ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 94, A Bill to Amend the Internal Revenue Code of 1986 to Prohibit the Use of Public Funds for Political Party Conventions   [open pdf - 26KB]

"H.R. 94 would amend federal law to prohibit the use of public funds for political campaign conventions. By eliminating that option, CBO [Congressional Budget Office] estimates that enacting H.R. 94 would reduce direct spending by $126 million over the 2014-2023 period. In addition, the legislation would affect direct spending and federal penalties related to campaign financing (some of which are recorded in the budget as revenues and are available to be spent without further appropriation); CBO estimates, however, that any such effects would not be significant. Because the bill would affect direct spending and revenues, pay-as-you-go procedures apply. The staff of the Joint Committee on Taxation (JCT) estimates that enacting the legislation would have no impact on federal income tax revenues. JCT has determined that H.R. 94 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA)."

Publisher:
Date:
2013-06-26
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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