About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 CBO Estimate of the Statutory Pay-as-You-Go Effects of H.R. 2290, the Shutdown Guidance for Financial Institutions Act, as Posted on the Website of the House Majority Leader on September 13, 2019 1 (September 18, 2019)

handle is hein.congrec/cboshtg0001 and id is 1 raw text is: September 18, 2019 By Fiscal Year, Millions of Dollars 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Net Increases or Decreases (-) in the Deficit Statutory Pay-As-You-Go Effect 0 0 0 0 0 0 0 0 0 0 0 H.R. 2290 would require the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System to, in the event of a lapse in Congressional appropriations, issue guidance to financial institutions on how they can work with affected consumers and businesses. Those agencies also would be required to issue a report on the effectiveness of that guidance. The financing structure of those agencies vary and their costs are recorded in the budget as either direct spending or revenues. CBO estimates that enacting the bill would increase net costs at those agencies by less than $500,000 each year and would total $1 million over the 2019-2029 period. Thus, the deficit would increase by $1 million over that period.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most