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1 1 (October 27, 2017)

handle is hein.congrec/cbo3884 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE October 27, 2017 H.R. 3561 A bill to amend title 38, United States Code, to permit appraisers approved by the Secretary of Veterans Affairs to make appraisals for the purposes of chapter 37 of such title based on inspections performed by third parties As ordered reported by the House Committee on Veterans' Affairs on October 12, 2017 SUMMARY H.R. 3561 would modify the process for appraising homes purchased with loans that are guaranteed by the Department of Veterans Affairs (VA). CBO expects that those changes would slightly increase the number of loans that VA guarantees. The cost of those loan guarantees are paid from mandatory appropriations. CBO estimates that enacting H.R. 3561 would increase direct spending by $10 million over the 2018-2027 period. Because enacting H.R. 3561 would affect direct spending, pay-as-you-go procedures would apply. Enacting the bill would not affect revenues. CBO estimates that enacting H.R. 3561 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. 3561 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 3561 is shown in the following table. The costs of this legislation fall within budget function 700 (veterans benefits and services). a

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