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Long-Term Analysis of H.R. 3821, the Bipartisan Retirement Security Act of 2004 [i] (July 2004)

handle is hein.congrec/cbo8625 and id is 1 raw text is: CONG RESSIONAL BUDUGET OF FICE Douglas Holtz-Eaki, Director 4iU.S. Congress Washington, DC 20515 July 21, 2004 Honorable Jim Kolbe U.S. House of Representatives Washington, DC 20515 Dear Congressman: In response to your request, the Congressional Budget Office (CBO) has prepared the enclosed analysis of the long-termn impact of H.R 3 82 1, the Bipartisan Retirement Security Act of 2004 (as introduced on February 24, 2004). The analysis considers the impact that the proposed reform would have on the Social Security program, the federal budget, the U.S. economy, and present and future beneficiaries. CBO has also prepared a separate cost estimate of the bill that addresses the budgetary effects of the legislation over the 2005-20 14 period, assuming enactment this year. If you wish further details on these analyses, we would be pleased to provide them. The CBO staff contacts are Kathy Ruffing (for the cost estimate), who can be reached at 226-2820, and Noah Meyerson (for the long-term analysis), who can be reached at 226-2666. Sincerely, Douglas Holtz-Eakin Enclosure cc: Honorable William Bill M. Thomas Chairmnan Committee on Ways and Means Honorable Charles B. Rangel Ranking Member Identical letter sent to the Honorable Charles W. Stenholm. www.cbo.gov

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