Home / DoD / CBO: House Panel’s FY 2019 Defense Bill Would Affect Direct Spending Over 10 Years

CBO: House Panel’s FY 2019 Defense Bill Would Affect Direct Spending Over 10 Years

Congressional Budget Office report says that enactment of the House Armed Services Committee’s fiscal 2019 defense appropriations bill would affect the Defense Department‘s direct spending by less than $500,000 over the next decade.

CBO said Monday multiple provisions under the National Defense Authorization Act for Fiscal Year 2019, or H.R. 5515, would also have “insignificant” effects on direct spending.

Those provisions seek to increase military retirement eligibility, change the timing of outlays from current appropriations and authorize DoD to spend contributions for certain purposes.

The proposed NDAA would increase penalties and impose sanctions on entities that transact with Russia, the report noted.

CBO added that such fines are classified as revenues and would amount to less than $500,000 over a 10-year period.

Check Also

Feds Say ‘Small Wins’ in the Cloud Could Boost Adoption

Federal information technology officials said that agencies should promote small progress in their cloud initiatives to encourage larger adoption of the technology, Nextgov reported Thursday.  During the Amazon Web Services Public Sector Summit in Washington, panelists highlighted that confidence and trust would play a significant role in how agency leaders utilize the cloud. 

Leave a Reply

Your email address will not be published. Required fields are marked *