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H.R. 3218, Harry W. Colmery Veterans Educational Assistance Act of 2017 1 (August 1, 2017)

handle is hein.congrec/cbo3729 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Keith Hall, Director U.S. Congress Washington, DC 20515 August 1, 2017 Honorable Phil Roe, M.D. Chairman Committee on Veterans' Affairs U.S. House of Representatives Washington, DC 20515 Dear Mr. Chairman: The Congressional Budget Office has completed an estimate of the direct spending and revenue effects of H.R. 3218, the Harry W. Colmery Veterans Educational Assistance Act of 2017, as passed by the House of Representatives on July 24, 2017. CBO's complete cost estimate for H.R. 3218, including discretionary costs, will be provided shortly. CBO estimates that enacting H.R. 3218 would reduce net direct spending by $222 million over the 2018-2027 period, primarily through changes to veterans education benefits. (See attached table.) Enacting the legislation would not affect revenues. Pay-as-you-go procedures apply, because enacting H.R. 3218 would affect direct spending. CBO estimates that enacting H.R. 3218 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028.

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