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1 Direct Spending and Revenue Effects of H.R. 4863, the United States Export Finance Agency Act of 2019 1 (November 4, 2019)

handle is hein.congrec/cbodsprv0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Phillip L. Swagel, Director U.S. Congress Washington, DC 20515 November 4, 2019 Honorable Maxine Waters Chairwoman Committee on Financial Services U.S. House of Representatives Washington, DC 20515 Re: Direct Spending and Revenue Effects of H.R. 4863, the United States Export Finance Agency Act of 2019 Dear Madam Chairwoman: The Congressional Budget Office has completed an initial review of H.R. 4863, the United States Export Finance Agency Act of 2019, as ordered reported by the House Committee on Financial Services on October 31, 2019. CBO estimates that enacting the bill would not affect direct spending or revenues; thus, statutory pay-as-you-go procedures do not apply. CBO is reviewing the bill for effects on spending subject to appropriation and will provide that estimate as soon as possible. If you wish further details on this estimate, we will be pleased to provide them. The CBO staff contact is Sunita D'Monte. Sincerely, Phillip L. Swagel Enclosure cc: Honorable Patrick McHenry Ranking Member

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