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## 

## The Money Monitor

#### **The only document that tracks the costs of bills [as they pass the House]{.underline}**

### 

### **Week of September 25-29, 2006**

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Five-year cost of authorizations passed by the House *this
[week]{.underline}*:

**\$118,797,500,000.00\***

> H.R. 1344 Lower Farmington River and Salmon Brook Wild and
>
> Scenic River Study Act \$0.2 million
>
> H.R. 4588 Water Resources Research Act Amendments of 2006 \$90.0
> million
>
> H.R. 5079 North Unit Irrigation District Act \$16.5 million
>
> H.R. 383 Ice Age Floods National Geologic Trail Designation Act \$1.25
> million
>
> H.R. 5861 National Historic Preservation Act Amendments of 2006
> \$698.0 million
>
> H.R. 3871 To authorize the Secretary of Interior to convey to The
>
> Missouri River Basin Lewis and Clark Interpretive Trail
>
> and Visitor Center Foundation, Inc. certain Federal land
>
> associated with the Lewis and Clark National Historic
>
> Trail in Nebraska, to be used as an historical interpretive
>
> site along the trail \$0.75 million
>
> H.R. 5132 River Raisin National Battlefield Study Act \$0.5 million
>
> H.R. 1796 Mississippi River Trail Study Act \$0.5 million
>
> H.R. 5092 Bureau of Alcohol, Tobacco, Firearms, and Explosives
>
> (BATFE) Modernization and Reform Act \$52.0 million
>
> H.R. 4942 Promoting Antiterrorism Capabilities Through International
>
> Cooperation Act \$100.0 million
>
> H.R. 5533 Biodefense and Pandemic Vaccine and Drug Development
>
> Act \$327.0 million
>
> H.R. 6164 National Institutes of Health Reform Act \$93,700.0 million
>
> H.R. 5835 Veterans Identity and Credit Security Act \$54.0 million
>
> H.R. 1215 Green Chemistry Research and Development Act \$106.5 million
>
> H.R. 5136 National Integrated Drought Information System Act \$65.0
> million
>
> H.R. 6166 Military Commissions Act \$153.0 million
>
> H.R. 5347 HOPE VI Reauthorization Act \$574.0 million
>
> H.R. 6115 Mark-to-Market Extension Act -\$28.0 million
>
> H.R. 5503 FHA Multifamily Loan Limit Adjustment Act -\$75.0 million
>
> H.R. 6079 Hedge Fund Study Act \$0.2 million
>
> H.R. 4766 Native American Languages Preservation Act \$132.0 million
>
> H.R. 4981 Dam Safety Act \$59.2 million
>
> S. 362 Marine Debris Research, Prevention, and Reduction Act \$60.0
> million
>
> H.R. 5946 Stevens-Inouye International Fisheries Monitoring and
>
> Compliance Legacy Act \$37.5 million
>
> H.R. 6014 To authorize the Secretary of the Interior, acting through
>
> the Bureau of Reclamation, to improve California's
>
> Sacramento-San Joaquin Delta and water supply \$50.0 million
>
> H.R. 1711 New Mexico Water Planning Assistance Act \$15.0 million
>
> H.R. 5160 Long Island Sound Stewardship Act \$125.0 million
>
> H.R. 5842 Pueblo of Isleta Settlement and Natural Resources
>
> Restoration Act \$7.2 million
>
> H.R. 3626 Arthur V. Watkins Dam Enlargement Act \$1.0 million
>
> H.R. 4750 Lower Republican River Basin Study Act \$0.75 million
>
> H.R. 5692 Columbia Space Shuttle Memorial Study Act \$0.2 million
>
> S. 2430 Great Lakes Fish and Wildlife Restoration Act \$70.0 million
>
> H.R. 2134 Commission to Study the Potential Creation of a
>
> National Museum of the American Latino Community Act \$3.0 million
>
> H.R. 5340 Upper Mississippi River Basin Protection Act \$31.25 million
>
> H.R. 6162 Secure Border Initiative Financial Accountability Act \$16.0
> million
>
> H.R. 4846 To authorize a grant for contributions toward the
>
> establishment of the Woodrow Wilson Presidential Library \$16.0
> million
>
> S. 2146 A bill to extend relocation expenses test programs for
>
> Federal employees -\$75.0 million
>
> H.R. 5418 To establish a pilot program in certain United States
>
> district courts to encourage enhancement of expertise in
>
> patent cases among district judges \$25.0 million
>
> H.R. 6143 Ryan White HIV/AIDS Treatment Modernization Act \$12,200.0
> million
>
> H.R. 5681 Coast Guard Authorization Act for FY2007 \$7,941.0 million
>
> H.R. 6233 To amend the Safe, Accountable, Flexible, Efficient
>
> Transportation Equity Act: A Legacy for Users to make
>
> technical corrections -\$4.0 million
>
> H.R. 6203 To provide for Federal energy research, development,
>
> demonstration, and commercial application activities \$2,250.0 million

TOTAL FIVE-YEAR COST OF THIS WEEK'S AUTHORIZATIONS \$118,797.5 million\*

Five-year cost of authorizations passed by the House *this
[year]{.underline}*:

**\$776,661,460,000.00\*\***

\* This figure does not include the authorizations in the Jean Lafitte
National Historical Park and Preserve Boundary Adjustment Act (**H.R.
1515**) or the bill to amend the Reclamation Wastewater and Groundwater
Study and Facilities Act to authorize the Secretary of the Interior to
participate in the Los Angeles County Water Supply Augmentation
Demonstration Project (**H.R. 4545**), for which CBO cost estimates are
not yet available. The RSC will update the *Money Monitor* accordingly
when such cost estimates become available.

\*\* This figure does not include the authorizations in the 21st Century
Emergency Communications Act (**H.R. 5852**), for which CBO is not doing
a cost estimate, or for the Secure Fence Act (**H.R. 6061**), the Jean
Lafitte National Historical Park and Preserve Boundary Adjustment Act
(**H.R. 1515**), or the bill to amend the Reclamation Wastewater and
Groundwater Study and Facilities Act to authorize the Secretary of the
Interior to participate in the Los Angeles County Water Supply
Augmentation Demonstration Project (**H.R. 4545**), for which CBO cost
estimates are not yet available. The RSC will update the *Money Monitor*
accordingly when such cost estimates become available.

Five-year change in mandatory spending passed by the House *this
[week]{.underline}*:

**-\$180,500,000.00^\#^**

> H.R. 3961 To authorize the National Park Service to pay for
>
> services rendered by subcontractors under a General
>
> Services Administration Indefinite Deliver/Indefinite
>
> Quantity Contract issued for work to be completed at
>
> the Grand Canyon National Park \$1.0 million
>
> H.R. 5323 Proud to Be an American Citizen Act \$2.5 million
>
> H.R. 6115 Mark-to-Market Extension Act -\$188.0 million
>
> S. 2464 Fort McDowell Indian Community Water Rights
>
> Settlement Revision Act \$4.0 million

TOTAL FIVE-YEAR CHANGE IN MANDATORY SPENDING -\$180.5 million^\#^

Five-year change in mandatory spending passed by the House *this
[year]{.underline}*:

**-\$36,636,300,000.00^\#^**

^\#^ This figure does not include the mandatory spending implications of
the More Border Patrol Agents Now Act (**H.R. 6160**), for which a CBO
cost estimate is not yet available. The RSC will update the *Money
Monitor* accordingly when such cost estimate becomes available.

One-year cost of appropriations passed by the House *this
[week]{.underline}*:

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

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

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

######## Fiscal Year 2008: \$0.00

***REMINDER: The Money Monitor does not track conference reports (see
notes below).***

One-year cost of appropriations passed by the House *this
[year]{.underline}*:

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

######## Fiscal Year 2006: \$91,949,000,000.00

**Fiscal Year 2007: \$780,415,000,000.00**

######## Fiscal Year 2008: \$4,300,000,000.00

Five-year change in revenue passed by the House *this
[week]{.underline}*:

**\$25,000,000.00**

> H.R. 5637 Nonadmitted and Reinsurance Reform Act \$25.0 million

TOTAL FIVE-YEAR CHANGE IN REVENUES THIS WEEK \$25.0 million

Five-year change in revenue passed by the House *this
[year]{.underline}*:

**-\$131,106,300,000.00**

**[GLOSSARY OF KEY TERMS IN THE MONEY MONITOR]{.underline}**

[Authorization]{.underline}: An authorization (otherwise known as
"discretionary spending") explicitly [allows]{.underline}, but does not
actually provide, funding for a certain program, and/or directs a
federal agency to take a certain action. Authorizations express the
House's *[intent]{.underline}* to spend, however, actual funding is
provided through the annual appropriations process. Think of an
authorization like your credit card's credit limit. If it's \$10,000,
that doesn't mean you've spent \$10,000, but it does mean that you're
*allowed* to spend \$10,000. Further action by you is needed for the
money to actually be spent.

[Mandatory Spending]{.underline}: Mandatory spending (otherwise known as
"direct spending") directly provides for funding. No subsequent action
is required for the money to be spent. Think of mandatory spending like
signing up for an automatic-bill-payment program. The very act of
signing up provides for the payments from your credit card or bank
account without further action from you.

[Appropriation]{.underline}: An appropriation is an amount of money that
Congress orders to be set aside for a certain purpose, function, or
entity. The "appropriations process" commonly refers to passing the
composite bills that provide discretionary funds to various federal
agencies (see "Authorization" above). Think of an appropriation like an
individual purchase on your credit card.

[Revenue]{.underline}: Revenue refers to the amount of money that the
federal government receives in taxes, fees, sales of property, and other
sources of *incoming* funds. Think of revenue like the income from your
job, the sale of your car, etc.

**[NOTES ON PROCEDURES & ASSUMPTIONS IN THE MONEY MONITOR]{.underline}**

[Neither the costs of conference reports nor the costs of bills that
have already been recorded under substantively similar House-passed
legislation this year are recorded here]{.underline}. "The Money
Monitor," which operates as an annual document, 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}.**

##### 

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.

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 certain tax
cuts and certain other revenue reductions have on the national economy.

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

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

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