Congressional Budget Office Cost Estimate: H.R. 201, Poverty Impact Trigger Act of 2013   [open pdf - 19KB]

This is the Congressional Budget Office (CBO) Cost Estimate as introduced on January 4, 2014. From the Document: "H.R. 201 would establish a Poverty Impact Division within the Congressional Budget Office (CBO) to project the effect of legislation on individuals and families whose income falls below a poverty threshold defined in the bill as 200 percent of the poverty line, as established by current law. (The bill also refers to this new division as the CBO Poverty Index Division.) In addition, H.R. 201 would amend the Rules of the House of Representatives to establish a point of order against considering legislation that would authorize an appropriation of $10 million or more unless an impact statement from the new CBO division accompanies the bill. Based on the cost of completing other analyses that are similar in scope, CBO estimates that implementing H.R. 201 would cost $1 million to $2 million annually, assuming appropriation of the necessary amounts. Those funds would be used to pay for salaries and expenses of analysts and a manager for the new division, including the costs of acquiring the necessary data. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply."

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