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 |
|
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 | ||
|
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 |
|
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 |
|
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 |
|
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 |
|
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.
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 |
|
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 |
|
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 |
|
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 |
|
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.
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
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.
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 |
|
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.
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 |
|
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.
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 |
|
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 |
|
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 |
|
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 |
|
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.
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 |
|
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.
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.
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 |
|
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 |
|
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 | ||
|
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.
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 |
|
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 |
|
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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 |
|
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 |
|
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 |
|
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.
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 |
|
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 |
|
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.
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 |
|
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 |
|
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 |
|
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 |
|
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 |
|
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.
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.
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.
(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.)
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.
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 | ||
|
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 | ||
|
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 | ||
|
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.
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 |
|
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.
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 | ||
|
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 | |
|
(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 | |
|
(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.)
(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.)