January 30, 2014
As ordered reported by the House Committee on Foreign Affairs on November 20, 2013
H.R. 3470 would authorize the President to sell four naval vessels to Taiwan. CBO estimates that those sales would increase offsetting receipts (thus, reducing direct spending) by $40 million over the 2014-2024 period. Because enacting the bill would affect direct spending, pay-as-you-go procedures apply. Enacting the bill would not affect revenues, and implementing it would have insignificant effects on spending subject to appropriation.