Description:
H.R. 2266 would authorize 18 permanent bankruptcy judgeships—4 judgeships would be new and 14 temporary judgeships would become permanent. Under current law, any vacancies that occur among those temporary judgeships after May 25, 2017, cannot be filled. Under the act, such vacancies could be filled at any time in the future. The act also would adjust the formula used to set certain quarterly fees paid by businesses involved in ongoing Chapter 11 bankruptcy cases and would change the budgetary treatment of a portion of those fees.
CBO estimates that enacting H.R. 2266 would increase direct spending by about $21 million and would increase revenues by about $21 million over the 2018-2027 period. CBO also estimates that implementing the act would reduce net discretionary spending by about $1 action over the 2018-2027 period.
Because enacting H.R. 2266 would affect direct spending and revenues, pay-as-you-go procedures apply.
CBO estimates that enacting H.R. 2266 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028.
H.R. 2266 contains no intergovernmental mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments.
H.R. 2266 would impose a new mandate, as defined in UMRA, by increasing fees paid to DOJ by entities that are currently in Chapter 11 bankruptcy and that have disbursements of more than $1 million per quarter. CBO estimates that the cost of the mandates would fall below the annual threshold established in UMRA for private-sector mandates ($156 million in 2017, adjusted annually for inflation).
