Congressional Budget Office V. The Economic Impact of S. 744, the Border Security, Economic Opportunity, and Immigration Modernization Act

The Economic Impact of S. 744, the Border Security, Economic Opportunity, and Immigration Modernization Act 1 (June 2013)

handle is hein.congrec/cbo11176 and id is 1 raw text is: JUNE 2013
The Economic Impact of S. 744, the
Border Security, Economic Opportunity,
and Immigration Modernization Act
Summary
The Border Security, Economic Opportunity, and Immigration Modernization Act
(S. 744) would revise laws governing immigration and the enforcement of those laws,
allowing for a significant increase in the number of noncitizens who could lawfully
enter the United States permanently or temporarily.1 The bill also would create a
process for many currently unauthorized residents to gain legal status, subject to their
meeting conditions specified in the bill. The Congressional Budget Office (CBO) and
the staff of the Joint Committee on Taxation (JCT) have prepared an estimate of the
cost of that legislation to the federal government, including projections of the bill's
effects on both federal spending and federal revenues.2
That cost estimate reflects some, but not all, of the effects that S. 744 would have on
the economy. This supplemental report provides estimates of the overall economic
impact of the legislation and of the incremental federal budgetary effects of changes in
the economy that the cost estimate does not reflect. Ascertaining the effects of
immigration policies on the economy and the federal budget is complicated and
highly uncertain, even in the short run, and that task is even more difficult for longer
periods; for that reason, this report addresses the next 20 years but does not attempt to
look over a longer horizon.
1.This analysis addresses the version of the bill that was reported by the Senate Committee on the
Judiciary on May 28, 2013, including the amendments made in the star print of June 6, 2013.
2. See Congressional Budget Office, cost estimate for 5. 744, the Border Security, Economic
Opportunity, and Immigration Modernization Act (June 18, 2013), xxxvcbogovipubiiationi
4425. That estimate includes an analysis of the mandates that the bill would impose on state,
local, and tribal governments (as mandates are defined in the Unfunded Mandates Reform Act),
but like CBO's other cost estimates, it does not assess all of the effects that the bill would have on
the budgets of such governments.

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