Coalition To Insure Against Terrorism (CIAT) Proposed 2013 Budget Lobbying 1. Coalition Coordinator Renew contract with outside firm. Responsibilities include managing the overall activities of CIAT including legislative efforts, membership outreach, budgeting, etc., and serving as public relations spokesperson for the coalition, and primary liaison to the insurance sector and other interested groups. ($10,000 per month for 12 months) Proposed Budget: $120,000 2. Legal Consultant Renew contract with outside counsel. Responsibilities include providing legal analysis and expertise on insurance matters including possible structural changes to the program which CIAT may be under pressure this time to accept as condition of renewal; drafting legislation, testimony, and regulatory comment letters; and assisting with technical/legal aspects of legislative advocacy. (up to $20,000 per month for 12 months) Proposed Budget: $240,000 Total Proposed Consultant Budget: $360,000 Research Projects (Potential) 1. Economic Impact without TRIA This report would address the likely impact to the economy, and in particular real estate and construction financing, if TRIA or other forms of terrorism coverage are no long available. A CIAT survey reconstructing what happened in 2001-2002 before TRIA was enacted – i.e., frozen projects, jobs losses and other economic impacts – could be undertaken. 2. Examination of the Recoupment (Post-Event) Mechanism A stronger intellectual basis for the idea of the retrospective funding mechanism for policyholders to address critics who tend to characterize TRIA as an un-priced Federal subsidy. Further clarification and detailed summary of the post-event recoupment mechanism should abate these criticisms. 3. Terrorism Insurance Marketplace Study Fund a study on the need to continue the federal terrorism insurance mechanism by contracting someone with conservative credentials to conduct the study to counter Republican skeptics on Capitol Hill. Proposed Budget (all projects): $150,000 Total Proposed Research Project Budget: $175,000 Public Relations/Media 1. CIAT Web site -- maintained by NAREIT staff a. Domain names (insureagainstterrorism.org and insureagainstterroism.com) are licensed through February 2015. b. Each domain has an associated email address which is forwarded to a ciat@nareit.com account. Proposed budget: $0 2. Paid Advertising Assumes placement of periodic ads in Hill-oriented publications Ad development and design will be handled in-house Note: Cost of full-page and half-page ad placement in selected periodicals: National Journal Roll Call The Hill CQ Weekly National Daily CQ Today $11,000 $12,900 $9,690 $15,000 $6,000 $8,200 $6,800 $8,250 $6,035 $9,500 $4,000 $5,040 Proposed budget: $20,000 Total Proposed Media Budget: $40,000 Proposed Total 2013CIAT Budget: $575,000 CIAT 2012 Year-end Cash Balance ($30,000) Approx. Total 2013 Net Budget $545,000* Average 2013CIAT Steering Committee Contribution $25,000* *Assumes 21 CIAT Steering Committee Members CIAT Steering Committee Contributions Organization (21) 2006-07 2013 (Anticipated) NAREIT The Real Estate Roundtable ARDA BOMA Citigroup CREFC Goldman Sachs Hilton Hotels Corporation Host Hotel Resorts Hyatt Hotels International Continental Hotels ICSC Marriott International Mortgage Bankers Association NAIOP National Association of Realtors The Real Estate Board of New York TIAA-CREF Six Continents Starwood Hotels U.S. Chamber of Commerce $215,000 $215,000 $50,000 $45,000 $20,000 $50,000 $20,000 $50,000 $50,000 $0 $20,000 $40,000 $50,000 $45,000 $40,000 $16,000 $30,000 $0 $30,000 $20,000 $20,000 $50,000 $50,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 Total $1,026,000* $575,000 * An additional $13,000 was raised from other CIAT members