,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #echa  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #bb1 #bjah,mr4   
,royce ( ,cali=nia 7= himself1 ,mr4     
,luetkemey]1 & ,mr4 ,ross7 introduc$ !  
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ov]sight & ,gov]nm5t     
,re=m  ,a ,,bill  ,to r$uce & m9imize ! 
cr$it1 gu>antee1 & insurance risk ( all 
,f$]al ,gov]nm5t programs by transf]r+  
su* risk to ! private sector at m>ket   
t]ms1 & = o!r purposes4  #a4 ,%ort title
 ,?is ,act may be cit$ z ! ,gov]nm5t    
,risk & ,taxpay] ,exposure ,r$uction    
,act ( #bjah or ! ,,grat] ,act ( #bjah4 
#b4 ,policy  7a7 ,m9imization ( gov]nm5t
 risk ,x is ! policy ( ! ,unit$ ,/ates  
to r$uce & m9imize ! cr$it1 gu>antee1 & 
insurance risk ( ,f$]al ,gov]nm5t       
programs 9 all dep>tm5ts & ag5cies on an
 ongo+ basis to ! maximum ext5t possible
 by transf]r+ all su* risk to ! private 
sector at m>ket t]ms ?r\gh a v>iety (   
f9ancial in/rum5ts 9 a su/a9$ &         
transp>5t mann]4  7b7 ,use ( private    

risk capacity ,9 ! developm5t &         
adm9i/ration ( ,f$]al ,gov]nm5t programs
 & aw>ds 9 all dep>tm5ts & ag5cies1 x is
 ! policy ( ! ,unit$ ,/ates to utilize  
to ! maximum ext5t possible1 ! use (    
private risk capacity1 consi/5t ) !     
goals & purposes ( su* programs & aw>ds4
  #c4 ,/rategy & implem5tation  7a7     
,plan ,not)/&+ any o!r provision ( law1 
ea* dep>tm5t & ag5cy ( ! ,f$]al         
,gov]nm5t responsible = ! adm9i/ration (
 any cr$it1 gu>antee1 or insurance      
program %all1 = ea* fiscal ye>1 develop 
& implem5t a /rategy & implem5tation    
plan = su* program to transf]1 to !     
maximum ext5t possible1 all su* cr$it1  
gu>antee1 & insurance risk to ! private 
sector at m>ket t]ms ?r\gh a v>iety (   
f9ancial in/rum5ts 9 a su/a9$ &         
transp>5t mann]4 ,! initial /rategy &   
implem5tation plan1 aft] a #fj-;day     
p]iod ( public comm5t1 %all be publi%$ 9
 ! ,f$]al ,regi/] n lat] ?an !          
expiration ( ! #f-mon? p]iod beg9n+ on !
 date ( ! enactm5t ( ?is ,act4  7b7 ,use

 ( private insurance risk capacity ,any 
dep>tm5t or ag5cy ( ! ,f$]al ,gov]nm5t t
 is responsible = ! adm9i/ration & aw>d 
( any grants or aid %all1 9 sett+ ! t]ms
 ( ea* new aw>d1 seek to utilize or     
enc\rage ! developm5t (1 to ! maximum   
ext5t possible1 insurance risk capacity 
9 ! private sector bo? 9 ! ,unit$ ,/ates
 & 9 any non-,unit$ ,/ates economy t is 
! recipi5t or ho/ to su* grant or aid1  
at m>ket t]ms ?r\gh a v>iety ( f9ancial 
in/rum5ts 9 a su/a9$ & transp>5t mann]4 
,! /rategy & implem5tation plans requir$
 9 subsection 7a7 %all address !        
utilization & developm5t ( private risk 
capacity 9 program & aw>d developm5t &  
adm9i/ration4  #d4 ,report+ ,ea*        
dep>tm5t & ag5cy ref]r$ to 9 section #c 
%all submit ! /rategy & implem5tation   
plan develop$ = ea* fiscal ye> pursuant 
to su* section to ! ,director ( ! ,(fice
 ( ,managem5t & ,budget4 ,= ea* fiscal  
ye>1 ! ,director %all compile a li/ (   
all cr$it1 gu>antee1 & insurance risk   
transf] programs ( dep>tm5ts & ag5cies (

 ! ,f$]al ,gov]nm5t & submit su* li/ to 
! ,presid5t & ! ,congress toge!r ) a    
summ>y ( ! success to date ( ea* su*    
program1 ! curr5t & aggregate totals (  
cr$it risk transf]r$ s9ce ! date ( !    
enactm5t ( ?is ,act1 & any              
recomm5dations to enhance or exp& su*   
programs4