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1 Amendment Number 2151 to S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protections Act [1] (March 8, 2018)

handle is hein.congrec/amdecief0001 and id is 1 raw text is: 3/8/2018 CBO Estimate of the Direct Spending and Revenue Effects of Amendment Number 2151, an amendment in the nature of a substitute to S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, as proposed by Senator McConnell for Senator Crapo on March 7, 2018.a By fiscalI year in millions of dollars 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2018-2022 2018-2027 INCREASES OR DECREASES (-) IN THE DEFICIT FROM CHANGES IN DIRECT SPENDING AND R EVE NUES New Leverage Ratio for Community Financial Institutions Changes in the Designation Process Changes to the Supplementary Leverage Ratio Federal Reserve Surplusb Other Changes Total Change in Deficit 0 6 16 21 15 15 10 10 10 10 0 2 9 15 15 15 14 14 14 16 0 3 0 -655 5 7 7 5 5 4 4 5 20 21 22 22 22 23 23 24 0 10 39 53 55 15 2 2 3 4 0 -634 89 117 114 72 53 53 54 59 Components of the Changes in the Deficit INCREASES IN DIRECT SPENDING Estimated Budget Authority 0 18 60 85 80 39 20 19 19 21 243 361 Estimated Outlays 0 17 61 85 80 39 20 19 19 21 243 361 INCREASES OR DECREASES (-) IN REVENUES Estimated Revenuesb 0 650 -28 -32 -34 -33 -33 -35 -34 -37 556 384 Note: Components may notsum to totals because of rounding. a. On March 5, 2018, CBO transmitted a cost estimate forS. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, as ordered reported by the Senate Committee on Banking, Housing, and Urban Affairs on December18, 2017, (www.cbo.gov/publication/53632). Some provisions inAmendment Number2151 are similarto provisions in S. 2155, as ordered reported by the Senate Committee on Banking, Housing, and Urban Affairs on December 18, 2017. b. Pursuant to section 232(b) of H.Con.Res. 290 (106th Congress), the Concurrent Budget Resolution for Fiscal Year2001, the budgetary effect of section 217 should not be scored as an increase in revenues. CBO estimates that section would reduce the maximum allowable size of the Federal Reserve Surplus fund and would increase net revenues to the Treasury by $478 million overthe 2018-2027 period. Withoutthe budgetary effects ofsection 217, enacting S. 2155 would increase federal deficits by $455 million overthe 2018-2027 period, CBO estimates. Fora brief description of howCBO treats transfers of the Federal Reserve Surplus fund, see the CBO costestimate for H.R. 1266, the Financial ProductSafety Commission Actof 2015 (wwv.cbo.gov/publication/53574).

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