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H.R. 675, Veterans' Compensation Cost-of-Living Adjustment Act of 2015 1 (July 2, 2015)

handle is hein.congrec/cbo2376 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 2, 2015 H.R. 675 Veterans' Compensation Cost-of-Living Adjustment Act of 2015 As ordered reported by the House Committee on Veterans' Affairs on May 21, 2015 SUMMARY H.R. 675 would make changes to several benefit programs administered by the Department of Veterans Affairs (VA), and to the administrative processes of the Court of Appeals for Veterans Claims (CAVC). CBO estimates that enacting H.R. 675 would decrease net direct spending by $4 million over the 2016-2025 period. Pay-as-you-go procedures apply because enacting the legislation would affect direct spending. Enacting the bill would have no effect on revenues. In addition, CBO estimates that implementing the bill would cost $5 million over the 2016-2020 period, subject to the availability of appropriated funds. H.R. 675 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 675 is shown in Table 1. The costs of this legislation fall within budget function 700 (veterans benefits and services). C

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