1 H.R. 2227, Gold Star Spouses and Spouses of Injured Servicemembers Leasing Relief Expansion Act of 2019, as Ordered Reported by the House Committee on Veterans' Affairs on October 29, 2019 1 (November 8, 2019)

handle is hein.congrec/cbogldstr0001 and id is 1 raw text is: 

j   Congressional Budget Office
       Cost Estimate

November 8, 2019

By Fiscal Year, Milions of Dollars  2020             2020-2024             2020-2029
Direct Spending (Outlays)              0                   0                     0

Increase or Decrease (-}
in the Deficit







Under current law, service members may terminate leases for residential, business, or other
properties, as well as leases for automobiles, after receiving permanent change of station or
deployment orders. H.R. 2227 would permit the spouse or dependent of a service member
who suffers a catastrophic injury or illness during military service to terminate property and
automobile leases previously entered into by the service member. Under the bill, the spouse
could terminate such leases without charge or penalty during the year following the date the
service member incurs the catastrophic injury or illness. CBO estimates that H.R. 2227
would not affect the federal budget.

H.R. 2227 would impose a mandate on real property and automobile lessors by prohibiting
them from charging early termination fees to eligible spouses or dependents of service
members who cancel property or automobile leases. CBO expects fewer than 500 individuals
would be affected by the bill each year. The cost of the mandate would be the value
remaining in the terminated contracts and forgone termination fees. CBO estimates that the
cost of the mandate would fall well below the annual threshold established in the Unfunded
Mandates Reform Act for private-sector mandates ($164 million in 2019, adjusted annually
for inflation).

The CBO staff contacts for this estimate are Logan Smith (for federal costs) and Brandon
Lever (for mandates). The estimate was reviewed by Leo Lex, Deputy Assistant Director for
Budget Analysis.

                See also CBO's Cost Estimates Explained, www cbo.gov/publicationi54437;
  How CBO Prepares Cost Estimates, www.cbo.gov/pubication/53519; and Glossary, www.cbo~govipubication/42904.

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