As ordered reported by the House Committee on Financial Services on September 12, 2012
H.R. 6361 would modify certain formulas for calculating subsidies to families that receive federal housing assistance. Assuming that future appropriations actions are consistent with the bill, CBO estimates that implementing H.R. 6361 would reduce discretionary spending for the affected programs by $270 million over the 2013-2017 period. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
H.R. 6361 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA).