H.R. 299 would modify the loan guarantee and disability compensation programs administered by the Department of Veterans Affairs (VA). On net, CBO estimates that enacting the bill would decrease direct spending for those programs by $271 million over the 2019-2028 period.
In addition, H.R. 299 would expand access to VA medical care for certain veterans and their dependents. In total, CBO estimates that implementing the bill would cost $136 million over the 2019-2023 period, assuming appropriation of the necessary amounts.
Enacting H.R. 299 would affect direct spending; therefore, pay-as-you-go procedures apply. The bill would not affect revenues.
CBO estimates that enacting H.R. 299 would not increase net direct spending by more than $2.5 billion or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2029.
H.R. 299 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA).