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H.R. 1735, National Defense Authorization Act for Fiscal Year 2016 1 (September 30, 2015)

handle is hein.congrec/cbo2541 and id is 1 raw text is: 9/30/2015 14:33 CBO Estimate of the Direct Spending and Revenue Effects for H.R. 1735, the National Defense Authorization Act for Fiscal Year 2016, as posted on the House Rules Committee Website on September 29, 2015 (https://rules.house.gov/conference-report/hr-1735) By Fiscal Year, in Millions of Dollars 2016- 2016- 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2020 2025 Section CHANGES IN DIRECT SPENDING 702 TRICARE Pharmacy Copayments Estimated Budget Authority 82 122 149 167 193 233 233 133 105 81 713 1,498 Estimated Outlays 66 112 143 163 187 224 233 155 111 86 671 1,480 1216 Special Immigrant Visas Estimated Budget Authority 16 45 40 37 34 34 34 33 32 32 172 336 Estimated Outlays 16 45 40 37 34 34 34 33 32 32 172 336 633 Lump Sum Retirement Option Estimated Budget Authority 0 0 5 8 6 5 4 3 2 2 19 35 Estimated Outlays 0 0 5 8 6 5 4 3 2 2 19 35 602 Supplemental Subsistence Allowance Estimated Budget Authority I I I I I I 1 1 1 4 9 Estimated Outlays I I I I I I 1 1 1 4 9 641 Survivor Benefit Plan Estimated Budget Authority I Estimated Outlays I Total Changes in Direct Spending Estimated Budget Authority 66 76 103 121 152 193 194 96 70 46 518 1,117 Estimated Outlays 50 66 97 117 146 184 194 118 76 51 476 1,099 CHANGES IN REVENUES 632 Thrift Savings Plan 0 0 46 109 127 136 149 161 174 187 282 1,089 NET INCREASE OR DECREASE (-) IN THE DEFICIT Estimated Impact on the Deficit 50 66 51 8 19 48 45 43 98 136 194 10 Sources Congressional Budget Office and the staff of the Joint Committee on Taxation Notes Other provisions of H.R. 1735 would affect direct spending by less than $500,000 each year and in total over the 2016 2025 period. Numbers may not add up to totals because of rounding; * = less than $500,000. a Pursuant to section 3101 of the Concurrent Resolution on the Budget for Fiscal Year 2016 (S. Con. Res. 11), CBO estimates H.R. 1735 would increase direct spending and net deficits by more than $5 billion in at least one of the four consecutive 10 year periods starting in 2026. In the ten years after 2025 mandatory outlays associated with retirement reform would accelerate as an increasing number of military members would be bound by the rules of the new retirement system and would thus be eligible for a lump sum payment when they retire. In subsequent decades. however, the savings from the reduced or forgone annuities would exceed the annual spending on lump sum payments.

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