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H.R. 2179 A Bill to Amend Title 49, United States Code, to direct the Assistant Secretary of Homeland Security 1 (April 12, 2012)

handle is hein.congrec/cbo10712 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE April 12, 2012 H.R. 2179 A bill to amend title 49, United States Code, to direct the Assistant Secretary of Homeland Security (Transportation Security Administration) to transfer unclaimed money recovered at airport security checkpoints to United Service Organizations, Incorporated, and for other purposes As ordered reported by the House Committee on Homeland Security on March 28, 2012 SUMMARY According to the Transportation Security Administration (TSA), airline passengers have left behind roughly $400,000 in unclaimed money at airport security checkpoints in each of the past two fiscal years. H.R. 2179 would amend current law to require TSA to transfer such unclaimed funds to a nonprofit organization that provides assistance to military personnel. CBO estimates that enacting H.R. 2179 would increase net direct spending by about $1 million in 2013; therefore, pay-as-you-go procedures apply. We also estimate that that near-term increase in direct spending would be fully offset by a corresponding reduction in direct spending in later years, resulting in no significant net change over time. Enacting H.R. 2179 would not affect revenues or spending subject to appropriation. H.R. 2179 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of H.R. 2179 is shown in the following table. The costs of this legislation fall within budget function 400 (transportation).

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