H.R. 8437, Maintaining Our Ironclad Commitment to Israel’s Security Act

August 15, 2024

Cost Estimate

As ordered reported by the House Committee on Foreign Affairs on May 22, 2024

At A Glance

H.R. 8437, Maintaining Our Ironclad Commitment to Israel’s Security Act As ordered reported by the House Committee on Foreign Affairs on May 22, 2024
By Fiscal Year, Millions of Dollars			2024	2024-2029		2024-2034
Direct Spending (Outlays)			0	*		*
Revenues			0	0		0
Increase or Decrease (-) in the Deficit			0	*		*
Spending Subject to Appropriation (Outlays)			0	*		not estimated
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
	No	Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?	No	Contains intergovernmental mandate?			No
	No	Contains private-sector mandate?			No
* = between -$500,000 and $500,000.

Summary

H.R. 8437 would require the President to notify the Congress if the Administration intends to pause, suspend, delay, or abrogate the delivery of defense articles or services to Israel. That requirement would include defense articles and services transferred through the Foreign Military Sales (FMS) program as well as articles and services sold through the Direct Commercial Sales (DCS) program. For the purposes of this estimate, CBO assumes that the bill will be enacted in 2025.