H.R. 4446 would extend the authority for the Virgin Islands of the United States Centennial Commission, to act for one additional year (through September 30, 2019). The Commission, whose members have been selected but have not met, is prohibited from using appropriated funds.
Enacting the legislation would affect direct spending because it would allow the commission to continue to accept and spend monetary gifts for an additional year. Therefore, pay-as-you-go procedures apply. However, CBO estimates that the net effect on direct spending would be negligible. Enacting H.R. 4446 would not affect revenues.
CBO estimates that enacting H.R. 4446 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029.
H.R. 4446 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.
On March, 20, 2018, CBO transmitted a cost estimate for H.R. 4446 as ordered reported by the House Committee on Oversight and Government Reform on March 15, 2018. On February 20, 2018, CBO transmitted a cost estimate for H.R. 4446, an amendment in the Nature of a Substitute as posted on the House Committee on Oversight and Government Reform’s website on February 6, 2018. The three pieces of legislation are identical and CBO’s estimates of their budgetary effects are the same.