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H.R. 5859, Education and Energy Act of 2018 (CBO Report for Congress)

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Congress 115th
Date Requested June 27, 2018
Requested By House Committee on Natural Resources
Date Sent Oct. 31, 2018
Description:
H.R. 5859 would require the Department of the Interior (DOI) to make payments to states and counties from certain mineral receipts that otherwise would be deposited in the Treasury. Using information provided by DOI, CBO estimates that enacting the bill would increase direct spending by $200 million over the 2019-2028 period; therefore, pay-as-you-go procedures apply. Enacting the bill would not affect revenues. CBO estimates that enacting H.R. 5859 would not increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2029. H.R. 5859 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would benefit states by increasing the royalties they receive from resource production on federal lands.

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