H.R. 3791 would require the Federal Reserve to expand its policy statement on the allowable debt levels of certain small bank holding companies (usually when their ownership is being transferred). Currently the policy statement applies to bank holding companies with less than $1 billion in total consolidated assets. Under the bill, it would apply to bank holding companies with less than $5 billion in such assets.
S. 1694 would expand the purposes of federal water projects in the Yakima River Basin in the State of Washington to increase the amount of water available for communities and irrigation systems during drought years, and to restore fish populations, wetlands and ecosystems in the basin. The bill also would direct the Bureau of Reclamation (BOR) to develop construction plans for future projects to secure future water supplies in the region.
S. 1318 would broaden the coverage of current laws relating to acts of violence committed on or against ships or maritime fixed platforms and criminal acts involving the use of nuclear materials. The bill also would modify current penalties for such acts. As a result, the government might be able to pursue cases that it otherwise would not be able to prosecute. CBO expects that S. 1318 would apply to a relatively small number of additional offenders, however, so any increase in costs for law enforcement, court proceedings, or prison operations would not be significant.
Under current law, the Department of the Interior (DOI) is responsible for managing financial assets held in trust by the federal government for the benefit of Indian tribes. H.R. 812 would amend current law to give tribes more authority to manage their own assets. The bill also would expand tribes’ authority to enter into leases for certain services and activities on tribal land—particularly related to management of tribally owned natural resources—without DOI’s approval.
H.R. 1854 would authorize the appropriation of $30 million annually over the 2016-2021 period for the Department of Justice to make grants to state, local, and tribal governments to improve mental health services in the criminal justice system. Those grants would include programs to enhance services provided by correctional facilities and programs to assist certain military veterans. Assuming appropriation of the authorized amounts, CBO estimates that implementing H.R. 1854 would cost $113 million over the 2016-2021 period and $26 million after 2021.
H.R. 3406 would authorize the appropriation of $100 million annually over the 2017-2021 period for Department of Justice (DOJ) grant programs and other activities to improve the treatment of inmates and to help offenders reenter communities after they have served their prison sentences. The grants to state and local governments, Indian tribes, and nonprofit organizations could be used for substance abuse services, educational and mentoring programs, and other activities.
H.R. 1266 would replace the Director of the Consumer Financial Protection Bureau (CFPB) with a commission made up of a chairman and four additional members appointed by the President and confirmed by the Senate. The bill would rename the bureau as the Financial Product Safety Commission, which would have the same responsibilities as the CFPB has under current law. H.R. 1266 also would direct the Federal Reserve to transfer $75 million from its surplus account to the Treasury.
H.R. 3821 would require state Medicaid agencies to publish, on public websites, a directory of certain medical care providers who provided care to Medicaid enrollees in the prior 12 months. The directory would be limited to providers who had been reimbursed on a fee-for-service basis or had received a primary care case management fee. In addition to the names of the providers, the directories would include the following information: the medical speciality of the provider, the address of the provider, and the contact information of the provider.
H.R. 1941 would establish the Office of Independent Examination Review within the Federal Financial Institutions Examination Council (FFIEC). The council would investigate complaints from financial institutions about examinations, conduct regular reviews of the quality of examinations, and adjudicate appeals of determinations made as part of an examination. The bill also would prohibit financial regulators from classifying certain commercial loans as non-performing and from requiring certain banks to raise more capital to cover the potential losses from those loans.
S. 2426 would require the Secretary of State to develop and implement a strategy to help Taiwan get status as an observer in the International Criminal Police Organization (INTERPOL) and to report to the Congress on those efforts. The Department of State has expressed support for Taiwan’s participation in INTERPOL; thus, CBO expects that implementing the bill would not add significantly to the department’s workload. CBO estimates that implementing S. 2426 would cost less than $500,000 over the 2016-2020 period; such spending would be subject to the availability of appropriated funds.
H.R. 1493 would direct the President to apply import restrictions to certain material from Syria with archaeological or cultural importance and to report annually to the Congress on those efforts. Under current law, some of that property could be imported into the United States and face customs duties. However, because the amount of such imports is expected to be small, CBO estimates that the revenue loss from the import restrictions would be less than $500,000 over the 2016-2026 period.
S. 1024 would authorize the appropriation of $1.5 billion over the 2017-2021 period for the Environmental Protection Agency (EPA) to support the Great Lakes Restoration Initiative, a program that funds projects targeting invasive aquatic species and nonpoint source pollution. The program received an appropriation of $300 million for fiscal year 2016.
CBO estimates that implementing S. 1024 would cost $1.35 billion over the next five years, assuming appropriation of the authorized amounts.
H.R. 4294, the Strengthening Access to Valuable Education and Retirement Support Act of 2015, amends the section of the Internal Revenue Code that prohibits self-dealing transactions by fiduciaries of certain tax-favored plans, including employer-sponsored retirement plans, individual retirement accounts and health savings accounts. The bill would add a definition of investment advice to that section of the Internal Revenue Code.
H.R. 3557 would allow all members of the governing bodies of certain agencies that are represented on the Financial Stability Oversight Council (FSOC)—the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Board of Governors of the Federal Reserve System (FRS), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA)—to become voting members of the FSOC. The bill, however, would allow only a single vote to be cast by each entity. Further, H.R.
Under current law, the Starr-Camargo Bridge Company has the authority to operate a private toll-bridge between the United States and Mexico through 2032. S. 2143 would permanently extend the authority for the Starr-Camargo Bridge Company or its successors to operate such a bridge and to expand the number of lanes on that bridge.
H.R. 957 would direct the President to appoint an Inspector General for the Bureau of Consumer Financial Protection (CFPB) within 60 days of enactment, and would require the CFPB to set aside 2 percent of its annual funding to operate the office of the Inspector General. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, which established the CFPB, the responsibilities of the Federal Reserve Office of Inspector General (OIG) were broadened to include the CFPB (that office is currently known as the OIG of the Federal Reserve Board of Governors and the CFPB). H.R.
S. 1685 would direct the Federal Communication Commission (FCC) to amend regulations related to the height and dimensions of certain antenna structures. Under the bill, the regulations would be amended to prohibit private land-use restrictions from applying to antennas used for amateur radio communications if the restrictions prevent or impede those communications.
H.R. 1584 would broaden the coverage of current laws against certain fraudulent acts committed outside of the United States (including misuse of credit cards). As a result, the government might be able to pursue cases that it otherwise would not be able to prosecute. CBO expects that the bill would apply to a relatively small number of offenders, however, so any increase in costs for law enforcement, court proceedings, or prison operations would not be significant. Any such costs would be subject to the availability of appropriated funds.
H.R. 4023 would eliminate nine sections of title 18 of the United States Code that provide for criminal penalties for certain violations, including unauthorized use of the Smokey Bear character and other offenses that are very rarely prosecuted. CBO estimates that enacting H.R. 4023 would have no significant effect on the federal budget. Enacting the bill could have a very small effect on criminal fines (revenues) that could be collected from offenders and the spending of such fines, but the net effect on the budget would be negligible.
H.R. 4001 would make technical corrections to title 18 of the United States Code (relating to the federal criminal justice system). CBO estimates that enacting H.R. 4001 would have no significant effect on the federal budget and would not affect direct spending or revenues.
Because enacting the bill would not affect direct spending or revenues, pay-as-you-go procedures do not apply. CBO estimates that enacting H.R. 4001 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027.
H.R. 2831 would update citations throughout the United States Code that refer to certain provisions of title 50 of the Code (relating to war and national defense). The bill also would make other technical amendments. CBO estimates that enacting H.R. 2831 would have no significant effect on the federal budget and would not affect direct spending or revenues.
H.R. 890 would update a map for a portion of the Coastal Barrier Resources System (CBRS) located in Florida. Based on information provided by the U.S. Fish and Wildlife Service, CBO estimates that implementing the legislation would have no significant effect on the federal budget.
Because H.R. 890 could affect direct spending, pay-as-you-go procedures apply. However, we estimate that any net change in direct spending would be negligible over the 2017-2026 period. Enacting the bill would not affect revenues.
H.R. 3036 would designate the National September 11 Memorial located at the World Trade Center in New York City, New York, as a national memorial. However, under the bill the memorial would not be a unit of the National Park Service. Instead, the bill would authorize the Secretary of the Interior to award a competitive grant to a private entity to operate and maintain a memorial established to commemorate the terrorist attacks of 1993 and 2001. The authority to provide grants would expire seven years after the bill’s enactment.
H.R. 757 would expand existing sanctions against North Korea. It also would authorize the appropriation of $50 million over the 2017-2021 period, primarily for expanding radio broadcasting and other programs to improve access to information in that country and providing humanitarian assistance to North Korean refugees. CBO estimates that implementing the act would cost $44 million over the 2016-2021 period, assuming appropriation of the specified and estimated amounts.
H.R. 3716 would assist states in identifying health care providers who are ineligible to participate in their state Medicaid or Children’s Health Insurance Program (CHIP) programs because the provider was terminated from participating in another state’s programs or in the Medicare program.
CBO estimates that the bill would reduce direct spending by $28 million over the 2016-2026 period. Because the legislation would affect direct spending; pay-as-you-go procedures apply. Enacting the bill would not affect revenues.
H.R. 2017 would amend the Federal Food, Drug, and Cosmetics Act to revise the information certain restaurants and retail food establishments must disclose about nutrition to the consumer. CBO estimates that implementing H.R. 2017 would cost $9 million over the 2016-2021 period, assuming appropriation of the necessary amounts. Enacting H.R. 2017 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
Under current law, the Department of the Interior (DOI) is responsible for managing financial assets held in trust by the federal government for the benefit of Indian tribes. S. 383 would amend current law to give tribes more authority to manage their own assets. The bill also would expand tribes’ authority to enter into leases for certain services and activities on tribal land—particularly related to management of tribally owned natural resources—without DOI’s approval.
H.R. 4240 would direct the Government Accountability Office to prepare a study within one year of enactment on the operation and administration of the Terrorist Screening Database (commonly referred to as the Terrorist Watchlist) maintained by the Federal Bureau of Investigation. The database consolidates all terrorist information collected by the federal government for all terrorist screening systems. The report to the Congress would weigh whether weaknesses and vulnerabilities that have been identified in the database have been corrected.
S. 1875 would allow the use of existing appropriations to increase economic links between Afghanistan and other countries in the region. The bill also would authorize assistance to the Afghan government and civil society groups to prevent corruption and improve government accountability, including the Afghan National Security Forces (ANSF).
H.R. 2287 would require the National Credit Union Administration (NCUA) to make changes to its budget process. Because enacting H.R. 2287 would affect direct spending, pay-as-you-go procedures apply; however, CBO estimates that the net effect on direct spending would be negligible. Enacting the bill would not affect revenues.