Spending Cuts To Expired And Unnecessary Programs Act
Mr. Speaker, I thank the chairman of the Appropriations Committee for yielding. I rise in strong support of this rescissions package. I want to commend President Trump for bringing this bill to Congress, a bill that would, once passed, be…
Mr. Speaker, I thank the chairman of the Appropriations Committee for yielding.
I rise in strong support of this rescissions package.
I want to commend President Trump for bringing this bill to Congress, a bill that would, once passed, be the largest rescissions package in the history of our country. This is a process that has been used by Republican and Democratic Presidents alike over decades, and it is an important process to make sure that we keep our fiscal house in order.
Mr. Speaker, I know some of my colleagues on the other side are feigning concern over the Children's Health Insurance Program, and most of them, by the way, voted against the funding for the CHIP program in the first place when that bill was before Congress due to a full funding. In fact, we overfunded the CHIP program, and so, as that surplus money was identified, we made sure that that money is going to be able to be used to help reduce the deficit and go to other things.
This letter from the Congressional Budget Office confirms that not one child will lose insurance when this bill is passed because we overfunded the CHIP program.
Mr. Speaker, I include this letter from the Congressional Budget Office in the Record.
U.S. Congress,
Congressional Budget Office,
Washington, DC, May 8, 2018.
Re Proposed Rescissions for the Children's Health Insurance
Program.
Hon. Kevin McCarthy,
Majority Leader, House of Representatives,
Washington, DC.
Dear Mr. Leader: At your staff's request, the Congressional
Budget Office has reviewed the Administration's proposed
rescissions R18-15 and R18-17 for the Children's Health
Insurance Program (CHIP) that were transmitted to the
Congress on May 8, 2018. The proposals would rescind
approximately $7 billion. Of this, $5.1 billion would be
rescinded from the unobligated balances made available by
section 301(b)(3) of Public Law 114-10, and $1.9 billion
would be rescinded from amounts made available for fiscal
year 2018 under the Child Enrollment Contingency Fund,
section 2104(n)(2) of the Social Security Act.
Specifically, you asked for our assessment of the proposed
rescissions' effect on federal spending and insurance
coverage. Authority to distribute the funds to states made
available under section 301(b)(3) expired in 2017. In
addition, based on information from the Centers for Medicare
and Medicaid Services, CBO projects that the rescission from
the Child Enrollment Contingency Fund would not affect
payments to states over the 2018-2028 period. For these
reasons, CBO estimates that rescinding the unobligated
balances would reduce budget authority by $7 billion, but
would not affect outlays, or the number of individuals with
insurance coverage.
I hope this information is helpful to you.
Sincerely,
Keith Hall,
Director.
Mr. Speaker, I would like to point out that, as there was a
concern about a potential Ebola outbreak, we were able to go back and work with our OMB Director, Mick Mulvaney, who worked really closely with us to make sure that this bill was put together properly to address what the President wanted, while also making sure that we were able to respond to any potential Ebola crisis.
I especially want to thank my colleagues Jeff Fortenberry and General Don Bacon from Nebraska for making sure that we will, with this bill's passage, still be able to respond to any possible Ebola outbreak. Hopefully, we don't have one, but we will be prepared in that event thanks to the hard work of Congressmen Fortenberry and Bacon.
So, overall, Mr. Speaker, this is an important bill to help us reduce the deficit, keep our fiscal house in order, while properly funding those programs like CHIP that were so important to so many of us who did vote for it. I am glad that my colleagues who voted against it are now realizing it is an important program. Maybe they will support it next time.
But, in the meantime, I encourage all of my colleagues to vote for this bill, and then I further encourage the Senate to take this bill up quickly because it only requires 51 votes to pass, not 60. I would urge full passage. Let's get this on the President's desk.