CBO Cost Estimate

The Congressional Budget Office recently wrapped up a "preliminary estimate" of what it calls the "direct spending effects" of the House version of the fiscal year 2013 defense authorization bill, according to a May 11 letter to House Armed Services Committee Chairman Buck McKeon (R-CA). The letter further states:

Based on legislative language for H.R. 4310 that was provided to CBO from May 2 through May 10, CBO estimates that enacting this bill would decrease net direct spending by $33 million in 2013, $554 million over the 2013-2017 period, and $44 million over the 2013-2022 period. Because the bill would affect direct spending, pay-as-you-go procedures apply. Enacting the bill would not affect revenues.

Click here to view the bill language, and here to view the accompanying report.