Potential Effects of H.R. 397, Rehabilitation for Multiemployer Pensions Act of 2019

Cost Estimate

Letter to the Honorable Mike Enzi

Data and Supplemental Information

Corrections and Updates

On September 10, 2019, CBO corrected an error in the description of how the estimate of H.R. 397 would change if certain revenue provisions were excluded. This version explains on page three that if the revenue provisions that were also included in H.R. 1994 were excluded from this bill, H.R. 397 would increase revenues by $3.2 billion over the 2019-2029 period. Estimates for those provisions were shown in the top four lines of the revenue section of Table 2 in the original estimate of H.R. 397, which CBO transmitted on July 23, 2019. This correction has no effect on the original estimate.