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S. 2937, Department of State Authorization Act, Fiscal Year 2017 1 (July 13, 2016)

handle is hein.congrec/cbo3043 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 13, 2016 S. 2937 Department of State Authorization Act, Fiscal Year 2017 As reported by the Senate Committee on Foreign Relations onMay 17, 2016 SUMMARY S. 2937 would restructure the Department of State's authority to collect and spend consular fees and make other changes to its operations. In particular, the bill would allow the department to spend fees it currently deposits in the Treasury without further appropriation action. CBO estimates that enacting S. 2937 would increase direct spending by $6.5 billion over the 2017-2026 period; therefore, pay-as-you-go procedures apply. The bill also could have an insignificant effect on revenues. In addition, CBO estimates that implementing the bill would reduce net discretionary costs by about $50 million over the 2017-2021 period, assuming appropriation actions consistent with the bill. CBO estimates that enacting S. 2937 would increase net direct spending and on-budget deficits by more than $5 billion in each of the four consecutive 10-year periods beginning in 2027. S. 2937 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effects of S. 2937 are shown in Table 1. The costs of this legislation fall primarily within budget function 150 (international affairs).

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