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H.R. 3979, Carl Levin and Howard P. 'Buck' McKeon National Defense Authorization Act for Fiscal Year 2015 1 (December 4, 2014)

handle is hein.congrec/cbo1994 and id is 1 raw text is: O CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director U.S. Congress Washington, DC 20515 December 4, 2014 Honorable Howard P. 'Buck' McKeon Chairman Committee on Armed Services U.S. House of Representatives Washington, DC 20515 Dear Mr. Chairman: The Congressional Budget Office has completed an estimate of the direct spending and revenue effects of H.R. 3979, the Carl Levin and Howard P. 'Buck' McKeon National Defense Authorization Act for Fiscal Year 2015, as posted on the website of the House Committee on Rules on December 2, 2014, as Amended by H. Res. 770, with a Subsequent Amendment. CBO estimates that enacting this bill would have an insignificant effect on direct spending in 2015, and decrease such spending by $1.9 billion over the 2015-2024 period (see attached table). In addition, enacting the bill would reduce revenues by an insignificant amount over that same period. Because the bill would affect direct spending and revenues, pay-as-you-go procedures apply. CBO has not completed an estimate of the discretionary costs of implementing H.R. 3979. Estimates for earlier versions of the bill can be found on CBO's website. 1 1. Congressional Budget Office, cost estimate for H.R. 4435, the Howard P. 'Buck' McKeon National Defense Authorization Act for Fiscal Year 2015, as reported by the House Committee on Armed Services on May 13, 2014 (May 16, 2014) www.cbo.gov/sites/default/files/hr4435.df Congressional Budget Office, cost estimate for S. 2410, the Carl Levin National Defense Authorization Act for Fiscal Year 2015, as reported by the Senate Committee on Armed Services on June 2, 2014 (October 21, 2014) www.cbo.gov/sites/default/files/cbofiles/attachments/s.241 0.pdf

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