November 4, 1997
H.R. 2675 - Federal Employees Life Insurance Improvement Act
(Rep. Mica (R) FL and 7 cosponsors)
The Administration has no objection to House passage of H.R. 2675. The bill
would provide Federal employees more options under the Federal Employees Group
Life Insurance program and require the Office of Personnel Management to
prepare legislation and a report on making universal life and additional
accidental death and dismemberment insurance available to Federal employees.
H.R. 2675 would affect direct spending; therefore, is subject to the
pay-as-you-go requirement of the Omnibus Budget Reconciliation Act of 1990.
OMB's preliminary estimate is that H.R. 2675 would increase direct spending by
less than $500,000 annually.