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H.R. 2085, a Bill to Approve an Agreement between the United States and the Republic of Palau, and for Other Purposes 1 (June 13, 2017)

handle is hein.congrec/cbo3584 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE a COST ESTIMATE June 13, 2017 H.R. 2085 A bill to approve an agreement between the United States and the Republic of Palau, and for other purposes As ordered reported by the House Committee on Natural Resources on April 27, 2017 SUMMARY H.R. 2085 would change and approve the agreement and appendices signed between the United States and the Republic of Palau on September 3, 2010, in connection with the Compact of Free Association between the two nations. The compact, agreements, and appendices that were approved in 1994 govern the political, economic, and military relationships between the United States and Palau. CBO estimates that enacting the bill would increase direct spending by $156 million over the 2018-2027 period. Because enacting the bill would affect direct spending, pay-as-you-go procedures apply. Enacting the bill would not affect revenues. CBO also estimates that if appropriated funds are provided, continuing federal services in Palau would cost $108 million over the 2018-2022 period. CBO estimates that enacting H.R. 2085 would not increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2028. H.R. 2085 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 2085 is shown in the following table. The costs of this legislation fall within all budget functions that provide services to Palau.

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