Description:
H.R. 4823, American FIRST Act of 2023 As reported by the House Committee on Financial Services on December 19, 2023 By Fiscal Year, Millions of Dollars20242024-20292024-2034Direct Spending (Outlays)02963Revenues02-14Increase or Decrease (-) in the Deficit02777Spending Subject to Appropriation (Outlays)000Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?< $2.5 billionStatutory pay-as-you-go procedures apply?YesMandate EffectsIncreases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?< $5 billionContains intergovernmental mandate?NoContains private-sector mandate?Yes, Under ThresholdThe bill wouldRequire additional reporting from federal financial agencies about the implementation of recommended policies and executive orders, interactions with international organizations on climate issues, and interactions with nongovernmental international organizations.Remove the vice chairman for supervision designation at the Federal ReserveImpose a private-sector mandateEstimated budgetary effects would mainly stem fromAdditional administrative costs for federal financial agencies
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