The Congressional Budget Office and the staff of the Joint Committee on Taxation have completed an estimate of the budgetary effects of H.R. 925, the Heroes Act, as passed by the House of Representatives on October 1, 2020. The Heroes Act would provide funding, expand eligibility for existing programs, and establish new programs to provide assistance to individuals, businesses, and state, local, tribal, and territorial governments in response to the coronavirus pandemic. CBO estimates that the act would increase the deficit by $2.4 trillion over the 2021-2030 period. Major provisions are described below.
