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H.R. 4670, Secure Delivery for America Act of 2014 1 (November 6, 2014)

handle is hein.congrec/cbo1990 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE November 6, 2014 H.R. 4670 Secure Delivery for America Act of 2014 As ordered reported by the House Committee on Oversight and Government Reform on May 21, 2014 SUMMARY H.R. 4670 would require the United States Postal Service (USPS) to phase out direct delivery of mail to some customers' doors. CBO estimates that enacting the legislation would result in off-budget savings of about $9 billion over the 2015-2024 period. (USPS cash flows are recorded in the federal budget in the Postal Service Fund and are classified as off-budget.) Enacting H.R. 4670 would not affect federal revenues or on-budget direct spending; therefore, pay-as-you-go procedures do not apply. H.R. 4670 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of H.R. 4670 is shown in the following table. The costs of this legislation fall within budget function 370 (commerce and housing credit). By Fiscal Year, in Millions of Dollars 2015- 2015- 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2019 2024 O CHANGES IN DIRECT SPENDING (OFF-BUDGET) Estimated Budget Authority -10 -90 -300 -550 -800 -1,050 -1,250 -1,450 -1,650 -1,850 -1,750 -9,000 Estimated Outlays -10 -90 -300 -550 -800 -1,050 -1,250 -1,450 -1,650 -1,850 -1,750 -9,000

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