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S. 1009, a bill to extend the African Growth and Opportunity Act, the Generalized System of Preferences, the preferential duty treatment for Haiti, and for other purposes 1 (April 21, 2015)

handle is hein.congrec/cbo2225 and id is 1 raw text is: April 21, 2015 Estimated Effects on Direct Spending and Revenues of 5. 1009, a bill to extend the African Growth and Opportunity Act, the Generalized System of Preferences, the preferential duty treatment program for Haiti, and for other purposes, as introduced on April 20, 2015. (by fiscal year, in mil ions of dollars) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2015-2020 2015-2025 CHANGES IN DIRECT SPENDING Increase Rate and Extend Collection of Merchandise Processing Fees 0 0 0 0 0 0 -162 -873 -916 -962 -2,948 CHANGES IN REVENUES Extend African Growth and Opportunity Act Extend General System of Preferences Extend Haiti HOPE Act Shift Timing of Payment for Corporate Estimated Tax Total, Changes in Revenues Net Changes in Deficits * -121 -130 -238 -284 -298 -312 -329 -345 -365 -387 -1,071 -2,809 -1,051 -627 -665 -173 0 0 0 0 0 0 0 -2,516 -2,516 0 0 0 0 -12 -17 -75 -97 -101 -106 -112 -29 -520 0 0 0 0 0 3,781 -3,781 0 0 0 0 3,781 0 -1,051 -748 -795 -411 -296 3,466 -4,168 -426 -446 -471 -499 165 -5,845 NET INCREASES OR DECREASES (-) IN DEFICITS 1,051 748 795 411 296 -3,466 4,006 -447 -470 -491 -2,449 -165 -16 Sources: Congressional Budget Office and the staff of the Joint Committee on Taxation. Notes: Assumes enactment by July 1, 2015; * between -$500,000 and zero. HOPE= Hemispheric Opportunity through Partnership Encouragement. For direct spending, a negative number indicates a decrease in outlays; for revenues, a negative number indicates a reduction in revenues. CBO has not estimated the budgetary effects that implementing 5. 1009 might have on future spending subject to appropriation. Components may not sum to totals because of rounding. Previous CBO estimate for trade-related programs in the 114th Congress: H.R. 1891, a bill to extend the African Growth and Opportunity Act, the Generalized System of Preferences and the preferential duty treament program for Haiti, and for other purposes on April 17, 2015. 0 -5,861

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