H.R. 7323, Montgomery GI Bill Selected Reserves Tuition Fairness Act of 2024
As ordered reported by the House Committee on Veterans’ Affairs on May 1, 2024
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
0
-2
-4
Revenues
0
0
0
Increase or Decrease (-) in the Deficit
0
-2
-4
Spending Subject to Appropriation (Outlays)
0
3
3
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
No
Statutory pay-as-you-go procedures apply?
Yes
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
No
Contains intergovernmental mandate?
No
Contains private-sector mandate?
No
Summary
H.R. 7323 would make changes to education benefit programs administered by the Department of Veterans Affairs (VA). The costs of those programs are paid from mandatory appropriations. CBO estimates that enacting the bill would decrease direct spending by $4 million and increase spending subject to appropriation by $3 million, over the 2024‑2034 period. The costs of the legislation, detailed in Table 1, fall within budget function 700 (veterans benefits and services). For purposes of this estimate, CBO assumed H.R. 7323 would be enacted late in fiscal year 2024.
