Description:
As ordered reported by the House Committee on Veterans’ Affairs on August 1, 2013
H.R. 2072 would increase the fees charged to certain veterans who obtain loans guaranteed by the Department of Veterans Affairs (VA). It also would extend VA’s authority to verify income reported by recipients of VA pension benefits using data from the Internal Revenue Service (IRS). Those two changes would decrease direct spending by $182 million over the 2014-2018 period and by $191 million over the 2014-2023 period, CBO estimates. Pay-as-you-go procedures apply because enacting the legislation would affect direct spending.
H.R. 2072 also would increase spending subject to appropriation, primarily by allowing VA to pay for eligible veterans to live in medical foster homes. CBO estimates that implementing H.R. 2072 would have a discretionary cost of $170 million over the 2014-2018 period, subject to appropriation of the necessary amounts.
H.R. 2072 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.
