A coalition of national nonprofit organizations sent a letter to
The letter is available online (http://www.theamericanconsumer.org/wp-content/uploads/2018/10/GRATER-Act-Support-Letter-SpeakerRyan-LeaderPelosi-2018-10-25.pdf).
The undersigned organizations write in support of H.R. 5381, the "Government Risk and Taxpayer Exposure Reduction Act of 2018" or the "GRATER Act of 2018," and we ask that the House pass the bill as a stand-alone measure or part of other legislation.
If the bill is fully realized, federal program beneficiaries likely would benefit from improved program risk management and funding certainty, particularly in the aftermath of anomalous events resulting in the need for unanticipated and unappropriated, increased costs. Taxpayers would be relieved from carrying the full financial burden of risks currently retained by the federal government. The capital markets and reinsurance can help federal programs and operations improve risk-management, resilience, and to deleverage through risk-sharing, reducing both liability and cost. Finally, the private sector assuming appropriate federally-backed risk can more effectively manage this risk by better leveraging, investing, diversifying, and growing federal resources.
Private sector businesses, families, and individuals have utilized de-risking opportunities provided by private capital. In recent years, some
The undersigned organizations are poised to work with you,
Americans for Tax Reform (ATR)
Taxpayers for Common Sense (TCS)