June 29, 1999
The Administration has no objection to House passage of H.R. 2280, which contains several modifications to veterans compensation, memorial affairs, and housing programs. In particular, the Administration strongly supports the bill's provision for a cost-of-living increase for the beneficiaries of veterans' disability compensation and dependency and indemnity compensation.
The Administration, however, has concerns about several provisions of the bill and will work with the Senate to address them. In particular, the Administration is concerned that H.R. 2280 would:
H.R. 2280 would affect direct spending and receipts; therefore, it is subject to the pay-as-you-go (PAYGO) requirement of the Omnibus Budget Reconciliation Act of 1990. OMB's preliminary scoring estimate indicates that the bill would result in net budget costs of $72 million in FY 2000 and a total of $85 million during FYs 2000-2004. The bill does not contain provisions to offset fully the increased direct spending. Therefore, if the bill were enacted, its net budget costs could contribute to a sequester of mandatory programs.
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