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H.R. 3763, Surface Transportation Reauthorization and Reform Act of 2015 1 (October 30, 2015)

handle is hein.congrec/cbo2623 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE October 30, 2015 H.R. 3763 Surface Transportation Reauthorization and Reform Act of 2015 As reported by the House Committee on Transportation and Infrastructure on October 29, 2015 SUMMARY H.R. 3763 would provide budget authority for the Department of Transportation (DOT) to operate the surface transportation programs administered by the Federal Highway Administration (FHWA), the Federal Transit Administration (FTA), the National Highway Traffic Safety Administration (NHTSA), and the Federal Motor Carrier Safety Administration (FMCSA) for three years and programs administered by the Pipeline and Hazardous Materials Safety Administration (PHMSA) for six years.' The bill also would authorize the appropriation of funds for certain other transportation programs administered by those agencies. CBO and the staff of the Joint Committee on Taxation estimate the bill would: * Provide $167 billion in contract authority (the authority to incur obligations in advance of appropriations acts and a mandatory form of budget authority) over the 2016-2018 period. That amount is about $13 billion more than the amounts contained in CBO's baseline for such programs. * Provide about $2 billion in contract authority over the 2019-2021 period primarily for administrative expenses. * Authorize obligation limitations that would permit the obligation of $164 billion of contract authority over the 2016-2018 period and authorize the appropriation of $8 billion for programs administered by DOT. CBO estimates those authorizations would result in outlays of $165 billion over the 2016-2025 period. 1. Unlike most federal programs, surface transportation programs funded from the Highway Trust Fund have a split budgetary classification. For the surface transportation programs authorized by H.R. 3673, the budget authority is classified as mandatory but the outlays are classified as discretionary because they are controlled by limitations contained in appropriation acts. For more information on the treatment of surface transportation programs in the federal budget, see Congressional Budget Office, The Highway Trust Fund and the Treatment of Surface Transportation Programs in the Federal Budget, (June 2014), itps://wwwcbo.gov/publicatioi/45416

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