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H.R. 1777, Presidential Allowance Modernization Act of 2015 1 (June 22, 2015)

handle is hein.congrec/cbo2364 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 22, 2015 H.R. 1777 Presidential Allowance Modernization Act As ordered reported by the House Committee on Oversight and Government Reform on May 19, 2015 SUMMARY H.R. 1777 would decrease the pensions of former Presidents, increase the pensions of surviving spouses of former Presidents, and limit the allowances provided to each former President for staff, office space, and other related expenses. CBO estimates that implementing the legislation would reduce outlays by $10 million over the 2016-2020 period, assuming that appropriations are reduced by those amounts. Enacting H.R. 1777 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. The legislation contains no intergovernmental mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. H.R. 1777 would impose a private-sector mandate, as defined in UMRA, by decreasing the pensions of former Presidents. The cost of complying with the mandate would be the total decrease in pension income earned by former Presidents (who left office before enactment of this bill) and would fall well below the annual threshold established in UMRA for private-sector mandates ($154 million in 2015, adjusted annually for inflation). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 1777 is shown in the following table. The savings fall in budget function 800 (general government).

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