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## 

## The Money Monitor

#### ...keeping track of how Washington wants to spend your money

### 

### **Week of December 5-9, 2005**

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Net five-year cost of House authorizations passed by the House *this
week*:

**\$469,300,000.00**

> H.R. 3812 To authorize the Secretary of the Interior to prepare
>
> a feasibility study with respect to the Mokelumne River \$3.3 million
>
> S. 136 Rancho Corral de Tierra Golden Gate National Recreation
>
> Area Boundary Adjustment Act \$24.0 million
>
> H.R. 2017 Torture Victims Relief Reauthorization Act \$90.0 million
>
> H.R. 1721 To amend the Federal Water Pollution Control Act to
>
> reauthorize programs to improve the quality of coastal
>
> recreation waters \$144.0 million
>
> H.R. 3963 To amend the Federal Water Pollution Control Act to
>
> extend the authorization of appropriations for Long
>
> Island Sound \$208.0 million

TOTAL FIVE-YEAR COST OF THIS WEEK'S AUTHORIZATIONS \$469.3 million

*Year-to-date total* of net five-year costs of House-passed
authorizations:

**\$940,503,070,000.00^\#^**

^\#^Excludes the authorizations contained in the Energy Policy Act
(**H.R. 6**), which passed the House on April 21, 2005; in the
[amendments]{.underline} to the Water Resources Development Act (**H.R.
2864**), which passed on the House floor on July 14, 2005; and in the
Rural Housing Hurricane Relief Act (**H.R. 3895**), which passed the
House on October 6, 2005. CBO is not expected to do cost estimates for
these items. CBO reported that estimating the authorizations in the
Department of Veterans Affairs Information Technology Management
Improvement Act **(H.R. 4061**), which passed the House on November 2,
2005, was not possible with the current amount of information available,
yet such authorizations could go as high as several hundred million
dollars.

Net five-year change in House-passed mandatory spending *this week*:

**\$67,930,000.00\***

> H.R. 4195 Southern Oregon Bureau of Reclamation Repayment Act -\$0.07
> million
>
> S. 212 Valles Caldera Preservation Act \$3.0 million
>
> H.R. 4340 United States-Bahrain Free Trade Agreement
>
> Implementation Act \$5.0 million
>
> H.R. 4440 Gulf Opportunity Zone Act \$60.0 million

TOTAL FIVE-YEAR CHANGE IN MANDATORY SPENDING \$67.93 million

*Year-to-date* net five-year change in House-passed mandatory spending:

**-\$35,585,570,000.00**

\*Excludes the spending contained in the Terrorism Risk Insurance
Extension Act (**S. 467**), which passed the House on December 7, 2005.
A CBO cost estimate is reportedly forthcoming.

Net one-year cost of appropriations passed by the House *this week*:

######## Fiscal Year 2004: \$0.00

######## Fiscal Year 2005: \$0.00

######## Fiscal Year 2006: \$0.00

######## Fiscal Year 2007: \$0.00

*Year-to-date total* of net one-year costs of appropriations passed
during the 1^st^ Session of the 109^th^ Congress:

######## Fiscal Year 2004: \$0.00

######## Fiscal Year 2005: \$144,645,000,000.00

**Fiscal Year 2006: \$887,426,000,000.00**

######## Fiscal Year 2007: \$23,158,000,000.00

Net five-year revenue change by House bills passed *this week*:

**-\$94,602,000,000.00**

> H.R. 4096 Stealth Tax Relief Act -\$31,204.0 million
>
> H.R. 4340 United States-Bahrain Free Trade Agreement
>
> Implementation Act -\$144.0 million
>
> H.R. 4388 Tax Revision Act -\$153.0 million
>
> H.R. 4440 Gulf Opportunity Zone Act -\$7,019.0 million
>
> H.R. 4297 Tax Relief Extension Reconciliation Act -\$56,082.0 million

TOTAL FIVE-YEAR CHANGE IN REVENUES THIS WEEK -\$94,602.0 million

*Year-to-date* net five-year revenue change by House-passed bills:

**-\$111,865,500,000.00**

An authorization (otherwise known as "discretionary spending")
explicitly allows funding for a certain program and / or directs a
federal agency to take a certain action. Authorizations express the
House\'s *intent* to spend, however, actual funding is provided through
the annual appropriations process. **Authorizations with no
[net]{.underline} cost, bills that would result in no significant
[net]{.underline} change in mandatory spending or federal revenue, and
private-sector costs from federal mandates are not reported here.**

Mandatory spending directly establishes an appropriation. No subsequent
action is required for the money to be spent. The figures for revenue
changes are from **"static"** estimates by the Joint Committee on
Taxation or the Congressional Budget Office. That is, they do not take
into account the stimulative effects that tax cuts and certain other
revenue reductions have on the national economy.

All numbers in "The Money Monitor" are positive unless otherwise
indicated.

**[Neither the costs of conference reports nor the costs of bills that
have already been recorded under substantively similar House-passed
legislation are recorded here]{.underline}. "The Money Monitor" only
accounts for the costs of bills as they [first]{.underline} pass the
House (unless the prior bills related to such reports and bills have not
come to the floor during this calendar year or unless they contain
significant cost changes BEFORE going to the Senate). [In short, "The
Money Monitor" primarily tracks the House's *original* monetary intent
each calendar year]{.underline}.**

##### 

Most estimates are provided by the Congressional Budget Office (CBO),
though some are provided by the Joint Committee on Taxation, the
referring House committee, or RSC staff calculations.

##### Staff contact: Paul Teller, [paul.teller@mail.house.gov]{.underline}, 202-226-9718