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H.R. 22, DRIVE Act (CBO Report for Congress)

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Congress 114th
Date Requested July 24, 2015
Date Sent July 24, 2015
Description:

CBO and the staff of the Joint Committee on Taxation (JCT) estimate the amendment would:

  • Provide $350 billion in contract authority (the authority to incur obligations in advance of appropriation acts) over the 2015-2021 period;
  • Authorize obligation limitations that would permit the obligation of $337 billion of contract authority over the 2016-2021 period, which would result in discretionary outlays totaling an estimated $319 billion over the 2016-2025 period;
  • Transfer $46 billion from the general fund of the Treasury and $300 million from the Leaking Underground Storage Tank Trust Fund to the Highway Trust Fund; and
  • Make changes in direct spending and revenues that would reduce deficits by $45 billion over the 2015-2025 period.

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