The Congressional Budget Office has completed an estimate of the direct spending and revenue effects of H.R. 3218, the Harry W. Colmery Veterans Educational Assistance Act of 2017, as passed by the House of Representatives on July 24, 2017. CBO’s complete cost estimate for H.R. 3218, including discretionary costs, will be provided shortly.
CBO estimates that enacting H.R. 3218 would reduce net direct spending by $222 million over the 2018-2027 period, primarily through changes to veterans education benefits. Enacting the legislation would not affect revenues.