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H.R. 6361, Vulnerable Veterans Housing Reform Act of 2012 1 (September 14, 2012)

handle is hein.congrec/cbo10900 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE September 14, 2012 SUMMARY H.R. 6361 would modify certain formulas for calculating subsidies to families that receive federal housing assistance. Assuming that future appropriations actions are consistent with the bill, CBO estimates that implementing H.R. 6361 would reduce discretionary spending for the affected programs by $270 million over the 2013-2017 period. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. H.R. 6361 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 impact of H.R. 6361 is shown in the following table. The costs of this legislation fall within budget function 600 (income security). By Fiscal Year, in Millions of Dollars 2013- 2013 2014 2015 2016 2017 2017 CHANGES IN SPENDING SUBJECT TO APPROPRIATION Exclude Aid and Attendance Income Estimated Authorization Level 6 8 8 9 9 40 Estimated Outlays 3 7 8 9 9 36 Utility Allowances Estimated Authorization Level -50 -68 -72 -75 -77 -342 Estimated Outlays -27 -60 -70 -73 -76 -306 Total Changes Estimated Authorization Level -44 -60 -64 -66 -68 -302 Estimated Outlays -24 --53 -62 -64 -67 -270 H.R. 6361 Vulnerable Veterans Housing Reform Act of 2012 As ordered reported by the House Committee on Financial Services on September 12, 2012

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