Other provisions would have insignificant effects on revenues.īecause the bill would affect direct spending and revenues, statutory pay-as-you-go procedures apply.ĬBO estimates that enacting H.R. Other provisions would have insignificant effects on direct spending.ĭivision G would reduce the maximum allowable size of the Federal Reserve Surplus fund in 2021, which would increase revenues by $15 million over the 2021-2030 period, CBO estimates. Division G would require federal banking regulators to take a number of actions to help the private sector comply with the Bank Secrecy Act implementing those requirements would increase costs.
Division H would allow the Coast Guard to spend recovered funds without further appropriation and also would temporarily prohibit the Coast Guard from charging certain fees. Two divisions of the act would increase net direct spending by $36 million over the 2021-2030 period. The net increase in the deficit would total $21 million over the 2021-2030 period. Enacting the legislation would increase both direct spending and revenues.
(Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021, as passed by the House of Representatives on July 21, 2020.
CBO has completed the estimate of the direct spending and revenue effects of H.R.
