ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 2481, Veterans Economic Opportunity Act of 2013   [open pdf - 51KB]

"H.R. 2481 would decrease direct spending by increasing the fees charged to certain veterans who obtain loans guaranteed by the Department of Veterans Affairs (VA). In addition, the bill would increase direct spending by enhancing certain protections for servicemembers and veterans with home mortgages, and by expanding eligibility for education scholarships. On net, the bill would decrease direct spending by $149 million over the 2014-2018 period and by $120 million over the 2014-2023 period, CBO [Congressional Budget Office] estimates. Pay-as-you-go procedures apply because enacting the legislation would affect direct spending and revenues. (The effect on revenues would be insignificant.) H.R. 2481 also would increase spending subject to appropriation, primarily by extending the authorization of appropriations for a program that serves homeless veterans. CBO estimates that implementing H.R. 2481 would have a discretionary cost of $218 million over the 2014-2018 period, subject to appropriation of the necessary amounts."

Publisher:
Date:
2013-08-23
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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