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Reconciliation Recommendations of the House Committee on Education and the Workforce 1 (October 2, 2015)

handle is hein.congrec/cbo2513 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE October 2, 2015 Reconciliation Recommendations of the House Committee on Education and the Workforce As ordered reported by the House Committee on Education and the Workforce on September 30, 2015 SUMMARY S. Con. Res. 11, the Concurrent Resolution on the Budget for fiscal year 2016, instructed several committees of the House of Representatives to recommend legislative changes that would reduce deficits by at least $1 billion over the 2016-2025 period. As part of that reconciliation process, the House Committee on Education and the Workforce has approved legislation on September 30, 2015, that would reduce deficits. The legislation would repeal the requirement that certain large employers automatically enroll new employees in health insurance plans and continue the enrollment of current employees in a health insurance plan. CBO and the staff of the Joint Committee on Taxation (JCT) estimate that enacting the legislation would reduce federal deficits by $7.9 billion over the 2016-2025 period. The 2016-2025 total consists of $2.5 billion in on-budget savings and $5.4 billion in off-budget savings. CBO and JCT estimate that enacting the legislation would not increase on-budget deficits in any of the four consecutive 10-year periods beginning in 2026; however, the agencies estimate that enacting the legislation would increase net direct spending by at least $5 billion in one or more of the four 10-year periods beginning in 2026. The legislation contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of the legislation is shown in the following table. The costs of this legislation fall within budget function 550 (health). For this estimate, CBO and JCT assume that the legislation will be enacted at the end of calendar year 2015.

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