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cost estimate
July 17, 2012
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As posted on the Web site of the House Committee on Rules on July 13, 2012
H.R. 6018 would authorize appropriations for the Department of State and related agencies, the Peace Corps, and international broadcasting activities. CBO estimates that implementing the bill would cost $15.8 billion over the 2013-2017 period, assuming appropriation of the specified and estimated amounts.
CBO estimates that enacting certain provisions would affect direct spending, and thus, pay-as-you-go procedures would apply. We estimate that the net effect on direct spending of those provisions would not be significant. Enacting the bill would not affect revenues.
The bill would impose intergovernmental and private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). CBO estimates that the aggregate costs of mandates on state, local, and tribal governments would fall below the annual threshold established in UMRA for intergovernmental mandates ($73 million in 2012, adjusted annually for inflation). CBO estimates that the aggregate cost of mandates on private entities would exceed the annual threshold established in UMRA for private-sector mandates ($146 million in 2012, adjusted annually for inflation).