Spending Reductions That Would Balance the Budget in 2033

CBO provides information about two budgetary paths specified by Chairman Whitehouse and Chairman Wyden that would eliminate the deficit through reductions in spending.

Costs of the Proposed Income-Driven Repayment Plan for Student Loans

Implementing the Administration’s proposed rule for a new income-driven repayment plan would increase the government’s costs for federal student loans originated through 2033 by $230 billion, on a net-present-value basis, CBO estimates.

H.R. 406, ASEAN Act

As ordered reported by the House Committee on Foreign Affairs on February 28, 2023

H.R. 5, Parents Bill of Rights Act

As ordered reported by the House Committee on Education and the Workforce on March 1, 2023

H.R. 540, Taiwan Non-Discrimination Act of 2023

As ordered reported by the House Committee on Financial Services on February 28, 2023

Legislation Enacted in the Second Session of the 117th Congress That Affects Mandatory Spending or Revenues

CBO estimates that the effects on mandatory spending and revenues of laws enacted in 2022 will add about $810 billion to deficits from 2022 to 2032—the net result of a $900 billion increase in outlays and a $90 billion increase in revenues.

S. 316, a bill to repeal the authorizations for use of military force against Iraq

As reported by the Senate Committee on Foreign Relations on March 8, 2023

H.R. 1149, Countering Untrusted Telecommunications Abroad Act

As ordered reported by the House Committee on Foreign Affairs on February 28, 2023

H.R. 1189, Undersea Cable Control Act

As ordered reported by the House Committee on Foreign Affairs on February 28, 2023

H.R. 839, China Exchange Rate Transparency Act of 2023

As ordered reported by the House Committee on Financial Services on February 28, 2023