H.R. 2548, Electrify Africa Act of 2014

Cost Estimate
March 12, 2014

As ordered reported by the House Committee on Foreign Affairs on February 27, 2014

H.R. 2548 would extend through 2017 the authority of the Overseas Private Investment Corporation (OPIC) to provide loans and insurance to help U.S. companies invest and expand in overseas markets. It also would require the Administration to encourage the private sector, other nations, international organizations, and nonprofits to increase access to electricity in sub-Saharan Africa. CBO estimates that implementing the legislation would save $86 million over the 2014-2019 period, assuming appropriation actions consistent with the bill. Pay-as-you-go procedures do not apply because enacting this legislation would not affect direct spending or revenues.