H.R. 7954 would reauthorize the Tropical Forest and Coral Reef Conservation Actof 1998—a Department of the Treasury program to reduce and restructure debt owed to the United States in exchange for agreements by indebted countries to conserve tropical forests and coral reefs. The bill would authorize the appropriation of $20 million each year over the 2021‑2025 period for that purpose. On the basis of information from the department about spending patterns for the program, and assuming appropriation of the specified amounts, CBO estimates that implementing H.R. 7954 would cost $72 million over the 2021‑2025 period. The remainder would be spent in subsequent years.
