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1 H.R. 5693, Long-Term Care Veterans Choice Act 1 (July 19, 2018)

handle is hein.congrec/cboltcvca0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 19, 2018 H.R. 5693 Long-Term Care Veterans Choice Act As ordered reported by the House Committee on Veterans' Affairs on July 12, 2018 SUMMARY H.R. 5693 would expand the authority of the Department of Veterans Affairs (VA) to provide long-term care for certain veterans and would reorganize the administration of several veterans benefit programs. CBO estimates that implementing the bill would cost $200 million over the 2019-2023 period, assuming appropriation of the necessary amounts. In addition, the bill would modify the program that provides mortgage loan guarantees for veterans. CBO estimates that enacting H.R. 5693 would decrease direct spending by $202 million over the 2019-2028 period. Pay-as-you-go procedures apply because enacting the legislation would affect direct spending. Enacting the bill would not affect revenues. CBO estimates that enacting H.R. 5693 would not increase net direct spending or on- budget deficits in any of the four consecutive 10-year periods beginning in 2029. H.R. 5693 contains no intergovernmental or private-sector mandates as defined in the Unfounded Mandates Reform Act (UMRA). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effects of H.R. 5693 are shown in Table 1. The costs of the legislation fall within budget function 700 (veterans benefits and services).

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