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cost estimate
May 16, 2013
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As ordered reported by the House Committee on Veterans’ Affairs on May 8, 2013
H.R. 357 would: modify the monthly rates payable to veterans, their dependents, and survivors for disability compensation and dependency and indemnity compensation; amend the approval criteria for educational institutions at which veterans may use their education benefits; and make other changes to programs administered by the Department of Veterans Affairs (VA), the Department of Defense (DoD), and the Department of Labor (DOL).
If enacted, CBO estimates that, on net, the bill would decrease direct spending by $139 million over the 2014-2018 period and by $347 million over the 2014-2023 period. Because the bill would affect direct spending, pay-as-you-go procedures apply. Enacting H.R. 357 would not affect revenues.
In addition, CBO estimates that implementing H.R. 357 would have a discretionary cost of $132 million over the 2014-2018 period, assuming appropriation of the estimated amounts.
H.R. 357 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA).