S. 4049 would authorize appropriations totaling $736.9 billion over the 2021-2025 period. Almost all of that amount, $731.2 billion, would be specifically authorized for 2021 for the military functions of the Department of Defense (DoD) and the atomic energy defense activities of the Department of Energy. CBO estimates that appropriation of the authorized amounts would result in outlays of $712.0 billion over the 2021-2025 period.
In addition, enacting S. 4049 would increase net direct spending by $343 million over the 2021-2025 period and $488 million over the 2021-2030 period. Enacting the bill would have an insignificant effect on revenues.