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H.R. 22, the FAST Act 1 (December 2, 2015)

handle is hein.congrec/cbo2683 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Keith Hall, Director U.S. Congress Washington, DC 20515 December 2, 2015 Honorable Bill Shuster Chairman Committee on Transportation and Infrastructure U.S. House of Representatives Washington, DC 20515 Re: Cost estimate for the conference agreement on H.R. 22, the FAST Act, as posted on the website of the House Committee on Rules on December 1, 2015. Dear Mr. Chairman, As you requested, the Congressional Budget Office (CBO) has reviewed the conference agreement for H.R. 22, the FAST Act. CBO's estimates of the budgetary impact of enacting the bill, including the status of the Highway Trust Fund under provisions of the FAST Act, are included in the enclosed tables. CBO estimates that: * Changes in direct spending and revenues from enacting the conference agreement would reduce budget deficits by $71 billion over the 2016-2025 period (see Tables 1 and 2). (Following the direction in section 3302 of the Concurrent Resolution on the Budget for Fiscal Year 2016, which specifies the treatment of transfers from the general fund of the Treasury to the Highway Trust Fund for budget enforcement purposes in the House of Representatives, CBO estimates that enacting the legislation would reduce budget deficits by $1 billion over the 2016-2025 period.) * Assuming appropriation actions consistent with the conference agreement, implementing the major provisions of the legislation would result in additional discretionary spending totaling $201 billion over the 2016-2020 period (see Table 4).

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