Political Quotes

“I include in the Record the CBO score on this legislation. CBO's Estimate of the Statutory Pay-As-You-Go Effects of Rules Committee Print 116-63, H.R. 4447, The Clean Economy Jobs and Innovation Act, Including Manager's Amendment (Pallone 170), as Reported by the Committee on Rules on September 21, 2020 The Statutory Pay-As-You-Go Act of 2010 establishes budget- reporting and enforcement procedures for legislation affecting direct spending or revenues. The net changes in outlays and revenues that are subject to those procedures are shown here. H.R. 4447 would modify existing laws and policies governing the energy sector. CBO estimates that the provisions noted below would have an insignificant effect on net direct spending, revenues, and the deficit over the 2020-2030 period. Subtitle C of Title I would require federal agencies and data centers to implement strategies to acquire, use, and maintain information technologies expected to increase energy efficiency. Those provisions could affect direct spending if agencies procure energy-efficient technologies using longterm contracts known as energy savings performance contracts. Subtitle F of Title II would allow operators with certain federal leases to noncompetitively acquire the rights to coproduce geothermal resources under that lease and to noncompetitively lease land adjoining that lease. CBO expects that few leases would be affected by this provision.…”