Letter from Phillip L. Swagel to Adam Smith Regarding Direct Spending and Revenue Effects of H.R. 4350, the National Defense Authorization Act for Fiscal Year 2022, September 9, 2021 [open pdf - 232KB]
This letter is from Congressional Budget Office (CBO) Director Phillip L. Swagel to Adam Smith, Chairman of the House Committee on Armed Services. From the letter: "The Congressional Budget Office has completed the enclosed estimate of the direct spending and revenue effects of H.R. 4350, the National Defense Authorization Act for Fiscal Year 2022, as ordered reported by the House Committee on Armed Services on September 2, 2021. This estimate is based on the Committee Print 117-13 that was posted to the website of the House Committee on Rules on September 7, 2021. Enacting the bill would have an insignificant effect on net direct spending and revenues, CBO estimates. Our complete cost estimate of H.R. 4350, including a discussion of discretionary authorizations and mandates under the Unfunded Mandates Reform Act, will be provided shortly." An enclosed table is labeled "Estimated Changes in Direct Spending and Revenues Under H.R. 4350, as Ordered Reported by the House Committee on Armed Services on September 2, 2021, and Posted on the Website of the House Committee on Rules as Committee Print 117-13 on September 7, 2021."
Congressional Budget Office: https://www.cbo.gov/