As posted on the Web site of the House Committee on Rules on July 27, 2012.
CBO estimates that enacting this proposal would reduce direct spending by $399 million over the 2013-2022 period, relative to spending projected under CBO’s current baseline (see enclosed table). Because the proposal would affect direct spending, pay-as-you-go procedures apply. Enacting the proposal would not affect federal revenues. CBO has not estimated the additional discretionary spending that would result from implementing the proposal; that additional spending would be subject to future appropriation actions. CBO also has not reviewed the proposal for intergovernmental or private-sector mandates.