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## 

## The Money Monitor

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

### 

### **Week of December 4-8, 2006**

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

**\$13,220,540,000.00\***

> H.R. 5110 More Water and More Energy Act \$6.0 million
>
> H.R. 1492 To provide for the preservation of the historic
>
> confinement sites where Japanese Americans were
>
> detained during World War II \$38.0 million
>
> H.C.R. 495 Authorizing the printing as a House document of
>
> "United States House of Representatives, The
>
> Committee on Ways and Means: A History, 1789-2006" \$0.04 million
>
> H.R. 3248 Lifespan Respite Care Act \$289.0 million
>
> S. 843 Combating Autism Act \$1,000.0 million
>
> H.R. 1674 Tsunami Warning and Education Act \$159.0 million
>
> H.R. 6342 To amend title 38, United States Code, to extend certain
>
> expiring provisions of law administered by the Secretary
>
> of Veterans Affairs, to expand eligibility for the Survivors'
>
> and Dependents' Educational Assistance program \$210.0 million
>
> H.R. 5076 National Transportation Safety Board Amendments Act \$287.0
> million
>
> H.R. 5782 Pipeline Safety Improvement Act \$129.0 million
>
> S. 895 Rural Water Supply Act \$13.0 million
>
> S. 214 United States-Mexico Transboundary Aquifer
>
> Assessment Act \$20.0 million
>
> S. 1346 Michigan Lighthouse and Maritime Heritage Act \$0.5 million
>
> S. 2125 Democratic Republic of the Congo Relief, Security,
>
> and Democracy Promotion Act \$104.0 million
>
> S. 2370 Palestinian Anti-Terrorism Act \$20.0 million
>
> H.R. 6407 Postal Accountability and Enhancement Act \$750.0 million
>
> S. 1378 National Historic Preservation Act Amendments
>
> Act of 2006 \$777.0 million
>
> H.R. 5472 National Breast and Cervical Cancer Early Detection
>
> Program Reauthorization Act \$1,250.0 million
>
> S. 3678 Pandemic and All-Hazards Preparedness Act \$8,082.0 million
>
> S. 1608 Undertaking Spam, Spyware, And Fraud Enforcement
>
> With Enforcers beyond Borders Act \$8.0 million
>
> H.R. 1554 Christopher Reeve Paralysis Act \$25.0 million
>
> S. 3546 Dietary Supplement and Nonprescription Drug
>
> Consumer Protection Act \$53.0 million

TOTAL FIVE-YEAR COST OF THIS WEEK'S AUTHORIZATIONS \$13,220.54 million\*

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

**\$790,768,380,000.00\*\***

\* This figure does not include the authorizations in the Veterans
Benefits, Health Care, and Information Technology Act (**S. 3421**), the
Tax Relief and Health Care Act (**H.R. 6111**, as amended), the Belarus
Democracy Reauthorization Act (**H.R. 5948**), the bill to authorize the
Secretary of the Army to carry out certain elements of the project for
hurricane and storm damage reduction, Morganza to the Gulf of Mexico,
Louisiana (**H.R. 6428**), the PREEMIE Act (**S. 707**), the Call Home
Act (**S. 2653**), or in the Social Security Trust Funds Restoration Act
(**S. 4019**), for which complete cost estimates are not available.

\*\* This figure does not include the authorizations in the 21st Century
Emergency Communications Act (**H.R. 5852**), the Secure Fence Act
(**H.R. 6061\*\*\***), 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**), the New England
Wilderness Act (**S. 4001**), the Veterans Benefits, Health Care, and
Information Technology Act (**S. 3421**), the Tax Relief and Health Care
Act (**H.R. 6111**, as amended), the Belarus Democracy Reauthorization
Act (**H.R. 5948**), the bill to authorize the Secretary of the Army to
carry out certain elements of the project for hurricane and storm damage
reduction, Morganza to the Gulf of Mexico, Louisiana (**H.R. 6428**),
the PREEMIE Act (**S. 707**), the Call Home Act (**S. 2653**), or in the
Social Security Trust Funds Restoration Act (**S. 4019**), for which
cost estimates are not available.

\*\*\* The Homeland Security Appropriations Act for FY2007 appropriated
\$1.2 billion for a border fence, however, that amount is just for
fiscal year 2007 (H.R. 6061's fence authorization goes beyond FY2007)
and included in that amount is a wider flexibility for expenditures like
security cameras (H.R. 6061 does not contain similar flexibility).

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

**-\$997,500,000.00^\#^**

> H.R. 6342 To amend title 38, United States Code, to extend
>
> certain expiring provisions of law administered by
>
> the Secretary of Veterans Affairs, to expand
>
> eligibility for the Survivors' and Dependents'
>
> Educational Assistance program \$1.0 million
>
> H.R. 6407 Postal Accountability and Enhancement Act -\$1,000.0 million
>
> S. 1529 City of Yuma Improvement Act -\$0.5 million
>
> S. 3546 Dietary Supplement and Nonprescription Drug
>
> Consumer Protection Act \$2.0 million

TOTAL FIVE-YEAR CHANGE IN MANDATORY SPENDING -\$997.5 million^\#^

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

**-\$37,634,300,000.00^\#^**

^\#^ This figure does not include the mandatory spending in the Tax
Relief and Health Care Act (**H.R. 6111**, as amended) or the bill to
amend the Farm Security and Rural Investment Act of 2002 to extend a
suspension of limitation on the period for which certain borrowers are
eligible for guaranteed assistance (**S. 4093**), for which complete
cost estimates are not 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

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}*:

**\$3,000,000.00\^**

> S. 3546 Dietary Supplement and Nonprescription Drug
>
> Consumer Protection Act \$3.0 million

TOTAL FIVE-YEAR CHANGE IN REVENUES THIS WEEK \$3.0 million\^

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

**-\$131,103,300,000.00\^**

\^ This figure does not include the revenue implications in the Tax
Relief and Health Care Act (**H.R. 6111**, as amended), the bill to
modify temporarily certain rates of duty and make other technical
amendments to the trade laws, to extend certain trade preference
programs (**H.R. 6406**), or the Fallen Firefighters Assistance Tax
Clarification Act (**H.R. 6429**), for which complete revenue estimates
are not available.

**[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