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H.R. 15, Border Security, Economic Opportunity, and Immigration Modernization Act 1 (March 25, 2014)

handle is hein.congrec/cbo1559 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director U.S. Congress Washington, DC 20515 March 25, 2014 Honorable Nancy Pelosi Minority Leader U.S. House of Representatives Washington, DC 20515 Dear Madam Leader: As you requested, the Congressional Budget Office (CBO) has reviewed H.R. 15, the Border Security, Economic Opportunity, and Immigration Modernization Act, as introduced on October 2, 2013. H.R. 15 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 on both a permanent and temporary basis. Additionally, the bill would create a process for many individuals who are present in the country now on an unauthorized basis to gain legal status, subject to requirements specified in the bill. The bill also would directly appropriate funds for tightening border security and enforcing immigration laws, and would authorize additional appropriations for those purposes. CBO and the staff of the Joint Committee on Taxation (JCT) have not completed a full, comprehensive cost estimate for H.R. 15. However, the bill is quite similar to the version of S. 744 that was reported by the Senate Committee on the Judiciary in 2013 (and later amended and passed by the Senate). Based on that similarity, we expect that enacting H.R. 15 would have effects on the population and the federal budget that would be quite similar to those of the committee-reported version of S. 744. Specifically, we expect that enacting H.R. 15 would increase direct spending and revenues by about the same amounts as S. 744, for a net reduction in federal budget deficits of about $200 billion over the 2015-2024 period and significantly greater amounts in the decade following 2024.1 In addition to the cost estimate for 5. 744, CBO prepared an analysis of the overall economic impact of that bill and of the incremental federal budgetary effects of those changes in the economy that were outside the 1. For more information, see CBO's cost estimate for S. 744 as reported by the Senate Committee on the Judiciary (June 18, 2013) at www.cbo.gov/publication/44225 and CBO's cost estimate for 5. 744 as passed by the Senate (July 3, 2013) at www.cbo.gov/publication/44397.

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