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1 1 (October 30, 2017)

handle is hein.congrec/cbo3835 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE October 30, 2017 H.R. 760 Postal Service Financial Improvement Act of 2017 As ordered reported by the House Committee on Oversight and Government Reform on March 16, 2017 SUMMARY CBO estimates that enacting H.R. 760 would increase direct spending for retirees of the Postal Service (USPS) by $11.4 billion over the 2018-2022 period but would have no net effect on direct spending over the 2018-2027 period. Under the bill funds from a government account would be transferred to a privately operated investment fund and later deposited back into the Treasury, including any accumulated earnings. Pay-as-you-go procedures apply to this bill because those transfers 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. 760 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. 760 is shown in the following table. The costs of this legislation fall within budget function 550 (health).

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