About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

H.R. 2548, Electrify Africa Act of 2014 1 (March 12, 2014)

handle is hein.congrec/cbo1544 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE March 12, 2014 H.R. 2548 Electrify Africa Act of 2014 As ordered reported by the House Committee on Foreign Affairs on February 27, 2014 SUMMARY H.R. 2548 would extend through 2017 the authority of the Overseas Private Investment Corporation (OPIC) to provide loans and insurance to help U.S. companies invest and expand in overseas markets. It also would require the Administration to encourage the private sector, other nations, international organizations, and nonprofits to increase access to electricity in sub-Saharan Africa. CBO estimates that implementing the legislation would save $86 million over the 2014-2019 period, assuming appropriation actions consistent with the bill. Pay-as-you-go procedures do not apply because enacting this legislation would not affect direct spending or revenues. H.R. 2548 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of H.R. 2548 is shown in the following table. The costs of this legislation fall within budget function 150 (international affairs). BASIS OF ESTIMATE For this estimate, CBO assumes that H.R. 2548 will be enacted in 2014, that the necessary amounts will be appropriated each year, and that outlays will follow historical spending patterns for the affected programs.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most