Estimated Budgetary Effects of H.R. 4521, the America COMPETES Act of 2022

The Budget Control Act of 2011 (BCA) requires the annual sequestration of nonexempt mandatory spending programs. The Office of Management and Budget determines which accounts are subject to reductions under the BCA. Some accounts affected by H.R. 4521 are subject to sequestration; this estimate reflects the effects of sequestration on those accounts.

The bill would specifically authorize the appropriation of at least $335 billion over the 2022-2031 period, mainly for provisions that involve research and manufacturing in the United States.

The costs of H.R. 4521 fall within budget functions 050 (national defense), 150 (international affairs), 250 (general science, space, and technology), 270 (energy), 300 (natural resources and environment), 370 (commerce and housing credit), 500 (education, training, employment, and social services), 550 (health), 570 (Medicare), 600 (income security), 650 (Social Security), 750 (administration of justice), 800 (general government), 900 (net interest), and 950 (undistributed offsetting receipts).