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H.R. 3218, Harry W. Colmery Veterans Educational Assistance Act of 2017 1 (September 6, 2017)

handle is hein.congrec/cbo3787 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE a COST ESTIMATE September 6, 2017 H.R. 3218 Harry W. Colmery Veterans Educational Assistance Act of 2017 As cleared by the Congress on August 2, 2017, and signed by the President on August 16, 2017 SUMMARY Enacting H.R. 3218 would affect several education benefits programs administered by the Department of Veterans Affairs (VA). It would also increase compensation benefits for a small number of World War II veterans. On net, those changes would decrease direct spending by $177 million over the 2018-2027 period. In addition, H.R. 3218 would make several changes to the management of education benefits and would require several reports on VA programs. In total, CBO estimates that implementing those provisions would cost $53 million over the 2018-2022 period, subject to appropriation of the necessary amounts. Pay-as-you-go procedures apply because enacting the legislation would affect direct spending. Enacting the bill would not affect revenues. CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. H.R. 3218 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 3218 is shown in Table 1. The costs of this legislation fall within budget function 700 (veterans benefits and services).

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