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H.R. 570, American Heroes COLA Act 1 (May 14, 2013)

handle is hein.congrec/cbo11163 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE May 14, 2013 H.R. 570 American Heroes COLA Act As ordered reported by the House Committee on Veterans'Affairs on May 8, 2013 SUMMARY H.R. 570 would provide a permanent annual cost-of-living adjustment (COLA) to the amounts paid to veterans for disability compensation and to their survivors for dependency and indemnity compensation, and would round down that adjustment to the next lower whole dollar. The effective date of those provisions would be December 1, 2014. CBO estimates that enacting H.R. 570 would decrease direct spending by $26 million in 2015 and by about $1.4 billion over the 2015-2023 period. Pay-as-you-go procedures apply because enacting the legislation would affect direct spending. Enacting H.R. 570 would not affect revenues. H.R. 570 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. 570 is shown in the following table. The costs of this legislation fall within budget function 700 (veterans benefits and services). By Fiscal Year, in Millions of Dollars 2014- 2014- 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2018 2023 0o CHANGES IN DIRECT SPENDING Estimated Budget Authority 0 -26 -55 -84 -112 -144 -177 -212 -252 -290 -277 -1,351 Estimated Outlays 0 -26 -55 -84 -112 -144 -177 -212 -252 -290 -277 -1,351

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