H.R. 711 would authorize the Department of Veterans Affairs (VA) to retain and spend proceeds from seized and forfeited assets or other restitution related to land use at the department’s medical campus in Los Angeles. Those amounts would be used for supportive housing and facilities for homeless veterans and their families or other construction projects at that campus.
Under current law, the Department of Justice (DOJ) retains liquidated assets from seized and forfeited property, and other restitution payments from third parties. Those funds may be spent by DOJ without appropriation. Thus, enacting the bill would change which agency could spend those funds, but it would not change the amount that would be available. Because different agencies may spend the funds in slightly different ways and at different rates, CBO estimates that direct spending could decrease or increase by insignificant amounts over the 2021-2026 period.
