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

1 CBO Estimate for H.R. 6800, the Heroes Act, as Passed by the House of Representatives on May 15, 2020 1 (June 1, 2020)

handle is hein.congrec/coethr0001 and id is 1 raw text is: By Fiscal Year, Billions of Dollars 22- 2020 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 INCREASES OR DECREASES (-) IN DISCRETIONARY APPROPRIATIONS (Division A) Estimated Budget Authority 1,512 1 0 0 0 0 0 0 0 0 0 1,513 1113 Estimated Outlays 706 562 103 60 54 16 9 1 * 0 0 1 1,591 1,511 INCREASES OR DECREASES (-) IN REVENUES (Div.A, Subsection 10607(d) and Divisions B through T) Estimated Revenues -178 -179 -43 10 -5 -7 2 20 22 24 24 INCREASES OR DECREASES (-) IN DIRECT SPENDING (Div. A, Subsection 10607(d) and Divisions B through T) Estimated Budget Authority 1,043 494 29 29 -6 -9 11 10 11 11 11 1632 Estimated Outlays 835 690 38 24 -7 -9 11 10 11 11 11 1,621 NET INCREASE OR DECREASE (-) IN THE DEFICIT Total 1,719 1,431 183 74 52 14 18 -9 -12 -13 -13 475 $44 On-Budget 1,719 1,431 183 74 53 14 18 -8 -12 -13 -13 4 1 3,448 Off-Budget * * * * * * * * * * * Sources: Congressional Budget Office; staff of the Joint Committee on Taxation. This table was revised on June 1, 2020, to correct a spreadsheet error that overstated discretionary outlays under division A by $3.4 billion dollars over the 2021-2022 period. Components may not sum to totals because of rounding. Estimates are relative to CBO's March 2020 baseline, except as noted. Enactment is assumed in July 2020. • between -$500 million and $500 million. The Heroes Act is appropriation legislation, but subsection 10607(d) and section 11009 of division A specify requirements for the budgetay treatment of subsection 10607(d) and for divisions B through T. Consistent with those requirements, and at the direction of the House Committee on the Budget, subsection 10607(d) and divisions B through T are considered authorizing legislation rather than appropriation legislation and thus their estimated direct spending and revenue effects are subject to pay-as-you-go procedures. However, the legislation also would require the estimated budgetary effects stemming from those provisions to be excluded from pay-as-you-go scorecards maintained by the U.S. Senate and the Office of Management and Budget. The act contains intergovernmental and private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). CBO estimates that the costs of mandates on private entities would exceed the private- sector threshold established in UMRA, and the costs of mandates on state, local, and tribal governments would fall below the threshold for intergovernmental mandates (those thresholds are $168 million and $84 million, respectively, adjusted annually for inflation). Page 1 Table 1. Summary of Estimated Budgetary Effects Revised June 1. 2020

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