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H.R. 4809, a bill to reauthorize the Defense Production Act, to improve the Defense Production Act Committee, and for other purposes 1 (June 26, 2014)

handle is hein.congrec/cbo1752 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 26, 2014 H.R. 4809 A bill to reauthorize the Defense Production Act, to improve the Defense Production Act Committee, and for other purposes As ordered reported by the House Committee on Financial Services on June 11, 2014 SUMMARY H.R. 4809 would authorize the appropriation, through fiscal year 2019, of such sums as may be necessary to carry out the provisions of the Defense Production Act of 1950 (DPA). CBO estimates that implementing the act would cost $390 million over the 2015-2019 period, assuming appropriation of the necessary amounts. Pay-as-you-go procedures do not apply to this legislation because it would not affect direct spending or revenues. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of H.R. 4809 is shown in the following table. The costs of this legislation fall within budget functions 050 (national defense) and 450 (community and regional development). By Fiscal Year, in Millions of Dollars 2015 2016 2017 2018 2019 2015- 2019 CHANGES IN SPENDING SUBJECT TO APPROPRIATION Estimated Authorization Level 135 135 135 135 135 675 Estimated Outlays 20 55 90 105 120 390 BASIS OF ESTIMATE For this estimate, CBO assumes that the estimated authorizations will be appropriated near the start of each fiscal year beginning with 2015 and that outlays will follow historical patterns for existing programs.

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