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1 Estimated Budgetary Effects of Title III, Committee on Environment and Public Works, for the Senate Amendment to H.R. 5376, the Build Back Better Act, as Posted on the Website of the Senate Democratic Leadership on December 15, 2021 1 (December 16, 2021)

handle is hein.congrec/cboebetiii0001 and id is 1 raw text is: Congressional Budget Office Cost Estimate December 16, 2021 By Fiscal Year, Millions of Dollars 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Budget Authority Estimated Outlays Estimated Revenues Estimated Effect on the Deficit Increases in Direct Spending 80,680 0 0 0 0 0 0 0 0 C 741 3,152 7,887 13,430 15,893 14,732 8,556 4,269 2,124 85E Increases in Revenues 0 0 0 1,200 1,300 1,400 1,200 1,050 950 85C Net Increases in the Deficit From Changes in Direct Spending and Revenues 741 3,152 7,887 12,230 14,593 13,332 7,356 3,219 1,174 E See https://ww.democrats.senate.aov/iro/media/doc/Title%20iil%20Cormittee%20on%20Environment%20and%20Public%20Works.pdf Budget authority reflects appropriations specifically provided in title Ill or amounts estimated by CBO. The costs of title Ill fall within budget functions 300 (natural resources and environment), 400 (transportation), 450 (community and regional development), and 800 (general government). Title Ill would not increase on-budget deficits after 2031. Title Ill would impose an intergovernmental and private-sector mandate as defined in the Unfunded Mandates Reform Act (UMRA) by levying new charges on public and private facilities in the oil and natural gas industry sectors that report methane emissions to the Environmental Protection Agency. It also would require states to set targets for reducing greenhouse gas emissions by public and private entities. Page 1 of 1 C

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