DEPARTMENT OF THE TREASURY

Departmental Offices

Federal Funds

salaries and expenses

For necessary expenses of the Departmental Offices including operation and maintenance of the Treasury Building and Freedman's Bank Building; hire of passenger motor vehicles; maintenance, repairs, and improvements of, and purchase of commercial insurance policies for, real properties leased or owned overseas, when necessary for the performance of official business; executive direction program activities; international affairs and economic policy activities; domestic finance and tax policy activities, including technical assistance to State, local, and territorial entities; and Treasury-wide management policies and programs activities, $239,973,000: Provided, That of the amount appropriated under this heading-

(1) not to exceed $350,000 is for official reception and representation expenses;

(2) not to exceed $258,000 is for unforeseen emergencies of a confidential nature to be allocated and expended under the direction of the Secretary of the Treasury and to be accounted for solely on the Secretary's certificate; and

(3) not to exceed $24,000,000 shall remain available until September 30, 2022, for-

(A) the Treasury-wide Financial Statement Audit and Internal Control Program;

(B) information technology modernization requirements;

(C) the audit, oversight, and administration of the Gulf Coast Restoration Trust Fund;

(D) the development and implementation of programs within the Office of Critical Infrastructure Protection and Compliance Policy, including entering into cooperative agreements;

(E) operations and maintenance of facilities; and

(F) international operations.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–0101–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Executive Direction 35 37 38
0002 International Affairs and Economic Policy 48 53 54
0003 Domestic Finance and Tax Policy 72 78 85
0005 Treasury-wide Management and Programs 43 38 39
0006 CFIUS 16 37 39



0100 Subtotal, Direct programs 214 243 255



0799 Total direct obligations 214 243 255
0811 Salaries and Expenses (Reimbursable) 16 9 9



0900 Total new obligations, unexpired accounts 230 252 264

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 21 22 22
1012 Unobligated balance transfers between expired and unexpired accounts 2



1050 Unobligated balance (total) 23 22 22
Budget authority:
Appropriations, discretionary:
1100 Appropriation 215 228 240
Spending authority from offsetting collections, discretionary:
1700 Collected 14 9 9
1700 Collected 15 15
1701 Change in uncollected payments, Federal sources 2



1750 Spending auth from offsetting collections, disc (total) 16 24 24
1900 Budget authority (total) 231 252 264
1930 Total budgetary resources available 254 274 286
Memorandum (non-add) entries:
1940 Unobligated balance expiring –2
1941 Unexpired unobligated balance, end of year 22 22 22

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 90 54 39
3010 New obligations, unexpired accounts 230 252 264
3011 Obligations ("upward adjustments"), expired accounts 3
3020 Outlays (gross) –258 –267 –262
3041 Recoveries of prior year unpaid obligations, expired –11



3050 Unpaid obligations, end of year 54 39 41
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –25 –9 –9
3070 Change in uncollected pymts, Fed sources, unexpired –2
3071 Change in uncollected pymts, Fed sources, expired 18



3090 Uncollected pymts, Fed sources, end of year –9 –9 –9
Memorandum (non-add) entries:
3100 Obligated balance, start of year 65 45 30
3200 Obligated balance, end of year 45 30 32

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 231 252 264
Outlays, gross:
4010 Outlays from new discretionary authority 188 221 231
4011 Outlays from discretionary balances 70 46 31



4020 Outlays, gross (total) 258 267 262
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –27 –24 –24
4033 Non-Federal sources –1



4040 Offsets against gross budget authority and outlays (total) –28 –24 –24
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –2
4052 Offsetting collections credited to expired accounts 14



4060 Additional offsets against budget authority only (total) 12



4070 Budget authority, net (discretionary) 215 228 240
4080 Outlays, net (discretionary) 230 243 238
4180 Budget authority, net (total) 215 228 240
4190 Outlays, net (total) 230 243 238

Summary of Budget Authority and Outlays (in millions of dollars)


2019 actual 2020 est. 2021 est.

Enacted/requested:
Budget Authority 215 228 240
Outlays 230 243 238
Legislative proposal, not subject to PAYGO:
Budget Authority 2
Outlays 2
Total:
Budget Authority 215 228 242
Outlays 230 243 240

Departmental Offices, as the headquarters bureau for the Department of the Treasury, provides leadership in economic and financial policy, terrorism and financial intelligence, financial crimes, and general management. The Secretary of the Treasury has the primary role of formulating and managing the domestic and international tax and financial policies of the Federal Government. Through effective management, policies, and leadership, the Treasury Department protects our national security through targeted financial actions, promotes the stability of the Nation's financial markets, and ensures the Government's ability to collect revenue and fund its operations.

Object Classification (in millions of dollars)


Identification code 020–0101–0–1–803 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 82 93 99
11.3 Other than full-time permanent 1 2 2
11.5 Other personnel compensation 2 3 3
11.8 Special personal services payments 1



11.9 Total personnel compensation 86 98 104
12.1 Civilian personnel benefits 25 29 30
21.0 Travel and transportation of persons 4 3 3
23.2 Rental payments to others 2 1 1
25.1 Advisory and assistance services 13 12 14
25.2 Other services from non-Federal sources 2 6 6
25.3 Other goods and services from Federal sources 76 83 88
25.7 Operation and maintenance of equipment 1 1
26.0 Supplies and materials 3 4 4
31.0 Equipment 2 2 2
32.0 Land and structures 1 4 3



99.0 Direct obligations 214 243 256
99.0 Reimbursable obligations 16 9 10
99.5 Adjustment for rounding –2



99.9 Total new obligations, unexpired accounts 230 252 264

Employment Summary


Identification code 020–0101–0–1–803 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 596 703 765
2001 Reimbursable civilian full-time equivalent employment 46 40 40

Salaries and Expenses

Contingent upon enactment of authorizing legislation to transfer the United States Secret Service to the Department of the Treasury, an additional $1,500,000 for necessary expenses of the Departmental Offices of the Department of the Treasury.

Program and Financing (in millions of dollars)


Identification code 020–0101–2–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0005 Treasury-wide Management and Programs 2



0100 Subtotal, Direct programs 2



0799 Total direct obligations 2



0900 Total new obligations, unexpired accounts 2

Budgetary resources:
Budget authority:
Appropriations, discretionary:
1100 Appropriation 2
1900 Budget authority (total) 2
1930 Total budgetary resources available 2

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 2
3020 Outlays (gross) –2

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 2
Outlays, gross:
4010 Outlays from new discretionary authority 2
4180 Budget authority, net (total) 2
4190 Outlays, net (total) 2

The Budget proposes to transfer the United States Secret Service from the Department of Homeland Security to the Department of the Treasury. The proposed funding will support necessary expenses for the coordination and oversight of the transfer by the Departmental Offices of the Department of the Treasury. For additional information on the transfer proposal, please consult the Department of the Treasury chapter of the Main Budget Volume.

Object Classification (in millions of dollars)


Identification code 020–0101–2–1–803 2019 actual 2020 est. 2021 est.

11.1 Direct obligations: Personnel compensation: Full-time permanent 1



11.9 Total personnel compensation 1



99.0 Direct obligations 1
99.5 Adjustment for rounding 1



99.9 Total new obligations, unexpired accounts 2

Employment Summary


Identification code 020–0101–2–1–803 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 7

Office of Terrorism and Financial Intelligence

salaries and expenses

For the necessary expenses of the Office of Terrorism and Financial Intelligence to safeguard the financial system against illicit use and to combat rogue nations, terrorist facilitators, weapons of mass destruction proliferators, human rights abusers, money launderers, drug kingpins, and other national security threats, $172,751,000, of which not less than $3,000,000 shall be available for addressing human rights violations and corruption, including activities authorized by the Global Magnitsky Human Rights Accountability Act (22 U.S.C. 2656 note): Provided, That of the amounts appropriated under this heading, up to $10,000,000 shall remain available until September 30, 2022.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–1804–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Terrorism and Financial Intelligence 153 170 173
0811 Salaries and Expenses (Reimbursable) 8 8 8



0900 Total new obligations, unexpired accounts 161 178 181

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 5 10 10
1012 Unobligated balance transfers between expired and unexpired accounts 1



1050 Unobligated balance (total) 6 10 10
Budget authority:
Appropriations, discretionary:
1100 Appropriation 159 170 173
Spending authority from offsetting collections, discretionary:
1700 Collected 5 8 8
1701 Change in uncollected payments, Federal sources 3



1750 Spending auth from offsetting collections, disc (total) 8 8 8
1900 Budget authority (total) 167 178 181
1930 Total budgetary resources available 173 188 191
Memorandum (non-add) entries:
1940 Unobligated balance expiring –2
1941 Unexpired unobligated balance, end of year 10 10 10

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 45 53 33
3010 New obligations, unexpired accounts 161 178 181
3011 Obligations ("upward adjustments"), expired accounts 3
3020 Outlays (gross) –152 –198 –181
3041 Recoveries of prior year unpaid obligations, expired –4



3050 Unpaid obligations, end of year 53 33 33
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –7 –6 –6
3070 Change in uncollected pymts, Fed sources, unexpired –3
3071 Change in uncollected pymts, Fed sources, expired 4



3090 Uncollected pymts, Fed sources, end of year –6 –6 –6
Memorandum (non-add) entries:
3100 Obligated balance, start of year 38 47 27
3200 Obligated balance, end of year 47 27 27

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 167 178 181
Outlays, gross:
4010 Outlays from new discretionary authority 122 148 151
4011 Outlays from discretionary balances 30 50 30



4020 Outlays, gross (total) 152 198 181
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –9 –8 –8
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –3
4052 Offsetting collections credited to expired accounts 4



4060 Additional offsets against budget authority only (total) 1



4070 Budget authority, net (discretionary) 159 170 173
4080 Outlays, net (discretionary) 143 190 173
4180 Budget authority, net (total) 159 170 173
4190 Outlays, net (total) 143 190 173

The Office of Terrorism and Financial Intelligence (TFI) safeguards the financial system against illicit use and combats rogue nations, terrorist facilitators, weapons of mass destruction proliferators, human rights abusers, money launderers, drug kingpins, and other national security threats. The Budget prioritizes funding for TFI's targeted financial tools and authorities, including sanctions programs aimed at countering countries, organizations, and individuals that threaten U.S. interests and the technology and mission support infrastructure required to support those programs.

Object Classification (in millions of dollars)


Identification code 020–1804–0–1–803 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 52 65 71
11.3 Other than full-time permanent 1 1 1
11.5 Other personnel compensation 1 1 1



11.9 Total personnel compensation 54 67 73
12.1 Civilian personnel benefits 17 21 22
21.0 Travel and transportation of persons 2 4 4
23.3 Communications, utilities, and miscellaneous charges 1
25.1 Advisory and assistance services 21 26 21
25.2 Other services from non-Federal sources 2 2
25.3 Other goods and services from Federal sources 44 47 46
25.7 Operation and maintenance of equipment 1
26.0 Supplies and materials 3 2 2
31.0 Equipment 6 3 2
32.0 Land and structures 4



99.0 Direct obligations 153 170 174
99.0 Reimbursable obligations 7 7 7
99.5 Adjustment for rounding 1 1



99.9 Total new obligations, unexpired accounts 161 178 181

Employment Summary


Identification code 020–1804–0–1–803 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 440 526 575
2001 Reimbursable civilian full-time equivalent employment 40 41 41

Cybersecurity enhancement account

For salaries and expenses for enhanced cybersecurity for systems operated by the Department of the Treasury, $18,000,000, to remain available until September 30, 2023: Provided, That such funds shall supplement and not supplant any other amounts made available to the Treasury offices and bureaus for cybersecurity: Provided further, That of the total amount made available under this heading $1,000,000 shall be available for administrative expenses for the Treasury Chief Information Officer to provide oversight of the investments made under this heading: Provided further, That such funds shall supplement and not supplant any other amounts made available to the Treasury Chief Information Officer.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–1855–0–1–808 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Treasury-wide 33 24 25

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 37 29 23
Budget authority:
Appropriations, discretionary:
1100 Appropriation 25 18 18
1930 Total budgetary resources available 62 47 41
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 29 23 16

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 13 15 12
3010 New obligations, unexpired accounts 33 24 25
3020 Outlays (gross) –31 –27 –20



3050 Unpaid obligations, end of year 15 12 17
Memorandum (non-add) entries:
3100 Obligated balance, start of year 13 15 12
3200 Obligated balance, end of year 15 12 17

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 25 18 18
Outlays, gross:
4010 Outlays from new discretionary authority 2 4 4
4011 Outlays from discretionary balances 29 23 16



4020 Outlays, gross (total) 31 27 20
4180 Budget authority, net (total) 25 18 18
4190 Outlays, net (total) 31 27 20

Trillions of dollars are accounted for and processed by the Department of the Treasury's information technology (IT) systems and therefore these systems are a constant target for sophisticated threat actors. The Cybersecurity Enhancement Account allows Treasury to more proactively and strategically protect Treasury systems against cybersecurity threats. The account supports Department-wide and Bureau-specific investments for critical IT improvements including the systems identified as High Value Assets. Furthermore, the centralization of funds allows Treasury to more nimbly respond in the event of a cybersecurity incident as well as leverage enterprise-wide services and capabilities across the components of the Department.

Object Classification (in millions of dollars)


Identification code 020–1855–0–1–808 2019 actual 2020 est. 2021 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 2 2 1
12.1 Civilian personnel benefits 1
23.3 Communications, utilities, and miscellaneous charges 1
25.1 Advisory and assistance services 26 10 14
25.2 Other services from non-Federal sources 1
25.3 Other goods and services from Federal sources 1 1 1
25.7 Operation and maintenance of equipment 2 10 3
31.0 Equipment 2 3



99.0 Direct obligations 33 24 24
99.5 Adjustment for rounding 1



99.9 Total new obligations, unexpired accounts 33 24 25

Employment Summary


Identification code 020–1855–0–1–808 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 12 11 6

Treasury capital investments and Modernization Fund

(including transfer of funds)

For development and acquisition of information technology equipment, software, and services and for repairs and renovations to buildings owned by the Department of the Treasury, $13,500,000, to remain available until September 30, 2025: Provided, That any funds available under this heading may be transferred to accounts and in amounts as necessary to satisfy the requirements of the Department's offices, bureaus, and other organizations: Provided further, That all transfer authority under this heading shall be in addition to any other transfer authority provided in this Act.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–0115–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Department-wide Systems and Capital Investments Programs (Direct) 4 7 10

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 2 2 1
Budget authority:
Appropriations, discretionary:
1100 Appropriation 4 6 14
1930 Total budgetary resources available 6 8 15
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 2 1 5

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 5 4 6
3010 New obligations, unexpired accounts 4 7 10
3020 Outlays (gross) –5 –5 –10



3050 Unpaid obligations, end of year 4 6 6
Memorandum (non-add) entries:
3100 Obligated balance, start of year 5 4 6
3200 Obligated balance, end of year 4 6 6

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 4 6 14
Outlays, gross:
4010 Outlays from new discretionary authority 3 7
4011 Outlays from discretionary balances 5 2 3



4020 Outlays, gross (total) 5 5 10
4180 Budget authority, net (total) 4 6 14
4190 Outlays, net (total) 5 5 10

This account is authorized to be used by Treasury's offices and bureaus to modernize business processes, increase efficiency, and improve infrastructure through technology and capital investments. The Budget proposes to change the name of this account to Treasury Capital Investments and Modernization Fund (TCIMF) from Department-wide Systems and Capital Investments Program (DSCIP). This proposed name change reflects the evolving vision for the account to focus on modernization of Information Technology (IT) and increased cybersecurity along with the existing authorities supporting repairs and renovations to Treasury's White House complex buildings and facilities.

The Budget requests new transfer authority that will provide greater flexibility for Treasury bureaus to invest in IT projects that advance their mission and align to Departmental Chief Information Officer priorities. Funds transferred into the account from bureaus are intended to be used for IT modernization efforts to address Treasury's technology needs and modernize business processes.

Object Classification (in millions of dollars)


Identification code 020–0115–0–1–803 2019 actual 2020 est. 2021 est.

Direct obligations:
25.4 Operation and maintenance of facilities 4
31.0 Equipment 1
32.0 Land and structures 3 3 9



99.0 Direct obligations 3 7 10
99.5 Adjustment for rounding 1



99.9 Total new obligations, unexpired accounts 4 7 10

Office of inspector general

Salaries and expenses

For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, $39,335,000, including hire of passenger motor vehicles; of which not to exceed $100,000 shall be available for unforeseen emergencies of a confidential nature, to be allocated and expended under the direction of the Inspector General of the Treasury; of which up to $2,800,000 to remain available until September 30, 2022, shall be for audits and investigations conducted pursuant to section 1608 of the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012 (33 U.S.C. 1321 note); and of which not to exceed $1,000 shall be available for official reception and representation expenses.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–0106–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Audits 27 30 29
0002 Investigations 11 11 10



0799 Total direct obligations 38 41 39
0801 Office of Inspector General (Reimbursable) 6 9 9



0900 Total new obligations, unexpired accounts 44 50 48

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 2
Budget authority:
Appropriations, discretionary:
1100 Appropriation 37 41 39
Spending authority from offsetting collections, discretionary:
1700 Collected 1 9 9
1701 Change in uncollected payments, Federal sources 5



1750 Spending auth from offsetting collections, disc (total) 6 9 9
1900 Budget authority (total) 43 50 48
1930 Total budgetary resources available 45 50 48
Memorandum (non-add) entries:
1940 Unobligated balance expiring –1

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 11 13 15
3010 New obligations, unexpired accounts 44 50 48
3020 Outlays (gross) –42 –48 –52



3050 Unpaid obligations, end of year 13 15 11
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –5 –5 –5
3070 Change in uncollected pymts, Fed sources, unexpired –5
3071 Change in uncollected pymts, Fed sources, expired 5



3090 Uncollected pymts, Fed sources, end of year –5 –5 –5
Memorandum (non-add) entries:
3100 Obligated balance, start of year 6 8 10
3200 Obligated balance, end of year 8 10 6

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 43 50 48
Outlays, gross:
4010 Outlays from new discretionary authority 32 38 37
4011 Outlays from discretionary balances 10 10 15



4020 Outlays, gross (total) 42 48 52
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –6 –9 –9
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –5
4052 Offsetting collections credited to expired accounts 5



4070 Budget authority, net (discretionary) 37 41 39
4080 Outlays, net (discretionary) 36 39 43
4180 Budget authority, net (total) 37 41 39
4190 Outlays, net (total) 36 39 43

The Office of Inspector General (OIG) conducts audits and investigations designed to promote integrity, efficiency, and effectiveness in programs and operations within the Department and across the OIG's jurisdiction, as well as to keep the Secretary and the Congress fully informed of problems and deficiencies in the administration of such programs and operations. The OIG conducts audits and investigations of Treasury programs and operations except those under jurisdictional oversight of the Treasury Inspector General for Tax Administration and the Special Inspector General for the Troubled Asset Relief Program. In addition, the Treasury Inspector General functions as Chair of the Council of Inspectors General on Financial Oversight. The Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act tasked the OIG with oversight of all projects, programs, and operations of the Gulf Coast Restoration Trust Fund (Trust Fund), which extends to the Gulf Coast Ecosystem Restoration Council.

The Budget request for the OIG will be used to fund audit, investigative, and mission support activities to meet the requirements of the Inspector General Act, as well as other statutes relating to: 1) cyber threats; 2) Bank Secrecy Act, anti-money laundering, and anti-terrorist financing enforcement; 3) spending transparency and improper payments; and 4) administration of the Trust Fund. Specific mandates include audits of the Department's financial statements, compliance with FISMA, and actions in implementing cybersecurity information sharing. In its oversight of the Office of the Comptroller of the Currency, OIG conducts material loss reviews of failed national banks and trusts insured by the Federal Deposit Insurance Corporation. With resources available after mandated requirements are met, the OIG will conduct audits and reviews of the Department's highest risk programs and operations. The OIG will also respond to stakeholder requests.

The Office of Audit expects to complete 100 percent of statutory audits by the required deadline and to complete 82 audit products in 2021, as well as provide oversight, on a reimbursable basis, of the Small Business Lending Fund.

In 2021, the Office of Investigations will continue to investigate all reports of fraud, waste, abuse, and criminal activity affecting Treasury programs and operations. It will also continue proactive efforts to detect, investigate, and deter electronic crimes and other threats to Treasury's physical and IT critical infrastructure, and will continue current efforts to aggressively investigate, close, and refer cases for criminal prosecution, civil litigation, or corrective administrative action in a timely manner.

The Budget includes language that would allow, contingent upon enactment of authorizing legislation to transfer the United States Secret Service to the Department of the Treasury, the Secretary of Homeland Security to transfer amounts from the Department of Homeland Security Inspector General to support the Treasury OIG's oversight of the Secret Service.

Object Classification (in millions of dollars)


Identification code 020–0106–0–1–803 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 19 21 20
11.5 Other personnel compensation 1 1 1



11.9 Total personnel compensation 20 22 21
12.1 Civilian personnel benefits 7 8 7
21.0 Travel and transportation of persons 1 1 1
23.1 Rental payments to GSA 4 4 4
25.2 Other services from non-Federal sources 2 2 2
25.3 Other goods and services from Federal sources 2 2 2
31.0 Equipment 2 2 2



99.0 Direct obligations 38 41 39
99.0 Reimbursable obligations 6 9 9



99.9 Total new obligations, unexpired accounts 44 50 48

Employment Summary


Identification code 020–0106–0–1–803 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 154 167 180

Committee on foreign investment in the united states fund

(Including transfer of funds)

For necessary expenses of the Committee on Foreign Investment in the United States, $20,000,000, to remain available until expended: Provided, That the chairperson of the Committee may transfer such amounts to any department or agency represented on the Committee (including the Department of the Treasury) subject to advance notification to the Committees on Appropriations of the House of Representatives and the Senate: Provided further, That amounts so transferred shall remain available until expended for expenses of implementing section 721 of the Defense Production Act of 1950, as amended (50 U.S.C. 4565), and shall be available in addition to any other funds available to any department or agency: Provided further, That fees authorized by section 721(p) of such Act shall be credited to this appropriation as offsetting collections: Provided further, That the total amount appropriated under this heading from the general fund shall be reduced as such offsetting collections are received during fiscal year 2021, so as to result in a total appropriation from the general fund estimated at not more than $0.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–0165–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Transfer to Departmental Offices 15 15
0002 Transfer to Member Agencies 5 5



0900 Total new obligations, unexpired accounts (object class 94.0) 20 20

Budgetary resources:
Budget authority:
Appropriations, discretionary:
1100 Appropriation 10
Spending authority from offsetting collections, discretionary:
1700 Collected 10 20
1900 Budget authority (total) 20 20
1930 Total budgetary resources available 20 20

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 20 20
3020 Outlays (gross) –20 –20

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 20 20
Outlays, gross:
4010 Outlays from new discretionary authority 20 20
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033 Non-Federal sources –10 –20
4180 Budget authority, net (total) 10
4190 Outlays, net (total) 10

The Committee on Foreign Investment in the United States (CFIUS) is an interagency committee chaired by the Secretary of the Treasury to review certain transactions involving foreign investment in the United States to determine the effect of such transactions on the national security of the United States and to address identified national security risks. The Foreign Investment Risk Review Modernization Act of 2018 authorizes the establishment of a CFIUS Fund. This account funds investments necessary to the functioning of CFIUS and allows the transfer of a portion of such funds to CFIUS agencies to address emerging needs.

Treasury inspector general for tax administration

Salaries and expenses

For necessary expenses of the Treasury Inspector General for Tax Administration in carrying out the Inspector General Act of 1978, as amended, including purchase and hire of passenger motor vehicles (31 U.S.C. 1343(b)); and services authorized by 5 U.S.C. 3109, at such rates as may be determined by the Inspector General for Tax Administration; $171,350,000, of which $5,000,000 shall remain available until September 30, 2022; of which not to exceed $6,000,000 shall be available for official travel expenses; of which not to exceed $500,000 shall be available for unforeseen emergencies of a confidential nature, to be allocated and expended under the direction of the Inspector General for Tax Administration; and of which not to exceed $1,500 shall be available for official reception and representation expenses.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–0119–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Audit 63 66 67
0002 Investigations 106 104 104



0799 Total direct obligations 169 170 171
0801 Treasury Inspector General for Tax Administration (Reimbursable) 1 1 1



0900 Total new obligations, unexpired accounts 170 171 172

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 5 4 4
Budget authority:
Appropriations, discretionary:
1100 Appropriation 170 170 171
Spending authority from offsetting collections, discretionary:
1700 Collected 1 1
1900 Budget authority (total) 170 171 172
1930 Total budgetary resources available 175 175 176
Memorandum (non-add) entries:
1940 Unobligated balance expiring –1
1941 Unexpired unobligated balance, end of year 4 4 4

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 16 17 14
3010 New obligations, unexpired accounts 170 171 172
3011 Obligations ("upward adjustments"), expired accounts 1
3020 Outlays (gross) –168 –174 –172
3041 Recoveries of prior year unpaid obligations, expired –2



3050 Unpaid obligations, end of year 17 14 14
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –1
3071 Change in uncollected pymts, Fed sources, expired 1
Memorandum (non-add) entries:
3100 Obligated balance, start of year 15 17 14
3200 Obligated balance, end of year 17 14 14

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 170 171 172
Outlays, gross:
4010 Outlays from new discretionary authority 152 157 158
4011 Outlays from discretionary balances 16 17 14



4020 Outlays, gross (total) 168 174 172
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –1 –1
4180 Budget authority, net (total) 170 170 171
4190 Outlays, net (total) 168 173 171

The Treasury Inspector General for Tax Administration (TIGTA), an independent office within the Department of the Treasury, is charged with providing oversight of the Internal Revenue Service (IRS) and the IRS Chief Counsel. TIGTA conducts independent audits, investigations, inspections, and evaluations necessary to prevent and detect waste, fraud, and abuse in IRS programs and operations, and helps to ensure that the IRS protects and secures taxpayer data. TIGTA is also responsible for identifying and recommending strategies to address IRS management challenges and implementing the Department's priorities.

TIGTA's Office of Audit focuses on the major management and performance challenges confronting the IRS by prioritizing statutory audit coverage and high-risk audit work. The statutory coverage will include audits mandated by the IRS Restructuring and Reform Act of 1998 and other statutory authorities and standards involving cybersecurity, financial management, and taxpayer privacy and rights. Additionally, audits will be conducted to assess the IRS's implementation of the Tax Cuts and Jobs Act of 2017. The core of TIGTA's audit work will continue to focus on high-risk tax administration areas, such as: 1) improving enforcement of tax law changes, security of taxpayer data, tax compliance, tax systems, and online services to increase revenue; 2) identity theft detection and prevention, fraudulent claims, and improper payments to enhance the efficiency of the IRS; and 3) monitoring the progress of the IRS in achieving its strategic goals.

TIGTA's Office of Investigations (OI), concentrates on three areas: 1) employee integrity; 2) employee and infrastructure security; and 3) external attempts to corrupt tax administration. Conducting investigations in these areas protect the public's confidence in the tax system from allegations of IRS employee misconduct, protecting IRS facilities and data, and investigating allegations of bribery or impersonation of the IRS. OI's investigative program protects the ability of the IRS to process 253 million tax returns and collect more than $3.5 trillion in annual revenue for the Federal Government.

TIGTA's Office of Inspections and Evaluations (I&E) will identify opportunities for improvement in IRS and TIGTA programs by performing inspections and evaluations that report timely, useful, and reliable information to decisionmakers and stakeholders. The oversight activities of I&E include inspecting the compliance of the IRS with established system controls and operating procedures, as well as evaluating the Agency's operations for high-risk systemic inefficiencies.

Object Classification (in millions of dollars)


Identification code 020–0119–0–1–803 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 85 87 89
11.5 Other personnel compensation 9 9 9



11.9 Total personnel compensation 94 96 98
12.1 Civilian personnel benefits 37 38 39
21.0 Travel and transportation of persons 4 4 4
23.1 Rental payments to GSA 10 9 9
23.3 Communications, utilities, and miscellaneous charges 1 1 1
25.1 Advisory and assistance services 3 3 3
25.2 Other services from non-Federal sources 1 1 1
25.3 Other goods and services from Federal sources 11 11 10
25.7 Operation and maintenance of equipment 2 2 1
26.0 Supplies and materials 1 1 1
31.0 Equipment 5 4 4



99.0 Direct obligations 169 170 171
99.0 Reimbursable obligations 1 1 1



99.9 Total new obligations, unexpired accounts 170 171 172

Employment Summary


Identification code 020–0119–0–1–803 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 736 800 800
2001 Reimbursable civilian full-time equivalent employment 2 2 2

Counterterrorism Fund

Terrorism Insurance Program

Program and Financing (in millions of dollars)


Identification code 020–0123–0–1–376 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Base Administrative Expenses 3 3 3
0003 Projected Payments to Insurers 28 91



0900 Total new obligations, unexpired accounts 3 31 94

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 3 31 94
1930 Total budgetary resources available 3 31 94

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 2 2 2
3010 New obligations, unexpired accounts 3 31 94
3020 Outlays (gross) –3 –31 –94



3050 Unpaid obligations, end of year 2 2 2
Memorandum (non-add) entries:
3100 Obligated balance, start of year 2 2 2
3200 Obligated balance, end of year 2 2 2

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 3 31 94
Outlays, gross:
4100 Outlays from new mandatory authority 2 31 94
4101 Outlays from mandatory balances 1



4110 Outlays, gross (total) 3 31 94
4180 Budget authority, net (total) 3 31 94
4190 Outlays, net (total) 3 31 94

The Terrorism Risk Insurance Program Reauthorization Act of 2019 (P.L. 116–94) reauthorized and revised the program established by the Terrorism Risk Insurance Act of 2002 (P.L. 107–297). The 2019 Act extended the Terrorism Risk Insurance Program (TRIP) for seven years, through December 31, 2027. The Budget baseline includes the estimated Federal cost of providing payments in connection with terrorism risk insurance losses. There have been no prior payments under the Program. While the Budget does not forecast any specific payment triggering events, the Budget includes estimates representing the weighted average of payments over a full range of possible scenarios, most of which include no notional payment triggering events and some of which include notional triggering events of varying magnitude. Relying upon this methodology, the Budget baseline projects net spending associated with the current reauthorization period of $53 million for 2021, $256 million over the 2021–2025 period, and $394 million over the 2021–2030 period. The 2019 Act did not change the sharing mechanisms that are in effect for 2020. Beginning in 2021, as a result of the 2019 Act, a gradual increase in insurer premiums over time will result in a corresponding increase in the insurance industry share of any losses that might trigger the Program.

Object Classification (in millions of dollars)


Identification code 020–0123–0–1–376 2019 actual 2020 est. 2021 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 1 1 1
25.1 Advisory and assistance services 2 2 2
42.0 Insurance claims and indemnities 28 91



99.0 Direct obligations 3 31 94



99.9 Total new obligations, unexpired accounts 3 31 94

Employment Summary


Identification code 020–0123–0–1–376 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 4 4 4

Treasury Forfeiture Fund

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5697–0–2–751 2019 actual 2020 est. 2021 est.

0100 Balance, start of year 152 56 37
Receipts:
Current law:
1110 Forfeited Cash and Proceeds from Sale of Forfeited Property, Treasury Forfeiture Fund 806 547 547
1140 Earnings on Investments, Treasury Forfeiture Fund 70 50 50



1199 Total current law receipts 876 597 597



1999 Total receipts 876 597 597



2000 Total: Balances and receipts 1,028 653 634
Appropriations:
Current law:
2101 Treasury Forfeiture Fund –876 –597 –597
2103 Treasury Forfeiture Fund –150 –54 –35
2132 Treasury Forfeiture Fund 54 35



2199 Total current law appropriations –972 –616 –632



2999 Total appropriations –972 –616 –632



5099 Balance, end of year 56 37 2

Program and Financing (in millions of dollars)


Identification code 020–5697–0–2–751 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Mandatory 395 437 445
0002 Strategic Support 603
0003 Secretary's Enforcement Fund 25 35 36



0900 Total new obligations, unexpired accounts 1,023 472 481

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 825 609 768
1021 Recoveries of prior year unpaid obligations 35 15 15



1050 Unobligated balance (total) 860 624 783
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 876 597 597
1203 Appropriation (previously unavailable)(special or trust) 150 54 35
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –200
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –54 –35



1260 Appropriations, mandatory (total) 772 616 632
1930 Total budgetary resources available 1,632 1,240 1,415
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 609 768 934

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 598 513 580
3010 New obligations, unexpired accounts 1,023 472 481
3020 Outlays (gross) –1,073 –390 –500
3040 Recoveries of prior year unpaid obligations, unexpired –35 –15 –15



3050 Unpaid obligations, end of year 513 580 546
Memorandum (non-add) entries:
3100 Obligated balance, start of year 598 513 580
3200 Obligated balance, end of year 513 580 546

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 772 616 632
Outlays, gross:
4100 Outlays from new mandatory authority 259 61 64
4101 Outlays from mandatory balances 814 329 436



4110 Outlays, gross (total) 1,073 390 500
4180 Budget authority, net (total) 772 616 632
4190 Outlays, net (total) 1,073 390 500

Memorandum (non-add) entries:
5000 Total investments, SOY: Federal securities: Par value 1,543 1,144 1,348
5001 Total investments, EOY: Federal securities: Par value 1,144 1,348 1,428

The mission of the Treasury Forfeiture Fund (Fund) is to affirmatively influence the consistent and strategic use of asset forfeiture by law enforcement bureaus that participate in the Fund to disrupt and dismantle criminal enterprises. The Fund supports Federal, state, and local law enforcement's use of asset forfeiture to disrupt and deter criminal activity. Proceeds from non-tax forfeitures made by participating bureaus of the Department of the Treasury and the Department of Homeland Security are deposited into the Fund. Such proceeds are available to pay or reimburse certain costs and expenses related to seizures and forfeitures that occur pursuant to laws enforced by the bureaus and other expenses authorized by 31 U.S.C. 9705. Forfeiture proceeds can also be used to fund Federal law enforcement-related activities based on requests from Federal agencies and evaluation by the Secretary of the Treasury.

Object Classification (in millions of dollars)


Identification code 020–5697–0–2–751 2019 actual 2020 est. 2021 est.

Direct obligations:
25.2 Other services from non-Federal sources 69 46 47
25.3 Other goods and services from Federal sources 166 140 141
41.0 Grants, subsidies, and contributions 71 111 114
44.0 Refunds 88 140 143
94.0 Financial transfers 628 35 36



99.0 Direct obligations 1,022 472 481
99.5 Adjustment for rounding 1



99.9 Total new obligations, unexpired accounts 1,023 472 481

Financial Research Fund

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5590–0–2–376 2019 actual 2020 est. 2021 est.

0100 Balance, start of year 4 4 3
Receipts:
Current law:
1110 Fees and Assessments, Financial Research Fund 64 72 75
1130 Interest, Financial Research Fund 2 1 2



1199 Total current law receipts 66 73 77



1999 Total receipts 66 73 77



2000 Total: Balances and receipts 70 77 80
Appropriations:
Current law:
2101 Financial Research Fund –66 –74 –76
2103 Financial Research Fund –4 –4 –4
2132 Financial Research Fund 4 4



2199 Total current law appropriations –66 –74 –80



2999 Total appropriations –66 –74 –80



5099 Balance, end of year 4 3

Program and Financing (in millions of dollars)


Identification code 020–5590–0–2–376 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0002 FSOC 5 6 6
0003 FDIC Payments 4 3 4



0091 FSOC subtotal 9 9 10
0101 OFR 60 75 75



0900 Total new obligations, unexpired accounts 69 84 85

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 56 59 54
1021 Recoveries of prior year unpaid obligations 6 5 5



1050 Unobligated balance (total) 62 64 59
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 66 74 76
1203 Appropriation (previously unavailable)(special or trust) 4 4 4
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –4 –4



1260 Appropriations, mandatory (total) 66 74 80
1930 Total budgetary resources available 128 138 139
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 59 54 54

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 26 23 28
3010 New obligations, unexpired accounts 69 84 85
3020 Outlays (gross) –66 –74 –82
3040 Recoveries of prior year unpaid obligations, unexpired –6 –5 –5



3050 Unpaid obligations, end of year 23 28 26
Memorandum (non-add) entries:
3100 Obligated balance, start of year 26 23 28
3200 Obligated balance, end of year 23 28 26

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 66 74 80
Outlays, gross:
4100 Outlays from new mandatory authority 56 18 23
4101 Outlays from mandatory balances 10 56 59



4110 Outlays, gross (total) 66 74 82
4180 Budget authority, net (total) 66 74 80
4190 Outlays, net (total) 66 74 82

Memorandum (non-add) entries:
5000 Total investments, SOY: Federal securities: Par value 76 75 51
5001 Total investments, EOY: Federal securities: Par value 75 51 51

The Office of Financial Research (OFR) and the Financial Stability Oversight Council (Council), whose expenses are paid for out of the Financial Research Fund, were established under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) (P.L. 111–203).

The OFR was established to serve the Council, its member agencies, and the public by improving the quality, transparency, and accessibility of financial data and information, by conducting and sponsoring research related to financial stability, and by promoting best practices in risk management. The OFR is an office within the Department of the Treasury.

The Council is comprised of 10 voting members, including the heads of all Federal financial regulators, and five non-voting members. The Secretary of the Treasury serves as Chairperson of the Council. The Council's purpose is to identify risks to the financial stability of the United States, promote market discipline, and respond to emerging threats to the stability of the U.S. financial system.

As required under Section 210(n)(10) of the Act, the Council's expenses also include reimbursement of certain reasonable expenses incurred by the Federal Deposit Insurance Corporation in implementing Orderly Liquidation Authority, provided by Title II of the Act. These expenses are treated as expenses of the Council.

The OFR and the Council were funded through transfers from the Board of Governors of the Federal Reserve System until July 20, 2012. Subsequently, the OFR and the Council have been funded through assessments on certain bank holding companies and nonbank financial companies supervised by the Board of Governors. Expenses of the Council are considered expenses of, and are paid by, the OFR. Projected fees and assessments are estimates and may change.

The Budget proposes to impose appropriate congressional oversight of these functions by subjecting OFR and Council activities to the annual appropriations process beginning in 2022. Treasury is also working to increase the transparency of Council decision-making procedures and to implement more rigorous cost-benefit analysis standards.

Object Classification (in millions of dollars)


Identification code 020–5590–0–2–376 2019 actual 2020 est. 2021 est.

11.1 Direct obligations: Personnel compensation: Full-time permanent 20 24 26



11.9 Total personnel compensation 20 24 26
12.1 Civilian personnel benefits 7 10 11
13.0 Benefits for former personnel 1
25.1 Advisory and assistance services 16 7 7
25.2 Other services from non-Federal sources 1 9 7
25.3 Other goods and services from Federal sources 13 19 21
25.7 Operation and maintenance of equipment 4 2 2
26.0 Supplies and materials 7 8 8
31.0 Equipment 4 4



99.0 Direct obligations 69 83 86
99.5 Adjustment for rounding 1 –1



99.9 Total new obligations, unexpired accounts 69 84 85

Employment Summary


Identification code 020–5590–0–2–376 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 120 146 163

Presidential Election Campaign Fund

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5081–0–2–808 2019 actual 2020 est. 2021 est.

0100 Balance, start of year 2 2 27
Receipts:
Current law:
1110 Presidential Election Campaign Fund 25 50 50



2000 Total: Balances and receipts 27 52 77
Appropriations:
Current law:
2101 Presidential Election Campaign Fund –25 –25 –23
2103 Presidential Election Campaign Fund –2 –2 –2
2132 Presidential Election Campaign Fund 2 2



2199 Total current law appropriations –25 –25 –25



2999 Total appropriations –25 –25 –25



5099 Balance, end of year 2 27 52

Program and Financing (in millions of dollars)


Identification code 020–5081–0–2–808 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Presidential Election Campaigns 41 226



0900 Total new obligations, unexpired accounts (object class 41.0) 41 226

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 369 353 152
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 25 25 23
1203 Appropriation (Sequestration pop-up, Authorizing Committee) 2 2 2
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –2 –2



1260 Appropriations, mandatory (total) 25 25 25
1930 Total budgetary resources available 394 378 177
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 353 152 177

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 41 226
3020 Outlays (gross) –41 –226

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 25 25 25
Outlays, gross:
4100 Outlays from new mandatory authority 4
4101 Outlays from mandatory balances 41 222



4110 Outlays, gross (total) 41 226
4180 Budget authority, net (total) 25 25 25
4190 Outlays, net (total) 41 226

Individual Federal income tax returns include an optional Federal income tax designation of $3 that an individual may elect to be paid to the Presidential Election Campaign Fund (PECF). In recent years, fewer than 5 percent of individuals have elected to make this designation, resulting in less than $30 million being paid into the PECF annually.

The Department of the Treasury collects the income tax designations and makes distributions from the PECF to qualified presidential candidates and to the 10-Year Pediatric Research Initiative Fund. Money for the public funding of presidential election campaigns can only come from the PECF; if the PECF were to exhaust its fund balances, no other public funding could be used.

The Federal Election Commission administers the public funding program, determines which candidates are eligible, the amount to which they are entitled, and audits their use of the funds. Current uses of the PECF are provided below.

Matching Funds for Presidential Primary Candidates.—Upon certification by the Federal Election Commission and based on a demonstration of broad national support, adherence to spending limits, and other qualifications, every eligible presidential primary candidate is entitled to receive $250 in Federal matching funds for the first eligible $250 of private contributions received from an individual. The private contributions must be received after the beginning of the calendar year immediately preceding the election year through the end of the calendar year of the election. For the 2016 Presidential election, $1,679,865 was paid out to two eligible candidates ($1,544,965 in 2016 and $134,900 in 2017).

Candidates for General Elections.—By statute, eligible candidates of each major party in a presidential election are entitled to equal payments in an amount that may not exceed $20 million (adjusted for inflation since 1974) per party. In 2016, this amounted to $96.1 million for each candidate, but neither major party candidate accepted general election funding. Eligibility for this funding depends on meeting several criteria, such as agreeing to limit spending to amounts specified by campaign finance laws. In addition, candidates from new parties, minor parties, and non-major parties who receive in excess of 5 percent of the popular vote may be entitled to a pro rata portion of the major party amount in the general election.

10-Year Pediatric Research Initiative Fund.—On April 3, 2014, the Gabriella Miller Kids First Research Act (Public Law 113–94) was enacted. The Act established the 10-Year Pediatric Research Initiative Fund and directs that certain PECF moneys be transferred to that Fund.

Exchange Stabilization Fund

Program and Financing (in millions of dollars)


Identification code 020–4444–0–3–155 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Direct program activity 249



0900 Total new obligations, unexpired accounts (object class 25.2) 249

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 39,499 39,773 40,363
1021 Recoveries of prior year unpaid obligations 1,382
1026 Adjustment for change in allocation of trust fund limitation or foreign exchange valuation –1,369



1050 Unobligated balance (total) 39,512 39,773 40,363
Budget authority:
Spending authority from offsetting collections, mandatory:
1800 Collected 513 590 556
1801 Change in uncollected payments, Federal sources –3



1850 Spending auth from offsetting collections, mand (total) 510 590 556
1930 Total budgetary resources available 40,022 40,363 40,919
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 39,773 40,363 40,919

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 54,554 53,421 53,421
3010 New obligations, unexpired accounts 249
3040 Recoveries of prior year unpaid obligations, unexpired –1,382



3050 Unpaid obligations, end of year 53,421 53,421 53,421
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –3
3070 Change in uncollected pymts, Fed sources, unexpired 3
Memorandum (non-add) entries:
3100 Obligated balance, start of year 54,551 53,421 53,421
3200 Obligated balance, end of year 53,421 53,421 53,421

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 510 590 556
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4121 Interest on Federal securities –522 –577 –543
4123 Non-Federal sources 9 –13 –13



4130 Offsets against gross budget authority and outlays (total) –513 –590 –556
Additional offsets against gross budget authority only:
4140 Change in uncollected pymts, Fed sources, unexpired 3
4170 Outlays, net (mandatory) –513 –590 –556
4180 Budget authority, net (total)
4190 Outlays, net (total) –513 –590 –556

Memorandum (non-add) entries:
5000 Total investments, SOY: Federal securities: Par value 22,311 22,622 23,199
5001 Total investments, EOY: Federal securities: Par value 22,622 23,199 23,741

Under the law creating the Exchange Stabilization Fund (ESF), section 10 of the Gold Reserve Act of 1934, as amended, codified at 31 U.S.C. 5302, the Secretary of the Treasury, with the approval of the President, is authorized to deal in gold, foreign exchange, and other instruments of credit and securities, as the Secretary considers necessary, consistent with U.S. obligations in the International Monetary Fund regarding orderly exchange arrangements and a stable system of exchange rates. All earnings and interest accruing to the ESF are available for the purposes thereof. Transactions in Special Drawing Rights (SDRs) and U.S. holdings of SDRs are administered by the fund. By law, the fund is not available to pay administrative expenses.

Since 1934, the principal sources of the fund's income have been earnings on investments held by the fund, including interest earned on fund holdings of U.S. Government securities.

The amounts reflected in estimates entail only projected net interest earnings on ESF assets. The estimates are subject to considerable variance, depending on changes in the amount and composition of assets and the interest rates applied to investments. In addition, these estimates make no attempt to forecast gains or losses on SDR valuation or foreign currency valuation.

Balance Sheet (in millions of dollars)


Identification code 020–4444–0–3–155 2018 actual 2019 actual

ASSETS:
Federal assets:
Investments in U.S. securities:
1102 Treasury securities, par 22,311 22,622
1106 Receivables, net 3
1201 Non-Federal assets: Foreign Currency Investments 20,879 20,646
1801 Other Federal assets: Special Drawing Rights 51,000 50,054


1999 Total assets 94,193 93,322
LIABILITIES:
2207 Non-Federal liabilities: Other 54,554 53,421
NET POSITION:
3100 Unexpended appropriations 200 200
3300 Cumulative results of operations 39,439 39,701


3999 Total net position 39,639 39,901


4999 Total liabilities and net position 94,193 93,322

Treasury Franchise Fund

Program and Financing (in millions of dollars)


Identification code 020–4560–0–4–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0802 Financial Management Administrative Support Service 170 177 190
0804 Information Technology Services 180 212 217
0806 Shared Services Program 241 274 300
0808 Centralized Treasury Administrative Services 137 167 162



0900 Total new obligations, unexpired accounts 728 830 869

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 196 209 233
1021 Recoveries of prior year unpaid obligations 8 24 24



1050 Unobligated balance (total) 204 233 257
Budget authority:
Spending authority from offsetting collections, discretionary:
1700 Collected 732 830 869
1701 Change in uncollected payments, Federal sources 1



1750 Spending auth from offsetting collections, disc (total) 733 830 869
1930 Total budgetary resources available 937 1,063 1,126
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 209 233 257

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 159 209 100
3010 New obligations, unexpired accounts 728 830 869
3020 Outlays (gross) –670 –915 –863
3040 Recoveries of prior year unpaid obligations, unexpired –8 –24 –24



3050 Unpaid obligations, end of year 209 100 82
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –21 –22 –22
3070 Change in uncollected pymts, Fed sources, unexpired –1



3090 Uncollected pymts, Fed sources, end of year –22 –22 –22
Memorandum (non-add) entries:
3100 Obligated balance, start of year 138 187 78
3200 Obligated balance, end of year 187 78 60

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 733 830 869
Outlays, gross:
4010 Outlays from new discretionary authority 574 714 747
4011 Outlays from discretionary balances 96 201 116



4020 Outlays, gross (total) 670 915 863
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –732 –830 –869
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –1



4060 Additional offsets against budget authority only (total) –1
4080 Outlays, net (discretionary) –62 85 –6
4180 Budget authority, net (total)
4190 Outlays, net (total) –62 85 –6

The Treasury Franchise Fund (the Fund) was established by P.L. 104–208, made permanent by P.L. 108–447, and codified as 31 U.S.C. 322, note. The Fund is revolving in nature and provides financial management, procurement, travel, human resources, and information technology services through its four business lines: the Administrative Resource Center (ARC) Administrative Services, ARC Information Technology Services, Treasury Shared Services Programs (TSSP), and Centralized Treasury Administrative Services (CTAS). Services are provided to Federal customers on a reimbursable, fee-for-service basis.

Object Classification (in millions of dollars)


Identification code 020–4560–0–4–803 2019 actual 2020 est. 2021 est.

Reimbursable obligations:
Personnel compensation:
11.1 Full-time permanent 164 177 187
11.3 Other than full-time permanent 1 1 1
11.5 Other personnel compensation 6 6 6



11.9 Total personnel compensation 171 184 194
12.1 Civilian personnel benefits 57 69 73
21.0 Travel and transportation of persons 2 2 2
23.1 Rental payments to GSA 35 37 38
23.3 Communications, utilities, and miscellaneous charges 71 79 87
25.1 Advisory and assistance services 114 120 126
25.2 Other services from non-Federal sources 15 16 17
25.3 Other goods and services from Federal sources 134 142 150
25.7 Operation and maintenance of equipment 80 105 107
26.0 Supplies and materials 5 4 4
31.0 Equipment 37 60 60
32.0 Land and structures 7 12 12



99.0 Reimbursable obligations 728 830 870
99.5 Adjustment for rounding –1



99.9 Total new obligations, unexpired accounts 728 830 869

Employment Summary


Identification code 020–4560–0–4–803 2019 actual 2020 est. 2021 est.

2001 Reimbursable civilian full-time equivalent employment 1,807 2,042 2,112

Community Development Financial Institutions Fund Program Account

To carry out the Riegle Community Development and Regulatory Improvement Act of 1994 (subtitle A of title I of Public Law 103–325), including services authorized by section 3109 of title 5, United States Code, but at rates for individuals not to exceed the per diem rate equivalent to the rate for EX-III,

$14,000,000, for administrative expenses, including administration of CDFI Fund programs and the New Markets Tax Credit Program:

Provided, that during fiscal year 2021, none of the funds available under this heading are available for the cost, as defined in section 502 of the Congressional Budget Act of 1974, of commitments to guarantee bonds and notes under section 114A of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4713a): Provided further, That commitments to guarantee bonds and notes under such section 114A shall not exceed $300,000,000: Provided further, That such section 114A shall remain in effect until December 31, 2021.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–1881–0–1–451 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0009 General Administrative Expenses 27 29 14
0012 Financial Assistance 9 316
0013 Small Dollar Loan Program 5
0014 Native American/Hawaiian Program 3 29
0015 Economic Mobility Corps 2
0026 Healthy Food Initiative 44
0028 Bank Enterprise Award 50 25
0050 Mandatory No Year Account 1 1 1



0091 Direct program activities, subtotal 90 451 15
Credit program obligations:
0701 Direct loan subsidy 1
0705 Reestimates of direct loan subsidy 2 1
0706 Interest on reestimates of direct loan subsidy 4 7



0791 Direct program activities, subtotal 6 9



0900 Total new obligations, unexpired accounts 96 460 15

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 33 195 8
1001 Discretionary unobligated balance brought fwd, Oct 1 29 190
1021 Recoveries of prior year unpaid obligations 1 1



1050 Unobligated balance (total) 33 196 9
Budget authority:
Appropriations, discretionary:
1100 Appropriation 251 262 14
Appropriations, mandatory:
1200 Appropriation 6 8 1
Spending authority from offsetting collections, discretionary:
1700 Collected 1
Spending authority from offsetting collections, mandatory:
1800 Collected 1 1
1900 Budget authority (total) 258 272 15
1930 Total budgetary resources available 291 468 24
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 195 8 9

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 235 75 267
3010 New obligations, unexpired accounts 96 460 15
3020 Outlays (gross) –255 –267 –213
3040 Recoveries of prior year unpaid obligations, unexpired –1 –1
3041 Recoveries of prior year unpaid obligations, expired –1



3050 Unpaid obligations, end of year 75 267 68
Memorandum (non-add) entries:
3100 Obligated balance, start of year 235 75 267
3200 Obligated balance, end of year 75 267 68

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 251 263 14
Outlays, gross:
4010 Outlays from new discretionary authority 20 21 10
4011 Outlays from discretionary balances 229 238 202



4020 Outlays, gross (total) 249 259 212
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033 Non-Federal sources –1



4040 Offsets against gross budget authority and outlays (total) –1
Mandatory:
4090 Budget authority, gross 7 9 1
Outlays, gross:
4100 Outlays from new mandatory authority 6 8 1
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123 Non-Federal sources –1 –1
4180 Budget authority, net (total) 257 270 15
4190 Outlays, net (total) 254 265 213

Memorandum (non-add) entries:
5010 Total investments, SOY: non-Fed securities: Market value 17 17 17
5011 Total investments, EOY: non-Fed securities: Market value 17 17 17

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)


Identification code 020–1881–0–1–451 2019 actual 2020 est. 2021 est.

Direct loan levels supportable by subsidy budget authority:
115001 Community Development Financial Institutions Prog Fin Assist. 7
115002 Bond Guarantee Program 100 500 300



115999 Total direct loan levels 100 507 300
Direct loan subsidy (in percent):
132001 Community Development Financial Institutions Prog Fin Assist. 10.11 9.59 0.00
132002 Bond Guarantee Program –4.75 0.00 0.00



132999 Weighted average subsidy rate –4.75 0.13 0.00
Direct loan subsidy budget authority:
133001 Community Development Financial Institutions Prog Fin Assist. 1
133002 Bond Guarantee Program –5



133999 Total subsidy budget authority –5 1
Direct loan subsidy outlays:
134002 Bond Guarantee Program –10



134999 Total subsidy outlays –10
Direct loan reestimates:
135001 Community Development Financial Institutions Prog Fin Assist. –1
135002 Bond Guarantee Program –2 –7



135999 Total direct loan reestimates –3 –7

The Community Development Financial Institutions (CDFI) Fund promotes economic and community development through investment in and assistance to CDFIs (including community development banks, credit unions, loan funds, and venture capital funds) to expand the availability of financial services and affordable credit for underserved populations including distressed urban, rural, Native American, Native Hawaiian, and Alaska Native communities.

The 2021 Budget eliminates program funding for discretionary programs including the Bank Enterprise Award (BEA) Program, CDFI Program, the Native American CDFI Assistance Program, the Healthy Food Financing Initiative, and the Small Dollar Loan Program. The 2021 Budget requests $14 million in administrative funding for oversight of existing commitments and administration of the CDFI Fund's other programs.

The CDFI Fund's Bond Guarantee Program (BGP) was originally authorized in the Small Business Jobs Act of 2010 (P.L. 111–240) for a period of four years to provide a source of long-term capital in low-income and underserved communities. The Administration is implementing significant administrative reforms to the Bond Guarantee Program. To increase taxpayer protections, the program will change its collateral and cash requirements. The CDFI Fund will also pursue additional risk mitigation strategies and streamlining of administrative processes such as new liquidity premiums, escrow procedures and a designated bonding authority. The Budget proposes an annual commitment authority of $300 million and legislative changes to eliminate the relending account, as it is currently not utilized and redundant.

Object Classification (in millions of dollars)


Identification code 020–1881–0–1–451 2019 actual 2020 est. 2021 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 9 10 5
12.1 Civilian personnel benefits 3 3 2
25.1 Advisory and assistance services 10 2
25.3 Other goods and services from Federal sources 7 9 5
25.7 Operation and maintenance of equipment 1 1 3
31.0 Equipment 7
41.0 Grants, subsidies, and contributions 66 428



99.0 Direct obligations 96 460 15



99.9 Total new obligations, unexpired accounts 96 460 15

Employment Summary


Identification code 020–1881–0–1–451 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 67 76 39

Community Development Financial Institutions Fund Direct Loan Financing Account

Program and Financing (in millions of dollars)


Identification code 020–4088–0–3–451 2019 actual 2020 est. 2021 est.

Obligations by program activity:
Credit program obligations:
0710 Direct loan obligations 100 507 300
0713 Payment of interest to Treasury 3 3 3
0715 Payments of interest to FFB 30 30 32
0740 Negative subsidy obligations 5
0742 Downward reestimates paid to receipt accounts 9 14



0900 Total new obligations, unexpired accounts 147 554 335

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 2 5
1021 Recoveries of prior year unpaid obligations 21
1023 Unobligated balances applied to repay debt –2 –5
1024 Unobligated balance of borrowing authority withdrawn –21
Financing authority:
Borrowing authority, mandatory:
1400 Borrowing authority 116 521 300
Spending authority from offsetting collections, mandatory:
1800 Collected 76 77 77
1825 Spending authority from offsetting collections applied to repay debt –40 –44 –42



1850 Spending auth from offsetting collections, mand (total) 36 33 35
1900 Budget authority (total) 152 554 335
1930 Total budgetary resources available 152 554 335
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 5

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 809 532 684
3010 New obligations, unexpired accounts 147 554 335
3020 Outlays (gross) –403 –402 –283
3040 Recoveries of prior year unpaid obligations, unexpired –21



3050 Unpaid obligations, end of year 532 684 736
Memorandum (non-add) entries:
3100 Obligated balance, start of year 809 532 684
3200 Obligated balance, end of year 532 684 736

Financing authority and disbursements, net:
Mandatory:
4090 Budget authority, gross 152 554 335
Financing disbursements:
4110 Outlays, gross (total) 403 402 283
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120 Federal sources –7 –6
4122 Interest on uninvested funds –7 –7 –7
4123 Non-Federal sources - Interest repayments –26 –30 –31
4123 Non-Federal sources - Principal Repayments –36 –34 –39



4130 Offsets against gross budget authority and outlays (total) –76 –77 –77



4160 Budget authority, net (mandatory) 76 477 258
4170 Outlays, net (mandatory) 327 325 206
4180 Budget authority, net (total) 76 477 258
4190 Outlays, net (total) 327 325 206

Status of Direct Loans (in millions of dollars)


Identification code 020–4088–0–3–451 2019 actual 2020 est. 2021 est.

Position with respect to appropriations act limitation on obligations:
1111 Direct loan obligations from current-year authority 100 507 300



1150 Total direct loan obligations 100 507 300

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year 765 1,079 1,439
1231 Disbursements: Direct loan disbursements 356 399 258
1251 Repayments: Repayments and prepayments –42 –38 –48
1263 Write-offs for default: Direct loans –1 –1



1290 Outstanding, end of year 1,079 1,439 1,648

Balance Sheet (in millions of dollars)


Identification code 020–4088–0–3–451 2018 actual 2019 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury 2 4
Investments in U.S. securities:
1106 Receivables, net 10 11
Net value of assets related to post-1991 direct loans receivable:
1401 Direct loans receivable, gross 765 1,079
1402 Interest receivable 1
1405 Allowance for subsidy cost (-) 17 33


1499 Net present value of assets related to direct loans 783 1,112
1801 Other Federal assets: Cash and other monetary assets


1999 Total assets 795 1,127
LIABILITIES:
Federal liabilities:
2103 Debt 785 1,114
2105 Other Liabilities without Related Budgetary Offset 10 13


2999 Total liabilities 795 1,127
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 795 1,127

Office of Financial Stability

Program and Financing (in millions of dollars)


Identification code 020–0128–0–1–376 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Office of Financial Stability (Direct) 58 47 42

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 4
Budget authority:
Appropriations, mandatory:
1200 Appropriation 62 51 42
1930 Total budgetary resources available 62 51 46
Memorandum (non-add) entries:
1940 Unobligated balance expiring –4
1941 Unexpired unobligated balance, end of year 4 4

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 54 42 6
3010 New obligations, unexpired accounts 58 47 42
3020 Outlays (gross) –54 –83 –44
3041 Recoveries of prior year unpaid obligations, expired –16



3050 Unpaid obligations, end of year 42 6 4
Memorandum (non-add) entries:
3100 Obligated balance, start of year 54 42 6
3200 Obligated balance, end of year 42 6 4

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 62 51 42
Outlays, gross:
4100 Outlays from new mandatory authority 34 41 34
4101 Outlays from mandatory balances 20 42 10



4110 Outlays, gross (total) 54 83 44
4180 Budget authority, net (total) 62 51 42
4190 Outlays, net (total) 54 83 44

The Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) authorized the establishment of the Troubled Asset Relief Program (TARP) and the Office of Financial Stability (OFS) to purchase and insure certain types of troubled assets for the purpose of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers. The Act gave the Secretary of the Treasury broad and flexible authority to purchase and insure mortgages and other troubled assets, as well as inject capital by taking limited equity positions, as needed to stabilize the financial markets. This account provides for the administrative costs of OFS, which oversees and manages TARP.

Object Classification (in millions of dollars)


Identification code 020–0128–0–1–376 2019 actual 2020 est. 2021 est.

11.1 Direct obligations: Personnel compensation: Full-time permanent 3 2 2



11.9 Total personnel compensation 3 2 2
12.1 Civilian personnel benefits 1 1 1
25.1 Advisory and assistance services 9 7 4
25.2 Other services from non-Federal sources 35 31 30
25.3 Other goods and services from Federal sources 10 6 5



99.9 Total new obligations, unexpired accounts 58 47 42

Employment Summary


Identification code 020–0128–0–1–376 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 22 16 14

Troubled Asset Relief Program Account

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)


Identification code 020–0132–0–1–376 2019 actual 2020 est. 2021 est.

Direct loan reestimates:
135001 Automotive Industry Financing Program –13 –73



135999 Total direct loan reestimates –13 –73

As authorized by the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) and required by the Federal Credit Reform Act of 1990, as amended, this account records the subsidy costs associated with Troubled Asset Relief Program (TARP) direct loans obligated and loan guarantees including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year. The subsidy amounts are estimated on a present value basis using a risk-adjusted discount rate, as required by EESA.

The authority to make new financial commitments via TARP expired on October 3, 2010, under the terms of EESA. However, Treasury can continue to execute commitments entered into before October 3, 2010.

Troubled Asset Relief Program Direct Loan Financing Account

Program and Financing (in millions of dollars)


Identification code 020–4277–0–3–376 2019 actual 2020 est. 2021 est.

Obligations by program activity:
Credit program obligations:
0742 Downward reestimates paid to receipt accounts 10 54
0743 Interest on downward reestimates 3 19



0900 Total new obligations, unexpired accounts 13 73

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 13 73
Financing authority:
Spending authority from offsetting collections, mandatory:
1800 Offsetting collections 73
1900 Budget authority (total) 73
1930 Total budgetary resources available 86 73
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 73

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 13 73
3020 Outlays (gross) –13 –73

Financing authority and disbursements, net:
Mandatory:
4090 Budget authority, gross 73
Financing disbursements:
4110 Outlays, gross (total) 13 73
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4123 Principal –73
4180 Budget authority, net (total)
4190 Outlays, net (total) –60 73

As authorized by the Emergency Economic Stabilization Act of 2008 (P.L. 110–343) and required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from direct loans obligated in 2008 and beyond including modifications of direct loans that resulted from obligations in any year. The amounts in this account are a means of financing and are not included in the budget totals.

Balance Sheet (in millions of dollars)


Identification code 020–4277–0–3–376 2018 actual 2019 actual

ASSETS:
1101 Federal assets: Fund balances with Treasury 13 13
Net value of assets related to post-1991 direct loans receivable:
1401 Direct loans receivable, gross
1401 Direct loans receivable, gross
1405 Allowance for subsidy cost (-)
1405 Allowance for subsidy cost (-)


1499 Net present value of assets related to direct loans


1999 Total assets 13 13
LIABILITIES:
Federal liabilities:
2104 Resources payable to Treasury 13 13
2105 Other


2999 Total upward reestimate subsidy BA [20–0132] 13 13
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 13 13

Troubled Asset Relief Program Equity Purchase Program

Program and Financing (in millions of dollars)


Identification code 020–0134–0–1–376 2019 actual 2020 est. 2021 est.

Obligations by program activity:
Credit program obligations:
0705 Reestimates of direct loan subsidy 1 3
0706 Interest on reestimates of direct loan subsidy 4



0900 Total new obligations, unexpired accounts (object class 41.0) 1 7

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 1 7
1930 Total budgetary resources available 1 7

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 1 7
3020 Outlays (gross) –1 –7

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 1 7
Outlays, gross:
4100 Outlays from new mandatory authority 1 7
4180 Budget authority, net (total) 1 7
4190 Outlays, net (total) 1 7

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)


Identification code 020–0134–0–1–376 2019 actual 2020 est. 2021 est.

Direct loan reestimates:
135001 Capital Purchase Program –4 4
135006 Community Development Capital Initiative –7 3



135999 Total direct loan reestimates –11 7

As authorized by the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) and required by the Federal Credit Reform Act of 1990, as amended, this account records the subsidy costs associated with TARP equity purchase obligations (including modifications of equity purchases that resulted from obligations in any year). The subsidy amounts are estimated on a present value basis using a risk-adjusted discount rate, as required by EESA.

The authority to make new financial commitments via TARP expired on October 3, 2010, under the terms of EESA. However, Treasury can continue to execute commitments entered into before October 3, 2010.

Troubled Asset Relief Program Equity Purchase Financing Account

Program and Financing (in millions of dollars)


Identification code 020–4278–0–3–376 2019 actual 2020 est. 2021 est.

Obligations by program activity:
Credit program obligations:
0713 Payment of interest to Treasury 2 1
0742 Downward reestimates paid to receipt accounts 6
0743 Interest on downward reestimates 6



0900 Total new obligations, unexpired accounts 14 1

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 17 5 1
1023 Unobligated balances applied to repay debt –15 –3



1050 Unobligated balance (total) 2 2 1
Financing authority:
Borrowing authority, mandatory:
1400 Borrowing authority 3
Spending authority from offsetting collections, mandatory:
1800 Collected 27 20 7
1825 Spending authority from offsetting collections applied to repay debt –13 –20 –6



1850 Spending auth from offsetting collections, mand (total) 14 1
1900 Budget authority (total) 17 1
1930 Total budgetary resources available 19 2 2
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 5 1 2

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 14 1
3020 Outlays (gross) –14 –1

Financing authority and disbursements, net:
Mandatory:
4090 Budget authority, gross 17 1
Financing disbursements:
4110 Outlays, gross (total) 14 1
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120 Federal sources –1 –7
4122 Interest on uninvested funds –1
4123 Dividends –1 –1
4123 Redemption –25 –12 –6



4130 Offsets against gross budget authority and outlays (total) –27 –20 –7



4160 Budget authority, net (mandatory) –10 –20 –6
4170 Outlays, net (mandatory) –13 –19 –7
4180 Budget authority, net (total) –10 –20 –6
4190 Outlays, net (total) –13 –19 –7

Status of Direct Loans (in millions of dollars)


Identification code 020–4278–0–3–376 2019 actual 2020 est. 2021 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year 65 40 28
1251 Repayments: Repayments and prepayments –25 –12 –6



1290 Outstanding, end of year 40 28 22

As authorized by the Emergency Economic Stabilization Act of 2008 (P.L. 110–343) and required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from equity purchases obligated in 2008 and beyond including modifications of equity purchases that resulted from obligations in any year. The amounts in this account are a means of financing and are not included in the budget totals.

Balance Sheet (in millions of dollars)


Identification code 020–4278–0–3–376 2018 actual 2019 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury 17 5
Investments in U.S. securities:
1106 Receivables, net
Non-Federal assets:
1201 Investments in non-Federal securities, net
1206 Receivables, net 7
Net value of assets related to post-1991 direct loans receivable:
1401 Direct loans receivable, gross 65 40
1405 Allowance for subsidy cost (-) 1 –5
1405 Allowance for subsidy cost (-) –11 –12


1499 Net present value of assets related to direct loans 55 23


1999 Total assets 72 35
LIABILITIES:
Federal liabilities:
2103 Debt 60 35
2105 Other 12


2999 Total liabilities 72 35
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 72 35

Troubled Asset Relief Program, Housing Programs

Program and Financing (in millions of dollars)


Identification code 020–0136–0–1–604 2019 actual 2020 est. 2021 est.

Budgetary resources:
Unobligated balance:
1021 Recoveries of prior year unpaid obligations 304
1031 Other balances not available –304

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 4,769 3,013 2,093
3020 Outlays (gross) –1,452 –920 –646
3040 Recoveries of prior year unpaid obligations, unexpired –304



3050 Unpaid obligations, end of year 3,013 2,093 1,447
Memorandum (non-add) entries:
3100 Obligated balance, start of year 4,769 3,013 2,093
3200 Obligated balance, end of year 3,013 2,093 1,447

Budget authority and outlays, net:
Mandatory:
Outlays, gross:
4101 Outlays from mandatory balances 1,452 920 646
4180 Budget authority, net (total)
4190 Outlays, net (total) 1,452 920 646

Memorandum (non-add) entries:
5103 Unexpired unavailable balance, SOY: Fulfilled purpose 12,205 12,509 12,509
5104 Unexpired unavailable balance, EOY: Fulfilled purpose 12,509 12,509 12,509

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)


Identification code 020–0136–0–1–604 2019 actual 2020 est. 2021 est.

Guaranteed loan reestimates:
235001 FHA Refi Letter of Credit –1 –1

Treasury's Home Affordable Modification Program (HAMP) offered mortgage modifications to homeowners at risk of foreclosure under the authority of sections 101 and 109 of the Emergency Economic Stabilization Act of 2008, as amended (EESA) (P.L. 110–343). HAMP closed to new applications on December 30, 2016, but incentive payments continue to be made on modifications entered into on or before December 1, 2017. Additionally, the Hardest Hit Fund has allocated $9.6 billion under EESA to state housing finance agencies in 18 States and the District of Columbia for foreclosure prevention programs. Funds under EESA also support a Federal Housing Administration (FHA) refinance program that helps homeowners refinance into a new FHA-insured loan if their existing mortgage holders agree to write down principal.

Troubled Asset Relief Program, Housing Programs, Letter of Credit Financing Account

Program and Financing (in millions of dollars)


Identification code 020–4329–0–3–371 2019 actual 2020 est. 2021 est.

Obligations by program activity:
Credit program obligations:
0711 Default claim payments on principal 1
0742 Downward reestimates paid to receipt accounts 1 1



0900 Total new obligations, unexpired accounts 1 2

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 4 3 1
1930 Total budgetary resources available 4 3 1
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 3 1 1

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 1 2
3020 Outlays (gross) –1 –2

Financing authority and disbursements, net:
Mandatory:
Financing disbursements:
4110 Outlays, gross (total) 1 2
4180 Budget authority, net (total)
4190 Outlays, net (total) 1 2

Status of Guaranteed Loans (in millions of dollars)


Identification code 020–4329–0–3–371 2019 actual 2020 est. 2021 est.

Position with respect to appropriations act limitation on commitments:
2111 Guaranteed loan commitments from current-year authority



2150 Total guaranteed loan commitments

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year 183 159 135
2251 Repayments and prepayments –23 –23 –23
2263 Adjustments: Terminations for default that result in claim payments –1 –1 –1



2290 Outstanding, end of year 159 135 111

Memorandum:
2299 Guaranteed amount of guaranteed loans outstanding, end of year 55 55 55

Balance Sheet (in millions of dollars)


Identification code 020–4329–0–3–371 2018 actual 2019 actual

ASSETS:
1101 Federal assets: Fund balances with Treasury 4 3


1999 Total assets 4 3
LIABILITIES:
2104 Federal liabilities: Resources payable to Treasury 3 2
2204 Non-Federal liabilities: Liabilities for loan guarantees 1 1


2999 Total liabilities 4 3
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 4 3

special inspector general for the troubled asset relief program

salaries and expenses

For necessary expenses of the Office of the Special Inspector General in carrying out the provisions of the Emergency Economic Stabilization Act of 2008 (Public Law 110–343), $17,500,000.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–0133–0–1–376 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Special Inspector General for the Troubled Asset Relief Program (Direct) 26 22 18

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 17 14 14
Budget authority:
Appropriations, discretionary:
1100 Appropriation 23 22 18
1900 Budget authority (total) 23 22 18
1930 Total budgetary resources available 40 36 32
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 14 14 14

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 12 10 1
3010 New obligations, unexpired accounts 26 22 18
3020 Outlays (gross) –28 –31 –18



3050 Unpaid obligations, end of year 10 1 1
Memorandum (non-add) entries:
3100 Obligated balance, start of year 12 10 1
3200 Obligated balance, end of year 10 1 1

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 23 22 18
Outlays, gross:
4010 Outlays from new discretionary authority 22 18 14
4011 Outlays from discretionary balances 3 13 4



4020 Outlays, gross (total) 25 31 18
Mandatory:
Outlays, gross:
4101 Outlays from mandatory balances 3
4180 Budget authority, net (total) 23 22 18
4190 Outlays, net (total) 28 31 18

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) was established by section 121 of the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343). SIGTARP is both a Federal law enforcement agency and independent audit watchdog that targets financial institution crime, and other fraud, waste, and abuse related to the Troubled Asset Relief Program. Protecting taxpayer dollars and TARP programs drives SIGTARP's mission.

SIGTARP received an initial appropriation of $50 million in permanent, indefinite budget authority in EESA. The Public-Private Investment Program Improvement and Oversight Act of 2009 (12 U.S.C. 5231a) provided $15 million in supplemental funding. Since 2010, SIGTARP has received annual appropriations to fund its operations.

The 2021 Budget requests $17.5 million for SIGTARP, a reduction of 49 percent from the 2018 enacted level. Although less than $100 million in TARP investments remains outstanding, TARP foreclosure prevention programs will continue until 2023.

Object Classification (in millions of dollars)


Identification code 020–0133–0–1–376 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 11 9 9
11.3 Other than full-time permanent 2 2 2
11.5 Other personnel compensation 1 1 1



11.9 Total personnel compensation 14 12 12
12.1 Civilian personnel benefits 4 3 3
25.1 Advisory and assistance services 1 1 1
25.3 Other goods and services from Federal sources 7 6 2



99.0 Direct obligations 26 22 18



99.9 Total new obligations, unexpired accounts 26 22 18

Employment Summary


Identification code 020–0133–0–1–376 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 96 85 80

Small Business Lending Fund Program Account

Program and Financing (in millions of dollars)


Identification code 020–0141–0–1–376 2019 actual 2020 est. 2021 est.

Obligations by program activity:
Credit program obligations:
0705 Reestimates of direct loan subsidy 1 3
0706 Interest on reestimates of direct loan subsidy 1
0709 Administrative expenses 4 3 3



0900 Total new obligations, unexpired accounts 5 7 3

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 5 7 3
1900 Budget authority (total) 5 7 3
1930 Total budgetary resources available 5 7 3

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 8 8 3
3010 New obligations, unexpired accounts 5 7 3
3020 Outlays (gross) –5 –12 –5



3050 Unpaid obligations, end of year 8 3 1
Memorandum (non-add) entries:
3100 Obligated balance, start of year 8 8 3
3200 Obligated balance, end of year 8 3 1

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 5 7 3
Outlays, gross:
4100 Outlays from new mandatory authority 4 6 3
4101 Outlays from mandatory balances 1 6 2



4110 Outlays, gross (total) 5 12 5
4180 Budget authority, net (total) 5 7 3
4190 Outlays, net (total) 5 12 5

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)


Identification code 020–0141–0–1–376 2019 actual 2020 est. 2021 est.

Direct loan reestimates:
135001 Small Business Lending Fund Investments 1 4

Administrative expense data:
3510 Budget authority 4 6 6
3580 Outlays from balances 2 2
3590 Outlays from new authority 2 3 3

The Small Business Lending Fund (SBLF) was established by the Small Business Jobs Act of 2010 (P.L. 111–240) and is a dedicated investment fund that encourages lending to small businesses by providing capital to qualified community banks and community development loan funds (CDLFs). In total, the SBLF provided $4.0 billion to 281 community banks and 51 CDLFs in 2011. As of September 30, 2019, 321 institutions with aggregate investments of $3.9 billion have fully redeemed their SBLF investments and exited the program. For institutions that still participate in the program, CDLF securities expire by 2021 and community bank participants are generally expected to end their participation by 2021.

Object Classification (in millions of dollars)


Identification code 020–0141–0–1–376 2019 actual 2020 est. 2021 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 1 1
25.2 Other services from non-Federal sources 1 1 1
25.3 Other goods and services from Federal sources 2 1 1
41.0 Grants, subsidies, and contributions 1 4



99.0 Direct obligations 4 7 3
99.5 Adjustment for rounding 1



99.9 Total new obligations, unexpired accounts 5 7 3

Employment Summary


Identification code 020–0141–0–1–376 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 3 3 3

Small Business Lending Fund Financing Account

Program and Financing (in millions of dollars)


Identification code 020–4349–0–3–376 2019 actual 2020 est. 2021 est.

Obligations by program activity:
Credit program obligations:
0713 Payment of interest to Treasury 4 2 1



0900 Total new obligations, unexpired accounts 4 2 1

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 15 100 98
1023 Unobligated balances applied to repay debt –15



1050 Unobligated balance (total) 100 98
Financing authority:
Spending authority from offsetting collections, mandatory:
1800 Collected 138 16 39
1825 Spending authority from offsetting collections applied to repay debt –34 –16 –39



1850 Spending auth from offsetting collections, mand (total) 104
1930 Total budgetary resources available 104 100 98
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 100 98 97

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 4 2 1
3020 Outlays (gross) –4 –2 –1

Financing authority and disbursements, net:
Mandatory:
4090 Budget authority, gross 104
Financing disbursements:
4110 Outlays, gross (total) 4 2 1
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120 Federal sources - Upward Reestimates –1 –4
4122 Interest on uninvested funds –1 –1
4123 Non-Federal sources - Principal –127 –7 –36
4123 Non-Federal sources - Dividends –9 –4 –3



4130 Offsets against gross budget authority and outlays (total) –138 –16 –39



4160 Budget authority, net (mandatory) –34 –16 –39
4170 Outlays, net (mandatory) –134 –14 –38
4180 Budget authority, net (total) –34 –16 –39
4190 Outlays, net (total) –134 –14 –38

Status of Direct Loans (in millions of dollars)


Identification code 020–4349–0–3–376 2019 actual 2020 est. 2021 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year 209 82 75
1251 Repayments: Repayments and prepayments –127 –7 –36
1263 Write-offs for default: Direct loans –39



1290 Outstanding, end of year 82 75

Balance Sheet (in millions of dollars)


Identification code 020–4349–0–3–376 2018 actual 2019 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury 15 100
Investments in U.S. securities:
1106 Receivables, net 1 4
Net value of assets related to post-1991 direct loans receivable:
1401 Direct loans receivable, gross 209 82
1405 Allowance for subsidy cost (-) –23 –33


1499 Net present value of assets related to direct loans 186 49


1999 Total assets 202 153
LIABILITIES:
2103 Federal liabilities: Debt 202 153
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 202 153

Allotment for Puerto Rico EITC Payments

State Small Business Credit Initiative

Program and Financing (in millions of dollars)


Identification code 020–0142–0–1–376 2019 actual 2020 est. 2021 est.

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 24 2
3020 Outlays (gross) –2
3041 Recoveries of prior year unpaid obligations, expired –22



3050 Unpaid obligations, end of year 2
Memorandum (non-add) entries:
3100 Obligated balance, start of year 24 2
3200 Obligated balance, end of year 2

Budget authority and outlays, net:
Mandatory:
Outlays, gross:
4101 Outlays from mandatory balances 2
4180 Budget authority, net (total)
4190 Outlays, net (total) 2

The Small Business Jobs Act of 2010 (P.L. 111–240) created the State Small Business Credit Initiative (SSBCI), which was funded with $1.5 billion, inclusive of administrative costs, to support State programs that leverage private lending and investing to help finance small businesses and manufacturers.

SSBCI expired on September 27, 2017, at which time States retained any funds transferred by Treasury.

Social Impact Demonstration Projects

Program and Financing (in millions of dollars)


Identification code 020–0146–0–1–506 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Administrative Costs 1 2 2
0002 Social Impact Demonstration Projects 29 5



0900 Total new obligations, unexpired accounts 1 31 7

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 99 98 67
1930 Total budgetary resources available 99 98 67
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 98 67 60

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1 1 30
3010 New obligations, unexpired accounts 1 31 7
3020 Outlays (gross) –1 –2 –7



3050 Unpaid obligations, end of year 1 30 30
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1 1 30
3200 Obligated balance, end of year 1 30 30

Budget authority and outlays, net:
Mandatory:
Outlays, gross:
4101 Outlays from mandatory balances 1 2 7
4180 Budget authority, net (total)
4190 Outlays, net (total) 1 2 7

The Social Impact Partnerships to Pay for Results Act (SIPPRA) was included as part of the Bipartisan Budget Act of 2018 (P.L. 115–123). SIPPRA created a ten year $100 million fund to support social impact partnership projects by state and local governments to support new and innovative ways to solve entrenched social problems. The program funds social programs at the state or local level that achieve demonstrable, measureable, and scalable results, by making payment of funds contingent on positive outcomes.

Object Classification (in millions of dollars)


Identification code 020–0146–0–1–506 2019 actual 2020 est. 2021 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 1 1
25.1 Advisory and assistance services 5 6
25.3 Other goods and services from Federal sources 1
41.0 Grants, subsidies, and contributions 25



99.9 Total new obligations, unexpired accounts 1 31 7

Employment Summary


Identification code 020–0146–0–1–506 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 3 3 3

GSE Preferred Stock Purchase Agreements

Program and Financing (in millions of dollars)


Identification code 020–0125–0–1–371 2019 actual 2020 est. 2021 est.

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 254,051 254,051 254,051
1930 Total budgetary resources available 254,051 254,051 254,051
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 254,051 254,051 254,051
4180 Budget authority, net (total)
4190 Outlays, net (total)

In 2008, under temporary authority granted by section 1117 of the Housing and Economic Recovery Act of 2008 (P.L. 110–289), Treasury entered into agreements with Fannie Mae and Freddie Mac (the GSEs) to purchase senior preferred stock of each GSE and to provide up to $100 billion when needed to ensure that each company maintains a positive net worth. In May 2009, Treasury increased the Senior Preferred Stock Purchase Agreement (PSPA) funding commitment caps to $200 billion for each GSE, and in December 2009 Treasury modified the funding commitment caps in the PSPAs to be the greater of $200 billion or $200 billion plus cumulative net worth deficits experienced during 2010–2012, less any surplus remaining as of December 31, 2012. Based on the financial results reported by each GSE as of December 31, 2012, and under the terms of the PSPAs, the combined cumulative funding commitment cap for Fannie Mae and Freddie Mac was set at $445.5 billion. Treasury's authority to purchase obligations or other securities of the GSEs or to increase the funding commitment expired on December 31, 2009. Under the PSPAs, Treasury has maintained the solvency of the GSEs by providing $191.5 billion of investment to the GSEs. The PSPAs also require the GSEs to pay dividends to Treasury that are recorded as offsetting receipts and are not reflected in this expenditure account. Through December 31, 2019, the GSEs have paid $301.0 billion in dividend payments to Treasury on the senior preferred stock.

GSE Mortgage-backed Securities Purchase Program Account

Program and Financing (in millions of dollars)


Identification code 020–0126–0–1–371 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0010 Financial Agent Services 1 1 1



0900 Total new obligations, unexpired accounts (object class 25.2) 1 1 1

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1221 Appropriations transferred from other acct [020–1802] 1 1 1
1930 Total budgetary resources available 1 1 1

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 1 1 1
3020 Outlays (gross) –1 –1 –1

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 1 1 1
Outlays, gross:
4100 Outlays from new mandatory authority 1 1 1
4180 Budget authority, net (total) 1 1 1
4190 Outlays, net (total) 1 1 1

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)


Identification code 020–0126–0–1–371 2019 actual 2020 est. 2021 est.

Direct loan reestimates:
135002 New Issue Bond Program SF –3 –9
135003 New Issue Bond Program MF –3 –8



135999 Total direct loan reestimates –6 –17

The authority for the three programs displayed in this account: Fannie Mae and Freddie Mac's mortgage-backed securities purchase program, which purchased and then liquidated mortgage backed securities; the Temporary Credit and Liquidity Program, which provided liquidity to state housing financing agencies (HFAs); and the New Issue Bond Program, which purchased securities backed by new HFA housing bonds was provided in section 1117 of the Housing and Economic Recovery Act of 2008 (P.L. 110–289). As required by the Federal Credit Reform Act of 1990 as amended, this account records the subsidy costs associated with these programs, which are treated as direct loans for budget execution. The subsidy amounts are estimated on a present value basis.

State HFA Direct Loan Financing Account

Program and Financing (in millions of dollars)


Identification code 020–4298–0–3–371 2019 actual 2020 est. 2021 est.

Obligations by program activity:
Credit program obligations:
0713 Payment of interest to Treasury 154 147 147
0742 Downward reestimates paid to receipt accounts 5 12
0743 Interest on downward reestimates 2 6



0900 Total new obligations, unexpired accounts 161 165 147

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 42 44 44
1023 Unobligated balances applied to repay debt –42



1050 Unobligated balance (total) 44 44
Financing authority:
Borrowing authority, mandatory:
1400 Borrowing authority 7
Spending authority from offsetting collections, mandatory:
1800 Collected 483 264 241
1825 Spending authority from offsetting collections applied to repay debt –285 –99 –94



1850 Spending auth from offsetting collections, mand (total) 198 165 147
1900 Budget authority (total) 205 165 147
1930 Total budgetary resources available 205 209 191
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 44 44 44

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1 1
3010 New obligations, unexpired accounts 161 165 147
3020 Outlays (gross) –160 –165 –147



3050 Unpaid obligations, end of year 1 1 1
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1 1
3200 Obligated balance, end of year 1 1 1

Financing authority and disbursements, net:
Mandatory:
4090 Budget authority, gross 205 165 147
Financing disbursements:
4110 Outlays, gross (total) 160 165 147
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4122 Interest on uninvested funds –5 –6 –10
4123 Non-Federal sources - Interest –118 –110 –107
4123 Non-Federal sources - Principal –360 –148 –124



4130 Offsets against gross budget authority and outlays (total) –483 –264 –241



4160 Budget authority, net (mandatory) –278 –99 –94
4170 Outlays, net (mandatory) –323 –99 –94
4180 Budget authority, net (total) –278 –99 –94
4190 Outlays, net (total) –323 –99 –94

Status of Direct Loans (in millions of dollars)


Identification code 020–4298–0–3–371 2019 actual 2020 est. 2021 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year 4,624 4,264 4,116
1251 Repayments: Repayments and prepayments –360 –148 –124



1290 Outstanding, end of year 4,264 4,116 3,992

Balance Sheet (in millions of dollars)


Identification code 020–4298–0–3–371 2018 actual 2019 actual

ASSETS:
1101 Federal assets: Fund balances with Treasury 42 45
Net value of assets related to post-1991 direct loans receivable:
1401 Direct loans receivable, gross 4,624 4,264
1405 Allowance for subsidy cost (-) –630 –582


1499 Net present value of assets related to direct loans 3,994 3,682


1999 Total assets 4,036 3,727
LIABILITIES:
Federal liabilities:
2103 Debt 4,036 3,709
2105 Other 18


2999 Total liabilities 4,036 3,727
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 4,036 3,727

Trust Funds

Capital Magnet Fund, Community Development Financial Institutions

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–8524–0–7–451 2019 actual 2020 est. 2021 est.

0100 Balance, start of year 10 8 9
Receipts:
Current law:
1130 Affordable Housing Allocation, Capital Magnet Fund 132 162 132
Proposed:
1230 Affordable Housing Allocation, Capital Magnet Fund –132



1999 Total receipts 132 162



2000 Total: Balances and receipts 142 170 9
Appropriations:
Current law:
2101 Capital Magnet Fund, Community Development Financial Institutions –132 –162 –132
2103 Capital Magnet Fund, Community Development Financial Institutions –10 –8 –9
2132 Capital Magnet Fund, Community Development Financial Institutions 8 9



2199 Total current law appropriations –134 –161 –141
Proposed:
2201 Capital Magnet Fund, Community Development Financial Institutions 132



2999 Total appropriations –134 –161 –9



5099 Balance, end of year 8 9

Program and Financing (in millions of dollars)


Identification code 020–8524–0–7–451 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 CDFI Allocations 142 131 160
0002 CMF Administration 2 2 2



0900 Total new obligations, unexpired accounts 144 133 162

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 141 132 160
1033 Recoveries of prior year paid obligations 1



1050 Unobligated balance (total) 142 132 160
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 132 162 132
1203 Appropriation (previously unavailable)(special or trust) 10 8 9
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –8 –9



1260 Appropriations, mandatory (total) 134 161 141
1930 Total budgetary resources available 276 293 301
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 132 160 139

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1 4 4
3010 New obligations, unexpired accounts 144 133 162
3020 Outlays (gross) –141 –133 –162



3050 Unpaid obligations, end of year 4 4 4
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1 4 4
3200 Obligated balance, end of year 4 4 4

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 134 161 141
Outlays, gross:
4100 Outlays from new mandatory authority 133 8 9
4101 Outlays from mandatory balances 8 125 153



4110 Outlays, gross (total) 141 133 162
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123 Non-Federal sources –1
Additional offsets against gross budget authority only:
4143 Recoveries of prior year paid obligations, unexpired accounts 1



4160 Budget authority, net (mandatory) 134 161 141
4170 Outlays, net (mandatory) 140 133 162
4180 Budget authority, net (total) 134 161 141
4190 Outlays, net (total) 140 133 162

Summary of Budget Authority and Outlays (in millions of dollars)


2019 actual 2020 est. 2021 est.

Enacted/requested:
Budget Authority 134 161 141
Outlays 140 133 162
Legislative proposal, subject to PAYGO:
Budget Authority –132
Total:
Budget Authority 134 161 9
Outlays 140 133 162

The Capital Magnet Fund (CMF) provides financial assistance grants to Community Development Financial Institutions and qualified nonprofit housing providers that would be leveraged to attract other financing sources for affordable housing and related economic development activities. The CMF was established by the Housing and Economic Recovery Act of 2008 (HERA) (P.L. 110–289), which directed the program to be funded from assessments on Fannie Mae and Freddie Mac (the GSEs). The 2021 Budget includes a proposal to eliminate new funding for CMF.

Object Classification (in millions of dollars)


Identification code 020–8524–0–7–451 2019 actual 2020 est. 2021 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 1 1
25.1 Advisory and assistance services 1 1 1
41.0 Grants, subsidies, and contributions 143 131 160



99.9 Total new obligations, unexpired accounts 144 133 162

Employment Summary


Identification code 020–8524–0–7–451 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 3 6 6

Capital Magnet Fund, Community Development Financial Institutions

(Legislative proposal, subject to PAYGO)

Program and Financing (in millions of dollars)


Identification code 020–8524–4–7–451 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 CDFI Allocations –160



0900 Total new obligations, unexpired accounts (object class 41.0) –160

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) –132
1930 Total budgetary resources available –132
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 28

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts –160



3050 Unpaid obligations, end of year –160
Memorandum (non-add) entries:
3200 Obligated balance, end of year –160

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross –132
4180 Budget authority, net (total) –132
4190 Outlays, net (total)

Employment Summary


Identification code 020–8524–4–7–451 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment –3

Gifts and Bequests

Program and Financing (in millions of dollars)


Identification code 020–8790–0–7–803 2019 actual 2020 est. 2021 est.

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 1 1 1
1930 Total budgetary resources available 1 1 1
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 1 1 1
4180 Budget authority, net (total)
4190 Outlays, net (total)

Memorandum (non-add) entries:
5000 Total investments, SOY: Federal securities: Par value 1 1 1
5001 Total investments, EOY: Federal securities: Par value 1 1 1

This account was established pursuant to 31 U.S.C. 321 to receive gifts and bequests to the Department. These funds support the restoration of the Treasury building and historical collection of art, furniture, and artifacts owned by the Department. The fund is also used as an endowment for Treasury's restored rooms.

Financial Crimes Enforcement Network

Federal Funds

salaries and expenses

For necessary expenses of the Financial Crimes Enforcement Network, including hire of passenger motor vehicles; travel and training expenses of non-Federal and foreign government personnel to attend meetings and training concerned with domestic and foreign financial intelligence activities, law enforcement, and financial regulation; services authorized by 5 U.S.C. 3109; not to exceed $12,000 for official reception and representation expenses; and for assistance to Federal law enforcement agencies, with or without reimbursement, $126,963,000, of which not to exceed $34,335,000 shall remain available until September 30, 2023.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–0173–0–1–751 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 BSA administration and Analysis 129 127 129
0801 Reimbursable program activity 2 1 1



0900 Total new obligations, unexpired accounts 131 128 130

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 38 27 28
Budget authority:
Appropriations, discretionary:
1100 Appropriation 118 126 127
Spending authority from offsetting collections, discretionary:
1700 Collected 1 3 3
1701 Change in uncollected payments, Federal sources 1



1750 Spending auth from offsetting collections, disc (total) 2 3 3
1900 Budget authority (total) 120 129 130
1930 Total budgetary resources available 158 156 158
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 27 28 28

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 48 57 77
3010 New obligations, unexpired accounts 131 128 130
3020 Outlays (gross) –120 –108 –126
3041 Recoveries of prior year unpaid obligations, expired –2



3050 Unpaid obligations, end of year 57 77 81
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –1 –1 –1
3070 Change in uncollected pymts, Fed sources, unexpired –1
3071 Change in uncollected pymts, Fed sources, expired 1



3090 Uncollected pymts, Fed sources, end of year –1 –1 –1
Memorandum (non-add) entries:
3100 Obligated balance, start of year 47 56 76
3200 Obligated balance, end of year 56 76 80

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 120 129 130
Outlays, gross:
4010 Outlays from new discretionary authority 66 74 75
4011 Outlays from discretionary balances 54 34 51



4020 Outlays, gross (total) 120 108 126
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –1 –3 –3
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –1



4060 Additional offsets against budget authority only (total) –1



4070 Budget authority, net (discretionary) 118 126 127
4080 Outlays, net (discretionary) 119 105 123
4180 Budget authority, net (total) 118 126 127
4190 Outlays, net (total) 119 105 123

The Federal Crimes Enforcement Network (FinCEN) safeguards the financial system from illicit use, combats money laundering, and promotes national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence. FinCEN carries out its mission by developing and issuing regulations under the Bank Secrecy Act (BSA); enforcing compliance with the BSA in partnership with law enforcement and other regulatory partners; receiving and maintaining financial transaction data; analyzing and disseminating financial intelligence for law enforcement purposes; to serving as the U.S. Financial Intelligence Unit (FIU) and maintaining a network of information sharing with over 150 FIU partner countries.

Object Classification (in millions of dollars)


Identification code 020–0173–0–1–751 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 35 41 47
11.5 Other personnel compensation 1 1 1



11.9 Total personnel compensation 36 42 48
12.1 Civilian personnel benefits 11 12 14
21.0 Travel and transportation of persons 1 1 1
23.1 Rental payments to GSA 4 5 5
23.3 Communications, utilities, and miscellaneous charges 2 2 2
25.1 Advisory and assistance services 2 2 2
25.2 Other services from non-Federal sources 49 44 36
25.3 Other goods and services from Federal sources 13 8 10
25.7 Operation and maintenance of equipment 9 9 9
31.0 Equipment 2 2 2



99.0 Direct obligations 129 127 129
99.0 Reimbursable obligations 1 1 1
99.5 Adjustment for rounding 1



99.9 Total new obligations, unexpired accounts 131 128 130

Employment Summary


Identification code 020–0173–0–1–751 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 271 300 345
2001 Reimbursable civilian full-time equivalent employment 2 1 1

Fiscal Service

Federal Funds

Salaries and Expenses

For necessary expenses of operations of the Bureau of the Fiscal Service, $360,200,000; of which not less than $10,000,000, to remain available until September 30, 2023, is for expenses associated with the redemption of matured savings bonds that have not been redeemed; of which not to exceed $8,000,000, to remain available until September 30, 2023, is for information systems modernization initiatives; and of which $5,000 shall be available for official reception and representation expenses.

In addition, $165,000, to be derived from the Oil Spill Liability Trust Fund to reimburse administrative and personnel expenses for financial management of the Fund, as authorized by section 1012 of Public Law 101–380.

(Department of the Treasury Appropriations Act, 2020.)

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–0520–0–1–803 2019 actual 2020 est. 2021 est.

0100 Balance, start of year 1 2
Receipts:
Current law:
1130 Debt Collection, Non-federal Receipts 200 170 176
1140 Debt Collection Improvement Fund, Federal Receipts 24 29 29



1199 Total current law receipts 224 199 205
Proposed:
1230 Debt Collection, Non-federal Receipts 22
1230 Debt Collection, Non-federal Receipts 6
1240 Debt Collection Improvement Fund, Federal Receipts 96



1299 Total proposed receipts 124



1999 Total receipts 224 199 329



2000 Total: Balances and receipts 225 201 329
Appropriations:
Current law:
2101 Salaries and Expenses –224 –201 –203
2103 Salaries and Expenses –2 –2 –2
2132 Salaries and Expenses 2 2



2199 Total current law appropriations –224 –201 –205
Proposed:
2201 Salaries and Expenses –22



2999 Total appropriations –224 –201 –227
5098 Rounding adjustment 1



5099 Balance, end of year 2 102

Program and Financing (in millions of dollars)


Identification code 020–0520–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Collections 42 38 41
0002 Debt Collection 205 201 203
0005 Accounting and Reporting 94 99 103
0006 Payments 123 123 122
0007 Retail Securities Services 55 58 61
0009 Wholesale Securities Services 24 22 23
0010 Matured Unreedeemed Debt 17 13



0799 Total direct obligations 543 558 566
0801 Salaries and Expenses (Reimbursable) 181 199 177



0900 Total new obligations, unexpired accounts 724 757 743

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 72 91 99
1001 Discretionary unobligated balance brought fwd, Oct 1 9 8
1012 Unobligated balance transfers between expired and unexpired accounts 1
1021 Recoveries of prior year unpaid obligations 8
1022 Capital transfer of unobligated balances to general fund –4



1050 Unobligated balance (total) 77 91 99
Budget authority:
Appropriations, discretionary:
1100 Appropriation 338 365 360
Appropriations, mandatory:
1201 Special Fund 20–5445 224 201 203
1203 Appropriation (previously unavailable)(special or trust) 2 2 2
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –2 –2
1240 Capital transfer of appropriations to general fund –1



1260 Appropriations, mandatory (total) 223 201 205
Spending authority from offsetting collections, discretionary:
1700 Collected 173 199 177
1701 Change in uncollected payments, Federal sources 8



1750 Spending auth from offsetting collections, disc (total) 181 199 177
1900 Budget authority (total) 742 765 742
1930 Total budgetary resources available 819 856 841
Memorandum (non-add) entries:
1940 Unobligated balance expiring –4
1941 Unexpired unobligated balance, end of year 91 99 98
Special and non-revolving trust funds:
1951 Unobligated balance expiring 3
1952 Expired unobligated balance, start of year 8
1953 Expired unobligated balance, end of year 3

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 90 99 143
3010 New obligations, unexpired accounts 724 757 743
3011 Obligations ("upward adjustments"), expired accounts 6
3020 Outlays (gross) –703 –713 –733
3040 Recoveries of prior year unpaid obligations, unexpired –8
3041 Recoveries of prior year unpaid obligations, expired –10



3050 Unpaid obligations, end of year 99 143 153
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –13 –10 –10
3070 Change in uncollected pymts, Fed sources, unexpired –8
3071 Change in uncollected pymts, Fed sources, expired 11



3090 Uncollected pymts, Fed sources, end of year –10 –10 –10
Memorandum (non-add) entries:
3100 Obligated balance, start of year 77 89 133
3200 Obligated balance, end of year 89 133 143

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 519 564 537
Outlays, gross:
4010 Outlays from new discretionary authority 455 435 415
4011 Outlays from discretionary balances 54 71 113



4020 Outlays, gross (total) 509 506 528
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –185 –199 –177



4040 Offsets against gross budget authority and outlays (total) –185 –199 –177
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –8
4052 Offsetting collections credited to expired accounts 12



4060 Additional offsets against budget authority only (total) 4



4070 Budget authority, net (discretionary) 338 365 360
4080 Outlays, net (discretionary) 324 307 351
Mandatory:
4090 Budget authority, gross 223 201 205
Outlays, gross:
4100 Outlays from new mandatory authority 124 147 148
4101 Outlays from mandatory balances 70 60 57



4110 Outlays, gross (total) 194 207 205
4180 Budget authority, net (total) 561 566 565
4190 Outlays, net (total) 518 514 556

Summary of Budget Authority and Outlays (in millions of dollars)


2019 actual 2020 est. 2021 est.

Enacted/requested:
Budget Authority 561 566 565
Outlays 518 514 556
Legislative proposal, subject to PAYGO:
Budget Authority 22
Outlays 16
Total:
Budget Authority 561 566 587
Outlays 518 514 572

The mission of the Fiscal Service is to promote the financial integrity and operational efficiency of the U.S. Government through exceptional accounting, financing, collections, payments, and shared services. The Fiscal Service engages in efforts to streamline the Government's audit processes, and to reduce intra-governmental accounting differences that stand in the way of a clean audit opinion on the Financial Report of the U.S. Government. The Fiscal Service has set ambitious goals for all-electronic transactions between the bureau, Federal agencies and the public to improve efficiency, security and enable the application of higher levels of automation, such as robotics and artificial intelligence.

The Budget ensures the viability of the Government's National Financial Critical Infrastructure (NFCI) that finances Federal operations, collects revenue, disburses payments, and reports on the Government's financial position. Included in the Budget are resources to improve the accuracy and availability of financial information, implement new, innovative financial practices, strengthen the resiliency of our infrastructure, and enhance the customer value and experience. Because of Fiscal Service's central role in Government-wide financial operations, the Budget supports Treasury's leadership in transforming Federal financial management to become more efficient, more accurate and deliver better service to citizens. The Budget also strengthens Fiscal Service's cybersecurity posture and supports Treasury's efforts to help Americans identify and recover their savings bonds that have matured but remain unredeemed.

Object Classification (in millions of dollars)


Identification code 020–0520–0–1–803 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 177 187 192
11.5 Other personnel compensation 5 6 6



11.9 Total personnel compensation 182 193 198
12.1 Civilian personnel benefits 62 69 71
21.0 Travel and transportation of persons 3 3 3
23.1 Rental payments to GSA 23 23 26
23.3 Communications, utilities, and miscellaneous charges 17 17 17
25.1 Advisory and assistance services 68 63 66
25.2 Other services from non-Federal sources 24 19 20
25.3 Other goods and services from Federal sources 148 155 149
25.4 Operation and maintenance of facilities 2 2 2
25.7 Operation and maintenance of equipment 7 7 7
26.0 Supplies and materials 3 3 3
31.0 Equipment 4 4 4



99.0 Direct obligations 543 558 566
99.0 Reimbursable obligations 181 199 177



99.9 Total new obligations, unexpired accounts 724 757 743

Employment Summary


Identification code 020–0520–0–1–803 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 1,861 1,960 1,985
2001 Reimbursable civilian full-time equivalent employment 11 9 9

Salaries and Expenses

(Legislative proposal, subject to PAYGO)

Program and Financing (in millions of dollars)


Identification code 020–0520–4–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0002 Debt Collection 22



0799 Total direct obligations 22



0900 Total new obligations, unexpired accounts (object class 25.3) 22

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1201 Special Fund 20–5445 22
1930 Total budgetary resources available 22

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 22
3020 Outlays (gross) –16



3050 Unpaid obligations, end of year 6
Memorandum (non-add) entries:
3200 Obligated balance, end of year 6

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 22
Outlays, gross:
4100 Outlays from new mandatory authority 16
4180 Budget authority, net (total) 22
4190 Outlays, net (total) 16

The Budget proposes legislation to allow Fiscal Service to recover its costs of collecting delinquent tax debt directly from levy collections, rather than from IRS direct appropriation. This would reduce administrative and overhead costs for both Fiscal Service and the IRS.

For more information on this and other debt collection proposals, please consult the Payment Integrity chapter of the Analytical Perspectives and the Debt Collection section of the Major Savings and Reform Volume.

Reimbursements to Federal Reserve Banks

Program and Financing (in millions of dollars)


Identification code 020–0562–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Reimbursements to Federal Reserve Banks (Direct) 155 171 177



0900 Total new obligations, unexpired accounts (object class 25.2) 155 171 177

Budgetary resources:
Unobligated balance:
1021 Recoveries of prior year unpaid obligations 8
Budget authority:
Appropriations, mandatory:
1200 Appropriation 147 171 177
1930 Total budgetary resources available 155 171 177

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 37 47 47
3010 New obligations, unexpired accounts 155 171 177
3020 Outlays (gross) –137 –171 –171
3040 Recoveries of prior year unpaid obligations, unexpired –8



3050 Unpaid obligations, end of year 47 47 53
Memorandum (non-add) entries:
3100 Obligated balance, start of year 37 47 47
3200 Obligated balance, end of year 47 47 53

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 147 171 177
Outlays, gross:
4100 Outlays from new mandatory authority 100 125 128
4101 Outlays from mandatory balances 37 46 43



4110 Outlays, gross (total) 137 171 171
4180 Budget authority, net (total) 147 171 177
4190 Outlays, net (total) 137 171 171

This Fund was established by the Treasury, Postal Service, and General Government Appropriations Act of 1991 (P.L. 101–509, 104 Stat. 1389, 1394) as a permanent, indefinite appropriation to reimburse the Federal Reserve Banks for acting as fiscal agents of the Federal Government in support of financing the public debt.

Payment to the Resolution Funding Corporation

Program and Financing (in millions of dollars)


Identification code 020–1851–0–1–908 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment to the Resolution Funding Corporation (Direct) 2,628 2,445 1,367



0900 Total new obligations, unexpired accounts (object class 41.0) 2,628 2,445 1,367

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 2,628 2,445 1,367
1930 Total budgetary resources available 2,628 2,445 1,367

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 2,628 2,445 1,367
3020 Outlays (gross) –2,628 –2,445 –1,367

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 2,628 2,445 1,367
Outlays, gross:
4100 Outlays from new mandatory authority 2,628 2,445 1,367
4180 Budget authority, net (total) 2,628 2,445 1,367
4190 Outlays, net (total) 2,628 2,445 1,367

The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (the Act) authorized and appropriated to the Secretary of the Treasury such sums as may be necessary to cover interest payments on obligations issued by the Resolution Funding Corporation (REFCORP). REFCORP was established under the Act to raise $31.2 billion for the Resolution Trust Corporation (RTC) in order to resolve savings institution insolvencies.

Sources of payment for interest due on REFCORP obligations have included REFCORP investment income, proceeds from the sale of assets or warrants acquired by the RTC, and annual contributions by the Federal Home Loan Banks. Indefinite, mandatory funds appropriated to the Treasury are primarily used to meet any shortfall.

Hope Reserve Fund

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5581–0–2–371 2019 actual 2020 est. 2021 est.

0100 Balance, start of year 1 1 1



2000 Total: Balances and receipts 1 1 1



5099 Balance, end of year 1 1 1

Program and Financing (in millions of dollars)


Identification code 020–5581–0–2–371 2019 actual 2020 est. 2021 est.

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 86 86 86
1930 Total budgetary resources available 86 86 86
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 86 86 86
4180 Budget authority, net (total)
4190 Outlays, net (total)

The HOPE Reserve Fund was authorized by section 1337(e) of the Housing and Economic Recovery Act of 2008 (HERA, P.L. 110–289), which directed the account be funded from assessments on Fannie Mae and Freddie Mac.

Federal Reserve Bank Reimbursement Fund

Program and Financing (in millions of dollars)


Identification code 020–1884–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Federal Reserve Bank services 604 623 646



0900 Total new obligations, unexpired accounts (object class 25.2) 604 623 646

Budgetary resources:
Unobligated balance:
1021 Recoveries of prior year unpaid obligations 58
Budget authority:
Appropriations, mandatory:
1200 Appropriation 546 623 646
1930 Total budgetary resources available 604 623 646

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 148 157 157
3010 New obligations, unexpired accounts 604 623 646
3020 Outlays (gross) –537 –623 –638
3040 Recoveries of prior year unpaid obligations, unexpired –58



3050 Unpaid obligations, end of year 157 157 165
Memorandum (non-add) entries:
3100 Obligated balance, start of year 148 157 157
3200 Obligated balance, end of year 157 157 165

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 546 623 646
Outlays, gross:
4100 Outlays from new mandatory authority 389 467 484
4101 Outlays from mandatory balances 148 156 154



4110 Outlays, gross (total) 537 623 638
4180 Budget authority, net (total) 546 623 646
4190 Outlays, net (total) 537 623 638

This Fund was established by the Treasury and General Government Appropriations Act, 1998, Title I (P.L. 105–61, 111 Stat. 1276) as a permanent, indefinite appropriation to reimburse Federal Reserve Banks for services provided, when directed by the Secretary of the Treasury in accordance with 12 U.S.C. 391, in their capacity as depositaries and fiscal agents for the United States.

Payment of Government Losses in Shipment

Program and Financing (in millions of dollars)


Identification code 020–1710–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment of Government Losses in Shipment (Direct) 1 2 2



0900 Total new obligations, unexpired accounts (object class 42.0) 1 2 2

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 1 2 2
1930 Total budgetary resources available 1 2 2

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 1 2 2
3020 Outlays (gross) –1 –2 –2

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 1 2 2
Outlays, gross:
4100 Outlays from new mandatory authority 1 2 2
4180 Budget authority, net (total) 1 2 2
4190 Outlays, net (total) 1 2 2

This account was created as self-insurance to cover losses in shipment of Government property such as coins, currency, securities, certain losses incurred by the Postal Service, and losses in connection with the redemption of savings bonds. Approximately 1,100 claims are paid annually.

Financial Agent Services

Program and Financing (in millions of dollars)


Identification code 020–1802–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Financial agent services 837 848 864



0900 Total new obligations, unexpired accounts (object class 25.2) 837 848 864

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 14
1021 Recoveries of prior year unpaid obligations 15 15



1050 Unobligated balance (total) 15 15 14
Budget authority:
Appropriations, mandatory:
1200 Appropriation 823 848 864
1220 Appropriations transferred to other accts [020–0126] –1 –1 –1



1260 Appropriations, mandatory (total) 822 847 863
1930 Total budgetary resources available 837 862 877
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 14 13

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 67 69 70
3010 New obligations, unexpired accounts 837 848 864
3020 Outlays (gross) –820 –832 –852
3040 Recoveries of prior year unpaid obligations, unexpired –15 –15



3050 Unpaid obligations, end of year 69 70 82
Memorandum (non-add) entries:
3100 Obligated balance, start of year 67 69 70
3200 Obligated balance, end of year 69 70 82

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 822 847 863
Outlays, gross:
4100 Outlays from new mandatory authority 753 763 639
4101 Outlays from mandatory balances 67 69 213



4110 Outlays, gross (total) 820 832 852
4180 Budget authority, net (total) 822 847 863
4190 Outlays, net (total) 820 832 852

This permanent, indefinite appropriation was established to reimburse financial institutions for the services they provide as depositaries and financial agents of the Federal Government. The services include the acceptance and processing of deposits of public money, as well as services essential to the disbursement of, and accounting for, public monies. The services provided are authorized under numerous statutes including, but not limited to, 12 U.S.C. 90 and 265. This permanent, indefinite appropriation is authorized by P.L. 108–100, the "Check Clearing for the 21st Century Act,'' and permanently appropriated by P.L. 108–199, the "Consolidated Appropriations Act of 2004.'' Additionally, financial agent administrative and financial analysis costs for the Government Sponsored Enterprise Mortgage Backed Securities Purchase Program and State Housing Finance Agency program are reimbursed from this account.

Interest on Uninvested Funds

Program and Financing (in millions of dollars)


Identification code 020–1860–0–1–908 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Interest of uninvested funds 39 48 48



0900 Total new obligations, unexpired accounts (object class 43.0) 39 48 48

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 39 48 48
1930 Total budgetary resources available 39 48 48

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 62 88 88
3010 New obligations, unexpired accounts 39 48 48
3020 Outlays (gross) –13 –48 –48



3050 Unpaid obligations, end of year 88 88 88
Memorandum (non-add) entries:
3100 Obligated balance, start of year 62 88 88
3200 Obligated balance, end of year 88 88 88

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 39 48 48
Outlays, gross:
4101 Outlays from mandatory balances 13 48 48
4180 Budget authority, net (total) 39 48 48
4190 Outlays, net (total) 13 48 48

This account was established for the purpose of paying interest on certain uninvested funds placed in trust in the Treasury in accordance with various statutes (31 U.S.C. 1321; 2 U.S.C. 158 (P.L. 94–289); 20 U.S.C. 74a (P.L. 94–418) and 101; 24 U.S.C. 46 (P.L. 94–290) and 69 Stat. 533).

Federal Interest Liabilities to States

Program and Financing (in millions of dollars)


Identification code 020–1877–0–1–908 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Federal interest liabilities to States 1 1



0900 Total new obligations, unexpired accounts (object class 25.2) 1 1

Budgetary resources:
Unobligated balance:
1033 Recoveries of prior year paid obligations 1
1037 Unobligated balance of appropriations withdrawn –1
Budget authority:
Appropriations, mandatory:
1200 Appropriation 1 1
1930 Total budgetary resources available 1 1

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 1 1
3020 Outlays (gross) –1 –1

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 1 1
Outlays, gross:
4100 Outlays from new mandatory authority 1 1
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120 Federal sources: –1
Additional offsets against gross budget authority only:
4143 Recoveries of prior year paid obligations, unexpired accounts 1



4160 Budget authority, net (mandatory) 1 1
4170 Outlays, net (mandatory) –1 1 1
4180 Budget authority, net (total) 1 1
4190 Outlays, net (total) –1 1 1

Pursuant to the Cash Management Improvement Act (P.L. 101–453, 104 Stat. 1058) as amended (P.L. 102–589, 106 Stat. 5133), and Treasury regulations codified at 31 CFR Part 205, under certain circumstances, interest is paid when Federal funds are not transferred to states in a timely manner.

Interest Paid to Credit Financing Accounts

Program and Financing (in millions of dollars)


Identification code 020–1880–0–1–908 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Interest paid to credit financing accounts 7,122 11,948 12,098



0900 Total new obligations, unexpired accounts (object class 43.0) 7,122 11,948 12,098

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 7,122 11,948 12,098
1930 Total budgetary resources available 7,122 11,948 12,098

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 7,122 11,948 12,098
3020 Outlays (gross) –7,122 –11,948 –12,098

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 7,122 11,948 12,098
Outlays, gross:
4100 Outlays from new mandatory authority 7,122 11,948 12,098
4180 Budget authority, net (total) 7,122 11,948 12,098
4190 Outlays, net (total) 7,122 11,948 12,098

This account pays interest on the invested balances of guaranteed and direct loan financing accounts. For guaranteed loan financing accounts, balances result when the accounts receive up-front payments and fees to be held in reserve to make payments on defaults. Direct loan financing accounts normally borrow from Treasury to disburse loans and receive interest and principal payments and other payments from borrowers. Because direct loan financing accounts generally repay borrowing from Treasury at the end of the year, they can build up balances of payments received during the year. Interest on invested balances is paid to the financing accounts from the general fund of the Treasury, in accordance with section 505(c) of the Federal Credit Reform Act of 1990.

Claims, Judgments, and Relief Acts

Program and Financing (in millions of dollars)


Identification code 020–1895–0–1–808 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Claims for damages 19 1 1
0003 Claims for contract disputes 397 240 240



0091 Total claims adjudicated administratively 416 241 241
0101 Judgments, Court of Claims 716 843 843
0102 Judgments, U.S. courts 574 618 618



0191 Total court judgments 1,290 1,461 1,461



0900 Total new obligations, unexpired accounts (object class 42.0) 1,706 1,702 1,702

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 1,706 1,702 1,702
1930 Total budgetary resources available 1,706 1,702 1,702

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 130 14
3010 New obligations, unexpired accounts 1,706 1,702 1,702
3020 Outlays (gross) –1,822 –1,716 –1,702



3050 Unpaid obligations, end of year 14
Memorandum (non-add) entries:
3100 Obligated balance, start of year 130 14
3200 Obligated balance, end of year 14

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 1,706 1,702 1,702
Outlays, gross:
4100 Outlays from new mandatory authority 1,693 1,702 1,702
4101 Outlays from mandatory balances 129 14



4110 Outlays, gross (total) 1,822 1,716 1,702
4180 Budget authority, net (total) 1,706 1,702 1,702
4190 Outlays, net (total) 1,822 1,716 1,702

Summary of Budget Authority and Outlays (in millions of dollars)


2019 actual 2020 est. 2021 est.

Enacted/requested:
Budget Authority 1,706 1,702 1,702
Outlays 1,822 1,716 1,702
Legislative proposal, subject to PAYGO:
Budget Authority –3
Outlays –3
Total:
Budget Authority 1,706 1,702 1,699
Outlays 1,822 1,716 1,699

Funds are made available for cases in which the Federal Government is found by courts to be liable for payment of claims and interest for damages not chargeable to appropriations of individual agencies, and for payment of private and public relief acts. Public Law 95–26 authorized a permanent, indefinite appropriation to pay certain judgments from the general fund of the Treasury.

Claims, Judgments, and Relief Acts

(Legislative proposal, subject to PAYGO)

Program and Financing (in millions of dollars)


Identification code 020–1895–4–1–808 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0102 Judgments, U.S. courts –3



0191 Total court judgments –3



0900 Total new obligations, unexpired accounts (object class 42.0) –3

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation –3
1930 Total budgetary resources available –3

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts –3
3020 Outlays (gross) 3

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross –3
Outlays, gross:
4100 Outlays from new mandatory authority –3
4180 Budget authority, net (total) –3
4190 Outlays, net (total) –3

The Budget proposes to reform medical liability and reduce defensive medicine beginning in 2021 by implementing a set of provisions to reduce the number of high dollar awards, limit liability, reduce provider burden, promote evidence-based practices, and strengthen the physician-patient relationship. These reforms are expected to reduce healthcare costs for all Americans and reduce health insurance premiums.

Restitution of Forgone Interest

Program and Financing (in millions of dollars)


Identification code 020–1875–0–1–908 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Restitution of Forgone Interest (Direct) 2,371



0900 Total new obligations, unexpired accounts (object class 43.0) 2,371

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 2,371
1930 Total budgetary resources available 2,371

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 696
3010 New obligations, unexpired accounts 2,371
3020 Outlays (gross) –1,675 –696



3050 Unpaid obligations, end of year 696
Memorandum (non-add) entries:
3100 Obligated balance, start of year 696
3200 Obligated balance, end of year 696

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 2,371
Outlays, gross:
4100 Outlays from new mandatory authority 1,675
4101 Outlays from mandatory balances 696



4110 Outlays, gross (total) 1,675 696
4180 Budget authority, net (total) 2,371
4190 Outlays, net (total) 1,675 696

This account provides funds for the payment of interest on investments in Treasury securities that the Secretary of the Treasury has suspended or redeemed. The Secretary is permitted to take such action when Treasury is constrained by the statutory debt limit and must take extraordinary measures to avoid defaulting. Treasury is required to restore all due interest and principal to the respective investments.

Continued Dumping and Subsidy Offset

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5688–0–2–376 2019 actual 2020 est. 2021 est.

0100 Balance, start of year 2 1 3
Receipts:
Current law:
1110 Antidumping and Countervailing Duties, Continued Dumping and Subsidy Offset 16 55 14



2000 Total: Balances and receipts 18 56 17
Appropriations:
Current law:
2101 Continued Dumping and Subsidy Offset –16 –55 –14
2103 Continued Dumping and Subsidy Offset –2 –1 –3
2132 Continued Dumping and Subsidy Offset 1 3



2199 Total current law appropriations –17 –53 –17



2999 Total appropriations –17 –53 –17



5099 Balance, end of year 1 3

Program and Financing (in millions of dollars)


Identification code 020–5688–0–2–376 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Continued dumping and subsidy offset 23 16 55



0900 Total new obligations, unexpired accounts (object class 41.0) 23 16 55

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 123 117 154
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 16 55 14
1203 Appropriation (previously unavailable)(special or trust) 2 1 3
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –1 –3



1260 Appropriations, mandatory (total) 17 53 17
1930 Total budgetary resources available 140 170 171
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 117 154 116

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 23 16 55
3020 Outlays (gross) –23 –16 –55

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 17 53 17
Outlays, gross:
4101 Outlays from mandatory balances 23 16 55
4180 Budget authority, net (total) 17 53 17
4190 Outlays, net (total) 23 16 55

The Bureau of Customs and Border Protection, Department of Homeland Security (CBP), collects duties assessed pursuant to a countervailing duty order, an antidumping duty order, or a finding under the Antidumping Act of 1921. Under a provision enacted in 2000 CBP, through the Treasury, distributes certain of these duties to affected domestic producers. These distributions provide an additional subsidy to producers that already gain protection from the increased import prices, including tariffs. The authority to distribute assessments on entries made after October 1, 2007, has been repealed. Assessments on entries made before October 1, 2007, will be disbursed as if the authority had not been repealed. Assessments collected on eligible entries are to be disbursed within 60 days of the end of the fiscal year in which they were collected.

Check Forgery Insurance Fund

Program and Financing (in millions of dollars)


Identification code 020–4109–0–3–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0801 Check Forgery Insurance Fund (Reimbursable) 4 5 5



0900 Total new obligations, unexpired accounts (object class 42.0) 4 5 5

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 6 6 6
Budget authority:
Spending authority from offsetting collections, mandatory:
1800 Collected 4 5 5
1900 Budget authority (total) 4 5 5
1930 Total budgetary resources available 10 11 11
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 6 6 6

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 4 5 5
3020 Outlays (gross) –4 –5 –5

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 4 5 5
Outlays, gross:
4100 Outlays from new mandatory authority 5 5
4101 Outlays from mandatory balances 4



4110 Outlays, gross (total) 4 5 5
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123 Non-Federal sources –4 –5 –5
4180 Budget authority, net (total)
4190 Outlays, net (total)

This Fund was established as a permanent, indefinite appropriation in order to maintain adequate funding of the Check Forgery Insurance Fund. The Fund facilitates timely payments for replacement Treasury checks necessitated due to a claim of forgery. The Fund recoups disbursements through reclamations made against banks negotiating forged checks.

To reduce hardships sustained by payees of Government checks that have been stolen and forged, settlement is made in advance of the receipt of funds from the endorsers of the checks. If the U.S. Treasury is unable to recover funds through reclamation procedures, the Fund sustains the loss.

Public Law 108–447 expanded the use of the Fund to include payments made via electronic funds transfer. A technical correction to the Fund's statutes to ensure and clarify that the Fund can be utilized as a funding source for relief of administrative disbursing errors was enacted by P.L. 110–161, Division D, section 119.

Trust Funds

Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–8209–0–7–306 2019 actual 2020 est. 2021 est.

0100 Balance, start of year 60 60 60
Receipts:
Current law:
1140 Earnings on Investments, Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund 1 1 1



2000 Total: Balances and receipts 61 61 61
Appropriations:
Current law:
2101 Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund –1 –1 –1



5099 Balance, end of year 60 60 60

Program and Financing (in millions of dollars)


Identification code 020–8209–0–7–306 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restorat (Direct) 1 1 1



0900 Total new obligations, unexpired accounts (object class 43.0) 1 1 1

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 1 1 1
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 1 1 1
1930 Total budgetary resources available 2 2 2
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 1 1 1

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 1 1 1
3020 Outlays (gross) –1 –1 –1

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 1 1 1
Outlays, gross:
4101 Outlays from mandatory balances 1 1 1
4180 Budget authority, net (total) 1 1 1
4190 Outlays, net (total) 1 1 1

Memorandum (non-add) entries:
5000 Total investments, SOY: Federal securities: Par value 61 61 61
5001 Total investments, EOY: Federal securities: Par value 61 61 61

This schedule reflects the payments made to the Cheyenne River Sioux Tribe Terrestrial Wildlife Restoration Trust Fund and the Lower Brule Sioux Tribe Terrestrial Wildlife Restoration Trust Fund. Pursuant to section 604(b) of the Water Resources Development Act of 1999 (P.L. 106–53), after the funds were fully capitalized by deposits from the General Fund of the Treasury, interest earned became available to the Tribes to carry out the purposes of the funds. Full capitalization occurred in 2010; therefore no additional deposits will be provided by the General Fund of the Treasury. The Tribes are only able to draw down on interest earned investments.

Gulf Coast Restoration Trust Fund

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–8625–0–7–452 2019 actual 2020 est. 2021 est.

0100 Balance, start of year 12 20 21
Receipts:
Current law:
1110 Administrative and Civil Penalties, Gulf Coast Restoration Trust Fund 303 304 303
1140 Earnings on Investments, Gulf Coast Restoration Trust Fund 20 36 27



1199 Total current law receipts 323 340 330



1999 Total receipts 323 340 330



2000 Total: Balances and receipts 335 360 351
Appropriations:
Current law:
2101 Gulf Coast Restoration Trust Fund –324 –340 –331
2103 Gulf Coast Restoration Trust Fund –11 –19 –20
2132 Gulf Coast Restoration Trust Fund 20 20



2199 Total current law appropriations –315 –339 –351



2999 Total appropriations –315 –339 –351



5099 Balance, end of year 20 21

Program and Financing (in millions of dollars)


Identification code 020–8625–0–7–452 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Direct Component 118 65 65
0002 Comprehensive Plan Component 12 48 46
0003 Oil Spill Restoration Impact Component 94 49 49
0004 NOAA RESTORE Act Science Program 6 6 7
0005 Centers of Excellence Research Grants 10 8 8



0900 Total new obligations, unexpired accounts 240 176 175

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 957 1,033 1,196
1021 Recoveries of prior year unpaid obligations 1



1050 Unobligated balance (total) 958 1,033 1,196
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 324 340 331
1203 Appropriation (previously unavailable)(special or trust) 11 19 20
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –20 –20



1260 Appropriations, mandatory (total) 315 339 351
1900 Budget authority (total) 315 339 351
1930 Total budgetary resources available 1,273 1,372 1,547
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 1,033 1,196 1,372

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 310 461 449
3010 New obligations, unexpired accounts 240 176 175
3020 Outlays (gross) –88 –188 –171
3040 Recoveries of prior year unpaid obligations, unexpired –1



3050 Unpaid obligations, end of year 461 449 453
Memorandum (non-add) entries:
3100 Obligated balance, start of year 310 461 449
3200 Obligated balance, end of year 461 449 453

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 315 339 351
Outlays, gross:
4101 Outlays from mandatory balances 88 188 171
4180 Budget authority, net (total) 315 339 351
4190 Outlays, net (total) 88 188 171

Memorandum (non-add) entries:
5000 Total investments, SOY: Federal securities: Par value 1,284 1,545 1,748
5001 Total investments, EOY: Federal securities: Par value 1,545 1,748 1,908

This fund was established by the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012 (RESTORE Act). It will receive 80 percent of the civil and administrative penalties collected after July 6, 2012, from parties responsible for the Deepwater Horizon oil spill. Funding will be used by Federal, state, and local governments for activities to restore and protect the ecosystems and economy of the Gulf Coast region, research and monitoring, and related oversight and management responsibilities. The current estimates represent known settlement amounts; additional funds may become available through future court judgments or settlements.

Object Classification (in millions of dollars)


Identification code 020–8625–0–7–452 2019 actual 2020 est. 2021 est.

Direct obligations:
41.0 Grants, subsidies, and contributions 128 73 73
94.0 Financial transfers 112 103 102



99.9 Total new obligations, unexpired accounts 240 176 175

Federal Financing Bank

Federal Funds

Federal Financing Bank

Program and Financing (in millions of dollars)


Identification code 020–4521–0–4–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0801 Administrative Expenses 12 13 13
0802 Interest on borrowings from Treasury 1,839 1,865 1,928
0803 Interest on borrowings from CRSDF 296 237 192



0900 Total new obligations, unexpired accounts 2,147 2,115 2,133

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 624 2,082 4,327
1023 Unobligated balances applied to repay debt –1,530 –1,547 –1,208
1028 FFB: Agency or guaranteed principal received in excess of principal repaid to the Fiscal Service 2,564 3,512 676



1050 Unobligated balance (total) 1,658 4,047 3,795
Budget authority:
Spending authority from offsetting collections, mandatory:
1800 Collected 2,571 2,395 2,237
1930 Total budgetary resources available 4,229 6,442 6,032
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 2,082 4,327 3,899

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1 1 1
3010 New obligations, unexpired accounts 2,147 2,115 2,133
3020 Outlays (gross) –2,147 –2,115 –2,133



3050 Unpaid obligations, end of year 1 1 1
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1 1 1
3200 Obligated balance, end of year 1 1 1

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 2,571 2,395 2,237
Outlays, gross:
4100 Outlays from new mandatory authority 2,146 2,115 2,133
4101 Outlays from mandatory balances 1



4110 Outlays, gross (total) 2,147 2,115 2,133
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120 Federal sources –2,571 –2,395 –2,237
4180 Budget authority, net (total)
4190 Outlays, net (total) –424 –280 –104

The Federal Financing Bank (FFB) was created in 1973 to reduce the costs of certain Federal and federally-assisted borrowing and to ensure the coordination of such borrowing from the public in a manner least disruptive to private financial markets and institutions. Prior to that time, many agencies borrowed directly from the private market to finance credit programs involving lending to the public at higher rates than on comparable Treasury securities. With the implementation of the Federal Credit Reform Act of 1990 agencies finance such loan programs through direct loan financing accounts that borrow directly from the Treasury. The FFB finances these Federal direct loans to the public which are fully guaranteed by a Federal agency. FFB loans are also used to finance activities of the U.S. Postal Service.

Lending by the FFB may take one of three forms, depending on the authorizing statutes pertaining to a particular agency or program: 1) the FFB may purchase agency financial assets; 2) the FFB may acquire debt securities that the agency is otherwise authorized to issue to the public; and 3) the FFB may originate direct loans on behalf of an agency by disbursing loans directly to private borrowers and receiving repayments from the private borrower on behalf of the agency. Because the law requires that transactions by the FFB be treated as a means of financing agency obligations, the budgetary effect of the third type of transaction is reflected in the Budget in the following sequence: a loan by the FFB to the agency, a loan by the agency to a private borrower, a repayment by a private borrower to the agency, and a repayment by the agency to the FFB.

In 2019, FFB's net inflows were $337 million. In addition to its authority to borrow from the Treasury (Fiscal Service), the FFB has the statutory authority to borrow up to $15 billion from other sources. Any such borrowing is exempt from the statutory ceiling on Federal debt. The FFB used this authority most recently in October 2015.

The following tables show (1) the annual net lending by the FFB by agency and program and the amount outstanding at the end of each year and (2) principal repayments from the borrower in excess of principal repaid to the Fiscal Service each year.

NET LENDING AND LOANS OUTSTANDING, END OF YEAR (in millions of dollars)


2019 actual 2020 est. 2021 est.

A. Department of Agriculture:
1. Rural Utilities Service:
Lending, net –134 1,956 1,827
Loans outstanding 846,154 348,110 49,937
B. Department of Education:
1. Historically black colleges and universities:
Lending, net 228 264 134
Loans outstanding 1,677 1,941 2,075
C. Department of Energy:
1. Title 17 innovative technology loans:
Lending, net 1,736 1,237 1,258
Loans outstanding 12,803 14,040 15,298
2. Advanced technology vehicles manufacturing loans:
Lending, net –591 –591 –591
Loans outstanding 1,618 1,027 436
D. Department of Housing and Urban Development:
1. Multifamily Risk Share Program:
Lending, net 303 525 109
Loans outstanding 1,968 2,493 2,602
E. Department of Transportation:
1. Railroad Revitalization and Regulatory Reform Act:
Lending, net ....... ....... .......
Loans outstanding ....... ....... .......
F. Department of the Treasury:
1. CDFI Fund Bond Guarantee Program:
Lending, net 321 359 211
Loans outstanding 1,016 1,375 1,586
G. Department of Veterans Affairs:
1. Transitional housing for homeless veterans:
Lending, net ....... ....... .......
Loans outstanding 5 5 5
H. General Services Administration:
1. Federal buildings fund:
Lending, net ....... ....... .......
Loans outstanding ....... ....... .......
I. International Assistance Programs:
1. Foreign military sales credit:
Lending, net ....... ....... .......
Loans outstanding ....... ....... .......
J. Postal Service:
1. Postal Service fund:
Lending, net –2,200 ...... .......
Loans outstanding 11,000 11,000 11,000



Total lending:
Lending, net –337 3,750 2,948
Loans outstanding 76,241 79,991 82,939




PRINCIPAL REPAYMENTS, END OF YEAR


2019 actual 2020 est. 2021 est.

Agency or Guaranteed Principal Received:
A. Department of Education:
1. Historically black colleges and universities 24 74 25
B. National Credit Union Administration:
1. Central liquidity facility 1 ....... .......
C. Department of Agriculture:
1. Rural Utilities Service 3,400 5,533 703
D. Postal Service:
1. Postal Service fund 74,000 ....... .......
E. Department of Veterans Affairs:
1. Transitional housing for homeless veterans ....... ....... .......



Total Agency or Guaranteed Principal Received 77,425 5,607 727
Principal Repaid to the Fiscal Service:
A. Department of Education:
1. Historically black colleges and universities 5 17 5
B. National Credit Union Administration:
1. Central Liquidity Facility 1 ... ...
C. Department of Agriculture:
1. Rural Utilities Service 855 2,078 47
D. Postal Service:
1. Postal Service fund 74,000 ...... ......
E. Department of Veterans Affairs:
1. Transitional housing for homeless veterans ...... ...... ......



Total Agency or Guaranteed Principal Repaid 74,861 2,095 51
Agency or guaranteed principal received in excess of principal repaid to the Fiscal Service
A. Department of Education:
1. Historically black colleges and universities 19 56 20
B. National Credit Union Administration:
1. Central Liquidity Facility ...... ...... ......
C. Department of Agriculture:
1. Rural Utilities Service 2,545 3,455 656
D. Postal Service:
1. Postal Service fund ...... ...... .....
E. Department of Veterans Affairs:
1. Transitional housing for homeless veterans ...... ...... ......



Total Agency or guaranteed principal received in excess of principal repaid to the Fiscal Service 2,564 3,512 676

Object Classification (in millions of dollars)


Identification code 020–4521–0–4–803 2019 actual 2020 est. 2021 est.

Reimbursable obligations:
25.2 Other services from non-Federal sources 12 13 13
43.0 Interest and dividends 2,135 2,102 2,120



99.9 Total new obligations, unexpired accounts 2,147 2,115 2,133

Alcohol and Tobacco Tax and Trade Bureau

Federal Funds

salaries and expenses

For necessary expenses of carrying out section 1111 of the Homeland Security Act of 2002, including hire of passenger motor vehicles, $125,837,000; of which $5,000,000 shall remain available until September 30, 2022; of which not to exceed $6,000 for official reception and representation expenses; and of which not to exceed $50,000 shall be available for cooperative research and development programs for laboratory services; and provision of laboratory assistance to State and local agencies with or without reimbursement.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–1008–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Protect the Public 62 62 66
0002 Collect revenue 59 59 60



0192 Total direct program 121 121 126



0799 Total direct obligations 121 121 126
0801 Protect the Public 3 3 3
0802 Collect Revenue 3 4 4



0899 Total reimbursable obligations 6 7 7



0900 Total new obligations, unexpired accounts 127 128 133

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 5 5 4
Budget authority:
Appropriations, discretionary:
1100 Appropriation 120 120 126
Spending authority from offsetting collections, discretionary:
1700 Collected 5 7 7
1701 Change in uncollected payments, Federal sources 2



1750 Spending auth from offsetting collections, disc (total) 7 7 7
1900 Budget authority (total) 127 127 133
1930 Total budgetary resources available 132 132 137
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 5 4 4

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 22 28 25
3010 New obligations, unexpired accounts 127 128 133
3011 Obligations ("upward adjustments"), expired accounts 1
3020 Outlays (gross) –121 –131 –131
3041 Recoveries of prior year unpaid obligations, expired –1



3050 Unpaid obligations, end of year 28 25 27
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –3 –2 –2
3070 Change in uncollected pymts, Fed sources, unexpired –2
3071 Change in uncollected pymts, Fed sources, expired 3



3090 Uncollected pymts, Fed sources, end of year –2 –2 –2
Memorandum (non-add) entries:
3100 Obligated balance, start of year 19 26 23
3200 Obligated balance, end of year 26 23 25

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 127 127 133
Outlays, gross:
4010 Outlays from new discretionary authority 96 106 111
4011 Outlays from discretionary balances 25 25 20



4020 Outlays, gross (total) 121 131 131
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –4 –4 –4
4033 Non-Federal sources –3 –3 –3



4040 Offsets against gross budget authority and outlays (total) –7 –7 –7
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –2
4052 Offsetting collections credited to expired accounts 2



4070 Budget authority, net (discretionary) 120 120 126
4080 Outlays, net (discretionary) 114 124 124
4180 Budget authority, net (total) 120 120 126
4190 Outlays, net (total) 114 124 124

The Alcohol and Tobacco Tax and Trade Bureau (TTB) enforces various Federal laws and regulations relating to alcohol and tobacco by working directly and in cooperation with other agencies to: 1) provide the most effective and efficient system for the collection of all revenue that is rightfully due, and eliminate or prevent tax evasion and other criminal conduct, 2) prevent consumer deception relating to alcohol beverages, ensure that regulated alcohol and tobacco products comply with various Federal commodity, product integrity, and distribution requirements, and 3) provide high quality customer service while imposing the least regulatory burden. Additionally, the Administration proposes legislation to transfer primary jurisdiction over federal tobacco and alcohol anti-smuggling laws from the Department of Justice and the Bureau of Alcohol, Tobacco, Firearms and Explosives to the Department of the Treasury and TTB. Under the proposal, TTB would be responsible for the administration and enforcement of the Jenkins Act of 1949 (as amended by the Prevent All Cigarette Trafficking Act of 2009), 15 U.S.C. Chapter 10A, the Contraband Cigarette Trafficking Act of 1978, 18 U.S.C. Chapter 114, and the criminal statutes involving Liquor Trafficking, 18 U.S.C. Chapter 59. The Budget request for TTB includes an initial investment for start-up costs to initiate this transfer.

Object Classification (in millions of dollars)


Identification code 020–1008–0–1–803 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 51 55 57
11.5 Other personnel compensation 2 2 2



11.9 Total personnel compensation 53 57 59
12.1 Civilian personnel benefits 17 20 21
21.0 Travel and transportation of persons 2 2 2
23.1 Rental payments to GSA 4 4 4
23.3 Communications, utilities, and miscellaneous charges 1 1 1
25.1 Advisory and assistance services 15 12 12
25.2 Other services from non-Federal sources 14 12 13
25.3 Other goods and services from Federal sources 9 9 9
25.7 Operation and maintenance of equipment 3 2 2
26.0 Supplies and materials 1
31.0 Equipment 3 2 2



99.0 Direct obligations 121 121 126
99.0 Reimbursable obligations 6 7 7



99.9 Total new obligations, unexpired accounts 127 128 133

Employment Summary


Identification code 020–1008–0–1–803 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 485 502 508
2001 Reimbursable civilian full-time equivalent employment 10 10 10

Internal Revenue Collections for Puerto Rico

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5737–0–2–806 2019 actual 2020 est. 2021 est.

0100 Balance, start of year
Receipts:
Current law:
1110 Deposits, Internal Revenue Collections for Puerto Rico 445 453 459



2000 Total: Balances and receipts 445 453 459
Appropriations:
Current law:
2101 Internal Revenue Collections for Puerto Rico –445 –453 –459



5099 Balance, end of year

Program and Financing (in millions of dollars)


Identification code 020–5737–0–2–806 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Internal revenue collections for Puerto Rico 445 453 459



0900 Total new obligations, unexpired accounts (object class 41.0) 445 453 459

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 445 453 459
1930 Total budgetary resources available 445 453 459

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 445 453 459
3020 Outlays (gross) –445 –453 –459

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 445 453 459
Outlays, gross:
4100 Outlays from new mandatory authority 445 453 459
4180 Budget authority, net (total) 445 453 459
4190 Outlays, net (total) 445 453 459

Excise taxes collected under the Internal Revenue laws of the United States on articles produced in Puerto Rico and transported to the United States are covered-over (paid) to Puerto Rico. (26 U.S.C. 7652(a)). Excise taxes collected on articles produced in the U.S. Virgin Islands and transported to the United States are covered-over to the U.S. Virgin Islands. (26 U.S.C. 7652(b)). Excise taxes collected on rum imported from everywhere other than Puerto Rico or the U.S. Virgin Islands are also covered-over to the treasuries of Puerto Rico and the U.S. Virgin Islands under a formula determined by the Alcohol and Tobacco Tax and Trade Bureau. (26 U.S.C. 7652(e)).

Excise taxes are imposed on rum at the applicable distilled spirits rate. (26 U.S.C. 5001(a)(1) and (c)(1)). Excise tax collections on imported rum are covered-over to Puerto Rico and the U.S. Virgin Islands at the lesser of the rate of $10.50 ($13.25 in the case of distilled spirits brought into the United States after June 30, 1999, and before January 1, 2022 ), or the tax imposed under section 5001(a)(1) (determined as if subsection (c)(1) of such section did not apply), on each proof gallon. (26 U.S.C. 7652(f)). After December 31, 2017, and before January 1, 2021 , the cover-over payment associated with any particular proof gallon of rum may exceed the taxes collected on such proof gallon, depending on the applicable distilled spirits rate.

Bureau of Engraving and Printing

Federal Funds

Bureau of Engraving and Printing Fund

Program and Financing (in millions of dollars)


Identification code 020–4502–0–4–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0801 Currency program 947 811 878
0803 Other programs 8 9 9



0900 Total new obligations, unexpired accounts 955 820 887

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 518 575 588
1021 Recoveries of prior year unpaid obligations 132 13 14



1050 Unobligated balance (total) 650 588 602
Budget authority:
Spending authority from offsetting collections, discretionary:
1700 Collected 809 820 887
1701 Change in uncollected payments, Federal sources 71



1750 Spending auth from offsetting collections, disc (total) 880 820 887
1930 Total budgetary resources available 1,530 1,408 1,489
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 575 588 602

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 444 513 565
3010 New obligations, unexpired accounts 955 820 887
3020 Outlays (gross) –754 –755 –887
3040 Recoveries of prior year unpaid obligations, unexpired –132 –13 –14



3050 Unpaid obligations, end of year 513 565 551
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –769 –840 –840
3070 Change in uncollected pymts, Fed sources, unexpired –71



3090 Uncollected pymts, Fed sources, end of year –840 –840 –840
Memorandum (non-add) entries:
3100 Obligated balance, start of year –325 –327 –275
3200 Obligated balance, end of year –327 –275 –289

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 880 820 887
Outlays, gross:
4010 Outlays from new discretionary authority 121 205 222
4011 Outlays from discretionary balances 633 550 665



4020 Outlays, gross (total) 754 755 887
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources: –71
4033 Non-Federal sources –809 –749 –887



4040 Offsets against gross budget authority and outlays (total) –809 –820 –887
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –71
4080 Outlays, net (discretionary) –55 –65
4180 Budget authority, net (total)
4190 Outlays, net (total) –55 –65

The Bureau of Engraving and Printing (BEP) produces and delivers U.S. currency notes for the Federal Reserve System ordered by the Board of Governors of the Federal Reserve and other security products for the Federal Government. BEP began printing currency in 1862 and operates on the basis of authority conferred upon the Secretary of the Treasury by 31 U.S.C. 321(a) (4) to engrave and print currency and other security documents. Operations are financed through a revolving fund established in 1950 in accordance with Public Law 81–656. The fund is reimbursed for direct and indirect costs of operations, including administrative expenses, through product sales. In 1977, Public Law 95–81 authorized BEP to include an amount sufficient to fund capital investment and to meet working capital requirements in the prices charged for products, eliminating the need for appropriations from Congress. In 2019, Public Law 116–6 authorized the use of the revolving fund for acquisition of necessary land for, and construction of, a replacement currency production facility.

The Bureau has three strategic goals: to safely and timely deliver quality products to stakeholders in a cost-effective and environmentally responsible manner; to create innovative designs, processes, and products that exceed stakeholders' expectations and to achieve overall excellence by balanced investment in people, processes, facilities, and technology. Other activities at BEP include engraving plates and dies; manufacturing inks used to print security products; purchasing materials, supplies, equipment; and storing and delivering products in accordance with customer requirements. In addition, BEP provides technical assistance, advice, and production services to other Federal agencies in the development of security documents that require counterfeit deterrent features due to their innate value or other characteristics. BEP supports the Treasury goals to Boost U.S. Economic Growth and Achieve Operational Excellence.

BEP's 2021 priorities include: (1) constructing a more efficient production facility to replace the current aging Washington, D.C. facility; (2) expanding the Western Currency Facility to house the new equipment required for the next generation of currency design; (3) conducting research and development, and collaborating with key stakeholders in order to deter counterfeiting and maintain public trust in the security and reliability of U.S. currency notes; (4) retooling manufacturing processes with state-of-the-art intaglio printing presses, electronic inspection systems, and finishing equipment; (5) continuing efforts to implement designated talent management initiatives while filling personnel gaps in needed STEM and cybersecurity skill sets. During 2021, BEP expects to produce and deliver 6.8 billion notes to the FRB to meet currency demand.

Object Classification (in millions of dollars)


Identification code 020–4502–0–4–803 2019 actual 2020 est. 2021 est.

Reimbursable obligations:
Personnel compensation:
11.1 Full-time permanent 180 177 183
11.5 Other personnel compensation 41 16 13



11.9 Total personnel compensation 221 193 196
12.1 Civilian personnel benefits 67 65 73
21.0 Travel and transportation of persons 2 2 2
22.0 Transportation of things 1 1 1
23.1 Rental payments to GSA 4 4 4
23.2 Rental payments to others 1 1
23.3 Communications, utilities, and miscellaneous charges 15 16 16
25.1 Advisory and assistance services 20 8 7
25.2 Other services from non-Federal sources 106 117 113
25.3 Other goods and services from Federal sources 26
25.4 Operation and maintenance of facilities 149 28 28
25.5 Research and development contracts 34 50 50
25.7 Operation and maintenance of equipment 17 16
26.0 Supplies and materials 218 194 248
31.0 Equipment 93 124 132



99.0 Reimbursable obligations 956 820 887
99.5 Adjustment for rounding –1



99.9 Total new obligations, unexpired accounts 955 820 887

Employment Summary


Identification code 020–4502–0–4–803 2019 actual 2020 est. 2021 est.

2001 Reimbursable civilian full-time equivalent employment 1,727 1,804 1,863

United States Mint

Federal Funds

united states mint public enterprise fund

Pursuant to section 5136 of title 31, United States Code, the United States Mint is provided funding through the United States Mint Public Enterprise Fund for costs associated with the production of circulating coins, numismatic coins, and protective services, including both operating expenses and capital investments: Provided, That the aggregate amount of new liabilities and obligations incurred during fiscal year 2021 under such section 5136 for circulating coinage and protective service capital investments of the United States Mint shall not exceed $50,000,000.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–4159–0–3–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0806 Total Operating 1,517 2,497 2,486
0807 Circulating and Protection Capital 28 30 50
0808 Numismatic Capital 10 11 11



0900 Total new obligations, unexpired accounts 1,555 2,538 2,547

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 723 468 488
1021 Recoveries of prior year unpaid obligations 8 20 20



1050 Unobligated balance (total) 731 488 508
Budget authority:
Spending authority from offsetting collections, discretionary:
1700 Collected 1,292 2,538 2,547
1930 Total budgetary resources available 2,023 3,026 3,055
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 468 488 508

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 398 411 547
3010 New obligations, unexpired accounts 1,555 2,538 2,547
3020 Outlays (gross) –1,534 –2,382 –2,546
3040 Recoveries of prior year unpaid obligations, unexpired –8 –20 –20



3050 Unpaid obligations, end of year 411 547 528
Memorandum (non-add) entries:
3100 Obligated balance, start of year 398 411 547
3200 Obligated balance, end of year 411 547 528

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 1,292 2,538 2,547
Outlays, gross:
4010 Outlays from new discretionary authority 1,102 2,030 2,038
4011 Outlays from discretionary balances 432 352 508



4020 Outlays, gross (total) 1,534 2,382 2,546
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033 Non-Federal sources –1,292 –2,538 –2,547



4040 Offsets against gross budget authority and outlays (total) –1,292 –2,538 –2,547
4180 Budget authority, net (total)
4190 Outlays, net (total) 242 –156 –1

The United States Mint mints and issues circulating coins, produces and distributes numismatic items, and provides security and asset protection. Since 1996, the Mint's operations have been funded through the Public Enterprise Fund (PEF) established by section 522 of Public Law 104–52 (31 U.S.C. 5136). The operations of the Mint are divided into two major components, circulating coinage and numismatic products. Finances for the two components are accounted for separately; Receipts from circulating coinage operations are not used to fund numismatic operations and receipts from numismatic operations are not used to fund circulating coinage operations. The Mint generates revenue through the issuance of circulating coins to the Federal Reserve Banks (FRBs) and the sale of numismatic products to the public and bullion coins to authorized purchasers. The Mint submits annual audited financial statements to the Secretary of the Treasury and to the Congress in support of the operations of the PEF. In 2019, the Mint transferred $540 million to the General Fund.

Circulating Coinage. This activity funds the minting and issuance of circulating coins to the FRBs in amounts that the Secretary of the Treasury determines are necessary to meet the needs of the United States. The 2021 Budget reflects production volumes that correspond to expected demand and raw materials costs, which are driven by commodity prices and volumes. The Mint receives funds from the Federal Reserve equal to the face value of the circulating coins shipped to the FRB. The Mint is credited with the full cost of producing and distributing the coins that are put into circulation, including the depreciation of manufacturing facilities and equipment. The difference between the face value of the coins and the full cost of producing the coins is called seigniorage, which is a means of financing the deficit and transferred periodically to the General Fund. The annual appropriations bill includes a statutory cap on Mint expenditures on circulating and protection capital investments. The cap for 2021 is $50 million.

Numismatic Items. This activity funds the manufacturing of numismatic items, which include collectible coins and sets, medals, bullion coins, and other products for sale to collectors and other members of the public who desire high-quality or investment-grade versions of the Nation's coinage. These products include annual proof and uncirculated sets; investment-grade silver and gold bullion coins; uncirculated silver and gold coins; proof silver, gold, platinum and palladium coins; and commemorative coins and medals that are authorized to commemorate events, individuals, places, or other subjects. Prices for numismatic products are based on the estimated product cost plus a reasonable margin to assure that the numismatic program operates at no net cost to the taxpayer. Similarly, bullion coins are priced based on the market price of the precious metals plus a premium to cover manufacturing, marketing, and distribution costs. Making numismatic products accessible, available, and affordable to Americans who choose to purchase them is the highest priority of the Mint's numismatic operations.

Object Classification (in millions of dollars)


Identification code 020–4159–0–3–803 2019 actual 2020 est. 2021 est.

Reimbursable obligations:
Personnel compensation:
11.1 Full-time permanent 130 145 152
11.5 Other personnel compensation 13 12 12



11.9 Total personnel compensation 143 157 164
12.1 Civilian personnel benefits 50 52 56
13.0 Benefits for former personnel 1 1
21.0 Travel and transportation of persons 2 3 3
22.0 Transportation of things 28 22 21
23.2 Rental payments to others 11 3 3
23.3 Communications, utilities, and miscellaneous charges 17 19 19
24.0 Printing and reproduction 2 3 3
25.1 Advisory and assistance services 64 61 55
25.2 Other services from non-Federal sources 23 40 25
25.3 Other goods and services from Federal sources 19 21 21
25.4 Operation and maintenance of facilities 8 4 4
25.5 Research and development contracts 1 1
25.6 Medical care 1 1 1
25.7 Operation and maintenance of equipment 9 7 7
26.0 Supplies and materials 1,138 2,100 2,100
31.0 Equipment 29 32 52
32.0 Land and structures 11 12 12



99.0 Reimbursable obligations 1,555 2,539 2,548
99.5 Adjustment for rounding –1 –1



99.9 Total new obligations, unexpired accounts 1,555 2,538 2,547

Employment Summary


Identification code 020–4159–0–3–803 2019 actual 2020 est. 2021 est.

2001 Reimbursable civilian full-time equivalent employment 1,536 1,671 1,705

Internal Revenue Service

The Internal Revenue Service (IRS) collects the revenue that funds the Government and administers the Nation's tax laws. During 2019, the IRS processed 255 million tax forms and collected $3.6 trillion in taxes (gross receipts before tax refunds), totaling 95 percent of Federal Government receipts. The IRS taxpayer service program assists millions of taxpayers in understanding and meeting their tax obligations. The IRS tax enforcement and compliance program deters taxpayers inclined to evade their responsibilities while pursuing those who violate tax laws.

The 2021 Budget provides $12 billion for the IRS to administer the tax code and implement key strategic priorities. In addition, the Budget proposes to establish and fund a new adjustment to the discretionary caps for program integrity activities starting in 2021, including a $400 million cap adjustment in 2021. The activities through 2030 are estimated to generate $79 billion in additional revenue over 10 years and cost approximately $15 billion resulting in an estimated net savings of $64 billion. Once these investments are fully operational, these initiatives are expected to generate roughly $5 in additional revenue for every $1 in IRS expenses.

Taxpayer Service Account. The Budget includes funding for Taxpayer Services that will allow the IRS to continue delivering services to taxpayers using a variety of in-person, telephone, and web-based methods. These tools help taxpayers understand their obligations, correctly file their returns, and pay taxes due in a timely manner with as little burden as possible. Labor costs account for approximately 90 percent of the Taxpayer Services appropriation. In fiscal year 2019, the IRS processed more than 155 million individual tax returns and issued more than 109 million federal tax refunds totaling more than $300 billion. The IRS served 1.3 million taxpayers with more than 798,000 face-to-face assistor contacts and more than 483,000 phone-based resolutions for taxpayers who originally called for an appointment. The toll-free tax law and accounts accuracy remained high and customer satisfaction exceeded 90 percent. Overall, IRS.gov showed slight growth in 2019 compared to 2018, attributable to an increase in mobile device usage.

Enforcement Account. The Enforcement account funds activities that protect revenue by identifying fraud and preventing issuance of questionable refunds including those related to identity theft; increase compliance by addressing offshore tax evasion; strengthen examination and collection programs, including return preparer; and address compliance issues in the tax-exempt sector. Labor costs account for approximately 92 percent of the Enforcement appropriation. During 2019, the IRS achieved 1,735 criminal convictions with a conviction rate of 91.2 percent. The Questionable Refund Program achieved 167 convictions with a 91.8 percent conviction rate. The Return Preparer Program achieved 147 convictions with a 94.8 percent conviction rate.

Operations Support Account. The Budget includes funding for the overall planning, direction, operations and critical infrastructure activities, including the IT and cybersecurity that keep tax systems running and protect taxpayer data, the financial management activities that ensure effective stewardship of the Nation's revenues, and the physical infrastructure of IRS facilities. For example, in 2019, the IRS reduced the percentage of aged hardware within the IT environment from 45.5 percent at the end of 2018 to 31 percent through refreshing employee workstations, upgrading aged server operating systems and related aged hardware, and phasing out old equipment.

Business Systems Modernization Account. IRS modernization efforts focus on building and deploying advanced information technology systems, processes, and tools to improve efficiency and enhance productivity. Modernizing is necessary to maintain the integrity of the Nation's voluntary tax system and collect trillions of dollars in tax revenue. With improved online services, ertaxpayers will be able to receive notifications, check their account balance, set up payment plans, and connect with an IRS representative through a single, online session. Other projects will help the IRS manage its caseload, increase productivity of its workforce, and ensure the security of taxpayer information.

Federal Funds

taxpayer services

For necessary expenses of the Internal Revenue Service to provide taxpayer services, including pre-filing assistance and education, filing and account services, taxpayer advocacy services, and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $2,562,554,000, of which not less than $11,000,000 shall be for the Tax Counseling for the Elderly Program, of which not less than $12,000,000 shall be available for low-income taxpayer clinic grants, of which not less than $25,000,000, to remain available until September 30, 2022, shall be available for the Community Volunteer Income Tax Assistance Matching Grants Program for tax return preparation assistance, and of which not less than $209,000,000 shall be available for operating expenses of the Taxpayer Advocate Service: Provided, That of the amounts made available for the Taxpayer Advocate Service, not less than $5,500,000 shall be for identity theft and refund fraud casework.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–0912–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Pre-filing taxpayer assistance and education 616 657 667
0002 Filing and account services 1,962 1,883 1,996



0100 Subtotal, direct programs 2,578 2,540 2,663



0799 Total direct obligations 2,578 2,540 2,663
0801 Taxpayer Services (Reimbursable) 38 66 69



0900 Total new obligations, unexpired accounts 2,616 2,606 2,732

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 18
1010 Unobligated balance transfer to other accts [020–0913] –1
1011 Unobligated balance transfer from other acct [020–5432] 6 4 100
1012 Unobligated balance transfers between expired and unexpired accounts 1



1050 Unobligated balance (total) 24 4 100
Budget authority:
Appropriations, discretionary:
1100 Appropriation 2,557 2,512 2,563
1121 Appropriations transferred from other acct [020–0913] 24



1160 Appropriation, discretionary (total) 2,557 2,536 2,563
Spending authority from offsetting collections, discretionary:
1700 Collected 38 66 69
1900 Budget authority (total) 2,595 2,602 2,632
1930 Total budgetary resources available 2,619 2,606 2,732
Memorandum (non-add) entries:
1940 Unobligated balance expiring –3

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 194 200 207
3010 New obligations, unexpired accounts 2,616 2,606 2,732
3011 Obligations ("upward adjustments"), expired accounts 35
3020 Outlays (gross) –2,633 –2,591 –2,716
3041 Recoveries of prior year unpaid obligations, expired –12 –8 –9



3050 Unpaid obligations, end of year 200 207 214
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –9
3071 Change in uncollected pymts, Fed sources, expired 9
Memorandum (non-add) entries:
3100 Obligated balance, start of year 185 200 207
3200 Obligated balance, end of year 200 207 214

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 2,595 2,602 2,632
Outlays, gross:
4010 Outlays from new discretionary authority 2,410 2,412 2,440
4011 Outlays from discretionary balances 223 179 276



4020 Outlays, gross (total) 2,633 2,591 2,716
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –54 –74 –77
4033 Non-Federal sources –26 –15 –15



4040 Offsets against gross budget authority and outlays (total) –80 –89 –92
Additional offsets against gross budget authority only:
4052 Offsetting collections credited to expired accounts 42 23 23



4060 Additional offsets against budget authority only (total) 42 23 23



4070 Budget authority, net (discretionary) 2,557 2,536 2,563
4080 Outlays, net (discretionary) 2,553 2,502 2,624
4180 Budget authority, net (total) 2,557 2,536 2,563
4190 Outlays, net (total) 2,553 2,502 2,624

This appropriation primarily funds staffing for the processing of tax returns and related documents, and assistance for taxpayers in filing returns and paying taxes in a timely manner. It also supports a number of other activities, including forms, publications, and taxpayer advocacy services.

Object Classification (in millions of dollars)


Identification code 020–0912–0–1–803 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 1,572 1,552 1,613
11.3 Other than full-time permanent 52 52 54
11.5 Other personnel compensation 130 55 71



11.9 Total personnel compensation 1,754 1,659 1,738
12.1 Civilian personnel benefits 621 644 683
13.0 Benefits for former personnel 29 34 34
21.0 Travel and transportation of persons 12 14 14
22.0 Transportation of things 1 1 1
23.3 Communications, utilities, and miscellaneous charges 2 1 2
24.0 Printing and reproduction 9 10 10
25.1 Advisory and assistance services 35 41 42
25.2 Other services from non-Federal sources 12 23 23
25.3 Other goods and services from Federal sources 59 58 60
26.0 Supplies and materials 4 6 7
41.0 Grants, subsidies, and contributions 40 48 48
42.0 Insurance claims and indemnities 1 1



99.0 Direct obligations 2,578 2,540 2,663
99.0 Reimbursable obligations 38 66 69



99.9 Total new obligations, unexpired accounts 2,616 2,606 2,732

Employment Summary


Identification code 020–0912–0–1–803 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 28,765 26,760 25,678
1001 Direct civilian full-time equivalent employment 96 60 1,510
2001 Reimbursable civilian full-time equivalent employment 507 862 905

enforcement

For necessary expenses for tax enforcement activities of the Internal Revenue Service to determine and collect owed taxes, to provide legal and litigation support, to conduct criminal investigations, to enforce criminal statutes related to violations of internal revenue laws and other financial crimes, to purchase and hire passenger motor vehicles (31 U.S.C. 1343(b)), and to provide other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $5,071,260,000, of which not to exceed $250,000,000 shall remain available until September 30, 2022; of which not less than $60,257,000 shall be for the Interagency Crime and Drug Enforcement program; and of which not to exceed $15,000,000 shall be for investigative technology for the Criminal Investigation Division: Provided, That the amount made available for investigative technology for the Criminal Investigation Division shall be in addition to amounts made available for the Criminal Investigation Division under the "Operations Support" heading: Provided further, That of the funds provided under this paragraph, $5,071,260,000 is provided to meet the terms of section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.

In addition, not less than $279,983,000 for tax activities under this heading, including tax compliance to address the Federal tax gap: Provided, That such amount is additional new budget authority for tax activities, including tax compliance to address the Federal tax gap, as specified for purposes of section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–0913–0–1–999 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Investigations 609 694 683
0002 Exam and Collections 3,845 4,130 4,262
0003 Regulatory 165 163 170
0004 Program Integrity Cap Adjustment 280



0100 Subtotal, Direct program 4,619 4,987 5,395



0799 Total direct obligations 4,619 4,987 5,395
0801 Enforcement (Reimbursable) 28 40 42



0900 Total new obligations, unexpired accounts 4,647 5,027 5,437

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 14 52 8
1011 Unobligated balance transfer from other acct [020–0912] 1
1012 Unobligated balance transfers between expired and unexpired accounts 4
1021 Recoveries of prior year unpaid obligations 2
1033 Recoveries of prior year paid obligations 3 3 3



1050 Unobligated balance (total) 24 55 11
Budget authority:
Appropriations, discretionary:
1100 Appropriation 4,872 5,010 5,351
1120 Appropriations transferred to other acct [020–0919] –194 –77
1120 Appropriations transferred to other acct [020–0912] –24



1160 Appropriation, discretionary (total) 4,678 4,909 5,351
Spending authority from offsetting collections, discretionary:
1700 Collected 19 35 37
1701 Change in uncollected payments, Federal sources 19 36 38



1750 Spending auth from offsetting collections, disc (total) 38 71 75
1900 Budget authority (total) 4,716 4,980 5,426
1930 Total budgetary resources available 4,740 5,035 5,437
Memorandum (non-add) entries:
1940 Unobligated balance expiring –41
1941 Unexpired unobligated balance, end of year 52 8

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 383 417 459
3010 New obligations, unexpired accounts 4,647 5,027 5,437
3011 Obligations ("upward adjustments"), expired accounts 31
3020 Outlays (gross) –4,625 –4,970 –5,379
3040 Recoveries of prior year unpaid obligations, unexpired –2
3041 Recoveries of prior year unpaid obligations, expired –17 –15 –15



3050 Unpaid obligations, end of year 417 459 502
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –36 –21 –57
3070 Change in uncollected pymts, Fed sources, unexpired –19 –36 –38
3071 Change in uncollected pymts, Fed sources, expired 34



3090 Uncollected pymts, Fed sources, end of year –21 –57 –95
Memorandum (non-add) entries:
3100 Obligated balance, start of year 347 396 402
3200 Obligated balance, end of year 396 402 407

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 4,716 4,980 5,426
Outlays, gross:
4010 Outlays from new discretionary authority 4,267 4,595 5,007
4011 Outlays from discretionary balances 357 374 371



4020 Outlays, gross (total) 4,624 4,969 5,378
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –65 –65 –66
4033 Non-Federal sources –23 –20 –20



4040 Offsets against gross budget authority and outlays (total) –88 –85 –86
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –19 –36 –38
4052 Offsetting collections credited to expired accounts 66 47 46
4053 Recoveries of prior year paid obligations, unexpired accounts 3 3 3



4060 Additional offsets against budget authority only (total) 50 14 11



4070 Budget authority, net (discretionary) 4,678 4,909 5,351
4080 Outlays, net (discretionary) 4,536 4,884 5,292
Mandatory:
Outlays, gross:
4101 Outlays from mandatory balances 1 1 1
4180 Budget authority, net (total) 4,678 4,909 5,351
4190 Outlays, net (total) 4,537 4,885 5,293

This appropriation primarily funds staffing for: the examination of tax returns, both domestic and international; the administrative and judicial settlement of taxpayer appeals of examination findings; technical rulings; monitoring employee pension plans; determining qualifications of organizations seeking tax-exempt status; examining the tax returns of exempt organizations; enforcing statutes relating to detection and investigation of criminal violations of the internal revenue laws and other financial crimes; identifying underreporting of tax obligations; securing unfiled tax returns; and collecting unpaid accounts. In addition to the base resources, the Budget proposes $280 million in a cap adjustment for additional tax enforcement and compliance activities.

Object Classification (in millions of dollars)


Identification code 020–0913–0–1–999 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 2,978 3,130 3,357
11.3 Other than full-time permanent 29 33 34
11.5 Other personnel compensation 122 111 140
11.8 Special personal services payments 29 22 23



11.9 Total personnel compensation 3,158 3,296 3,554
12.1 Civilian personnel benefits 1,136 1,255 1,377
13.0 Benefits for former personnel 1 1
21.0 Travel and transportation of persons 66 100 127
22.0 Transportation of things 9 9 13
23.3 Communications, utilities, and miscellaneous charges 3 2 2
24.0 Printing and reproduction 2 3 3
25.1 Advisory and assistance services 135 157 152
25.2 Other services from non-Federal sources 32 51 54
25.3 Other goods and services from Federal sources 35 38 47
25.7 Operation and maintenance of equipment 1 2 5
26.0 Supplies and materials 20 36 36
31.0 Equipment 13 24 14
42.0 Insurance claims and indemnities 1 1 1
91.0 Unvouchered 8 12 9



99.0 Direct obligations 4,619 4,987 5,395
99.0 Reimbursable obligations 28 40 42



99.9 Total new obligations, unexpired accounts 4,647 5,027 5,437

Employment Summary


Identification code 020–0913–0–1–999 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 33,484 35,388 37,895
2001 Reimbursable civilian full-time equivalent employment 45 62 65

operations support

For necessary expenses of the Internal Revenue Service to support taxpayer services and enforcement programs, including rent payments; facilities services; printing; postage; physical security; headquarters and other IRS-wide administration activities; research and statistics of income; telecommunications; information technology development, enhancement, operations, maintenance, and security; the hire of passenger motor vehicles (31 U.S.C. 1343(b)); the operations of the Internal Revenue Service Oversight Board; and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner; $4,104,689,000, of which not to exceed $250,000,000 shall remain available until September 30, 2022; of which not to exceed $10,000,000 shall remain available until expended for acquisition of equipment and construction, repair and renovation of facilities; of which not to exceed $1,000,000 shall remain available until September 30, 2023, for research; and of which not to exceed $20,000 shall be for official reception and representation expenses: Provided, That not later than 30 days after the end of each quarter, the Internal Revenue Service shall submit a report to the Committees on Appropriations of the House of Representatives and the Senate and the Comptroller General of the United States detailing major information technology investments in the Internal Revenue Service Integrated Modernization Business Plan portfolio, including detailed, plain language summaries on the status of plans, costs, and results; prior results and actual expenditures of the prior quarter; upcoming deliverables and costs for the fiscal year; risks and mitigation strategies associated with ongoing work; reasons for any cost or schedule variances; and total expenditures by fiscal year: Provided further, That the Internal Revenue Service shall include, in its budget justification for fiscal year 2022, a summary of cost and schedule performance information for its major information technology systems: Provided further, That of the funds provided under this paragraph, $4,104,689,000 is provided to meet the terms of section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.

In addition, not less than $120,017,000 shall be for tax activities under this heading, including tax compliance to address the Federal tax gap: Provided, That such amount is additional new budget authority for tax activities, including tax compliance to address the Federal tax gap, as specified for purposes of section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–0919–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0002 Infrastructure 897 879 899
0003 Shared Services and Support 911 983 1,064
0004 Information Services 2,476 2,456 2,611
0005 Program Integrity Cap Adjustment 120



0100 Subtotal, direct programs 4,284 4,318 4,694



0799 Total direct obligations 4,284 4,318 4,694
0801 Operations Support (Reimbursable) 58 65 68



0900 Total new obligations, unexpired accounts 4,342 4,383 4,762

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 193 58 58
1011 Unobligated balance transfer from other acct [020–5432] 218 410 63
1012 Unobligated balance transfers between expired and unexpired accounts 6
1021 Recoveries of prior year unpaid obligations 9 9 9



1050 Unobligated balance (total) 426 477 130
Budget authority:
Appropriations, discretionary:
1100 Appropriation 3,724 3,808 4,225
1121 Appropriations transferred from other acct [020–5432] 14 387
1121 Appropriations transferred from other acct [020–0913] 194 77



1160 Appropriation, discretionary (total) 3,918 3,899 4,612
Spending authority from offsetting collections, discretionary:
1700 Collected 53 65 68
1701 Change in uncollected payments, Federal sources 5



1750 Spending auth from offsetting collections, disc (total) 58 65 68
1900 Budget authority (total) 3,976 3,964 4,680
1930 Total budgetary resources available 4,402 4,441 4,810
Memorandum (non-add) entries:
1940 Unobligated balance expiring –2
1941 Unexpired unobligated balance, end of year 58 58 48

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1,231 1,161 1,208
3010 New obligations, unexpired accounts 4,342 4,383 4,762
3011 Obligations ("upward adjustments"), expired accounts 20
3020 Outlays (gross) –4,367 –4,279 –4,489
3040 Recoveries of prior year unpaid obligations, unexpired –9 –9 –9
3041 Recoveries of prior year unpaid obligations, expired –56 –48 –48



3050 Unpaid obligations, end of year 1,161 1,208 1,424
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –9 –5 –5
3070 Change in uncollected pymts, Fed sources, unexpired –5
3071 Change in uncollected pymts, Fed sources, expired 9



3090 Uncollected pymts, Fed sources, end of year –5 –5 –5
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1,222 1,156 1,203
3200 Obligated balance, end of year 1,156 1,203 1,419

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 3,976 3,964 4,680
Outlays, gross:
4010 Outlays from new discretionary authority 3,136 3,143 3,548
4011 Outlays from discretionary balances 1,231 1,136 941



4020 Outlays, gross (total) 4,367 4,279 4,489
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –63 –67 –70
4033 Non-Federal sources –13 –9 –9



4040 Offsets against gross budget authority and outlays (total) –76 –76 –79
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –5
4052 Offsetting collections credited to expired accounts 23 11 11



4060 Additional offsets against budget authority only (total) 18 11 11



4070 Budget authority, net (discretionary) 3,918 3,899 4,612
4080 Outlays, net (discretionary) 4,291 4,203 4,410
4180 Budget authority, net (total) 3,918 3,899 4,612
4190 Outlays, net (total) 4,291 4,203 4,410

This appropriation provides resources for overall planning, direction, operations, and critical infrastructure activities for the IRS. These activities include IT and cybersecurity that keep tax systems running and protect taxpayer data, the financial management activities that ensure effective stewardship of the nation's revenues, and the physical infrastructure that help IRS employees serve customers in office, campus, and Taxpayer Assistance Center sites. Telecommunications, human resource, and communications infrastructure are also critical components of this appropriation and are vital to maintaining adequate levels of customer service and the post-filing processes necessary for the tax system to function. In addition to the base resources, the Budget proposes $120 million in a cap adjustment to support additional tax enforcement and compliance activities.

Object Classification (in millions of dollars)


Identification code 020–0919–0–1–803 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 1,143 1,327 1,396
11.3 Other than full-time permanent 6 6 6
11.5 Other personnel compensation 20 20 30



11.9 Total personnel compensation 1,169 1,353 1,432
12.1 Civilian personnel benefits 381 443 476
21.0 Travel and transportation of persons 16 17 19
22.0 Transportation of things 13 14 15
23.1 Rental payments to GSA 582 580 592
23.2 Rental payments to others 11 11 12
23.3 Communications, utilities, and miscellaneous charges 319 329 365
24.0 Printing and reproduction 18 19 20
25.1 Advisory and assistance services 978 866 981
25.2 Other services from non-Federal sources 31 30 41
25.3 Other goods and services from Federal sources 73 71 77
25.4 Operation and maintenance of facilities 189 187 199
25.6 Medical care 14 15 16
25.7 Operation and maintenance of equipment 64 62 67
26.0 Supplies and materials 9 11 12
31.0 Equipment 376 255 307
32.0 Land and structures 41 55 63



99.0 Direct obligations 4,284 4,318 4,694
99.0 Reimbursable obligations 58 65 68



99.9 Total new obligations, unexpired accounts 4,342 4,383 4,762

Employment Summary


Identification code 020–0919–0–1–803 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 10,749 11,970 12,156
1001 Direct civilian full-time equivalent employment 15 10
2001 Reimbursable civilian full-time equivalent employment 90 54 57

business systems modernization

For necessary expenses of the Internal Revenue Service's business systems modernization program, $300,000,000, to remain available until September 30, 2023, for the capital asset acquisition of information technology systems, including management and related contractual costs of said acquisitions, including related Internal Revenue Service labor costs, and contractual costs associated with operations authorized by 5 U.S.C. 3109: Provided, That not later than 30 days after the end of each quarter, the Internal Revenue Service shall submit a report to the Committees on Appropriations of the House of Representatives and the Senate and the Comptroller General of the United States detailing major information technology investments in the Internal Revenue Service Integrated Modernization Business Plan portfolio, including detailed, plain language summaries on the status of plans, costs, and results; prior results and actual expenditures of the prior quarter; upcoming deliverables and costs for the fiscal year; risks and mitigation strategies associated with ongoing work; reasons for any cost or schedule variances; and total expenditures by fiscal year.

(Department of the Treasury Appropriations Act, 2020.)

Program and Financing (in millions of dollars)


Identification code 020–0921–0–1–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Business Systems Modernization 345 279 276

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 134 30 36
1010 Unobligated balance transfer to other accts [020–5432] –1
1011 Unobligated balance transfer from other acct [020–5432] 102
1021 Recoveries of prior year unpaid obligations 2 3 3



1050 Unobligated balance (total) 135 135 39
Budget authority:
Appropriations, discretionary:
1100 Appropriation 150 180 300
1121 Appropriations transferred from other acct [020–5432] 90



1160 Appropriation, discretionary (total) 240 180 300
1930 Total budgetary resources available 375 315 339
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 30 36 63

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 96 171 217
3010 New obligations, unexpired accounts 345 279 276
3020 Outlays (gross) –265 –228 –258
3040 Recoveries of prior year unpaid obligations, unexpired –2 –3 –3
3041 Recoveries of prior year unpaid obligations, expired –3 –2 –2



3050 Unpaid obligations, end of year 171 217 230
Memorandum (non-add) entries:
3100 Obligated balance, start of year 96 171 217
3200 Obligated balance, end of year 171 217 230

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 240 180 300
Outlays, gross:
4010 Outlays from new discretionary authority 103 99 165
4011 Outlays from discretionary balances 162 129 93



4020 Outlays, gross (total) 265 228 258
4180 Budget authority, net (total) 240 180 300
4190 Outlays, net (total) 265 228 258

This appropriation provides resources for the planning and capital asset acquisition of information technology to modernize key tax administration systems. Since 2012, the IRS has processed individual taxpayer returns on a daily processing cycle that has enhanced IRS tax administration and improved customer service by allowing faster refunds for more taxpayers, more timely account updates, and faster issuance of taxpayer notices. This account provides funding to support: the Customer Account Data Engine (CADE2); the taxpayer's online experience and secure digital communications and capabilities; and fraud detection, resolution, and prevention through the Return Review Program. The Budget includes funding for a multi-year plan to transform the taxpayer experience and modernize the core tax processing systems while enhancing information technology and taxpayer protections.

Object Classification (in millions of dollars)


Identification code 020–0921–0–1–803 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 60 58 66
11.5 Other personnel compensation 1 1 1



11.9 Total personnel compensation 61 59 67
12.1 Civilian personnel benefits 18 17 21
21.0 Travel and transportation of persons 1 1 1
25.1 Advisory and assistance services 251 186 154
25.7 Operation and maintenance of equipment 1 1 2
31.0 Equipment 13 15 31



99.0 Direct obligations 345 279 276



99.9 Total new obligations, unexpired accounts 345 279 276

Employment Summary


Identification code 020–0921–0–1–803 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 460 426 517

Build America Bond Payments, Recovery Act

Program and Financing (in millions of dollars)


Identification code 020–0935–0–1–806 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Build America Bond Payments, Recovery Act (Direct) 3,356 3,356 3,566



0900 Total new obligations, unexpired accounts (object class 41.0) 3,356 3,356 3,566

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 3,578 3,566 3,566
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –222 –210



1260 Appropriations, mandatory (total) 3,356 3,356 3,566
1930 Total budgetary resources available 3,356 3,356 3,566

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 3,356 3,356 3,566
3020 Outlays (gross) –3,356 –3,356 –3,566

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 3,356 3,356 3,566
Outlays, gross:
4100 Outlays from new mandatory authority 3,356 3,356 3,566
4180 Budget authority, net (total) 3,356 3,356 3,566
4190 Outlays, net (total) 3,356 3,356 3,566

The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1531, allows state and local governments to issue Build America Bonds through December 31, 2010. These tax credit bonds, which include Recovery Zone Bonds, differ from tax-exempt governmental obligation bonds in two principal ways: 1) interest paid on tax credit bonds is taxable; and 2) a portion of the interest paid on tax credit bonds takes the form of a Federal tax credit. The bond issuer may elect to receive a direct payment in the amount of the tax credit for obligations issued before January 1, 2011. This account reflects the continuing interest payments over time.

Payment Where Earned Income Credit Exceeds Liability for Tax

Program and Financing (in millions of dollars)


Identification code 020–0906–0–1–609 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment Where Earned Income Credit Exceeds Liability for Tax (Direct) 59,209 60,258 63,651



0900 Total new obligations, unexpired accounts (object class 41.0) 59,209 60,258 63,651

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 59,209 60,258 63,651
1930 Total budgetary resources available 59,209 60,258 63,651

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 59,209 60,258 63,651
3020 Outlays (gross) –59,209 –60,258 –63,651

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 59,209 60,258 63,651
Outlays, gross:
4100 Outlays from new mandatory authority 59,209 60,258 63,651
4180 Budget authority, net (total) 59,209 60,258 63,651
4190 Outlays, net (total) 59,209 60,258 63,651

Summary of Budget Authority and Outlays (in millions of dollars)


2019 actual 2020 est. 2021 est.

Enacted/requested:
Budget Authority 59,209 60,258 63,651
Outlays 59,209 60,258 63,651
Legislative proposal, subject to PAYGO:
Budget Authority –345
Outlays –345
Total:
Budget Authority 59,209 60,258 63,306
Outlays 59,209 60,258 63,306

The Earned Income Tax Credit (EITC) was enacted by the Tax Reduction Act of 1975 (Public Law 94–12) and made permanent by the Revenue Adjustment Act of 1978 (Public Law 95–600). The credit was subsequently modified by Public Laws 99–514, 101–508, 103–66, 107–16, 111–5, 111–312, 112–240, and 114–113. The amount of EITC a taxpayer may receive depends on the number of qualifying children the taxpayer has. The amount of EITC a taxpayer may receive initially increases as the taxpayer earns more income, then remains constant over a range of earned income, and then decreases as earned income increases further. The credit phases out based on the greater of (1) earned income and (2) adjusted gross income. As provided by law, there are instances where the EITC exceeds the amount of tax liability owed through the individual income tax system, resulting in an additional payment to the taxpayer.

Payment Where Earned Income Credit Exceeds Liability for Tax

(Legislative proposal, subject to PAYGO)

Program and Financing (in millions of dollars)


Identification code 020–0906–4–1–609 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment Where Earned Income Credit Exceeds Liability for Tax (Direct) –345



0900 Total new obligations, unexpired accounts (object class 41.0) –345

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation –345
1930 Total budgetary resources available –345

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts –345
3020 Outlays (gross) 345

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross –345
Outlays, gross:
4100 Outlays from new mandatory authority –345
4180 Budget authority, net (total) –345
4190 Outlays, net (total) –345

The Budget includes several proposals that impact the Earned Income Tax Credit. Proposals include: require a Social Security number valid for work in order to qualify for the credit; provide the Internal Revenue Service (IRS) with greater flexibility to address correctable errors; improve clarity in worker classification and information reporting requirements; provide explicit authority for the IRS to oversee paid tax return preparers; and reform medical liability.

Payment Where Child Tax Credit Exceeds Liability for Tax

Program and Financing (in millions of dollars)


Identification code 020–0922–0–1–609 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment Where Child Tax Credit Exceeds Liability for Tax (Direct) 28,898 29,615 29,477



0900 Total new obligations, unexpired accounts (object class 41.0) 28,898 29,615 29,477

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 28,898 29,615 29,477
1930 Total budgetary resources available 28,898 29,615 29,477

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 28,898 29,615 29,477
3020 Outlays (gross) –28,898 –29,615 –29,477

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 28,898 29,615 29,477
Outlays, gross:
4100 Outlays from new mandatory authority 28,898 29,615 29,477
4180 Budget authority, net (total) 28,898 29,615 29,477
4190 Outlays, net (total) 28,898 29,615 29,477

Summary of Budget Authority and Outlays (in millions of dollars)


2019 actual 2020 est. 2021 est.

Enacted/requested:
Budget Authority 28,898 29,615 29,477
Outlays 28,898 29,615 29,477
Legislative proposal, subject to PAYGO:
Budget Authority –135
Outlays –135
Total:
Budget Authority 28,898 29,615 29,342
Outlays 28,898 29,615 29,342

The Child Tax Credit (CTC) was enacted by the Taxpayer Relief Act of 1997 (P.L. 105–34). The CTC was subsequently modified by Public Laws 107–16, 111–5, 111–312, 112–240, and 114–113. The Tax Cuts and Jobs Act (TCJA, P.L. 115–97) increased the credit to $2,000 per qualifying dependent child under age 17 for tax years 2018–2025. The CTC phases out for higher income taxpayers. Taxpayers with insufficient tax liability to claim the entire CTC may receive up to $1,400 in a refundable credit, known as the Additional Child Tax Credit (ACTC). TCJA also provided that, in order to receive the CTC and/or ACTC, a taxpayer must include a Social Security Number for each qualifying child for whom the credit is claimed on the tax return.

Payment Where Child Tax Credit Exceeds Liability for Tax

(Legislative proposal, subject to PAYGO)

Program and Financing (in millions of dollars)


Identification code 020–0922–4–1–609 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment Where Child Tax Credit Exceeds Liability for Tax (Direct) –135



0900 Total new obligations, unexpired accounts (object class 41.0) –135

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation –135
1930 Total budgetary resources available –135

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts –135
3020 Outlays (gross) 135

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross –135
Outlays, gross:
4100 Outlays from new mandatory authority –135
4180 Budget authority, net (total) –135
4190 Outlays, net (total) –135

The Budget includes several proposals that impact the Child Tax Credit. Proposals include: require a Social Security number valid for work in order to qualify for the credit; provide the Internal Revenue Service (IRS) with greater flexibility to address correctable errors; improve clarity in worker classification and information reporting requirements; provide explicit authority for the IRS to oversee paid tax return preparers; and reform medical liability.

Payment Where Health Coverage Tax Credit Exceeds Liability for Tax

Program and Financing (in millions of dollars)


Identification code 020–0923–0–1–551 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment Where Health Coverage Tax Credit Exceeds Liability for T (Direct) 24 29 7



0900 Total new obligations, unexpired accounts (object class 41.0) 24 29 7

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 24 29 7
1930 Total budgetary resources available 24 29 7

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 24 29 7
3020 Outlays (gross) –24 –29 –7

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 24 29 7
Outlays, gross:
4100 Outlays from new mandatory authority 24 29 7
4180 Budget authority, net (total) 24 29 7
4190 Outlays, net (total) 24 29 7

The Health Coverage Tax Credit (HCTC) is a refundable tax credit that pays 72.5% of qualified health insurance premiums for eligible individuals and their families (as provided in IRC 35(a)). Those eligible include certain recipients of Trade Adjustment Assistance (TAA) and beneficiaries of the Pension Benefit Guaranty Corporation who are aged 55 through 64. Individuals cannot claim both HCTC and a premium tax credit for the same coverage. The credit can be paid in advance. The HCTC was created in the Trade Act of 2002 (P.L. 107–210), subsequently extended, temporarily eliminated in 2014 (P.L. 112–40, section 241), then later reinstated through December 31, 2019 (P.L. 114–27, section 407). The Further Consolidated Appropriations Act, 2020 (P.L. 116–94, section 146) extended the credit through December 31, 2020.

Payment Where Small Business Health Insurance Tax Credit Exceeds Liability for Tax

Program and Financing (in millions of dollars)


Identification code 020–0951–0–1–551 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment Where Small Business Health Insurance Tax Credit Exceeds (Direct) 1 1 1



0900 Total new obligations, unexpired accounts (object class 41.0) 1 1 1

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 1 1 1
1930 Total budgetary resources available 1 1 1

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1 2 2
3010 New obligations, unexpired accounts 1 1 1
3020 Outlays (gross) –1 –1



3050 Unpaid obligations, end of year 2 2 2
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1 2 2
3200 Obligated balance, end of year 2 2 2

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 1 1 1
Outlays, gross:
4100 Outlays from new mandatory authority 1 1
4180 Budget authority, net (total) 1 1 1
4190 Outlays, net (total) 1 1

The Patient Protection and Affordable Care Act of 2010 (P.L. 111–148), section 1421, allows certain small employers (including small tax-exempt employers) to claim a credit when they pay at least half of the health care premiums for single health insurance coverage for their employees. Small employers can claim the credit for 2010 through 2013 and after that for the first two consecutive years of having coverage purchased through the small business health options program. Generally, employers that have fewer than 25 full-time equivalent employees and pay wages averaging less than $50,000 per employee per year may qualify for the credit.

This account includes state innovation waiver pass-through payments in lieu of the Small Business Health Insurance Tax Credit to qualifying states under section 1332(a)(3) of the PPACA.

Payment Where Certain Tax Credits Exceed Liability for Corporate Tax

Program and Financing (in millions of dollars)


Identification code 020–0931–0–1–376 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment Where Certain Tax Credits Exceed Liability for Corporate (Direct) 1,062 226
0002 Credit for Prior Year Minimum Tax Liability of Corporations 7,170 6,459 3,288



0900 Total new obligations, unexpired accounts (object class 41.0) 8,232 6,685 3,288

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 8,302 6,685 3,288
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –70



1260 Appropriations, mandatory (total) 8,232 6,685 3,288
1930 Total budgetary resources available 8,232 6,685 3,288

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 8,232 6,685 3,288
3020 Outlays (gross) –8,232 –6,685 –3,288

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 8,232 6,685 3,288
Outlays, gross:
4100 Outlays from new mandatory authority 8,232 6,685 3,288
4180 Budget authority, net (total) 8,232 6,685 3,288
4190 Outlays, net (total) 8,232 6,685 3,288

This account shows the outlays for the provision that allows certain businesses to accelerate the recognition of a portion of certain other credits in lieu of taking bonus depreciation. The Housing and Economic Recovery Act of 2008 (P.L. 110–289), section 3081, allowed certain businesses to accelerate the recognition of a portion of their unused pre-2006 alternative minimum tax (AMT) or research and development (R&D) credits in lieu of taking bonus depreciation. The maximum increase amount is capped at the lesser of $30 million or 6 percent of eligible AMT and R&D credits. The accelerated credit amount is refundable. The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1201(b), extended this temporary benefit through 2009. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 401(c), extended this temporary benefit through the end of 2012, but only with respect to AMT credits. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 331(c), extended this temporary benefit through 2013 only with respect to AMT credits. The Tax Increase Prevention Act, Title I—Certain Expiring Provisions (P.L. 113–295), section 125(c), extended this temporary benefit through 2014 only with respect to AMT credits. The Protecting Americans from Tax Hikes (PATH) Act of 2015 (P.L. 114–113), extended this provision through 2015. The PATH Act also extended and modified this provision for 2016 through 2019.

The Tax Cuts and Jobs Act (P.L. 115–97) (TCJA) repealed the corporate alternative minimum tax. To conform to this repeal, the election to accelerate AMT credits in lieu of taking bonus depreciation was repealed, effective for property placed in service after September 27, 2017. P.L. 115–97 allows prior year AMT credits to offset regular tax liability for any taxable year. In addition, AMT credits are refundable for any taxable year beginning after 2017 and before 2022 in an amount equal to 50 percent (100 percent in the case of taxable years beginning in 2021) of the excess of the minimum tax credit for the taxable year over the amount of the credit allowable for the year against regular tax liability. The refundable corporate minimum tax credit claimed under sections 53 and 168(k)(4) of title 26, U.S. Code as in effect for taxable years beginning before Jan. 1, 2018, is not direct spending under the Balanced Budget and Deficit Control Act, as amended, and thus is not subject to sequestration.

Payment Where American Opportunity Credit Exceeds Liability for Tax

Program and Financing (in millions of dollars)


Identification code 020–0932–0–1–502 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment Where American Opportunity Credit Exceeds Liability for (Direct) 2,881 3,855 3,853



0900 Total new obligations, unexpired accounts (object class 41.0) 2,881 3,855 3,853

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 2,881 3,855 3,853
1930 Total budgetary resources available 2,881 3,855 3,853

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 2,881 3,855 3,853
3020 Outlays (gross) –2,881 –3,855 –3,853

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 2,881 3,855 3,853
Outlays, gross:
4100 Outlays from new mandatory authority 2,881 3,855 3,853
4180 Budget authority, net (total) 2,881 3,855 3,853
4190 Outlays, net (total) 2,881 3,855 3,853

Summary of Budget Authority and Outlays (in millions of dollars)


2019 actual 2020 est. 2021 est.

Enacted/requested:
Budget Authority 2,881 3,855 3,853
Outlays 2,881 3,855 3,853
Legislative proposal, subject to PAYGO:
Budget Authority –135
Outlays –135
Total:
Budget Authority 2,881 3,855 3,718
Outlays 2,881 3,855 3,718

The American Opportunity Tax Credit (AOTC) was enacted by the American Recovery and Reinvestment Act of 2009 (Public Law 111–5), was extended temporarily by Public Laws 111–312 and 112–240, and was made permanent by Public Law 114–113. A taxpayer may claim an AOTC of 100 percent of the first $2,000 of qualified tuition, fees, and course materials paid by the taxpayer for each eligible student or dependent and 25 percent of the next $2,000 of these qualifying expenses. Up to 40 percent of the otherwise eligible credit is refundable. The AOTC may be claimed only for the first four years of post-secondary education per student. The AOTC phases out for higher income taxpayers as the taxpayers income increases. As provided by law, there are instances where a taxpayer is entitled to a payment because the AOTC to which the taxpayer is entitled exceeds the amount of tax liability owed through the individual income tax system.

Payment Where American Opportunity Credit Exceeds Liability for Tax

(Legislative proposal, subject to PAYGO)

Program and Financing (in millions of dollars)


Identification code 020–0932–4–1–502 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment Where American Opportunity Credit Exceeds Liability for (Direct) –135



0900 Total new obligations, unexpired accounts (object class 41.0) –135

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation –135
1930 Total budgetary resources available –135

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts –135
3020 Outlays (gross) 135

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross –135
Outlays, gross:
4100 Outlays from new mandatory authority –135
4180 Budget authority, net (total) –135
4190 Outlays, net (total) –135

The Budget includes a proposal to provide the Internal Revenue Service (IRS) with greater flexibility to address correctable errors on tax returns.

Payment to Issuer of Qualified Energy Conservation Bonds

Program and Financing (in millions of dollars)


Identification code 020–0948–0–1–272 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment to Issuer of Qualified Energy Conservation Bonds (Direct) 40 40 43



0900 Total new obligations, unexpired accounts (object class 41.0) 40 40 43

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 43 43 43
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –3 –3



1260 Appropriations, mandatory (total) 40 40 43
1930 Total budgetary resources available 40 40 43

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 40 40 43
3020 Outlays (gross) –40 –40 –43

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 40 40 43
Outlays, gross:
4100 Outlays from new mandatory authority 40 40 43
4180 Budget authority, net (total) 40 40 43
4190 Outlays, net (total) 40 40 43

The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), section 301, created Qualified Energy Conservation Bonds; and the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1112, increased the limitation on issuance of qualified energy conservation bonds from $800 million to $3.2 billion.

The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by allowing issuers of Qualified Energy Conservation Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.

Payment to Issuer of New Clean Renewable Energy Bonds

Program and Financing (in millions of dollars)


Identification code 020–0947–0–1–271 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment to Issuer of New Clean Renewable Energy Bonds (Direct) 48 48 51



0900 Total new obligations, unexpired accounts (object class 41.0) 48 48 51

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 51 51 51
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –3 –3



1260 Appropriations, mandatory (total) 48 48 51
1930 Total budgetary resources available 48 48 51

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 48 48 51
3020 Outlays (gross) –48 –48 –51

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 48 48 51
Outlays, gross:
4100 Outlays from new mandatory authority 48 48 51
4180 Budget authority, net (total) 48 48 51
4190 Outlays, net (total) 48 48 51

The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), section 107, created New Clean Renewable Energy Bonds, and the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1111, increased the limitation on issuance of New Clean Renewable Energy Bonds to a total limitation of $2.4 billion.

The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of New Clean Renewable Energy Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.

Payment to Issuer of Qualified School Construction Bonds

Program and Financing (in millions of dollars)


Identification code 020–0946–0–1–501 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment to Issuer of Qualified School Construction Bonds (Direct) 650 650 691



0900 Total new obligations, unexpired accounts (object class 41.0) 650 650 691

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 693 691 691
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –43 –41



1260 Appropriations, mandatory (total) 650 650 691
1930 Total budgetary resources available 650 650 691

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 650 650 691
3020 Outlays (gross) –650 –650 –691

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 650 650 691
Outlays, gross:
4100 Outlays from new mandatory authority 650 650 691
4180 Budget authority, net (total) 650 650 691
4190 Outlays, net (total) 650 650 691

The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1521, created Qualified School Construction Bonds with a calendar year limitation of $11 billion for 2009 and 2010, and zero after 2010.

The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of Qualified School Construction Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.

Payment to Issuer of Qualified Zone Academy Bonds

Program and Financing (in millions of dollars)


Identification code 020–0945–0–1–501 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payment to Issuer of Qualified Zone Academy Bonds (Direct) 43 43 46



0900 Total new obligations, unexpired accounts (object class 41.0) 43 43 46

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 46 46 46
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –3 –3



1260 Appropriations, mandatory (total) 43 43 46
1930 Total budgetary resources available 43 43 46

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 43 43 46
3020 Outlays (gross) –43 –43 –46

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 43 43 46
Outlays, gross:
4100 Outlays from new mandatory authority 43 43 46
4180 Budget authority, net (total) 43 43 46
4190 Outlays, net (total) 43 43 46

The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1522, extended and expanded the calendar year limitation for Qualified Zone Academy Bonds to $1.4 billion for 2009 and 2010. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 758, extended the Qualified Zone Academy Bonds for 2011 and reduced the calendar year limitation to $400 million. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 310, extended the calendar year limitation of $400 million through tax year 2013 (a two-year extension). The Tax Increase Prevention Act, Title I—Certain Expiring Provisions (P.L. 113–295), section 120, extended the calendar year limitation of $400 million through tax year 2014 (a one-year extension). The Protecting Americans from Tax Hikes Act of 2015 (P.L. 114–113), extended the calendar year limitation of $400 million through tax year 2016 (a two-year extension).

The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amends section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of Qualified Zone Academy Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (P.L. 111–312) amended section 6431(f)(3)(A)(iii) to provide that direct pay treatment for Qualified Zone Academy Bonds is not available for Qualified Zone Academy Bond allocations from the 2011 national limitation or any carry forward of the 2011 allocation.

Payment Where Adoption Credit Exceeds Liability for Tax

Payment to United States Virgin Islands and Puerto Rico for Disaster Tax Relief

Program and Financing (in millions of dollars)


Identification code 020–0159–0–1–609 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Payments to Puerto Rico 200



0900 Total new obligations, unexpired accounts (object class 41.0) 200

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 200
1930 Total budgetary resources available 200

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 200
3020 Outlays (gross) –200

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 200
Outlays, gross:
4100 Outlays from new mandatory authority 200
4180 Budget authority, net (total) 200
4190 Outlays, net (total) 200

The Disaster Tax Relief and Airport and Airway Extension Act of 2017 (P.L. 115–63) amended the Internal Revenue Code to allow various tax credits, deductions, and modifications to existing rules for individuals and businesses affected by Hurricanes Harvey, Irma, and Maria. Section 504(d) provided that the Department of the Treasury pay: (1) to the U.S. Virgin Islands amounts equal to the loss in revenues to the U.S. Virgin Islands by reason of the provisions of this title, and (2) to the Commonwealth of Puerto Rico amounts equal to the aggregate benefits that would have been provided to residents of Puerto Rico by reason of the provisions of this title if a mirror code tax system had been in effect in Puerto Rico. Activity to date reflects payments to the Commonwealth of Puerto Rico pursuant to the Employee Retention Tax Credit Implementation Plan approved by the Department of the Treasury.

Refunding Internal Revenue Collections, Interest

Program and Financing (in millions of dollars)


Identification code 020–0904–0–1–908 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Refunding Internal Revenue Collections, Interest (Direct) 2,042 1,321 1,464



0900 Total new obligations, unexpired accounts (object class 43.0) 2,042 1,321 1,464

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 2,042 1,321 1,464
1930 Total budgetary resources available 2,042 1,321 1,464

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 2,042 1,321 1,464
3020 Outlays (gross) –2,042 –1,321 –1,464

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 2,042 1,321 1,464
Outlays, gross:
4100 Outlays from new mandatory authority 2,042 1,321 1,464
4180 Budget authority, net (total) 2,042 1,321 1,464
4190 Outlays, net (total) 2,042 1,321 1,464

Under certain circumstances, as provided in 26 U.S.C. 6611, interest is paid on Internal Revenue collections that must be refunded. The Tax Equity and Fiscal Responsibility Act of 1982 (P.L. 97–248) provides for daily compounding of interest. Under the Tax Reform Act of 1986 (P.L. 99–514), interest paid on Internal Revenue collections will equal the Federal short-term rate plus three percentage points (two percentage points in the case of a corporation), with such rate to be adjusted quarterly.

Refundable Premium Tax Credit

Program and Financing (in millions of dollars)


Identification code 020–0949–0–1–551 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Premium assistance tax credit 53,142 41,529 35,537
0003 Basic Health Program 5,097 4,487 3,725
0004 State Innovation Waivers 939 1,584 1,138



0900 Total new obligations, unexpired accounts (object class 41.0) 59,178 47,600 40,400

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 1 1
1021 Recoveries of prior year unpaid obligations 1
1033 Recoveries of prior year paid obligations 9,860
1037 Unobligated balance of appropriations withdrawn –9,860



1050 Unobligated balance (total) 1 1 1
Budget authority:
Appropriations, mandatory:
1200 Appropriation 59,178 47,600 40,400
1900 Budget authority (total) 59,178 47,600 40,400
1930 Total budgetary resources available 59,179 47,601 40,401
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 1 1 1

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 218 952
3010 New obligations, unexpired accounts 59,178 47,600 40,400
3020 Outlays (gross) –58,443 –48,552 –40,400
3040 Recoveries of prior year unpaid obligations, unexpired –1



3050 Unpaid obligations, end of year 952
Memorandum (non-add) entries:
3100 Obligated balance, start of year 218 952
3200 Obligated balance, end of year 952

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 59,178 47,600 40,400
Outlays, gross:
4100 Outlays from new mandatory authority 58,280 47,600 40,400
4101 Outlays from mandatory balances 163 952



4110 Outlays, gross (total) 58,443 48,552 40,400
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123 Non-Federal sources –9,860
Additional offsets against gross budget authority only:
4143 Recoveries of prior year paid obligations, unexpired accounts 9,860



4160 Budget authority, net (mandatory) 59,178 47,600 40,400
4170 Outlays, net (mandatory) 48,583 48,552 40,400
4180 Budget authority, net (total) 59,178 47,600 40,400
4190 Outlays, net (total) 48,583 48,552 40,400

The Patient Protection and Affordable Care Act (PPACA) of 2010 (P.L. 111–148) established the Refundable Premium Tax Credit. This credit is an advanceable, refundable tax credit designed to help eligible individuals and families with low or moderate income afford health insurance purchased through a Health Insurance Exchange, beginning in 2014. The credit can be paid in advance to the taxpayer's insurance company to lower the monthly premiums, or it can be claimed when a taxpayer files their income tax return for the year. If the credit is paid in advance, the taxpayer must reconcile the advance credit payments with the actual credit computed on the tax return, subject to certain caps.

This account includes state innovation waiver pass-through payments in lieu of the Premium Tax Credit to qualifying states under section 1332(a)(3) of the PPACA, as well as payments to states under the Basic Health Program established under section 1331 of PPACA.

IRS Miscellaneous Retained Fees

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5432–0–2–803 2019 actual 2020 est. 2021 est.

0100 Balance, start of year
Receipts:
Current law:
1110 Enrolled Agent Fee Increase, IRS Miscellaneous Retained Fees 8 9 8
1130 New Installment Agreements, IRS Miscellaneous Retained Fees 186 181 179
1130 Restructured Installment Agreements, IRS Miscellaneous Retained Fees 78 76 72
1130 General User Fees, IRS Miscellaneous Retained Fees 115 122 125
1130 Photocopying and Historical Conservation Easement Fees, IRS Miscellaneous Retained Fees 5 4 3



1199 Total current law receipts 392 392 387



1999 Total receipts 392 392 387



2000 Total: Balances and receipts 392 392 387
Appropriations:
Current law:
2101 IRS Miscellaneous Retained Fees –392 –392 –387



5099 Balance, end of year

Program and Financing (in millions of dollars)


Identification code 020–5432–0–2–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 IRS Miscellaneous Retained Fees (Direct) 5 4 4



0900 Total new obligations, unexpired accounts (object class 44.0) 5 4 4

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 513 587 445
1010 Unobligated balance transfer to other accts [020–0919] –218 –410 –63
1010 Unobligated balance transfer to other accts [020–0912] –6 –4 –100
1010 Unobligated balance transfer to other accts [020–0921] –102
1011 Unobligated balance transfer from other acct [020–0921] 1



1050 Unobligated balance (total) 290 71 282
Budget authority:
Appropriations, discretionary:
1120 Appropriations transferred to other accts [020–0919] –14 –387
1120 Appropriations transferred to other accts [020–0921] –90



1160 Appropriation, discretionary (total) –90 –14 –387
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 392 392 387
1900 Budget authority (total) 302 378
1930 Total budgetary resources available 592 449 282
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 587 445 278

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 5 4 4
3020 Outlays (gross) –5 –4 –4

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross –90 –14 –387
Mandatory:
4090 Budget authority, gross 392 392 387
Outlays, gross:
4101 Outlays from mandatory balances 5 4 4
4180 Budget authority, net (total) 302 378
4190 Outlays, net (total) 5 4 4

As provided by law (26 U.S.C. 7801), the Secretary of the Treasury may establish new fees or raise existing fees for services provided by the IRS to recover the value of the service provided, where such fees are authorized by another law, and may spend the new or increased fee receipts to supplement appropriations made available to the IRS appropriations accounts. Funds in this account are transferred to other IRS appropriations accounts for expenditure.

Gifts to the United States for Reduction of the Public Debt

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5080–0–2–808 2019 actual 2020 est. 2021 est.

0100 Balance, start of year 2
Receipts:
Current law:
1130 Gifts to the United States for Reduction of the Public Debt 5 5 5



2000 Total: Balances and receipts 5 5 7
Appropriations:
Current law:
2101 Gifts to the United States for Reduction of the Public Debt –5 –3 –3



5099 Balance, end of year 2 4

Program and Financing (in millions of dollars)


Identification code 020–5080–0–2–808 2019 actual 2020 est. 2021 est.

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 5 3 3
1236 Appropriations applied to repay debt –5 –3 –3
4180 Budget authority, net (total)
4190 Outlays, net (total)

As provided by law (31 U.S.C. 3113), the Secretary of the Treasury is authorized to accept conditional gifts to the United States for the purpose of reducing the public debt.

Private Collection Agent Program

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5510–0–2–803 2019 actual 2020 est. 2021 est.

0100 Balance, start of year 2 6 10
Receipts:
Current law:
1110 Private Collection Agent Program 97 162 162



2000 Total: Balances and receipts 99 168 172
Appropriations:
Current law:
2101 Private Collection Agent Program –97 –162 –162
2103 Private Collection Agent Program –2 –6 –10
2132 Private Collection Agent Program 6 10



2199 Total current law appropriations –93 –158 –172



2999 Total appropriations –93 –158 –172



5099 Balance, end of year 6 10

Program and Financing (in millions of dollars)


Identification code 020–5510–0–2–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0002 Payments to Private Collection Agencies 39 64 64
0003 Special Compliance Personnel Program 24 37 53



0900 Total new obligations, unexpired accounts 63 101 117

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 17 47 104
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 97 162 162
1203 Appropriation (previously unavailable)(special or trust) 2 6 10
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –6 –10



1260 Appropriations, mandatory (total) 93 158 172
1930 Total budgetary resources available 110 205 276
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 47 104 159

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 3 8 25
3010 New obligations, unexpired accounts 63 101 117
3020 Outlays (gross) –58 –84 –118



3050 Unpaid obligations, end of year 8 25 24
Memorandum (non-add) entries:
3100 Obligated balance, start of year 3 8 25
3200 Obligated balance, end of year 8 25 24

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 93 158 172
Outlays, gross:
4100 Outlays from new mandatory authority 55 55 81
4101 Outlays from mandatory balances 3 29 37



4110 Outlays, gross (total) 58 84 118
4180 Budget authority, net (total) 93 158 172
4190 Outlays, net (total) 58 84 118

This account reflects the funds that the IRS is allowed to retain and expend for qualified tax collection contracts with private collection agents and the special compliance personnel program. The American Jobs Creation Act of 2004 (P.L. 108–357) allowed the IRS to use private collection contractors to supplement its own collection staff efforts to ensure that all taxpayers pay what they owe. The statute authorized the Treasury to retain and use an amount not in excess of 25 percent of the amount collected under any qualified tax collection contract for payments to private collection agents, and an amount not in excess of 25 percent of the amount collected for enforcement activities of the IRS (26 USC 6306). The IRS used this authority to contract with several private debt collection agencies starting in 2006. In March 2009, the IRS allowed its private debt collection contracts to expire, thereby administratively terminating the program in accordance with Omnibus Appropriations Act, 2009 Administrative Provisions - Internal Revenue Service, Section 106 (P.L. 111–8). This provision stated that none of the funds made available in this Act maybe used to enter into, renew, extend, administer, implement, enforce, or provide oversight of any qualified tax collection contract as defined in section 6306 of the Internal Revenue Code of 1986.

Section 32102(a) of the Fixing America's Surface Transportation Act of 2015 (P.L. 114–94), amended section 6306 of the Internal Revenue Code (IRC) and requires the Secretary of the Treasury to enter into one or more qualified tax collection contracts for the collection of all outstanding inactive tax receivables. These agreements are applicable to tax receivables as identified by the Secretary after December 4, 2015. Section 6306 of the IRC prohibits the payment of fees for all services in excess of 25 percent of the amount collected under a tax collection contract for payments to private collection agents. In addition, up to 25 percent of the amount collected may be used to fund the special compliance personnel program account under section 6307.

Inactive tax receivables, as redefined by the Taxpayer First Act (P.L. 116–25), are defined as any tax receivable: 1) removed from the active inventory for lack of resources or inability to locate the taxpayer; 2) for which more than two years has passed since assessment and no IRS employee has been assigned to collect the receivable; or 3) for which a receivable has been assigned for collection but more than 365 days have passed without interaction with the taxpayer or a third party for purposes of furthering the collection. Tax receivables are defined as any outstanding assessment that the IRS includes in potentially collectible inventory. The Taxpayer First Act also made certain receivables of individual taxpayers ineligible for collection, including taxpayers whose income subtantially consists of disability insurance benefits or supplemental security income benefits or whose adjusted gross income does not exceed 200 percent of the applicable federal poverty level.

Object Classification (in millions of dollars)


Identification code 020–5510–0–2–803 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 8 14 20
11.5 Other personnel compensation 1 1



11.9 Total personnel compensation 8 15 21
12.1 Civilian personnel benefits 3 5 8
23.1 Rental payments to GSA 10 13 18
25.1 Advisory and assistance services 42 67 69
31.0 Equipment 1 1



99.0 Direct obligations 63 101 117



99.9 Total new obligations, unexpired accounts 63 101 117

Employment Summary


Identification code 020–5510–0–2–803 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 111 208 308

Informant Payments

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5433–0–2–803 2019 actual 2020 est. 2021 est.

0100 Balance, start of year
Receipts:
Current law:
1140 Underpayment and Fraud Collection 88 125 125



2000 Total: Balances and receipts 88 125 125
Appropriations:
Current law:
2101 Informant Payments –88 –125 –125



5099 Balance, end of year

Program and Financing (in millions of dollars)


Identification code 020–5433–0–2–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Informant Payments 88 118 125



0900 Total new obligations, unexpired accounts (object class 91.0) 88 118 125

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 88 125 125
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –7



1260 Appropriations, mandatory (total) 88 118 125
1930 Total budgetary resources available 88 118 125

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 88 118 125
3020 Outlays (gross) –88 –118 –125

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 88 118 125
Outlays, gross:
4100 Outlays from new mandatory authority 88 118 125
4180 Budget authority, net (total) 88 118 125
4190 Outlays, net (total) 88 118 125

As provided by law (26 U.S.C. 7623), the Secretary of the Treasury may make payments to individuals who provide information that leads to the collection of Internal Revenue taxes. The Taxpayer Bill of Rights of 1996 (P.L. 104–168) provides for payments of such sums to individuals from the proceeds of amounts collected by reason of the information provided, and any amount collected shall be available for such payments. This information must lead to the detection of underpayments of taxes, or detection and bringing to trial and punishment of persons guilty of violating the Internal Revenue laws. This provision was further amended by the Tax Relief and Health Care Act of 2006 (P.L. 109–432) to provide for mandatory payments in certain circumstances and to encourage use of the program. A reward payment typically ranges between 15 and 30 percent of the collected proceeds for cases where the amount of collected proceeds exceeds $2 million. Lower payments are allowed in certain circumstances, including cases in which information is provided that was already available from another source. Section 41108 of the Bipartisan Budget Act of 2018 (P.L. 115–123) expanded the definition of proceeds to include proceeds arising from the laws for which the Internal Revenue Service is authorized to administer, enforce or investigate. Section 41108 further provides that the expanded definition of proceeds shall be used to determine eligibility for a mandatory award under section 7623(b)(5) and states that the amount of proceeds are to be determined without regard to whether such proceeds are available to the Secretary.

Federal Tax Lien Revolving Fund

Program and Financing (in millions of dollars)


Identification code 020–4413–0–3–803 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0801 Federal Tax Lien Revolving Fund (Reimbursable) 7 2 2



0900 Total new obligations, unexpired accounts (object class 32.0) 7 2 2

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 7 7 7
Budget authority:
Spending authority from offsetting collections, mandatory:
1800 Collected 7 2 2
1930 Total budgetary resources available 14 9 9
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 7 7 7

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 7 2 2
3020 Outlays (gross) –7 –2 –2

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 7 2 2
Outlays, gross:
4101 Outlays from mandatory balances 7 2 2
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123 Non-Federal sources –7 –2 –2
4180 Budget authority, net (total)
4190 Outlays, net (total)

This revolving fund was established pursuant to section 112(a) of the Federal Tax Lien Act of 1966, to serve as the source of financing the redemption of real property by the United States. During the process of collecting unpaid taxes, the Government may place a tax lien on real estate in order to protect the Government's interest and this account provides the resources to administer the program.

Internal Revenue Service Oversight Board

The Internal Revenue Service Restructuring and Reform Act of 1998 (Section 7802(d) 26 U.S.C.) directs the IRS Oversight Board to provide an annual budget request for the IRS. The Oversight Board's request shall be submitted to the President by the Secretary without revision, and the President shall submit the request, without revision, to Congress together with the President's Budget request for the IRS. The Board did not make a recommendation for 2021 as it currently lacks a quorum. The Board will reconvene once it has enough Senate-confirmed members to make a quorum.

Administrative Provisions—Internal Revenue Service

'

(including transfer of funds)

SEC. 101. Not to exceed 4 percent of the appropriation made available in this Act to the Internal Revenue Service under the "Enforcement" heading, and not to exceed 5 percent of any other appropriation made available in this Act to the Internal Revenue Service, may be transferred to any other Internal Revenue Service appropriation upon advance notice to the Committees on Appropriations of the House of Representatives and the Senate.SEC. 102. The Internal Revenue Service shall maintain an employee training program, which shall include the following topics: taxpayers' rights, dealing courteously with taxpayers, cross-cultural relations, ethics, and the impartial application of tax law.SEC. 103. The Internal Revenue Service shall institute and enforce policies and procedures that will safeguard the confidentiality of taxpayer information and protect taxpayers against identity theft.SEC. 104. Funds made available by this or any other Act to the Internal Revenue Service shall be available for improved facilities and increased staffing to provide sufficient and effective 1–800 help line service for taxpayers. The Commissioner shall continue to make improvements to the Internal Revenue Service 1–800 help line service a priority and allocate resources necessary to enhance the response time to taxpayer communications, particularly with regard to victims of tax-related crimes.SEC. 105. The Internal Revenue Service shall issue a notice of confirmation of any address change relating to an employer making employment tax payments, and such notice shall be sent to both the employer's former and new address and an officer or employee of the Internal Revenue Service shall give special consideration to an offer-in-compromise from a taxpayer who has been the victim of fraud by a third party payroll tax preparer.SEC. 106. None of the funds made available under this Act may be used by the Internal Revenue Service to target citizens of the United States for exercising any right guaranteed under the First Amendment to the Constitution of the United States.SEC. 107. None of the funds made available in this Act may be used by the Internal Revenue Service to target groups for regulatory scrutiny based on their ideological beliefs.SEC. 108. None of funds made available by this Act to the Internal Revenue Service shall be obligated or expended on conferences that do not adhere to the procedures, verification processes, documentation requirements, and policies issued by the Chief Financial Officer, Human Capital Office, and Agency-Wide Shared Services as a result of the recommendations in the report published on May 31, 2013, by the Treasury Inspector General for Tax Administration entitled "Review of the August 2010 Small Business/Self-Employed Division's Conference in Anaheim, California" (Reference Number 2013–10–037).SEC. 109. None of the funds made available in this Act to the Internal Revenue Service may be obligated or expended—

(1) to make a payment to any employee under a bonus, award, or recognition program; or

(2) under any hiring or personnel selection process with respect to re-hiring a former employee;

unless such program or process takes into account the conduct and Federal tax compliance of such employee or former employee.

SEC. 110. None of the funds made available by this Act may be used in contravention of section 6103 of the Internal Revenue Code of 1986 (relating to confidentiality and disclosure of returns and return information).SEC. 111. Unobligated balances of expired discretionary funds appropriated from the General Fund of the Treasury to the Internal Revenue Service by this Act may be transferred (not later than the end of the fifth fiscal year after the last fiscal year for which such funds are available for the purposes for which appropriated) into the Operations Support heading: Provided, that any funds so transferred shall remain available for obligation for five fiscal years after the fiscal year of such transfer, and in addition to such other funds as may be available for such purposes, for facilities and information technology expenses: Provided further, That transfer authority under this section shall be in addition to any other transfer authority provided in this Act: Provided further, That amounts may be obligated only after the Committees on Appropriations of the House of Representatives and the Senate are notified at least 15 days in advance of the planned use of funds. SEC. 112. Nothwithstanding any Congressional notification requirements for a reprogramming of funds in this Act, funds provided in this Act for the Internal Revenue Service shall be available for obligation and expenditure through a reprogramming of funds that augments or reduces existing programs, projects, or activities by up to $10,000,000 without prior Congressional notification of such action.

(Department of the Treasury Appropriations Act, 2020.)

United States Secret Service

The Budget reflects the transfer of the United States Secret Service from the Department of Homeland Security to the Department of the Treasury. The functions, personnel, assets, and obligations of the Secret Service, including the functions of the Secretary of Homeland Security related to the Secret Service, will transfer to the Department of the Treasury. The Secret Service will be maintained as a distinct entity within the Department of the Treasury. For additional information on the transfer proposal, please consult the Department of the Treasury chapter of the Main Budget Volume.

Federal Funds

Operations and Support

Contingent upon enactment of authorizing legislation to transfer the United States Secret Service to the Department of the Treasury, for necessary expenses of the United States Secret Service for operations and support, including purchase of not to exceed 652 vehicles for police-type use for replacement only; hire of passenger motor vehicles; purchase of motorcycles made in the United States; hire of aircraft; rental of buildings in the District of Columbia; fencing, lighting, guard booths, and other facilities on private or other property not in Government ownership or control, as may be necessary to perform protective functions; conduct of and participation in firearms matches; presentation of awards; conduct of behavioral research in support of protective intelligence and operations; payment in advance for commercial accommodations as may be necessary to perform protective functions; and payment, without regard to section 5702 of title 5, United States Code, of subsistence expenses of employees who are on protective missions, whether at or away from their duty stations; $2,310,296,000; of which $41,807,000 shall remain available until September 30, 2022; of which not to exceed $100,000 shall be to provide technical assistance and equipment to foreign law enforcement organizations in criminal investigations within the jurisdiction of the United States Secret Service; and of which $6,000,000 shall be for a grant for activities related to investigations of missing and exploited children: Provided, That not to exceed $19,125 shall be for official reception and representation expenses: Provided further, That funding may be used for calendar year 2020 premium pay in excess of the annual equivalent of the limitation on the rate of pay contained in section 5547(a) of title 5, United States Code, pursuant to section 2 of the Overtime Pay for Protective Services Act of 2016 (5 U.S.C. 5547 note), as amended by Public Law 115–383.

Program and Financing (in millions of dollars)


Identification code 020–0400–2–1–751 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0013 CAS - Mission Support 506
0014 CAS - Protective Operations 999
0015 CAS - Field Operations 689
0016 CAS - Basic and In-Service Training and Professional Development 116



0799 Total direct obligations 2,310
0801 Operating Expenses (Reimbursable) 27



0900 Total new obligations, unexpired accounts 2,337

Budgetary resources:
Unobligated balance:
1011 Unobligated balance transfer from other acct [070–0400] 51
Budget authority:
Appropriations, discretionary:
1100 Appropriation 2,310
Spending authority from offsetting collections, discretionary:
1700 Collected 18
1900 Budget authority (total) 2,328
1930 Total budgetary resources available 2,379
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 42

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 2,337
3020 Outlays (gross) –2,428
3031 Unpaid obligations transferred from other accts [070–0400] 595



3050 Unpaid obligations, end of year 504
Uncollected payments:
3081 Uncollected pymts from Fed sources transferred from other accounts –53



3090 Uncollected pymts, Fed sources, end of year –53
Memorandum (non-add) entries:
3200 Obligated balance, end of year 451

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 2,328
Outlays, gross:
4010 Outlays from new discretionary authority 1,834
4011 Outlays from discretionary balances 594



4020 Outlays, gross (total) 2,428
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –18



4040 Offsets against gross budget authority and outlays (total) –18
4180 Budget authority, net (total) 2,310
4190 Outlays, net (total) 2,410

The United States Secret Service has statutory authority to carry out two primary missions: protection of the Nation's leaders and investigation of financial and electronic crimes. The Secret Service protects and investigates threats against the President and Vice President, their families, visiting heads of state and government, and other individuals as directed by the President; protects the White House Complex, Vice President's Residence, foreign missions, and other buildings within Washington, D.C.; and manages the security at designated National Special Security Events. The Secret Service also investigates violations of laws relating to counterfeiting of obligations and securities of the United States; financial crimes that include, but are not limited to, access device fraud, financial institution fraud, identity theft, and computer fraud; and computer-based attacks on financial, banking, telecommunications, and other critical infrastructure. Within Secret Service, the Operations and Support appropriation funds necessary operations, mission support, and associated management and administration costs. The budget for Operations and Support includes resources to effectuate the transfer of the Secret Service to the Department of the Treasury, contingent upon enactment of authorizing legislation.

Object Classification (in millions of dollars)


Identification code 020–0400–2–1–751 2019 actual 2020 est. 2021 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 817
11.3 Other than full-time permanent 14
11.5 Other personnel compensation 229



11.9 Total personnel compensation 1,060
12.1 Civilian personnel benefits 496
21.0 Travel and transportation of persons 171
22.0 Transportation of things 6
23.1 Rental payments to GSA 99
23.2 Rental payments to others 10
23.3 Communications, utilities, and miscellaneous charges 36
25.2 Other services from non-Federal sources 201
25.3 Other goods and services from Federal sources 20
25.7 Operation and maintenance of equipment 7
26.0 Supplies and materials 63
31.0 Equipment 130
32.0 Land and structures 5
41.0 Grants, subsidies, and contributions 6



99.0 Direct obligations 2,310
99.0 Reimbursable obligations 27



99.9 Total new obligations, unexpired accounts 2,337

Employment Summary


Identification code 020–0400–2–1–751 2019 actual 2020 est. 2021 est.

1001 Direct civilian full-time equivalent employment 7,896

Procurement, Construction, and Improvements

Contingent upon enactment of authorizing legislation to transfer the United States Secret Service to the Department of the Treasury, for necessary expenses of the United States Secret Service for procurement, construction, and improvements, $38,305,000, to remain available until September 30, 2023.

Program and Financing (in millions of dollars)


Identification code 020–0402–2–1–751 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0006 CAS - Protection Infrastructure 23
0008 CAS - Construction and Facility Improvements 1



0900 Total new obligations, unexpired accounts 24

Budgetary resources:
Unobligated balance:
1011 Unobligated balance transfer from other acct [070–0401] 14
Budget authority:
Appropriations, discretionary:
1100 Appropriation 38
1930 Total budgetary resources available 52
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 28

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 24
3020 Outlays (gross) –76
3031 Unpaid obligations transferred from other accts [070–0401] 75



3050 Unpaid obligations, end of year 23
Memorandum (non-add) entries:
3200 Obligated balance, end of year 23

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 38
Outlays, gross:
4010 Outlays from new discretionary authority 11
4011 Outlays from discretionary balances 65



4020 Outlays, gross (total) 76
4180 Budget authority, net (total) 38
4190 Outlays, net (total) 76

Procurement, Construction, and Improvements provides funds necessary for the planning, operational development, engineering and purchase of one or more assets prior to sustainment. This account provides necessary funding and investments needed to support the Secret Service's protective and investigation missions.

Object Classification (in millions of dollars)


Identification code 020–0402–2–1–751 2019 actual 2020 est. 2021 est.

Direct obligations:
25.2 Other services from non-Federal sources 20
31.0 Equipment 4



99.9 Total new obligations, unexpired accounts 24

Contribution for Annuity Benefits, United States Secret Service

Program and Financing (in millions of dollars)


Identification code 020–0405–2–1–751 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0304 Mandatory-DC Annuity 265

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 265
1930 Total budgetary resources available 265

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 265
3020 Outlays (gross) –287
3031 Unpaid obligations transferred from other accts [070–0405] 44



3050 Unpaid obligations, end of year 22
Memorandum (non-add) entries:
3200 Obligated balance, end of year 22

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 265
Outlays, gross:
4100 Outlays from new mandatory authority 243
4101 Outlays from mandatory balances 44



4110 Outlays, gross (total) 287
4180 Budget authority, net (total) 265
4190 Outlays, net (total) 287

This account provides the Secret Service funding for contributions to the District of Columbia's Police and Firefighters Retirement Plan (DC Annuity).

Object Classification (in millions of dollars)


Identification code 020–0405–2–1–751 2019 actual 2020 est. 2021 est.

Direct obligations:
11.8 Personnel compensation: Special personal services payments 220
12.1 Civilian personnel benefits 45



99.9 Total new obligations, unexpired accounts 265

Research and Development

Contingent upon enactment of authorizing legislation to transfer the United States Secret Service to the Department of the Treasury, for necessary expenses of the United States Secret Service for research and development, $11,937,000, to remain available until September 30, 2022.

Program and Financing (in millions of dollars)


Identification code 020–0804–2–1–751 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Protection 10



0900 Total new obligations, unexpired accounts (object class 25.2) 10

Budgetary resources:
Unobligated balance:
1011 Unobligated balance transfer from other acct [070–0804] 2
Budget authority:
Appropriations, discretionary:
1100 Appropriation 12
1930 Total budgetary resources available 14
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 4

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 10
3020 Outlays (gross) –12
3031 Unpaid obligations transferred from other accts [070–0804] 2

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 12
Outlays, gross:
4010 Outlays from new discretionary authority 10
4011 Outlays from discretionary balances 2



4020 Outlays, gross (total) 12
4180 Budget authority, net (total) 12
4190 Outlays, net (total) 12

Research and Development includes funds necessary for supporting the search for new or refined knowledge and ideas and for the application or use of such knowledge and ideas for the development of new or improved products, processes, or capabilities. This account provides support to the Secret Service's protective and investigative missions.

ADMINISTRATIVE PROVISIONS

SEC. 101. The United States Secret Service is authorized to obligate funds in anticipation of reimbursements from executive agencies, as defined in section 105 of title 5, United States Code, for personnel receiving training sponsored by the James J. Rowley Training Center, except that total obligations at the end of the fiscal year shall not exceed total budgetary resources available under the heading "United States Secret Service-Operations and Support" at the end of the fiscal year. SEC. 102. None of the funds made available in this Act may be used to reimburse any Federal department or agency for its participation in a National Special Security Event. SEC. 103. None of the funds made available to the United States Secret Service by this Act or by previous appropriations Acts may be made available for the protection of the head of a Federal agency other than the Secretary of the Treasury: Provided, That the Director of the United States Secret Service may enter into agreements to provide such protection on a fully reimbursable basis. SEC. 104. Notwithstanding section 608 of this Act, up to $15,000,000 may be reprogrammed within "United States Secret Service-Operations and Support". SEC. 105. Funding made available in this Act for "United States Secret Service-Operations and Support" is available for travel of United States Secret Service employees on protective missions without regard to the limitations on such expenditures in this or any other Act if the Director of the United States Secret Service or a designee notifies the Committees on Appropriations of the Senate and the House of Representatives 10 or more days in advance, or as early as practicable, prior to such expenditures. SEC. 106. None of the funds made available by this Act for "United States Secret Service-Operations and Support" shall be available to compensate any employee for overtime in an annual amount in excess of $45,000, except that the Secretary of the Treasury, or the designee of the Secretary, may waive such amount as necessary for national security purposes.

Comptroller of the Currency

Trust Funds

Assessment Funds

Program and Financing (in millions of dollars)


Identification code 020–8413–0–8–373 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0881 Bank Supervision 1,053 1,103 1,103

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 1,542 1,660 1,632
Budget authority:
Spending authority from offsetting collections, mandatory:
1800 Collected 1,170 1,075 1,075
1801 Change in uncollected payments, Federal sources 1



1850 Spending auth from offsetting collections, mand (total) 1,171 1,075 1,075
1930 Total budgetary resources available 2,713 2,735 2,707
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 1,660 1,632 1,604

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 294 308 346
3010 New obligations, unexpired accounts 1,053 1,103 1,103
3020 Outlays (gross) –1,039 –1,065 –1,065



3050 Unpaid obligations, end of year 308 346 384
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –7 –8 –8
3070 Change in uncollected pymts, Fed sources, unexpired –1



3090 Uncollected pymts, Fed sources, end of year –8 –8 –8
Memorandum (non-add) entries:
3100 Obligated balance, start of year 287 300 338
3200 Obligated balance, end of year 300 338 376

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 1,171 1,075 1,075
Outlays, gross:
4100 Outlays from new mandatory authority 366 383 383
4101 Outlays from mandatory balances 673 682 682



4110 Outlays, gross (total) 1,039 1,065 1,065
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120 Federal sources –17 –13 –13
4121 Interest on Federal securities –31 –26 –26
4123 Non-Federal sources –1,122 –1,036 –1,036



4130 Offsets against gross budget authority and outlays (total) –1,170 –1,075 –1,075
Additional offsets against gross budget authority only:
4140 Change in uncollected pymts, Fed sources, unexpired –1
4170 Outlays, net (mandatory) –131 –10 –10
4180 Budget authority, net (total)
4190 Outlays, net (total) –131 –10 –10

Memorandum (non-add) entries:
5000 Total investments, SOY: Federal securities: Par value 1,837 1,971 1,981
5001 Total investments, EOY: Federal securities: Par value 1,971 1,981 1,991

The Office of the Comptroller of the Currency (OCC) was created by Congress to charter national banks; oversee a nationwide system of banking institutions; and ensure national banks are safe and sound, competitive and profitable, and capable of serving in the best possible manner the banking needs of their customers. The National Currency Act of 1863 (12 U.S.C. 1 et seq., 12 Stat. 665), rewritten and reenacted as the National Bank Act of 1864, provided for the chartering and supervising functions of the OCC. Income of the OCC is derived principally from assessments paid by national banks and interest on investments in U.S. Government securities. The OCC receives no appropriated funds from Congress.

As of September 30, 2019, the OCC supervised 840 national bank charters, 57 Federal branches of foreign banks, and 303 Federal savings associations. In total, the OCC supervises approximately $12.8 trillion in financial institution assets.

At September 30, 2019, the net position of the OCC was $1.537 billion. The OCC allocates a significant portion of the net position to its financial reserves to cover undelivered orders and capital investments. Financial reserves are integral to the effective stewardship of the OCCs resources, and the OCC has a disciplined process for reviewing its reserve balances and allocating funds appropriately to support its ability to accomplish the agency's mission. The OCCs financial reserves are available to reduce the impact on the OCCs operations in the event of a significant fluctuation in revenues or expenses. In 2018, the OCC established a new receivership contingency fund of $86.6 million within its financial reserves to facilitate the conduct of receiverships of uninsured federal branches or agencies of a foreign banking organization. In 2017, the OCC established a contingency of $100 million within its reserves to act as receiver of those national trust banks which are not FDIC-insured.

Object Classification (in millions of dollars)


Identification code 020–8413–0–8–373 2019 actual 2020 est. 2021 est.

Reimbursable obligations:
Personnel compensation:
11.1 Full-time permanent 543 543 543
11.3 Other than full-time permanent 5 4 4
11.5 Other personnel compensation 3 2 2



11.9 Total personnel compensation 551 549 549
12.1 Civilian personnel benefits 238 269 269
13.0 Benefits for former personnel 1
21.0 Travel and transportation of persons 43 44 44
22.0 Transportation of things 1 1 1
23.2 Rental payments to others 64 67 67
23.3 Communications, utilities, and miscellaneous charges 15 17 17
24.0 Printing and reproduction 1
25.1 Advisory and assistance services 16 18 18
25.2 Other services from non-Federal sources 23 32 32
25.3 Other goods and services from Federal sources 9 9 9
25.4 Operation and maintenance of facilities 5 6 6
25.7 Operation and maintenance of equipment 58 64 64
26.0 Supplies and materials 4 6 6
31.0 Equipment 22 20 20
32.0 Land and structures 1 1 1
42.0 Insurance claims and indemnities 1



99.0 Reimbursable obligations 1,053 1,103 1,103



99.9 Total new obligations, unexpired accounts 1,053 1,103 1,103

Employment Summary


Identification code 020–8413–0–8–373 2019 actual 2020 est. 2021 est.

2001 Reimbursable civilian full-time equivalent employment 3,687 3,589 3,589

Interest on the Public Debt

Federal Funds

Interest on Treasury Debt Securities (gross)

Program and Financing (in millions of dollars)


Identification code 020–0550–0–1–901 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Interest on Treasury Debt Securities 572,913 576,463 576,286



0900 Total new obligations, unexpired accounts (object class 43.0) 572,913 576,463 576,286

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 572,913 576,463 576,286
1930 Total budgetary resources available 572,913 576,463 576,286

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 572,913 576,463 576,286
3020 Outlays (gross) –572,913 –576,463 –576,286

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 572,913 576,463 576,286
Outlays, gross:
4100 Outlays from new mandatory authority 572,913 576,463 576,286
4180 Budget authority, net (total) 572,913 576,463 576,286
4190 Outlays, net (total) 572,913 576,463 576,286

Such amounts are appropriated as may be necessary to pay the interest each year on the public debt (31 U.S.C. 1305, 3123). Interest on Government account series securities is generally calculated on a cash basis. Interest is generally calculated on an accrual basis for all other types of securities.

Interest on Treasury Debt Securities (gross)

(Legislative proposal, not subject to PAYGO)

Program and Financing (in millions of dollars)


Identification code 020–0550–2–1–901 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Interest on Treasury Debt Securities 247



0900 Total new obligations, unexpired accounts (object class 43.0) 247

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 247
1930 Total budgetary resources available 247

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 247
4180 Budget authority, net (total) 247
4190 Outlays, net (total) 247

Interest on Treasury Debt Securities (gross)

(Legislative proposal, subject to PAYGO)

Program and Financing (in millions of dollars)


Identification code 020–0550–4–1–901 2019 actual 2020 est. 2021 est.

Obligations by program activity:
0001 Interest on Treasury Debt Securities 2 –751



0900 Total new obligations, unexpired accounts (object class 43.0) 2 –751

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 2 –751
1930 Total budgetary resources available 2 –751

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 2 –751
3020 Outlays (gross) –2 751

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 2 –751
Outlays, gross:
4100 Outlays from new mandatory authority 2 –751
4180 Budget authority, net (total) 2 –751
4190 Outlays, net (total) 2 –751

General and Administrative Provisions

GENERAL FUND RECEIPT ACCOUNTS

(in millions of dollars)


2019 actual 2020 est. 2021 est.

Governmental receipts:
010–086400 Filing Fees, P.L. 109–171, Title X 56 56 56
020–015800 Transportation Fuels Tax –3,623 –10,995 –4,275
020–065000 Deposit of Earnings, Federal Reserve System 52,793 72,681 70,704
020–065000 Deposit of Earnings, Federal Reserve System: Legislative proposal, subject to PAYGO 110
020–085000 Registration, Filing, and Transaction Fees 5 5 5
345–086900 Fees for Legal and Judicial Services, not Otherwise Classified 47 47 47
096–089100 Miscellaneous Fees for Regulatory and Judicial Services, not Otherwise Classified 597 564 564
020–101000 Fines, Penalties, and Forfeitures, Agricultural Laws 4 4 4
021–103000 Fines, Penalties, and Forfeitures, Immigration and Labor Laws 196 183 183
021–103000 Fines, Penalties, and Forfeitures, Immigration and Labor Laws: Legislative proposal, subject to PAYGO 13
034–104000 Fines, Penalties, and Forfeitures, Customs, Commerce, and Antitrust Laws 1,790 5,935 5,935
020–105000 Fines, Penalties, and Forfeitures, Narcotic Prohibition and Alcohol Laws 30 23 23
096–106000 Forfeitures of Unclaimed Money and Property 16 19 19
010–108000 Fines, Penalties, and Forfeitures, Federal Coal Mine Health and Safety Laws 48 47 47
020–109600 Penalties on Employers Who Do not Offer Health Coverage or Delay Eligibility for New Employees 757 1,386
020–241100 User Fees for IRS 3 3 3
020–249200 Premiums, Terrorism Risk Insurance Program 38
020–309400 Recovery from Airport and Airway Trust Fund for Refunds of Taxes 16 19 19
020–309500 Recovery from Leaking Underground Storage Tank Trust Fund for Refunds of Taxes, EPA 6 6
020–309990 Refunds of Moneys Erroneously Received and Recovered (20X1807) –35 –35 –35
050–085015 Registration, Filing, and Transaction Fees, SEC 530 700 716
220–109900 Fines, Penalties, and Forfeitures, not Otherwise Classified 3,126 4,830 4,830
901–011050 Individual Income Taxes 1,717,735 1,811,837 1,928,630
901–011050 Individual Income Taxes: Legislative proposal, not subject to PAYGO 264
901–011050 Individual Income Taxes: Legislative proposal, subject to PAYGO –9 2,572
999–011100 Corporation Income and Excess Profits Taxes 230,245 263,669 284,395
999–011100 Corporation Income and Excess Profits Taxes: Legislative proposal, not subject to PAYGO 45
999–011100 Corporation Income and Excess Profits Taxes: Legislative proposal, subject to PAYGO –27 –347
901–015250 Other Federal Fund Excise Taxes 4,848 1,792 1,831
999–015300 Estate and Gift Taxes 16,672 20,389 21,641
901–015500 Tobacco Excise Tax 12,457 12,333 11,860
901–015600 Alcohol Excise Tax 9,992 9,670 10,055
901–015700 Telephone Excise Tax 436 387 342
901–015913 Fee on Health Insurance Providers 9,590 15,398
901–015914 Tax on Indoor Tanning Services 69 65 63
901–015915 Excise Tax on Medical Device Manufacturers –64
901–031050 Other Federal Fund Customs Duties 47,591 62,856 35,843
General Fund Governmental receipts 2,105,170 2,273,209 2,377,592

Offsetting receipts from the public:
020–129900 Gifts to the United States, not Otherwise Classified 1 1 1
020–143500 General Fund Proprietary Interest Receipts, not Otherwise Classified 4 4 4
020–145000 Interest Payments from States, Cash Management Improvement 31 32 32
020–146310 Interest on Quota in International Monetary Fund 174 174 174
020–146320 Interest on Loans to International Monetary Fund 37 37 37
020–149900 Interest Received from Credit Financing Accounts 43,249 53,488 53,505
020–168200 Gain by Exchange on Foreign Currency Denominated Public Debt Securities 29
020–248500 GSE Fees Pursuant to P.L. 112–78 Sec. 401 3,903 4,262 4,548
020–248500 GSE Fees Pursuant to P.L. 112–78 Sec. 401: Legislative proposal, subject to PAYGO 202
020–267710 Community Development Financial Institutions Fund, Negative Subsidies 10
020–276330 Community Development Financial Institutions Fund, Downward Re-estimate of Subsidies 10 14
020–279030 GSE Mortgage-backed Securities Direct Loans, Downward Reestimates of Subsidies 7 18
020–279230 Troubled Asset Relief Program, Downward Reestimates of Subsidies 27 74
020–289400 Proceeds, GSE Equity Related Transactions 15,279 2,638
020–289400 Proceeds, GSE Equity Related Transactions: Legislative proposal, not subject to PAYGO 251
020–322000 All Other General Fund Proprietary Receipts 433 448 448
020–387500 Budget Clearing Account (suspense) 63
086–289100 Proceeds, Grants for Emergency Mortgage Relief Derived from Emergency Homeowners' Relief Fund 1 1 1
General Fund Offsetting receipts from the public 63,258 58,553 61,841

Intragovernmental payments:
089–142400 Interest on Investment, Colorado River Projects 3 3
020–133800 Interest on Loans to the Presidio 2 2 2
020–135100 Interest on Loans to BPA 355 239 196
020–136000 Interest on Loans to Western Area Power Administration 2 2 2
020–136300 Interest on Loans for College Housing and Academic Facilities Loans, Education 1 1 1
020–140100 Interest on Loans to Commodity Credit Corporation 358 470 325
020–141500 Interest on Loans to Federal Deposit Insurance Corporation 14 58
020–141800 Interest on Loans to Federal Financing Bank 1,839 1,865 1,928
020–143300 Interest on Loans to National Flood Insurance Fund, DHS 415 442 440
020–149500 Interest Payments on Repayable Advances to the Black Lung Disability Trust Fund 113 120 157
020–149700 Payment of Interest on Advances to the Railroad Retirement Board 110 121 109
020–150110 Interest on Loans or Advances to the Extended Unemployment Compensation Account 3
020–241600 Charges for Administrative Expenses of Social Security Act As Amended 782 697 724
020–310100 Recoveries from Federal Agencies for Settlement of Claims for Contract Disputes 100 158 107
020–311200 Reimbursement from Federal Agencies for Payments Made As a Result of Discriminatory Conduct 15 19 13
020–320000 Receivables from Cancelled Accounts 1 1 1
020–388500 Undistributed Intragovernmental Payments and Receivables from Cancelled Accounts 11
073–142800 Interest on Advances to Small Business Administration 1



General Fund Intragovernmental payments 4,108 4,154 4,066

ADMINISTRATIVE PROVISIONS—DEPARTMENT OF THE TREASURY

'

(including transfers of funds)

SEC. 111. Appropriations to the Department of the Treasury in this Act shall be available for uniforms or allowances therefor, as authorized by law (5 U.S.C. 5901), including maintenance, repairs, and cleaning; purchase of insurance for official motor vehicles operated in foreign countries; purchase of motor vehicles without regard to the general purchase price limitations for vehicles purchased and used overseas for the current fiscal year; entering into contracts with the Department of State for the furnishing of health and medical services to employees and their dependents serving in foreign countries; and services authorized by 5 U.S.C. 3109.SEC. 112. Not to exceed 2 percent of any appropriations in this title made available under the headings "Departmental Offices-Salaries and Expenses", "Office of Inspector General", "Special Inspector General for the Troubled Asset Relief Program","Financial Crimes Enforcement Network", "Bureau of the Fiscal Service", and "Alcohol and Tobacco Tax and Trade Bureau" may be transferred between such appropriations upon the advance notification of the Committees on Appropriations of the House of Representatives and the Senate: Provided, That no transfer under this section may increase or decrease any such appropriation by more than 2 percent.SEC. 113. Not to exceed 2 percent of any appropriation made available in this Act to the Internal Revenue Service may be transferred to the Treasury Inspector General for Tax Administration's appropriation upon the advance notification of the Committees on Appropriations of the House of Representatives and the Senate: Provided, That no transfer may increase or decrease any such appropriation by more than 2 percent.SEC. 114. None of the funds appropriated in this Act or otherwise available to the Department of the Treasury or the Bureau of Engraving and Printing may be used to redesign the $1 Federal Reserve note.SEC. 115. The Secretary of the Treasury may transfer funds from the "Bureau of the Fiscal Service-Salaries and Expenses" to the Debt Collection Fund as necessary to cover the costs of debt collection: Provided, That such amounts shall be reimbursed to such salaries and expenses account from debt collections received in the Debt Collection Fund.SEC. 116. None of the funds appropriated or otherwise made available by this or any other Act may be used by the United States Mint to construct or operate any museum without the prior notification of the Committees on Appropriations of the House of Representatives and the Senate, the House Committee on Financial Services, and the Senate Committee on Banking, Housing, and Urban Affairs.SEC. 117. None of the funds appropriated or otherwise made available by this or any other Act or source to the Department of the Treasury, the Bureau of Engraving and Printing, and the United States Mint, individually or collectively, may be used to consolidate any or all functions of the Bureau of Engraving and Printing and the United States Mint without the prior notification of the House Committee on Financial Services; the Senate Committee on Banking, Housing, and Urban Affairs; and the Committees on Appropriations of the House of Representatives and the Senate.SEC. 118. Funds appropriated by this Act, or made available by the transfer of funds in this Act, for the Department of the Treasury's intelligence or intelligence related activities are deemed to be specifically authorized by the Congress for purposes of section 504 of the National Security Act of 1947 (50 U.S.C. 414) during fiscal year 2021 until the enactment of the Intelligence Authorization Act for Fiscal Year 2021.SEC. 119. Not to exceed $5,000 shall be made available from the Bureau of Engraving and Printing's Industrial Revolving Fund for necessary official reception and representation expenses.SEC. 120. The Secretary of the Treasury shall submit a Capital Investment Plan to the Committees on Appropriations of the Senate and the House of Representatives not later than 30 days following the submission of the annual budget submitted by the President: Provided, That such Capital Investment Plan shall include capital investment spending from all accounts within the Department of the Treasury, including but not limited to the Treasury Capital Investments and Modernization Fund account, Treasury Franchise Fund account, and the Treasury Forfeiture Fund account: Provided further, That such Capital Investment Plan shall include expenditures occurring in previous fiscal years for each capital investment project that has not been fully completed.SEC. 121. Within 45 days after the date of enactment of this Act, the Secretary of the Treasury shall submit an itemized report to the Committees on Appropriations of the House of Representatives and the Senate on the amount of total funds charged to each office by the Franchise Fund including the amount charged for each service provided by the Franchise Fund to each office, a detailed description of the services, a detailed explanation of how each charge for each service is calculated, and a description of the role customers have in governing in the Franchise Fund.SEC. 122. During fiscal year 2021

(1) none of the funds made available in this or any other Act may be used by the Department of the Treasury, including the Internal Revenue Service, to issue, revise, or finalize any regulation, revenue ruling, or other guidance not limited to a particular taxpayer relating to the standard which is used to determine whether an organization is operated exclusively for the promotion of social welfare for purposes of section 501(c)(4) of the Internal Revenue Code of 1986 (including the proposed regulations published at 78 Fed. Reg. 71535 (November 29, 2013)); and

(2) the standard and definitions as in effect on January 1, 2010, which are used to make such determinations shall apply after the date of the enactment of this Act for purposes of determining status under section 501(c)(4) of such Code of organizations created on, before, or after such date.

SEC. 123.

(a) Not later than 60 days after the end of each quarter, the Office of Financial Research shall submit reports on their activities to the Committees on Appropriations of the House of Representatives and the Senate, the Committee on Financial Services of the House of Representatives and the Senate Committee on Banking, Housing, and Urban Affairs.

(b) The reports required under subsection (a) shall include—

(1) the obligations made during the previous quarter by object class, office, and activity;

(2) the estimated obligations for the remainder of the fiscal year by object class, office, and activity;

(3) the number of full-time equivalents within each office during the previous quarter;

(4) the estimated number of full-time equivalents within each office for the remainder of the fiscal year; and

(5) actions taken to achieve the goals, objectives, and performance measures of each office.

(c) At the request of any such Committees specified in subsection (a), the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).

SEC. 124. Notwithstanding paragraph (2) of section 402(c) of the Helping Families Save Their Homes Act of 2009, in utilizing funds made available by paragraph (1) of section 402(c) of such Act, the Special Inspector General for the Troubled Asset Relief Program shall prioritize the performance of audits or investigations of any program that is funded in whole or in part by funds appropriated under the Emergency Economic Stabilization Act of 2008, to the extent that such priority is consistent with other aspects of the mission of the Special Inspector General. SEC. 125. Not to exceed 5 percent of any appropriation made available for the current fiscal year for the Department of the Treasury by this Act and unobligated balances of expired discretionary funds appropriated from the General Fund to the Department of the Treasury by this Act may be transferred (not later than the end of the fifth fiscal year after the last fiscal year for which such funds are available for the purposes for which appropriated) to the Treasury Capital Investments and Modernization Fund: Provided, That any funds so transferred shall remain available for obligation for five fiscal years after the fiscal year of such transfers for modernization of Treasury systems to increase cybersecurity and improve efficiency: Provided further, That funds so transferred shall not be available for obligation until the Secretary submits to the Committees on Appropriations of the House of Representatives and the Senate a spending plan for such funds.

(Department of the Treasury Appropriations Act, 2020.)

TITLE VI—GENERAL PROVISIONS

'

(includingtransferof funds)

SEC. 601. None of the funds in this Act shall be used for the planning or execution of any program to pay the expenses of, or otherwise compensate, non-Federal parties intervening in regulatory or adjudicatory proceedings funded in this Act.SEC. 602. None of the funds appropriated in this Act shall remain available for obligation beyond the current fiscal year, nor may any be transferred to other appropriations, unless expressly so provided herein.SEC. 603. The expenditure of any appropriation under this Act for any consulting service through procurement contract pursuant to 5 U.S.C. 3109, shall be limited to those contracts where such expenditures are a matter of public record and available for public inspection, except where otherwise provided under existing law, or under existing Executive order issued pursuant to existing law.SEC. 604. None of the funds made available by this Act shall be available for any activity or for paying the salary of any Government employee where funding an activity or paying a salary to a Government employee would result in a decision, determination, rule, regulation, or policy that would prohibit the enforcement of section 307 of the Tariff Act of 1930 (19 U.S.C. 1307).SEC. 605. No funds appropriated pursuant to this Act may be expended by an entity unless the entity agrees that in expending the assistance the entity will comply with chapter 83 of title 41, United States Code.SEC. 606. No funds appropriated or otherwise made available under this Act shall be made available to any person or entity that has been convicted of violating chapter 83 of title 41, United States Code.SEC. 607. Except as otherwise specifically provided by law, not to exceed 50 percent of unobligated balances remaining available at the end of fiscal year 2021 from appropriations made available for salaries and expenses for fiscal year 2021 in this Act, shall remain available through September 30, 2022, for each such account for the purposes authorized: Provided, That notice thereof shall be submitted to the Committees on Appropriations of the House of Representatives and the Senate prior to the expenditure of such funds.SEC. 608.

(a) None of the funds made available in this Act may be used by the Executive Office of the President to request—

(1) any official background investigation report on any individual from the Federal Bureau of Investigation; or

(2) a determination with respect to the treatment of an organization as described in section 501(c) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code from the Department of the Treasury or the Internal Revenue Service.

(b) Subsection (a) shall not apply—

(1) in the case of an official background investigation report, if such individual has given express written consent for such request not more than 6 months prior to the date of such request and during the same presidential administration; or

(2) if such request is required due to extraordinary circumstances involving national security.

SEC. 609. The cost accounting standards promulgated under chapter 15 of title 41, United States Code shall not apply with respect to a contract under the Federal Employees Health Benefits Program established under chapter 89 of title 5, United States Code.SEC. 610. For the purpose of resolving litigation and implementing any settlement agreements regarding the nonforeign area cost-of-living allowance program, the Office of Personnel Management may accept and utilize (without regard to any restriction on unanticipated travel expenses imposed in an Appropriations Act) funds made available to the Office of Personnel Management pursuant to court approval.SEC. 611. No funds appropriated by this Act shall be available to pay for an abortion, or the administrative expenses in connection with any health plan under the Federal employees health benefits program which provides any benefits or coverage for abortions.SEC. 612. The provision of section 611 shall not apply where the life of the mother would be endangered if the fetus were carried to term, or the pregnancy is the result of an act of rape or incest.SEC. 613. In order to promote Government access to commercial information technology, the restriction on purchasing nondomestic articles, materials, and supplies set forth in chapter 83 of title 41, United States Code (popularly known as the Buy American Act), shall not apply to the acquisition by the Federal Government of information technology (as defined in section 11101 of title 40, United States Code), that is a commercial item (as defined in section 103 of title 41, United States Code).SEC. 614. Notwithstanding section 1353 of title 31, United States Code, no officer or employee of any regulatory agency or commission funded by this Act may accept on behalf of that agency, nor may such agency or commission accept, payment or reimbursement from a non-Federal entity for travel, subsistence, or related expenses for the purpose of enabling an officer or employee to attend and participate in any meeting or similar function relating to the official duties of the officer or employee when the entity offering payment or reimbursement is a person or entity subject to regulation by such agency or commission, or represents a person or entity subject to regulation by such agency or commission, unless the person or entity is an organization described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from tax under section 501(a) of such Code.SEC. 615. Notwithstanding section 708 of this Act, funds made available to the Commodity Futures Trading Commission and the Securities and Exchange Commission by this or any other Act may be used for the interagency funding and sponsorship of a joint advisory committee to advise on emerging regulatory issues.SEC. 616.

(a)

(1) Notwithstanding any other provision of law, an Executive agency covered by this Act otherwise authorized to enter into contracts for either leases or the construction or alteration of real property for office, meeting, storage, or other space must consult with the General Services Administration before issuing a solicitation for offers of new leases or construction contracts, and in the case of succeeding leases, before entering into negotiations with the current lessor.

(2) Any such agency with authority to enter into an emergency lease may do so during any period declared by the President to require emergency leasing authority with respect to such agency.

(b) For purposes of this section, the term "Executive agency covered by this Act" means any Executive agency provided funds by this Act, but does not include the General Services Administration or the United States Postal Service.

SEC. 617.

(a) There are appropriated for the following activities the amounts required under current law:

(1) Compensation of the President (3 U.S.C. 102).

(2) Payments to—

(A) the Judicial Officers' Retirement Fund (28 U.S.C. 377(o));

(B) the Judicial Survivors' Annuities Fund (28 U.S.C. 376(c)); and

(C) the United States Court of Federal Claims Judges' Retirement Fund (28 U.S.C. 178(l)).

(3) Payment of Government contributions—

(A) with respect to the health benefits of retired employees, as authorized by chapter 89 of title 5, United States Code, and the Retired Federal Employees Health Benefits Act (74 Stat. 849); and

(B) with respect to the life insurance benefits for employees retiring after December 31, 1989 (5 U.S.C. ch. 87).

(4) Payment to finance the unfunded liability of new and increased annuity benefits under the Civil Service Retirement and Disability Fund (5 U.S.C. 8348).

(5) Payment of annuities authorized to be paid from the Civil Service Retirement and Disability Fund by statutory provisions other than subchapter III of chapter 83 or chapter 84 of title 5, United States Code.

(b) Nothing in this section may be construed to exempt any amount appropriated by this section from any otherwise applicable limitation on the use of funds contained in this Act.

SEC. 618. None of the funds made available in this Act may be used by the Federal Trade Commission to complete the draft report entitled "Interagency Working Group on Food Marketed to Children: Preliminary Proposed Nutrition Principles to Guide Industry Self-Regulatory Efforts" unless the Interagency Working Group on Food Marketed to Children complies with Executive Order No. 13563.SEC. 619.

(a) The head of each executive branch agency funded by this Act shall ensure that the Chief Information Officer of the agency has the authority to participate in decisions regarding the budget planning process related to information technology.

(b) Amounts appropriated for any executive branch agency funded by this Act that are available for information technology shall be allocated within the agency, consistent with the provisions of appropriations Acts and budget guidelines and recommendations from the Director of the Office of Management and Budget, in such manner as specified by, or approved by, the Chief Information Officer of the agency in consultation with the Chief Financial Officer of the agency and budget officials.

SEC. 620.

(a) None of the funds made available in this Act may be used to maintain or establish a computer network unless such network blocks the viewing, downloading, and exchanging of pornography.

(b) Nothing in subsection (a) shall limit the use of funds necessary for any Federal, State, tribal, or local law enforcement agency or any other entity carrying out criminal investigations, prosecution, adjudication activities, or other law enforcement- or victim assistance-related activity.

SEC. 621. None of the funds appropriated or other-wise made available by this Act may be used to pay award or incentive fees for contractors whose performance has been judged to be below satisfactory, behind schedule, over budget, or has failed to meet the basic requirements of a contract, unless the Agency determines that any such deviations are due to unforeseeable events, government-driven scope changes, or are not significant within the overall scope of the project and/or program and unless such awards or incentive fees are consistent with 16.401(e)(2) of the Federal Acquisition Regulation.SEC. 622.

(a) None of the funds made available under this Act may be used to pay for travel and conference activities that result in a total cost to an Executive branch department, agency, board or commission funded by this Act of more than $500,000 at any single conference unless the agency or entity determines that such attendance is in the national interest and advance notice is transmitted to the Committees on Appropriations of the House of Representatives and the Senate that includes the basis of that determination.

SEC. 623. None of the funds made available by this Act may be used for first-class or business-class travel by the employees of executive branch agencies funded by this Act in contravention of sections 301–10.122 through 301–10.125 of title 41, Code of Federal Regulations.SEC. 624. None of the funds made available by this Act may be obligated on contracts in excess of $5,000 for public relations, as that term is defined in Office and Management and Budget Circular A-87 (revised May 10, 2004), unless advance notice of such an obligation is transmitted to the Committees on Appropriations of the House of Representatives and the Senate.SEC. 625. Title 44, United States Code, is amended as follows—

(1) in subsection (a)(2) of section 2107, by striking "the head of such agency has certified in writing to the Archivist" and inserting "the Archivist determines, after consulting with the head of such agency,";

(2) in subsection (d) of section 2904, by striking the first instance of "digital or electronic";

(3) in subsection (e) of section 3303a, by striking "the written consent of" and inserting "advance notice to"; and

(4) in section 3308, by striking "empower" and inserting "direct".

SEC. 626.

(a) Upon enactment, the unobligated balances appropriated in prior appropriations Acts for the Public Company Accounting Oversight Board merit scholarship program, as authorized by 15 U.S.C. 7219(c)(2), shall be transferred to the general fund of the Treasury.

(b) Amounts made available for fiscal year 2021 by section 620(b) of division C of Public Law 116–93 for the Public Company Accounting Oversight Board merit scholarship program, as authorized by 15 U.S.C. 7219(c)(2), shall be transferred to the general fund of the Treasury.

(Financial Services and General Government Appropriations Act, 2020.)