CBO estimates that enacting H.R. 5707 would cost about $4.4 billion over the 2017-2026 period because funds from a government account would be transferred to a privately operated investment fund. Pay-as-you-go procedures apply because that transfer would increase direct spending. Enacting the bill would not affect revenues.
CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2027.
H.R. 5707 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.