A 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.
