Wed July 29th, 2020
Offsetting receipts (removed from estimate); PAYGO est only; "CBO has not completed an estimate of the bill's effects on spending that is subject to appropriation;" "After 2030, additional decreases in offsetting receipts would total about $658 million, CBO estimates."
Sponsor: Rep. Peter DeFazio — D — OR
Authorizes the Army Corps of Engineers to construct projects and conduct feasibility studies to improve navigation and flood management, mitigate storm and hurricane damage, and restore ecosystems. Section 140 would authorize the Corps, at the request of the nonfederal sponsor of a project, to renegotiate deferred payment agreements that meet certain criteria. Section 333 would authorize the Corps to credit to the State of Louisiana the cost of certain work completed by the state for ecosystem restoration and coastal storm risk management.
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