Agents and Brokers. * Exempt nonfinancial entities that enter into a swap or a security-based swap transaction from meeting certain margin requirements when the transaction is designed to offset losses or gains in other investments. This provision would not affect direct spending or revenues. Previous CBO cost estimates for related legislation in the 113th Congress: S. 2244. Terrorism Risk Insurance Program Reauthorization Act of 20)14, dated December 9, 2014;L H.R. 4871, TRIA Reform Act, dated Jul v15, 2014; S. 2244, Terrorism Risk Insurance Program Reauthorization Act of 2014, dated June 24, 2014; S. 534, National Association of Registered Agents and Brokers Reform Act of 2013.dated June 13, 2013; H.R. 634. Business Risk Mitigation and Price Stabilization Act of 2014. dated May 29, 2013.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most