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CBO: House Committee’s 2016 NDAA Would Affect Revenue, Direct Spending

budget analysis reviewA Congressional Budget Office report estimates that passage of the House Armed Services Committee’s 2016 National Defense Authorization Act would lower revenues by $1.3 billion over the next decade.

CBO said Monday the legislation provides $605.3 billion in total funds for Defense Department operations and certain Energy Department programs.

About $515.6 billion of the proposed authorization would count against defense spending caps mandated by the Budget Control Act and another $400 million would count against non-defense caps under the law, according to CBO.

The bill exempts a $89.2 billion budget allocated for DoD’s overseas contingency operations account from sequestration.

If enacted, the House’s 2016 NDAA would reduce direct spending by less than $500,000 over the next 10 years and result in outlays of approximately $590.3 billion,the CBO noted.

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