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S. 744, Border Security, Economic Opportunity, and Immigration Modernization Act 1 (July 3, 2013)

handle is hein.congrec/cbo11180 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director U.S. Congress Washington, DC 20515 July 3, 2013 Honorable Patrick J. Leahy Chairman Committee on the Judiciary United States Senate Washington, DC 20510 Dear Mr. Chairman: CBO and the staff of the Joint Committee on Taxation (JCT) have reviewed S. 744, the Border Security, Economic Opportunity, and Immigration Modernization Act, as passed by the Senate on June 27, 2013. This letter and the enclosed tables summarize CBO and JCT's analysis of that legislation, reflecting the adoption of Senate Amendment 1183 prior to the Senate's completion of action on S. 744.' Estimated Impact on the Federal Budget for 2014 Through 2023 CBO estimates that, by 2023, enacting S. 744 would lead to a net increase of 9.6 million in the total number of people residing in the United States, compared with the number of people projected under current law. The resulting increase in the number of legal residents would boost direct spending for federal benefit programs; direct spending for enforcement and other purposes would also rise. Under the act, federal revenues would be higher as well, mostly because of the larger size of the labor force. Finally, implementing the act would require an increase in discretionary funding (that is, funding subject to annual appropriation actions) for immigration-related activities. CBO and JCT estimate that enacting S. 744, as passed by the Senate, would generate changes in direct spending and revenues that would decrease federal budget deficits by $158 billion over the 2014-2023 period (see Table 1, enclosed with this letter). CBO also estimates that implementing the legislation would result in net discretionary costs of $23 billion over the 2014- 2023 period, assuming appropriation of the amounts authorized or otherwise 1.For additional information on the analysis of S. 744 by CBO and JCT, see the cost estimate transmitted on June 18, 2013 (for 5. 744 as approved by the Senate Committee on the Judiciary) and a letter transmitted on June 24, 2013, providing a preliminary analysis for Senate Amendment 1183. www x cbo.govipublicationi44225 and wxwcbogovipublicationi44372, respectively.

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