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12-03-2010, 06:04 AM #1
DREAM Act Would Slash Deficit by $1.4 Billion Over 10 Years
Pay-as-you-go procedures apply because enacting the legislation would affect direct
spending and revenues. CBO and JCT estimate that enacting the bill would reduce deficits
by about $1.4 billion over the 2011-2020 period. That result reflects an increase in
on-budget deficits of about $1.4 billion over that period and a decrease in off-budget
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deficits of about $2.8 billion over the same period. Only the on-budget effects are counted
for purposes of enforcing the Statutory Pay-As-You-Go Act of 2010.
Although the legislation would not have a large impact on deficits over the 2011-2020
period, the eventual conversion of some of the conditional nonimmigrants to legal
permanent resident (LPR) status after 2020 would lead to significant increases in spending
for the federal health insurance exchanges, Medicaid, and the Supplemental Nutrition
Assistance Program (SNAP). Pursuant to section 311 of the Concurrent Resolution on the
Budget for Fiscal Year 2009 (S. Con. Res. 70), CBO estimates that the bill would increase
projected deficits by more than $5 billion in at least one of the four consecutive 10-year
periods starting in 2021.
This bill contains no intergovernmental mandates as defined in the Unfunded Mandates
Reform Act (UMRA). Some state and local colleges and universities may experience
increased enrollment as a result of this bill, but any associated costs would not result from
intergovernmental mandates. S. 3992 also contains no private-sector mandates


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