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US9/11 Victim Compensation Fund renewal bill finally has a price tag: $10.2 billion

22:30  11 july  2019
22:30  11 july  2019 Source:   nydailynews.com

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$ 10 . 2 billion . That’s the cost estimate issued Thursday by the Congressional Budget Office for compensating the people who are still dying and sick from their The number comes just a day before the House is expected to vote on a new bill to renew the 9 / 11 Victim Compensation Fund , which is

After years of funding disputes with Congress, the Senate has officially voted to reauthorize the 9 / 11 Victim Compensation Fund for the next 73 years, effectively providing financial support to help pay the health care bills for thousands of first As of today, the fund in question has $ 2 billion in it.

9/11 Victim Compensation Fund renewal bill finally has a price tag: $10.2 billion© Brendan McDermid/Reuters People watch the Tribute in Light installation illuminated over lower Manhattan as seen from Brooklyn, marking the 16th anniversary of the 9/11 attacks in New York City, U.S., September 11, 2017. REUTERS/Brendan McDermid TPX IMAGES OF THE DAY - RC169CC05F80 $10.2 billion.

That’s the cost estimate issued Thursday by the Congressional Budget Office for compensating the people who are still dying and sick from their exposure following the terrorist attacks of Sept. 11, 2001. It covers the next 10 years.

The number comes just a day before the House is expected to vote on a new bill to renew the 9/11 Victim Compensation Fund, which is running out of cash much faster than expected.

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9 / 11 Victim Compensation Fund bill clears Senate. By Marisa Schultz and Max Jaeger. The US Senate on Tuesday finally passed a bill guaranteeing financial support to the families of 9 / 11 The act, which funds the compensation program through 2092, is expected to cost $ 10 . 2 billion over the

The 9 / 11 victim compensation bill passed in the House, 402 to 12, following the death of a Stewart has become the celebrity face of the effort to make the 9 / 11 fund permanent The new legislation would extend the program for seven decades, at an estimated cost of $ 10 . 2 billion for the first decade.

The so-called CBO score is often only a formality, but many lawmakers depend on the number, especially when considering larger bills.

Advocates hailed the development, and said it should clear the way for passage.

"Now that we have the CBO score, the House should move quickly and send the bill to the Senate," said Ben Chevat, who runs Citizens for the Extension of the James Zadroga Act, a reference to the bill's former name.

The bill was rechristened last week as the "Never Forget the Heroes: James Zadroga, Ray Pfeifer and Luis Alvarez Permanent Authorization of the September 11th Victim Compensation Fund Act."

Pfeifer, a firefighter who died of 9/11-linked cancer in 2017 was instrumental in passing the last 9/11 bill. Alvarez, who died of his Ground Zero-related cancer late last month, helped galvanize attention to the new bill with his stark testimony before the House Judiciary Committee just weeks before his death.

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The 9 / 11 victim compensation bill passed in the House, 402 to 12, following the death of a Stewart has become the celebrity face of the effort to make the 9 / 11 fund permanent The new legislation would extend the program for seven decades, at an estimated cost of $ 10 . 2 billion for the first decade.

Congress passes 9 / 11 Victim Compensation Fund extension championed by Jon Stewart. Former New York City Mayor Rudy Giuliani, who has served as Stewart and 9 / 11 first responders testified to a near-empty House Judiciary Committee about the bill , catching the attention of many. "As I sit here

The special master who oversees the Victim Compensation Fund cut all pending payouts by half and future ones by 70% in February to try and make the money last until 2020. Of &.4 billion set aside in 2015, just $2 billion was left, with illnesses and deaths in the program surging.

The new funding would restore the cuts that have already been handed to hundreds of responders and victims.

The House is expected to vote for the bill Friday on what's known as the suspension calendar, where non-controversial bills cannot be amended and require a two-thirds vote instead of a simple majority. With 333 House members signed on as sponsors, the measure is likely to pass, although some might object at the late-breaking cost estimate. Advocates would likely counter that the costs of the wars started in the name of 9/11 were simply added to the debt.

After the House, the Senate will also have to act. Majority Leader Mitch McConnell (R-Ky votes.) has pledged to advance the bill, but has not specified how. One GOP source told the News he's likely to bring the measure directly to the floor.

Read More

200th New York firefighter dies from 9/11 illness as funding debate rages on.
Kevin Nolan died on Tuesday and Richard Driscoll died on Wednesday, both years after retiring from the Fire Department of New York.

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