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H.R. 3236, Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 1 (July 28, 2015)

handle is hein.congrec/cbo2453 and id is 1 raw text is: o CONGRESSIONAL BUDGET OFFICE Keith Hall, Director U.S. Congress Washington, DC 20515 July 28, 2015 Honorable Paul Ryan Chairman Committee on Ways and Means U.S. House of Representatives Washington, DC 20515 Re: Estimated Costs of H.R. 3236 Dear Mr. Chairman: The Congressional Budget Office has reviewed H.R. 3236, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (as introduced on July 28, 2015). CBO and the staff of the Joint Committee on Taxation (JCT) estimate the bill would: * Provide $12 billion in contract authority (the authority to incur obligations in advance of appropriation acts) through October 29, 2015; * Authorize an obligation limitation for fiscal year 2016 that would result in discretionary outlays totaling $4 billion over the 2016-2025 period; * Transfer $8.1 billion from the general fund of the Treasury to the Highway Trust Fund; and * Change direct spending and revenues; on net, those changes would decrease deficits by $6.9 billion over the 2015-2025 period.' New Contract Authority H.R. 3236 would extend the authorization for programs funded from the Highway Trust Fund through October 29, 2015, and would provide $12 billion in contract authority for that period, including about $8 billion for the remainder of fiscal year 2015 and about $4 billion for the first 1. CBO and JCT estimate that on-budget deficits would decrease by $6.924 billion and off-budget deficits would increase by $0.056 billion over the 2015-2025 period.

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