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Rules Committee Print 114-32, an amendment to H.R. 22, the DRIVE Act (as passed by the Senate on July 30, 2015) 1 (October 30, 2015)

handle is hein.congrec/cbo2624 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Keith Hall, Director U.S. Congress Washington, DC 20515 October 30, 2015 Honorable Pete Sessions Chairman Committee on Rules U.S. House of Representatives Washington, DC 20515 RE: Cost Estimate for Rules Committee Print 114-32 Dear Mr. Chairman: As you requested, the Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) have reviewed Rules Committee Print 114-32, an amendment to H.R. 22, the DRIVE Act (as passed by the Senate on July 30, 2015), as posted on the Web site of the House Committee on Rules on October 27, 2015. The estimated costs of the provisions of that amendment relative to CBO's baseline projections are presented in Table 1. Major Provisions and Estimated Cost Rules Committee Print 114-32 would: * Provide $158 billion in contract authority (the authority to incur obligations in advance of appropriation acts and a mandatory form of budget authority) for surface transportation programs over the 2016-2018 period; * Provide $2 billion in contract authority, over the 2019-2021 period, for the salaries and expenses of Department of Transportation (DOT) staff to administer the programs, primarily so that obligations made with contract authority from prior years could be liquidated; * Rescind $6 billion of unobligated contract authority in 2018; * Authorize obligation limitations that would permit the use of $157 billion of contract authority over the 2016-2020 period and authorize the appropriation of $7 billion for programs administered by DOT; and

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