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cost estimate
August 23, 2013
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As ordered reported by the Senate Committee on Veterans’ Affairs
on July 24, 2013
S. 287 would reauthorize and expand several programs for homeless veterans that are administered by the Department of Veterans Affairs (VA). CBO estimates that implementing the bill would cost $842 million over the 2014-2018 period, assuming appropriation of the specified and estimated amounts.
In addition, CBO estimates that enacting the bill would decrease net direct spending by $294 million over the 2014-2023 period; therefore, pay-as-you-go procedures apply to the bill. Enacting S. 287 would not affect revenues.
S. 287 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA).