Description:
S.A. 250 would provide supplemental appropriations for fiscal year 2019 to respond to various natural disasters and designate those amounts as emergency requirements pursuant to section 251 of the Balanced Budget and Emergency Deficit Control Act of 1985. The limits on discretionary budget authority established by the Budget Control Act of 2011 (P.L. 112-25), as amended, would be adjusted to accommodate this funding. Section 1207 of S.A. 250 would extend, from May 31, 2019, through September 30, 2019, the Federal Emergency Management Agency's authority to operate the National Flood Insurance Program (NFIP). Pursuant to provisions of law that govern CBO’s baseline projections, the budgetary effects of certain expiring programs—including the NFIP—are assumed to continue beyond the scheduled expiration date for purposes of budget projections. Consistent with that practice, CBO’s baseline incorporates the assumption that the NFIP will continue to operate under the same conditions and parameters as under current law. As a result, relative to CBO's baseline projections, CBO estimates that enacting section 1207 would not affect the federal deficit.
