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1 1 (April 2, 2020)

handle is hein.congrec/cboplmes0001 and id is 1 raw text is: O CONGRESSIONAL BUDGET OFFICE Phillip L. Swagel, Director U.S. Congress Washington, DC 20515 April 2, 2020 Honorable Nita M. Lowey Chairwoman Committee on Appropriations U.S. House of Representatives Washington, DC 20515 Re: Preliminary Estimate of the Effects of H.R. 6201, the Families First Coronavirus Response Act Dear Madam Chairwoman: The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) have completed a preliminary estimate of the budgetary effects of H.R. 6201, the Families First Coronavirus Response Act, which was enacted as Public Law 116-127 on March 18, 2020.1 CBO will provide a comprehensive analysis of this act and all related legislation when it publishes its updated baseline budget projections later this year.2 On a preliminary basis, CBO and JCT estimate that the Families First Coronavirus Response Act will increase federal deficits by $192 billion over the 2020-2030 period, mostly in fiscal years 2020 and 2021 (see Table 1). That estimate includes: e A $2.4 billion increase in discretionary spending stemming from emergency supplemental appropriations, 1. H.R. 6201 is appropriation legislation; however, division H of the law specifies that divisions B through G are to be treated as authorizing legislation. Division H also requires the exclusion of the estimated budgetary effects of those divisions from the pay-as-you-go scorecards maintained by the Senate and the Office of Management and Budget. 2. In addition, within two weeks, CBO will publish a preliminary cost estimate for H.R. 748, the CARES Act (P.L. 116-136), which was signed into law on March 27, 2020.

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