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H.R. 985, Concrete Masonry Products Research, Education, and Promotion Act of 2015 [i] (December 7, 2016)

handle is hein.congrec/cbo3277 and id is 1 raw text is: December 7, 2016 Congressional Budget Office Estimate of the Effects on Direct Spending and Revenue for H.R. 985, the Concrete Masonry Products Research, Education, and Promotion Act of 2015, as Passed by the House of Representatives on November 14, 2016 (By fiscal year, in millions of dollars) 2017- 2017- 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2021 2026 INCREASES IN DIRECT SPENDING Estimated Budget Authority 0 8 11 11 11 12 12 12 13 13 41 103 Estimated Outlays 0 3 9 8 8 8 9 9 6 6 28 66 INCREASES IN REVENUES Estimated Revenues 0 6 8 8 8 9 9 9 10 10 30 77 NET INCREASE OR DECREASE (-) IN THE DEFICIT FROM CHANGES IN DIRECT SPENDING AND REVENUES Changes in Deficits 0 -3 1 0 0 0 0 0 -3 -4 -2 -10 Notes: Components may not sum to totals because of rounding. On September 4, 2015, CBO transmitted a cost estimate for H.R. 985, the Concrete Masonry products Research, Education, and Promotion Act of 2015, as ordered reported by the House Committee on Energy and Commerce on July 29, 2015. The version of H.R. 985 passed by the House of Representatives is similar to the version ordered reported by the House Committee on Energy and Commerce. Both versions of the legislation would establish the Concrete Masonry Products Board, upon approval of a referendum by producers of masonry products made from concrete (CMP), such as cinder blocks. Funding for those activities would be derived from assessments on CMP manufacturers based on the number of masonry units sold each year. However, the version passed by the House of Representatives includes a provision that would restrict the amount of money that the Concrete Masonry Products Board is authorized to obligate in a given year over the 2017-2026 period. CBO's cost estimates for the two versions of the legislation reflect that difference.

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