Thomas Massie: “I include in the Record a cost estimate for H.R. 277 prepared by the Congressional Budget Office. AT A GLANCE, H.R. 277…”

“I include in the Record a cost estimate for H.R. 277 prepared by the Congressional Budget Office. AT A GLANCE, H.R. 277, REINS ACT OF 2023, AS ORDERED REPORTED BY THE HOUSE COMMITTEE ON THE JUDICIARY ON MAY 24, 2023 ------------------------------------------------------------------------ By fiscal year, millions of dollars-- ----------------------------------- 2023 2023-2028 2023-2033 ------------------------------------------------------------------------ Direct Spending (Outlays)........... a a a Revenues............................ a a a Increase or Decrease (-) in the a a a Deficit............................ Spending Subject to Appropriation a a a (Outlays).......................... ------------------------------------------------------------------------ a. CBO has no basis to estimate the budgetary effects of enacting H.R. 277. Increases net direct spending in any of the four consecutive 10-year periods beginning in 2034? a. Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2034? a. Statutory pay-as-you-go procedures apply? Yes. Mandate Effects: Contains intergovernmental mandate? No. Contains private-sector mandate? No.…”