Appendix - Department of the Treasury

For necessary expenses of the Departmental Offices including operation and maintenance of the Treasury Building and [Annex] 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 [Puerto Rico] state and local entities; terrorism and financial intelligence activities; and Treasury-wide management policies and programs activities, [$222,500,000] $334,376,000: Provided, That of the amount appropriated under this heading—

(1) Not less than $117,000,000 is for 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, money launderers, drug kingpins, and other national security threats;

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

([2]3) 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]4) not to exceed [$22,200,000] $22,000,000 shall remain available until September 30, [2017]2018, for—

(C) [the audit, oversight, and administration of the Gulf Coast Restoration Trust Fund; and] support for the Office of Terrorism and Financial Intelligence;

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

Provided further, That, in addition to the amount otherwise made available under this heading, $7,000,000 shall remain available until September 30, 2018, for necessary expenses for carrying out subtitle F of title I of division A of Public Law 112–141, to be derived from the trust fund established under section 1602 of such Public Law, without altering the percentages of funds made available for other purposes from the remaining balance of the trust fund. (Department of the Treasury Appropriations Act, 2016.)


Identification code 020–0101–0–1–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Executive Direction	35	38	38
0002	International Affairs and Economic Policy	57	59	59
0003	Domestic Finance and Tax Policy	77	85	76
0004	Terrorism and Financial Intelligence			117
0005	Treasury-wide Management and Programs	36	41	44

0100	Subtotal, Direct programs	205	223	334

0799	Total direct obligations	205	223	334
0811	Salaries and Expenses (Reimbursable)	123	123	103

0900	Total new obligations	328	346	437

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	18	22	22

1050	Unobligated balance (total)	18	22	22
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	210	223	334
1121	Appropriations transferred from other acct [020–8625]			7

1160	Appropriation, discretionary (total)	210	223	341
	Spending authority from offsetting collections, discretionary:
1700	Collected	76	123	103
1701	Change in uncollected payments, Federal sources	47

1750	Spending auth from offsetting collections, disc (total)	123	123	103
1900	Budget authority (total)	333	346	444
1930	Total budgetary resources available	351	368	466
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1
1941	Unexpired unobligated balance, end of year	22	22	29

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	111	95	38
3010	Obligations incurred, unexpired accounts	328	346	437
3011	Obligations incurred, expired accounts	5
3020	Outlays (gross)	–340	–403	–455
3041	Recoveries of prior year unpaid obligations, expired	–9

3050	Unpaid obligations, end of year	95	38	20
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–49	–61	–61
3070	Change in uncollected pymts, Fed sources, unexpired	–47
3071	Change in uncollected pymts, Fed sources, expired	35

3090	Uncollected pymts, Fed sources, end of year	–61	–61	–61
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	62	34	–23
3200	Obligated balance, end of year	34	–23	–41

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	333	346	444
	Outlays, gross:
4010	Outlays from new discretionary authority	260	317	400
4011	Outlays from discretionary balances	80	86	55

4020	Outlays, gross (total)	340	403	455
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–110	–123	–103
4033	Non-Federal sources	–1

4040	Offsets against gross budget authority and outlays (total)	–111	–123	–103
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–47
4052	Offsetting collections credited to expired accounts	35

4060	Additional offsets against budget authority only (total)	–12

4070	Budget authority, net (discretionary)	210	223	341
4080	Outlays, net (discretionary)	229	280	352
4180	Budget authority, net (total)	210	223	341
4190	Outlays, net (total)	229	280	352

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. The Budget continues to propose to fund the Office of Terrorism and Financial Intelligence within this account.


Identification code 020–0101–0–1–803		2015 actual	2016 est.	2017 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	94	106	156
11.3	Other than full-time permanent	2	2	2
11.5	Other personnel compensation	2	2	3

11.9	Total personnel compensation	98	110	161
12.1	Civilian personnel benefits	28	31	47
21.0	Travel and transportation of persons	4	4	6
23.1	Rental payments to GSA	3	5	5
23.2	Rental payments to others	1	1	1
23.3	Communications, utilities, and miscellaneous charges		6	6
25.1	Advisory and assistance services	18	7	13
25.2	Other services from non-Federal sources	6	4	10
25.3	Other goods and services from Federal sources	38	41	66
25.5	Research and development contracts		2	2
25.7	Operation and maintenance of equipment	2	2	3
26.0	Supplies and materials	5	3	6
31.0	Equipment	4	6	7

99.0	Direct obligations	207	222	333
99.0	Reimbursable obligations	124	123	103
99.5	Adjustment for rounding	–3	1	1

99.9	Total new obligations	328	346	437


Identification code 020–0101–0–1–803		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	771	872	1,290
2001	Reimbursable civilian full-time equivalent employment	197	197	166

[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, money launderers, drug kingpins, and other national security threats, $117,000,000: Provided, That of the amount appropriated under this heading: (1) not to exceed $27,100,000 is available for administrative expenses; and (2) $5,000,000, to remain available until September 30, 2017.] (Department of the Treasury Appropriations Act, 2016.)


Identification code 020–1804–0–1–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Terrorism and Financial Intelligence	112	117
0811	Salaries and Expenses (Reimbursable)	7	7

0900	Total new obligations	119	124

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1		1	1

1050	Unobligated balance (total)		1	1
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	113	117
	Spending authority from offsetting collections, discretionary:
1700	Collected	4	7
1701	Change in uncollected payments, Federal sources	3

1750	Spending auth from offsetting collections, disc (total)	7	7
1900	Budget authority (total)	120	124
1930	Total budgetary resources available	120	125	1
	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		29	21
3010	Obligations incurred, unexpired accounts	119	124
3020	Outlays (gross)	–90	–132	–21

3050	Unpaid obligations, end of year	29	21
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1		–3	–3
3070	Change in uncollected pymts, Fed sources, unexpired	–3

3090	Uncollected pymts, Fed sources, end of year	–3	–3	–3
	Memorandum (non-add) entries:
3100	Obligated balance, start of year		26	18
3200	Obligated balance, end of year	26	18	–3

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	120	124
	Outlays, gross:
4010	Outlays from new discretionary authority	90	103
4011	Outlays from discretionary balances		29	21

4020	Outlays, gross (total)	90	132	21
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–4	–7
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–3

4070	Budget authority, net (discretionary)	113	117
4080	Outlays, net (discretionary)	86	125	21
4180	Budget authority, net (total)	113	117
4190	Outlays, net (total)	86	125	21

In 2015 and 2016, the Office of Terrorism and Financial Intelligence (TFI) was funded under a separate appropriation. The Budget includes TFI activities in the Departmental Offices (DO) Salaries and Expenses appropriation in 2017 to promote efficient budget execution. TFI was funded as part of DO in every year prior to 2015.


Identification code 020–1804–0–1–803		2015 actual	2016 est.	2017 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	39	43
11.5	Other personnel compensation	1	1

11.9	Total personnel compensation	40	44
12.1	Civilian personnel benefits	12	14
21.0	Travel and transportation of persons	2	2
25.1	Advisory and assistance services	13	13
25.2	Other services from non-Federal sources	9	9
25.3	Other goods and services from Federal sources	32	31
26.0	Supplies and materials	2	2
31.0	Equipment	1	1

99.0	Direct obligations	111	116
99.0	Reimbursable obligations	7	7
99.5	Adjustment for rounding	1	1

99.9	Total new obligations	119	124


Identification code 020–1804–0–1–803		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	356	377
2001	Reimbursable civilian full-time equivalent employment	29	29

For salaries and expenses for enhanced cybersecurity for systems operated by the Department of the Treasury, $109,827,000, to remain available until September 30, 2019: Provided, That amounts made available under this heading shall be in addition to other amounts available to Treasury offices and bureaus for cybersecurity: Provided further, That amounts made available under this heading may be obligated and expended through allocation accounts available to individual offices and bureaus.


Identification code 020–1855–0–1–808		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Internal Revenue Service			62
0002	Treasury-wide			48

0900	Total new obligations			110

	Budgetary resources:
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation			110
1930	Total budgetary resources available			110

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			110
3020	Outlays (gross)			–91

3050	Unpaid obligations, end of year			19
	Memorandum (non-add) entries:
3200	Obligated balance, end of year			19

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross			110
	Outlays, gross:
4010	Outlays from new discretionary authority			91
4180	Budget authority, net (total)			110
4190	Outlays, net (total)			91

The Department of the Treasury is of enormous importance to the national and world economy, with trillions of dollars flowing through its information systems—several of which the Administration's Cybersecurity Strategy and Implementation Plan identified as High Value Assets. As a result, Treasury is a constant target for sophisticated threat actors. To protect against these threats in a proactive and strategic way, the Budget proposes the creation of a centralized Cybersecurity Enhancement Account. A team, led by the Deputy Secretary, will centrally manage the account which includes initiatives with Department-wide and Bureau-specific impacts as well as expanding the public-private partnership with the financial services sector. For example, the account proposes Department-wide investments for critical improvements to the Treasury Secure Data Network and Bureau-specific investments for the Internal Revenue Service to bolster network security, protect and safeguard sensitive taxpayer information, and improve fraud detection and prevention. This centralization of funds will allow Treasury to leverage enterprise-wide services and capabilities across the Department.


Identification code 020–1855–0–1–808		2015 actual	2016 est.	2017 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent			10
12.1	Civilian personnel benefits			3
25.1	Advisory and assistance services			14
25.2	Other services from non-Federal sources			33
25.3	Other goods and services from Federal sources			6
31.0	Equipment			42

99.0	Direct obligations			108
99.5	Adjustment for rounding			2

99.9	Total new obligations			110


Identification code 020–1855–0–1–808		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment			86

For development and acquisition of automatic data processing equipment, software, and services and for repairs and renovations to buildings owned by the Department of the Treasury, $5,000,000, to remain available until September 30, [2018] 2019: Provided, That these funds shall 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 this transfer authority shall be in addition to any other transfer authority provided in this Act [: Provided further, That none of the funds appropriated under this heading shall be used to support or supplement "Internal Revenue Service, Operations Support" or "Internal Revenue Service, Business Systems Modernization"]. (Department of the Treasury Appropriations Act, 2016.)


Identification code 020–0115–0–1–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Department-wide Systems and Capital Investments Programs (Direct)	1	5	5

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	2	4	4

1050	Unobligated balance (total)	2	4	4
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	3	5	5
1930	Total budgetary resources available	5	9	9
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	4	4	4

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	3	2	4
3010	Obligations incurred, unexpired accounts	1	5	5
3020	Outlays (gross)	–2	–3	–3

3050	Unpaid obligations, end of year	2	4	6
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	3	2	4
3200	Obligated balance, end of year	2	4	6

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	3	5	5
	Outlays, gross:
4010	Outlays from new discretionary authority		2	2
4011	Outlays from discretionary balances	2	1	1

4020	Outlays, gross (total)	2	3	3
4180	Budget authority, net (total)	3	5	5
4190	Outlays, net (total)	2	3	3

This account is authorized to be used by Treasury's offices and bureaus to modernize business processes and increase efficiency through technology and infrastructure investments.


Identification code 020–0115–0–1–803		2015 actual	2016 est.	2017 est.

	Direct obligations:
25.1	Advisory and assistance services		1
25.2	Other services from non-Federal sources	1	1	3
25.7	Operation and maintenance of equipment		1
31.0	Equipment		1
32.0	Land and structures		1	2

99.0	Direct obligations	1	5	5

99.9	Total new obligations	1	5	5

The Budget proposes a $300 million one-time mandatory appropriation for a new Pay for Success (PFS) program in the Department of the Treasury. This program will support the growing number of state and local governments seeking to establish PFS projects that leverage private investment to provide preventive social services that measurably improve outcomes for families and communities while generating value to the Government, including savings. The program's focus on measurable outcomes will encourage innovation and accelerate the use of evidence-based approaches. The program will provide credit enhancements and results-based payments to eligible intermediaries, including state and local governments. This support will enable state and local governments to attract additional investment in services that result in Federal, state, and local government savings and will lower and share the risk associated with initial private investments. The PFS Incentive Fund will help to strengthen the ability of state and local governments, and it will support the evolution of this nascent field into a more robust and sustainable public and private market.


Identification code 020–0113–4–1–808		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Pay for Success Programs			26
0002	Administrative Functions			3

0900	Total new obligations			29

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			300
1930	Total budgetary resources available			300
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year			271

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			29
3020	Outlays (gross)			–29

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			300
	Outlays, gross:
4100	Outlays from new mandatory authority			29
4180	Budget authority, net (total)			300
4190	Outlays, net (total)			29


Identification code 020–0113–4–1–808		2015 actual	2016 est.	2017 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent			1
25.2	Other services from non-Federal sources			1
25.3	Other goods and services from Federal sources			1
41.0	Grants, subsidies, and contributions			26

99.9	Total new obligations			29


Identification code 020–0113–4–1–808		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment			7

The Budget proposes to establish a new Federal credit program within the Department of the Treasury that would provide direct loans to U.S. infrastructure projects developed through a public-private partnership (P3). The program seeks to reduce the financing cost gap between P3s and traditional procurement, which will level the playing field for P3s and encourage the public sector, including state and local governments, to evaluate the merits of P3s for a given project.

While P3s are not a solution to the Nation's overall infrastructure funding needs, which continue to deserve greater Federal investment, they may generate certain public benefits. P3s are a financing and procurement tool that, in some circumstances, can accelerate the delivery of complex projects, leverage the resources and expertise of the private sector, mitigate construction and operational risks to the public sector, and reduce the likelihood of deferred maintenance on a project.

Eligible projects under the program will encompass the transportation, water, energy, and broadband sectors, as well as certain social infrastructure, such as educational facilities. The Budget estimates that the FAIR program will provide $15 billion in direct loans with no taxpayer subsidy from 2018 to 2026. Administrative costs for the program are estimated to be $2 million annually from 2017 to 2026.


Identification code 020–0147–4–1–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
	Credit program obligations:
0709	Administrative expenses			2

0791	Direct program activities, subtotal			2

0900	Total new obligations			2

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

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

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

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


Identification code 020–0147–4–1–376		2015 actual	2016 est.	2017 est.

	Administrative expense data:
3510	Budget authority			2
3590	Outlays from new authority			2


Identification code 020–0147–4–1–376		2015 actual	2016 est.	2017 est.

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

99.0	Direct obligations			1
99.5	Adjustment for rounding			1

99.9	Total new obligations			2


Identification code 020–0147–4–1–376		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment			11

For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, [$35,416,000] $37,044,000, 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, [2017] 2018, 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, 2016.)


Identification code 020–0106–0–1–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Audits	29	28	30
0002	Investigations	6	7	7

0799	Total direct obligations	35	35	37
0801	Office of Inspector General (Reimbursable)	7	13	11

0900	Total new obligations	42	48	48

	Budgetary resources:
	Unobligated balance:
1012	Unobligated balance transfers between expired and unexpired accounts	1

1050	Unobligated balance (total)	1
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	35	35	37
	Spending authority from offsetting collections, discretionary:
1700	Collected	2	13	11
1701	Change in uncollected payments, Federal sources	5

1750	Spending auth from offsetting collections, disc (total)	7	13	11
1900	Budget authority (total)	42	48	48
1930	Total budgetary resources available	43	48	48
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	11	15	16
3010	Obligations incurred, unexpired accounts	42	48	48
3011	Obligations incurred, expired accounts	1
3020	Outlays (gross)	–38	–47	–42
3041	Recoveries of prior year unpaid obligations, expired	–1

3050	Unpaid obligations, end of year	15	16	22
	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	10	11
3200	Obligated balance, end of year	10	11	17

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	42	48	48
	Outlays, gross:
4010	Outlays from new discretionary authority	30	31	32
4011	Outlays from discretionary balances	8	16	10

4020	Outlays, gross (total)	38	47	42
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–7	–13	–11
	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)	35	35	37
4080	Outlays, net (discretionary)	31	34	31
4180	Budget authority, net (total)	35	35	37
4190	Outlays, net (total)	31	34	31

The Office of Inspector General (OIG) conducts audits, investigations, and reviews designed to: (1) promote integrity, efficiency, and effectiveness in programs and operations within the Department and across the OIG's jurisdiction; and (2) keep the Secretary and the Congress fully and currently informed of problems and deficiencies in the administration of Departmental programs and operations. The OIG conducts audits, investigations, and reviews 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. Additionally, the Treasury Inspector General functions as the Chair of the Council of Inspectors General on Financial Oversight. Finally, the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act (RESTORE Act) tasked the OIG with providing oversight of all projects, programs, and operations of the Gulf Coast Restoration Trust Fund.

The 2017 request for the OIG will be used to fund critical audit, investigative, and other mission support activities to meet the requirements of the Inspector General Act, and a number of other statutes including, but not limited to, the Dodd-Frank Wall Street Reform and Consumer Protection Act, Federal Information Security Management Act (FISMA), Government Management Reform Act, Improper Payments Elimination and Recovery Act, Digital Accountability and Transparency Act of 2014, Federal Deposit Insurance Act, Small Business Jobs Act of 2010, and the RESTORE Act. Specific mandates include audits of the Department's financial statements, the Department's compliance with FISMA, and failed insured depository institutions regulated by Treasury. With the resources available after mandated requirements are met, the OIG will conduct audits and reviews of the Department's highest risk programs and operations such as: (1) cybersecurity threats; (2) management of Treasury's authorities intended to support and improve the economy; (3) efforts to promote spending transparency and to prevent and detect improper payments; (4) anti-money laundering and terrorist financing/Bank Secrecy Act Enforcement; and (5) Gulf Coast Restoration Trust Fund Administration. The OIG will also respond to stakeholder requests for specific work as appropriate.

The Office of Audit expects to complete 100 percent of statutory audits by the required deadline and to complete 86 audit products in 2017. The Office will continue to provide oversight, on a reimbursable basis, of the Small Business Lending Fund and the State Small Business Credit Initiative. The programs were created by the Small Business Jobs Act of 2010 and assigned to the Department of the Treasury for management and execution.

In 2017, the OIG Office of Investigations will continue to investigate all reports of fraud, waste, and abuse and other criminal activity, such as financial programs where fraud and other crimes are involved in the issuance of licenses or benefits to citizens, and will conduct proactive efforts to detect, investigate, and deter electronic crimes and other threats to Treasury's physical and IT critical infrastructure. The Office of Investigations will continue current efforts to aggressively investigate, close, and refer cases for criminal prosecution, civil litigation, or corrective administrative action in a timely manner.


Identification code 020–0106–0–1–803		2015 actual	2016 est.	2017 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	16	20	20
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	17	21	21
12.1	Civilian personnel benefits	6	6	6
21.0	Travel and transportation of persons	1	1	1
23.1	Rental payments to GSA	2	1	1
25.2	Other services from non-Federal sources	3	3	5
25.3	Other goods and services from Federal sources	2	2	2
31.0	Equipment	1	1	1

99.0	Direct obligations	32	35	37
99.0	Reimbursable obligations	9	12	10
99.5	Adjustment for rounding	1	1	1

99.9	Total new obligations	42	48	48


Identification code 020–0106–0–1–803		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	151	194	194
2001	Reimbursable civilian full-time equivalent employment	10	19	19

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; [$167,275,000] $169,634,000, of which $5,000,000 shall remain available until September 30, [2017] 2018; 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, 2016.)


Identification code 020–0119–0–1–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Audit	57	65	66
0002	Investigations	101	102	103

0799	Total direct obligations	158	167	169
0801	Treasury Inspector General for Tax Administration (Reimbursable)	2	2	2

0900	Total new obligations	160	169	171

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	5	4	3
1012	Unobligated balance transfers between expired and unexpired accounts	1

1050	Unobligated balance (total)	6	4	3
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	158	167	170
	Spending authority from offsetting collections, discretionary:
1700	Collected	1	1	1
1701	Change in uncollected payments, Federal sources	–1

1750	Spending auth from offsetting collections, disc (total)		1	1
1900	Budget authority (total)	158	168	171
1930	Total budgetary resources available	164	172	174
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	4	3	3

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	13	14	15
3010	Obligations incurred, unexpired accounts	160	169	171
3020	Outlays (gross)	–157	–168	–170
3041	Recoveries of prior year unpaid obligations, expired	–2

3050	Unpaid obligations, end of year	14	15	16
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–1
3070	Change in uncollected pymts, Fed sources, unexpired	1
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	12	14	15
3200	Obligated balance, end of year	14	15	16

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	158	168	171
	Outlays, gross:
4010	Outlays from new discretionary authority	144	155	157
4011	Outlays from discretionary balances	13	13	13

4020	Outlays, gross (total)	157	168	170
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–1	–1	–1
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	1

4070	Budget authority, net (discretionary)	158	167	170
4080	Outlays, net (discretionary)	156	167	169
4180	Budget authority, net (total)	158	167	170
4190	Outlays, net (total)	156	167	169

The Treasury Inspector General for Tax Administration (TIGTA) conducts independent audits, investigations, and inspections and evaluations of Treasury Department matters relating to the Internal Revenue Service (IRS), the IRS Oversight Board, and the IRS Office of Chief Counsel. TIGTA's oversight helps ensure that the IRS accomplishes its mission; improves its programs and operations; promotes economy, efficiency, and effectiveness; and prevents and detects fraud, waste, and abuse. TIGTA also continues to play a key role in ensuring the provisions of the Affordable Care Act are implemented and administered in accordance with the law and the intent of Congress.

In 2017, TIGTA's Office of Investigations will concentrate on three core areas: (1) employee integrity; (2) employee and infrastructure security; and (3) external attempts to corrupt tax administration. As the principal law enforcement agency responsible for protecting the integrity of tax administration, Investigations seeks to protect the IRS's ability to process approximately 242 million tax returns and collect over $3.1 trillion in annual revenue for the Federal Government by investigating IRS employee misconduct and criminal activity, threats to IRS employees and facilities, and attempts to impede with the IRS's collection efforts.

In 2017, TIGTA's Office of Audit (OA) will focus on the major management and performance challenges and key issues confronting the IRS by balancing 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 computer security, taxpayer privacy and rights, and financial management. The remaining balance of TIGTA's audit work will focus on high-risk tax administration areas and the IRS's progress in achieving its strategic goals. Audits will address areas of concern to Congress, the Secretary of the Treasury, and the IRS Commissioner. OA's 2015 highlights include issuing 92 audit reports, and approximately $26.6 billion in potential financial benefits.

In 2017, TIGTA's Office of Inspections and Evaluations (I&E) will conduct strategic reviews targeting specific tax administration problems. I&E provides responsive, timely, and cost-effective inspections and evaluations of challenging areas in IRS programs. I&E's oversight activities include inspecting IRS's compliance with established system controls and operating procedures and evaluating IRS operations for high-risk systemic inefficiencies.


Identification code 020–0119–0–1–803		2015 actual	2016 est.	2017 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	81	91	92
11.5	Other personnel compensation	8	8	8

11.9	Total personnel compensation	89	99	100
12.1	Civilian personnel benefits	33	34	35
21.0	Travel and transportation of persons	4	4	4
23.1	Rental payments to GSA	9	9	9
23.3	Communications, utilities, and miscellaneous charges	1	2	2
25.1	Advisory and assistance services	2	1	1
25.2	Other services from non-Federal sources	1	1	1
25.3	Other goods and services from Federal sources	10	8	8
25.7	Operation and maintenance of equipment	2	1	1
26.0	Supplies and materials	1	1	1
31.0	Equipment	5	6	6

99.0	Direct obligations	157	166	168
99.0	Reimbursable obligations	2	2	2
99.5	Adjustment for rounding	1	1	1

99.9	Total new obligations	160	169	171


Identification code 020–0119–0–1–803		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	756	859	859
2001	Reimbursable civilian full-time equivalent employment	2	2	2


Identification code 020–0117–0–1–751		2015 actual	2016 est.	2017 est.

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1	1	1

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
4180	Budget authority, net (total)
4190	Outlays, net (total)

Most of the balances in this account were transferred to the Department of Homeland Security in accordance with the Homeland Security Act of 2002 (P.L. 107–296). The remaining resources were used to fund projects related to domestic and international terrorism. This schedule reflects remaining balances in the account.


Identification code 020–0123–0–1–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Base Administrative Expenses	1	3	3
0003	Projected Payments to Insurers		85	230

0900	Total new obligations	1	88	233

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1		1	1
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2	88	233
1930	Total budgetary resources available	2	89	234
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1	1	1

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	1	88	233
3020	Outlays (gross)	–1	–88	–233

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	2	88	233
	Outlays, gross:
4100	Outlays from new mandatory authority	1	85	233
4101	Outlays from mandatory balances		3

4110	Outlays, gross (total)	1	88	233
4180	Budget authority, net (total)	2	88	233
4190	Outlays, net (total)	1	88	233

The Terrorism Risk Insurance Program Reauthorization Act of 2015 (P.L. 114–1) reauthorized and revised the program established by the Terrorism Risk Insurance Act (TRIA) of 2002 (P.L. 107–297). The 2015 Act extended the Terrorism Risk Insurance Program for six years, through December 31, 2020, and made several program changes to reduce the potential costs associated with Federal payments of terrorism risk insurance losses under the Program. The Budget baseline includes the estimated Federal cost of providing payments in connection with terrorism risk insurance losses, reflecting the Program changes under the 2015 TRIA extension. While the Budget does not forecast any specific act of terrorism, on a probabilistic basis and using market data, the Budget baseline projects net spending of $0.233 billion for 2017, $1.404 billion over the 2017–2021 period, and $1.183 billion over the 2017–2026 period.


Identification code 020–0123–0–1–376		2015 actual	2016 est.	2017 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	1	2	2
25.2	Other services from non-Federal sources		1	1
42.0	Insurance claims and indemnities		85	230

99.0	Direct obligations	1	88	233

99.9	Total new obligations	1	88	233


Identification code 020–0123–0–1–376		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	4	10	10

Of the unobligated balances available under this heading, [$700,000,000] $657,000,000 are [rescinded] hereby permanently cancelled not later than September 30, 2017. (Department of the Treasury Appropriations Act, 2016.)


Identification code 020–5697–0–2–751		2015 actual	2016 est.	2017 est.

0100	Balance, start of year	962	1,344	997
	Receipts:
	Current law:
1110	Forfeited Cash and Proceeds from Sale of Forfeited Property, Treasury Forfeiture Fund	4,633	470	413
1140	Earnings on Investments, Treasury Forfeiture Fund	1	1	1

1199	Total current law receipts	4,634	471	414

1999	Total receipts	4,634	471	414

2000	Total: Balances and receipts	5,596	1,815	1,411
	Appropriations:
	Current law:
2101	Treasury Forfeiture Fund	–4,634	–487	–414
2103	Treasury Forfeiture Fund	–961	–1,343	–973
2132	Treasury Forfeiture Fund	1,343	876
2132	Treasury Forfeiture Fund		97
2134	Treasury Forfeiture Fund		39

2199	Total current law appropriations	–4,252	–818	–1,387

2999	Total appropriations	–4,252	–818	–1,387

5099	Balance, end of year	1,344	997	24


Identification code 020–5697–0–2–751		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Asset forfeiture fund	4,324	547	480

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	144	98	158
1021	Recoveries of prior year unpaid obligations	26	3,589	30

1050	Unobligated balance (total)	170	3,687	188
	Budget authority:
	Appropriations, discretionary:
1130	Appropriations permanently reduced			–657
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	4,634	487	414
1203	Appropriation (previously unavailable)	961	1,343	973
1230	Appropriations and/or unobligated balance of appropriations permanently reduced		–3,800
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–1,343	–876
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced		–97
1234	Appropriations precluded from obligation		–39

1260	Appropriations, mandatory (total)	4,252	–2,982	1,387
1900	Budget authority (total)	4,252	–2,982	730
1930	Total budgetary resources available	4,422	705	918
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	98	158	438

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	983	4,779	717
3010	Obligations incurred, unexpired accounts	4,324	547	480
3020	Outlays (gross)	–502	–1,020	–875
3040	Recoveries of prior year unpaid obligations, unexpired	–26	–3,589	–30

3050	Unpaid obligations, end of year	4,779	717	292
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	983	4,779	717
3200	Obligated balance, end of year	4,779	717	292

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross			–657
	Outlays, gross:
4010	Outlays from new discretionary authority			–328
	Mandatory:
4090	Budget authority, gross	4,252	–2,982	1,387
	Outlays, gross:
4100	Outlays from new mandatory authority	88	410	693
4101	Outlays from mandatory balances	414	610	510

4110	Outlays, gross (total)	502	1,020	1,203
4180	Budget authority, net (total)	4,252	–2,982	730
4190	Outlays, net (total)	502	1,020	875

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	2,059	6,191	2,400
5001	Total investments, EOY: Federal securities: Par value	6,191	2,400	2,400

The mission of the Treasury Forfeiture Fund (Fund) is to influence the consistent and strategic use of asset forfeiture by participating agencies to disrupt and dismantle criminal enterprises. The Fund supports Federal, state, and local law enforcement's use of asset forfeiture to punish 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 and 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. The Budget proposes to permanently cancel $657 million of unobligated balances.


Identification code 020–5697–0–2–751		2015 actual	2016 est.	2017 est.

	Direct obligations:
25.2	Other services from non-Federal sources	53	57	56
25.3	Other goods and services from Federal sources	142	162	162
41.0	Grants, subsidies, and contributions	177	328	262
44.0	Refunds	3,929
94.0	Financial transfers	22

99.0	Direct obligations	4,323	547	480
99.5	Adjustment for rounding	1

99.9	Total new obligations	4,324	547	480


Identification code 020–5590–0–2–376		2015 actual	2016 est.	2017 est.

0100	Balance, start of year	8	7	8
	Receipts:
	Current law:
1110	Fees and Assessments, Financial Research Fund	93	114	123

2000	Total: Balances and receipts	101	121	131
	Appropriations:
	Current law:
2101	Financial Research Fund	–93	–114	–123
2103	Financial Research Fund	–8	–7	–8
2132	Financial Research Fund	7	8

2199	Total current law appropriations	–94	–113	–131

2999	Total appropriations	–94	–113	–131

5099	Balance, end of year	7	8


Identification code 020–5590–0–2–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0002	FSOC	6	8	9
0003	FDIC Payments	8	7	9

0091	FSOC subtotal	14	15	18
0101	OFR	85	99	105

0900	Total new obligations	99	114	123

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	82	80	82
1021	Recoveries of prior year unpaid obligations	3	3	3

1050	Unobligated balance (total)	85	83	85
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	93	114	123
1203	Appropriation (previously unavailable)	8	7	8
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–7	–8

1260	Appropriations, mandatory (total)	94	113	131
1930	Total budgetary resources available	179	196	216
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	80	82	93

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	25	32	23
3010	Obligations incurred, unexpired accounts	99	114	123
3020	Outlays (gross)	–89	–120	–125
3040	Recoveries of prior year unpaid obligations, unexpired	–3	–3	–3

3050	Unpaid obligations, end of year	32	23	18
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	25	32	23
3200	Obligated balance, end of year	32	23	18

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	94	113	131
	Outlays, gross:
4100	Outlays from new mandatory authority	7	27	39
4101	Outlays from mandatory balances	82	93	86

4110	Outlays, gross (total)	89	120	125
4180	Budget authority, net (total)	94	113	131
4190	Outlays, net (total)	89	120	125

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	115	118	118
5001	Total investments, EOY: Federal securities: Par value	118	118	118

The Office of Financial Research (OFR) and the Financial Stability Oversight Council (Council) were established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (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 OFR's public research products include an Annual Report, the OFR Working Papers, Staff Discussion Papers, and Briefs, as well as products for the Council that the Council may make public. These products are made available to the public on the OFR website. The OFR coordinates among the Council member agencies by facilitating data requests, promoting a culture of data sharing, and enhancing the quality, consistency, and usability of financial data available to member agencies. The products and services developed by the OFR are designed to provide both direct monetary and risk-reduction value to constituents.

The Council is comprised of 10 voting members, including all Federal financial regulators, and five non-voting members. The Secretary of the Treasury serves as Chair 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 reimbursements of certain reasonable implementation expenses incurred by the Federal Deposit Insurance Corporation in the development of policies, procedures, rules, and regulations and other planning activities consistent with carrying out Orderly Liquidation Authority provided by Title II of the Act. These expenses are treated as expenses of the Council, and are estimated at $6.6 million in 2016 and $9.5 million in 2017.

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 with total consolidated assets of $50 billion or greater and nonbank financial companies supervised by the Board of Governors. Expenses of the Council are considered expenses of, and are paid by, the OFR. OFR expenses are paid for out of the Financial Research Fund, which was established by the Act and which is managed by the Department of the Treasury. Projected fees and assessments are estimates and may change.


Identification code 020–5590–0–2–376		2015 actual	2016 est.	2017 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	31	34	37
11.3	Other than full-time permanent	1	1	1

11.9	Total personnel compensation	32	35	38
12.1	Civilian personnel benefits	10	12	13
21.0	Travel and transportation of persons		1	1
23.1	Rental payments to GSA	4	4	5
25.1	Advisory and assistance services	9	13	12
25.2	Other services from non-Federal sources	1	2	2
25.3	Other goods and services from Federal sources	25	24	27
26.0	Supplies and materials	8	6	6
31.0	Equipment	9	17	19

99.0	Direct obligations	98	114	123
99.5	Adjustment for rounding	1

99.9	Total new obligations	99	114	123


Identification code 020–5590–0–2–376		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	216	264	291


Identification code 020–5081–0–2–808		2015 actual	2016 est.	2017 est.

0100	Balance, start of year	2	2	3
	Receipts:
	Current law:
1110	Presidential Election Campaign Fund	30	50	50

2000	Total: Balances and receipts	32	52	53
	Appropriations:
	Current law:
2101	Presidential Election Campaign Fund	–30	–50	–50
2103	Presidential Election Campaign Fund	–2	–2	–3
2132	Presidential Election Campaign Fund	2	3

2199	Total current law appropriations	–30	–49	–53

2999	Total appropriations	–30	–49	–53

5099	Balance, end of year	2	3


Identification code 020–5081–0–2–808		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Presidential Election Campaigns	1	261	52
0003	NIH Pediatric Research Fund Transfer		1	1

0900	Total new obligations (object class 41.0)	1	262	53

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	259	288	75

1050	Unobligated balance (total)	259	288	75
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	30	50	50
1203	Appropriation (Sequestration pop-up, Authorizing Committee)	2	2	3
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–2	–3

1260	Appropriations, mandatory (total)	30	49	53
1930	Total budgetary resources available	289	337	128
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	288	75	75

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1			47
3010	Obligations incurred, unexpired accounts	1	262	53
3020	Outlays (gross)	–1	–215	–4

3050	Unpaid obligations, end of year		47	96
	Memorandum (non-add) entries:
3100	Obligated balance, start of year			47
3200	Obligated balance, end of year		47	96

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	30	49	53
	Outlays, gross:
4100	Outlays from new mandatory authority		2	3
4101	Outlays from mandatory balances	1	213	1

4110	Outlays, gross (total)	1	215	4
4180	Budget authority, net (total)	30	49	53
4190	Outlays, net (total)	1	215	4

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 7 percent of individuals have elected to make this designation, resulting in less than $40 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, starting in 2014, to the Pediatric Research Initiative Fund at the National Institutes of Health (NIH). Money for the public funding of presidential elections 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, determining which candidates are eligible, the amount to which they are entitled, and auditing their use of funds. Current uses of the PECF are given below.

Matching Funds for Presidential Primary Candidates.— Upon certification by the Federal Election Commission—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.

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 2012, this amounted to $91.2 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.

Nominating Party Conventions.—On April 3, 2014, the President signed into law the Gabriella Miller Kids First Research Act, P.L. 113–94. This Act amended the Internal Revenue Code to terminate the entitlement of any political party to a payment from the PECF for a presidential nominating convention. The Act also mandated the transfer of amounts in the PECF for nominating party conventions to a newly created 10-Year Pediatric Research Initiative Fund at NIH and authorized appropriations for the new Fund.


Identification code 020–4444–0–3–155		2015 actual	2016 est.	2017 est.

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	40,507	38,159	38,209
1021	Recoveries of prior year unpaid obligations	2,786
1026	Adjustment for change in allocation of trust fund limitation or foreign exchange valuation	–5,173

1050	Unobligated balance (total)	38,120	38,159	38,209
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	39	50	73
1930	Total budgetary resources available	38,159	38,209	38,282
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	38,159	38,209	38,282

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	57,564	54,778	54,778
3040	Recoveries of prior year unpaid obligations, unexpired	–2,786

3050	Unpaid obligations, end of year	54,778	54,778	54,778
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	57,564	54,778	54,778
3200	Obligated balance, end of year	54,778	54,778	54,778

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	39	50	73
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4121	Interest on Federal securities	–5	–10	–30
4123	Non-Federal sources	–34	–40	–43

4130	Offsets against gross budget authority and outlays (total)	–39	–50	–73
4170	Outlays, net (mandatory)	–39	–50	–73
4180	Budget authority, net (total)
4190	Outlays, net (total)	–39	–50	–73

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	22,649	20,773	22,654
5001	Total investments, EOY: Federal securities: Par value	20,773	22,654	22,684

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 (IMF) 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 the 2016 and 2017 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.


Identification code 020–4444–0–3–155		2014 actual	2015 actual

	ASSETS:
	Federal assets:
	Investments in US securities:
1102	Treasury securities, par	22,649	22,644
1201	Non-Federal assets: Foreign Currency Investments	22,343	20,029
1801	Other Federal assets: Special Drawing Rights	53,154	50,336

1999	Total assets	98,146	93,009
	LIABILITIES:
2207	Non-Federal liabilities: Other	57,564	54,779
	NET POSITION:
3100	Unexpended appropriations	200	200
3300	Cumulative results of operations	40,382	38,030

3999	Total net position	40,582	38,230

4999	Total liabilities and net position	98,146	93,009

For provision of necessary financial and administrative support services by the Administrative Resource Center to implement requirements of the Digital Accountability and Transparency Act (DATA Act; Public Law 113–101) for Federal agencies, $3,000,000, to remain available until expended: Provided, That such amount shall be in addition to any other amounts available for such purpose.


Identification code 020–4560–0–4–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0802	Financial Management Administrative Support Service	147	169	165
0804	Information Technology Services	160	175	184
0806	Shared Services Program	217	220	230

0900	Total new obligations	524	564	579

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	147	159	176
1021	Recoveries of prior year unpaid obligations	14	25	19

1050	Unobligated balance (total)	161	184	195
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation			3
	Spending authority from offsetting collections, discretionary:
1700	Collected	542	556	567
1701	Change in uncollected payments, Federal sources	–20

1750	Spending auth from offsetting collections, disc (total)	522	556	567
1900	Budget authority (total)	522	556	570
1930	Total budgetary resources available	683	740	765
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	159	176	186

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	132	129	109
3010	Obligations incurred, unexpired accounts	524	564	579
3020	Outlays (gross)	–513	–559	–566
3040	Recoveries of prior year unpaid obligations, unexpired	–14	–25	–19

3050	Unpaid obligations, end of year	129	109	103
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–47	–27	–27
3070	Change in uncollected pymts, Fed sources, unexpired	20

3090	Uncollected pymts, Fed sources, end of year	–27	–27	–27
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	85	102	82
3200	Obligated balance, end of year	102	82	76

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	522	556	570
	Outlays, gross:
4010	Outlays from new discretionary authority	422	478	488
4011	Outlays from discretionary balances	91	81	78

4020	Outlays, gross (total)	513	559	566
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–542	–556	–567
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	20

4070	Budget authority, net (discretionary)			3
4080	Outlays, net (discretionary)	–29	3	–1
4180	Budget authority, net (total)			3
4190	Outlays, net (total)	–29	3	–1

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 accounting, procurement, travel, human resources, and information technology services through its three business lines: the Administrative Resource Center (ARC), Fiscal IT, and the Shared Services Program (SSP). SSP was transferred in from the Treasury Working Capital Fund on October 1, 2013. Services are provided to Federal customers on a reimbursable, fee-for-service basis. The 2017 Budget includes funding to reduce DATA Act implementation costs that ARC would otherwise have fully passed onto Federal customers.


Identification code 020–4560–0–4–803		2015 actual	2016 est.	2017 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	123	138	141
11.3	Other than full-time permanent	1	1	1
11.5	Other personnel compensation	4	4	4

11.9	Total personnel compensation	128	143	146
12.1	Civilian personnel benefits	41	47	48
21.0	Travel and transportation of persons	2	2	2
23.3	Communications, utilities, and miscellaneous charges	66	68	70
25.1	Advisory and assistance services	46	23	27
25.2	Other services from non-Federal sources	36	40	41
25.3	Other goods and services from Federal sources	103	109	110
25.7	Operation and maintenance of equipment	75	91	93
26.0	Supplies and materials	1	1	1
31.0	Equipment	26	40	41

99.0	Reimbursable obligations	524	564	579

99.9	Total new obligations	524	564	579


Identification code 020–4560–0–4–803		2015 actual	2016 est.	2017 est.

2001	Reimbursable civilian full-time equivalent employment	1,545	1,785	1,888


Identification code 020–0140–0–1–271		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Grants for Specified Energy Property in Lieu of Tax Credits, Rec (Direct)	1,959	1,118	650

0900	Total new obligations (object class 41.0)	1,959	1,118	650

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2,113	1,200	650
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–154	–82

1260	Appropriations, mandatory (total)	1,959	1,118	650
1900	Budget authority (total)	1,959	1,118	650
1930	Total budgetary resources available	1,959	1,118	650

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	51
3010	Obligations incurred, unexpired accounts	1,959	1,118	650
3020	Outlays (gross)	–2,010	–1,118	–650
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	51

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1,959	1,118	650
	Outlays, gross:
4100	Outlays from new mandatory authority	1,959	1,118	650
4101	Outlays from mandatory balances	51

4110	Outlays, gross (total)	2,010	1,118	650
4180	Budget authority, net (total)	1,959	1,118	650
4190	Outlays, net (total)	2,010	1,118	650

Section 1603 of the American Recovery and Reinvestment Act of 2009 requires the Secretary of the Treasury to make payments in lieu of tax credits to entities that place in service specified energy property. This account presents the estimated disbursements for this program.

This program provides payments for specified energy property, which includes qualified facilities that produce electricity from wind, biomass, and certain other renewable resources; solar property; qualified fuel cell property; geothermal property; qualified microturbine property; combined heat and power system property; and geothermal heat pump property. Payments are available for property placed in service in 2009, 2010, or 2011. In some cases, if construction began in 2009, 2010, or 2011, the payment can be claimed for property placed in service before 2013, 2014, or 2017, depending on the type of property.

In general, projects that meet the eligibility criteria for the investment tax credit (ITC) are eligible for the payments. These projects include qualified renewable energy facilities that meet the eligibility criteria for the production tax credit and have elected to instead claim the ITC. An entity receiving a Section 1603 payment for specified energy property may not also claim the ITC or the production tax credit with respect to the same property. In the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (P.L. 111–312), section 707(a) extended for one year, through 2011, the time within which certain eligible property must be placed in service or start construction.

To carry out the Riegle Community Development and Regulatory Improvements 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-3, [$233,523,000] $245,923,000. Of the amount appropriated under this heading—

(1) not less than $153,423,000, notwithstanding section 108(e) of Public Law 103–325 (12 U.S.C. 4707(e)) with regard to Small and/or Emerging Community Development Financial Institutions Assistance awards, is available until September 30, [2017]2018, for financial assistance and technical assistance under subparagraphs (A) and (B) of section 108(a)(1), respectively, of Public Law 103–325 (12 U.S.C. 4707(a)(1)(A) and (B)), of which up to [$3,102,500] $2,882,500 may be used for the cost of direct loans: Provided, That the cost of direct and guaranteed loans, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974: Provided further, That these funds are available to subsidize gross obligations for the principal amount of direct loans not to exceed $25,000,000;

(2) not less than $15,500,000, notwithstanding section 108(e) of Public Law 103–325 (12 U.S.C. 4707(e)), is available until September 30, [2017]2018, for financial assistance, technical assistance, training and outreach programs designed to benefit Native American, Native Hawaiian, and Alaskan Native communities and provided primarily through qualified community development lender organizations with experience and expertise in community development banking and lending in Indian country, Native American organizations, tribes and tribal organizations, and other suitable providers;

(3) not less than $19,000,000 is available until September 30, [2017]2018, for the Bank Enterprise Award program;

(4) not less than $22,000,000, notwithstanding subsections (d) and (e) of section 108 of Public Law 103–325 (12 U.S.C. 4707(d) and (e)), is available until September 30, [2017]2018, for a Healthy Food Financing Initiative to provide financial assistance, technical assistance, training, and outreach to community development financial institutions for the purpose of offering affordable financing and technical assistance to expand the availability of healthy food options in distressed communities;

(5) up to [$23,600,000] $26,000,000 is available until September 30, [2016]2018, for administrative expenses, including administration of CDFI fund programs and the New Markets Tax Credit Program, of which [not less than $1,000,000 is for capacity building to expand CDFI investments in underserved rural areas, and] up to $300,000 is for administrative expenses to carry out the direct loan program; [and]

(6) not less than $10,000,000 is available until September 30, 2018, to provide grants for loan loss reserve funds and to provide technical assistance for small dollar loan programs under section 1206 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111–203); and

([6]7) during fiscal year [2016]2017, 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, That commitments to guarantee bonds and notes under such section 114A shall not exceed [$750,000,000] $1,000,000,000: Provided further, That such section 114A shall remain in effect until September 30, [2016]2017. (Department of the Treasury Appropriations Act, 2016.)


Identification code 020–1881–0–1–451		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0009	General Administrative Expenses	30	24	26
0012	Financial Assistance	151	153	153
0013	Small Dollar Loan Program			10
0014	Native American/Hawaiian Program	21	16	16
0026	Healthy Food Initiative	22	22	22
0028	Bank Enterprise Award	18	19	19

0091	Direct program activities, subtotal	242	234	246
	Credit program obligations:
0701	Direct loan subsidy	1	3	3
0705	Reestimates of direct loan subsidy	1	4
0706	Interest on reestimates of direct loan subsidy	1	1

0791	Direct program activities, subtotal	3	8	3

0900	Total new obligations	245	242	249

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	16	9	13
1001	Discretionary unobligated balance brought fwd, Oct 1	16	9
1021	Recoveries of prior year unpaid obligations	4	5	5

1050	Unobligated balance (total)	20	14	18
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	231	234	246
	Appropriations, mandatory:
1200	Appropriation	2	5
	Spending authority from offsetting collections, discretionary:
1700	Collected	1	2	2
1900	Budget authority (total)	234	241	248
1930	Total budgetary resources available	254	255	266
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	9	13	17

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	215	229	253
3010	Obligations incurred, unexpired accounts	245	242	249
3020	Outlays (gross)	–227	–213	–264
3040	Recoveries of prior year unpaid obligations, unexpired	–4	–5	–5

3050	Unpaid obligations, end of year	229	253	233
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	215	229	253
3200	Obligated balance, end of year	229	253	233

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	232	236	248
	Outlays, gross:
4010	Outlays from new discretionary authority	17	72	76
4011	Outlays from discretionary balances	210	140	186

4020	Outlays, gross (total)	227	212	262
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–1	–1	–1
4033	Non-Federal sources		–1	–1

4040	Offsets against gross budget authority and outlays (total)	–1	–2	–2

4070	Budget authority, net (discretionary)	231	234	246
4080	Outlays, net (discretionary)	226	210	260
	Mandatory:
4090	Budget authority, gross	2	5
	Outlays, gross:
4100	Outlays from new mandatory authority		1
4101	Outlays from mandatory balances			2

4110	Outlays, gross (total)		1	2
4180	Budget authority, net (total)	233	239	246
4190	Outlays, net (total)	226	211	262

	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		2015 actual	2016 est.	2017 est.

	Direct loan levels supportable by subsidy budget authority:
115001	Community Development Financial Institutions Prog Fin Assist.	12	25	25
115002	Bond Guarantee Program	331	750	1,000

115999	Total direct loan levels	343	775	1,025
	Direct loan subsidy (in percent):
132001	Community Development Financial Institutions Prog Fin Assist.	12.41	12.38	11.53
132002	Bond Guarantee Program	–1.35	0.00	0.00

132999	Weighted average subsidy rate	-.87	0.40	0.28
	Direct loan subsidy budget authority:
133001	Community Development Financial Institutions Prog Fin Assist.	1	3	3
133002	Bond Guarantee Program	–4

133999	Total subsidy budget authority	–3	3	3
	Direct loan subsidy outlays:
134001	Community Development Financial Institutions Prog Fin Assist.	2	4	4
134002	Bond Guarantee Program	–2

134999	Total subsidy outlays		4	4
	Direct loan reestimates:
135001	Community Development Financial Institutions Prog Fin Assist.		1
135002	Bond Guarantee Program		3

135999	Total direct loan reestimates		4

The Community Development Financial Institutions (CDFI) Fund promotes economic and community development through investment in and assistance to CDFIs, which include community development banks, credit unions, loan funds, and venture capital funds, in order 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 2017 Budget provides funding for the CDFI Program, the Healthy Food Financing Initiative, the Native American CDFI Assistance Program, and the Bank Enterprise Award Program. The 2017 Budget also provides funding for the Small Dollar Loan Program, authorized by Section 1206 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111–203). This Program will support broader access to safe and affordable financial products and provide an alternative to predatory lending by encouraging CDFIs to establish and maintain small dollar loan programs.

The CDFI Fund's Bond Guarantee Program supports CDFI lending and investment activity by providing a source of long-term capital in low-income and underserved communities. The proceeds of guaranteed bonds spur job creation among small businesses and entrepreneurs, and provide needed financing for infrastructure development projects such as community facilities and affordable housing. The Budget proposes to extend the program's authorization, with an annual guarantee level not to exceed $1 billion. The Budget also proposes reforms to the Bond Guarantee Program to increase participation and ensure credit-worthy CDFIs have access to this important source of capital while continuing to maintain strong protections against credit risk. The CDFI Bond Guarantee Program will continue to operate at no budgetary cost for new issuances.

The 2017 Budget proposes an increase of $1 million in administrative funding for the development of the Community Development Impact Measuring Estimator (CDIME). This modeling tool will improve the data quality of reported social impact measures and will allow for more efficient funding through CDFI Fund programs.


Identification code 020–1881–0–1–451		2015 actual	2016 est.	2017 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	8	8	8
12.1	Civilian personnel benefits	2	2	2
25.1	Advisory and assistance services	14	7	8
25.3	Other goods and services from Federal sources	6	7	8
33.0	Investments and loans	1
41.0	Grants, subsidies, and contributions	213	218	223

99.0	Direct obligations	244	242	249
99.5	Adjustment for rounding	1

99.9	Total new obligations	245	242	249


Identification code 020–1881–0–1–451		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	75	79	87


Identification code 020–4088–0–3–451		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
	Credit program obligations:
0710	Direct loan obligations	343	775	1,025
0713	Payment of interest to Treasury	3	3	3
0740	Negative subsidy obligations	4
0742	Downward reestimate paid to receipt account	2	1

0900	Total new obligations	352	779	1,028

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1		1	9
1021	Recoveries of prior year unpaid obligations	1
1024	Unobligated balance of borrowing authority withdrawn	–1

1050	Unobligated balance (total)		1	9
	Financing authority:
	Borrowing authority, mandatory:
1400	Borrowing authority	345	774	1,024
	Spending authority from offsetting collections, mandatory:
1800	Collected	15	24	20
1801	Change in uncollected payments, Federal sources		1	1
1825	Spending authority from offsetting collections applied to repay debt	–7	–12	–14

1850	Spending auth from offsetting collections, mand (total)	8	13	7
1900	Budget authority (total)	353	787	1,031
1930	Total budgetary resources available	353	788	1,040
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1	9	12

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	514	750	1,148
3010	Obligations incurred, unexpired accounts	352	779	1,028
3020	Outlays (gross)	–115	–381	–381
3040	Recoveries of prior year unpaid obligations, unexpired	–1

3050	Unpaid obligations, end of year	750	1,148	1,795
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–1	–1	–2
3070	Change in uncollected pymts, Fed sources, unexpired		–1	–1

3090	Uncollected pymts, Fed sources, end of year	–1	–2	–3
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	513	749	1,146
3200	Obligated balance, end of year	749	1,146	1,792

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	353	787	1,031
	Financing disbursements:
4110	Outlays, gross (total)	115	381	381
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–3	–9	–5
4122	Interest on uninvested funds	–2	–2	–2
4123	Non-Federal sources - Interest repayments	–10	–13	–13

4130	Offsets against gross budget authority and outlays (total)	–15	–24	–20
	Additional offsets against financing authority only (total):
4140	Change in uncollected pymts, Fed sources, unexpired		–1	–1

4160	Budget authority, net (mandatory)	338	762	1,010
4170	Outlays, net (mandatory)	100	357	361
4180	Budget authority, net (total)	338	762	1,010
4190	Outlays, net (total)	100	357	361


Identification code 020–4088–0–3–451		2015 actual	2016 est.	2017 est.

	Position with respect to appropriations act limitation on obligations:
1111	Direct loan obligations from current-year authority	343	775	1,025

1150	Total direct loan obligations	343	775	1,025

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	66	76	82
1231	Disbursements: Direct loan disbursements	15	11	15
1251	Repayments: Repayments and prepayments	–4	–4	–5
1263	Write-offs for default: Direct loans	–1	–1	–2

1290	Outstanding, end of year	76	82	90


Identification code 020–4088–0–3–451		2014 actual	2015 actual

	ASSETS:
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	66	76
1405	Allowance for subsidy cost (-)	–13	–15

1499	Net present value of assets related to direct loans	53	61
1801	Other Federal assets: Cash and other monetary assets		1

1999	Total assets	53	62
	LIABILITIES:
2103	Federal liabilities: Debt	53	62

4999	Total liabilities and net position	53	62

The Budget proposes $100 million for the Department of the Treasury to encourage the development of effective financial products that would help low- to moderate-income workers build up "rainy day" reserves. The reserves would provide these workers and their families with a buffer against shocks to income and spending needs. The program will fund grants and contracts to eligible competitors, including nonprofits, community banks, Community Development Financial Institutions, entrepreneurial incubators, financial intermediaries, financial service providers (depository and non-depository), and other businesses that offer appropriate products. Recipients would use the funds to develop and study new financial products designed to overcome barriers to working families saving. To ensure that the products meet the program's goals, demonstrations would be tied to strong evaluation plans. Demonstrations may include large-scale explorations of financial innovations with some existing track record.


Identification code 020–0149–4–1–609		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Financial Innovation for Working Families			15
0002	Administrative Costs			2

0900	Total new obligations			17

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			100
1930	Total budgetary resources available			100
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year			83

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			17
3020	Outlays (gross)			–15

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

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			100
	Outlays, gross:
4100	Outlays from new mandatory authority			15
4180	Budget authority, net (total)			100
4190	Outlays, net (total)			15


Identification code 020–0149–4–1–609		2015 actual	2016 est.	2017 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent			1
25.1	Advisory and assistance services			2
25.2	Other services from non-Federal sources			12
25.3	Other goods and services from Federal sources			2

99.0	Direct obligations			17

99.9	Total new obligations			17


Identification code 020–0149–4–1–609		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment			8


Identification code 020–0128–0–1–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Office of Financial Stability (Direct)	169	148	127

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	182	148	127
1900	Budget authority (total)	182	148	127
1930	Total budgetary resources available	182	148	127
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–13

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	141	123	36
3010	Obligations incurred, unexpired accounts	169	148	127
3011	Obligations incurred, expired accounts	2
3020	Outlays (gross)	–152	–235	–132
3041	Recoveries of prior year unpaid obligations, expired	–37

3050	Unpaid obligations, end of year	123	36	31
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	141	123	36
3200	Obligated balance, end of year	123	36	31

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	182	148	127
	Outlays, gross:
4100	Outlays from new mandatory authority	91	118	102
4101	Outlays from mandatory balances	61	117	30

4110	Outlays, gross (total)	152	235	132
4180	Budget authority, net (total)	182	148	127
4190	Outlays, net (total)	152	235	132

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 systems and protecting taxpayers. The Act gives 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 for the OFS, which oversees and manages the TARP.


Identification code 020–0128–0–1–376		2015 actual	2016 est.	2017 est.

11.1	Direct obligations: Personnel compensation: Full-time permanent	9	9	8

11.9	Total personnel compensation	9	9	8
12.1	Civilian personnel benefits	3	3	3
25.1	Advisory and assistance services	21	18	15
25.2	Other services from non-Federal sources	122	104	89
25.3	Other goods and services from Federal sources	14	14	12

99.9	Total new obligations	169	148	127


Identification code 020–0128–0–1–376		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	74	72	64


Identification code 020–0132–0–1–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
	Credit program obligations:
0705	Reestimates of direct loan subsidy		510
0706	Interest on reestimates of direct loan subsidy		38

0900	Total new obligations (object class 41.0)		548

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation		548
1930	Total budgetary resources available		548

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts		548
3020	Outlays (gross)		–548

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross		548
	Outlays, gross:
4100	Outlays from new mandatory authority		548
4180	Budget authority, net (total)		548
4190	Outlays, net (total)		548

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


Identification code 020–0132–0–1–376		2015 actual	2016 est.	2017 est.

	Direct loan reestimates:
135001	Automotive Industry Financing Program	–286	–108
135002	Term-Asset Backed Securities Loan Facility (TALF)	–2

135999	Total direct loan reestimates	–288	–108

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 the 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 the TARP expired on October 3, 2010, under the terms of EESA. However, Treasury can continue to execute commitments entered into before October 3, 2010. For more details, please see the Budgetary Effects of the Troubled Asset Relief Program chapter in the Analytical Perspectives volume.


Identification code 020–4277–0–3–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	1
0742	Downward reestimate paid to receipt account	245	138
0743	Interest on downward reestimates	43	518

0900	Total new obligations	289	656

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	288	109	1
1023	Unobligated balances applied to repay debt	–1

1050	Unobligated balance (total)	287	109	1
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Offsetting collections	148	548
1825	Spending authority from offsetting collections applied to repay debt	–37

1850	Spending auth from offsetting collections, mand (total)	111	548
1900	Budget authority (total)	111	548
1930	Total budgetary resources available	398	657	1
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	109	1	1

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	289	656
3020	Outlays (gross)	–289	–656

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	111	548
	Financing disbursements:
4110	Outlays, gross (total)	289	656
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources		–548
4122	Interest on uninvested funds	–1
4123	Warrants	–147

4130	Offsets against gross budget authority and outlays (total)	–148	–548

4160	Budget authority, net (mandatory)	–37
4170	Outlays, net (mandatory)	141	108
4180	Budget authority, net (total)	–37
4190	Outlays, net (total)	141	108

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.


Identification code 020–4277–0–3–376		2014 actual	2015 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	288	109
	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 (-)	1,250
1405	Allowance for subsidy cost (-)	–1,212

1499	Net present value of assets related to direct loans	38

1999	Total assets	326	109
	LIABILITIES:
	Federal liabilities:
2104	Resources payable to Treasury	38	109
2105	Other	288

2999	Total upward reestimate subsidy BA [20–0132]	326	109

4999	Total liabilities and net position	326	109


Identification code 020–0134–0–1–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
	Credit program obligations:
0705	Reestimates of direct loan subsidy	1	100
0706	Interest on reestimates of direct loan subsidy	2

0900	Total new obligations (object class 41.0)	3	100

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	3	100
1930	Total budgetary resources available	3	100

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	29
3010	Obligations incurred, unexpired accounts	3	100
3020	Outlays (gross)	–3	–100
3041	Recoveries of prior year unpaid obligations, expired	–29
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	29

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	3	100
	Outlays, gross:
4100	Outlays from new mandatory authority	3	100
4180	Budget authority, net (total)	3	100
4190	Outlays, net (total)	3	100

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


Identification code 020–0134–0–1–376		2015 actual	2016 est.	2017 est.

	Direct loan reestimates:
135001	Capital Purchase Program	–68	–90
135004	Automotive Industry Financing Program (Equity)	–1,164	20
135006	Community Development Capital Initiative	2	–26

135999	Total direct loan reestimates	–1,230	–96

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 equity purchase programs serviced by this account include the American International Group Investment Program (AIGP), Targeted Investment Program (TIP), Automotive Industry Financing Program (AIFP), Public-Private Investment Program (PPIP), Community Development Capital Initiative (CDCI), and the Capital Purchase Program (CPP).


Identification code 020–4278–0–3–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	29	31	31
0739	Disposition Fees	3	2
0742	Downward reestimate paid to receipt account	389	57
0743	Interest on downward reestimates	843	140

0900	Total new obligations	1,264	230	31

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	313	30
1021	Recoveries of prior year unpaid obligations	126
1023	Unobligated balances applied to repay debt	–308
1024	Unobligated balance of borrowing authority withdrawn	–90

1050	Unobligated balance (total)	41	30
	Financing authority:
	Borrowing authority, mandatory:
1400	Borrowing authority		28
	Spending authority from offsetting collections, mandatory:
1800	Collected	1,822	197	67
1801	Change in uncollected payments, Federal sources	–29
1825	Spending authority from offsetting collections applied to repay debt	–540	–25	–36

1850	Spending auth from offsetting collections, mand (total)	1,253	172	31
1900	Budget authority (total)	1,253	200	31
1930	Total budgetary resources available	1,294	230	31
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	30

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	127	1	1
3010	Obligations incurred, unexpired accounts	1,264	230	31
3020	Outlays (gross)	–1,264	–230	–31
3040	Recoveries of prior year unpaid obligations, unexpired	–126

3050	Unpaid obligations, end of year	1	1	1
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–29
3070	Change in uncollected pymts, Fed sources, unexpired	29
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	98	1	1
3200	Obligated balance, end of year	1	1	1

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	1,253	200	31
	Financing disbursements:
4110	Outlays, gross (total)	1,264	230	31
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–3	–100
4122	Interest on uninvested funds	–4	–3	–2
4123	Dividends	–29	–16	–8
4123	Warrants	–358	–22	–23
4123	Redemption	–1,428	–56	–34

4130	Offsets against gross budget authority and outlays (total)	–1,822	–197	–67
	Additional offsets against financing authority only (total):
4140	Change in uncollected pymts, Fed sources, unexpired	29

4160	Budget authority, net (mandatory)	–540	3	–36
4170	Outlays, net (mandatory)	–558	33	–36
4180	Budget authority, net (total)	–540	3	–36
4190	Outlays, net (total)	–558	33	–36


Identification code 020–4278–0–3–376		2015 actual	2016 est.	2017 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	2,854	714	591
1251	Repayments: Repayments and prepayments	–1,428	–56	–34
1263	Write-offs for default: Direct loans	–712	–67	–3

1290	Outstanding, end of year	714	591	554

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.


Identification code 020–4278–0–3–376		2014 actual	2015 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	321	31
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	2,854	714
1405	Allowance for subsidy cost (-)	–2,495	–2,359
1405	Allowance for subsidy cost (-)	1,777	2,127

1499	Net present value of assets related to direct loans	2,136	482

1999	Total assets	2,457	513
	LIABILITIES:
	Federal liabilities:
2103	Debt	1,266	418
2105	Other	1,191	95

2999	Total liabilities	2,457	513

4999	Total liabilities and net position	2,457	513


Identification code 020–0136–0–1–604		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Additional Authority for Hardest Hit Fund		2,000

0100	Direct program activities, subtotal		2,000

0900	Total new obligations (object class 41.0)		2,000

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1		8,159
1012	Unobligated balance transfers between expired and unexpired accounts	7,172
1021	Recoveries of prior year unpaid obligations	947	2,000
1031	Other balances not available		–8,159

1050	Unobligated balance (total)	8,119	2,000
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	40
1900	Budget authority (total)	40
1930	Total budgetary resources available	8,159	2,000
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	8,159

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	24,658	19,460	14,115
3010	Obligations incurred, unexpired accounts		2,000
3020	Outlays (gross)	–4,251	–5,345	–4,079
3040	Recoveries of prior year unpaid obligations, unexpired	–947	–2,000

3050	Unpaid obligations, end of year	19,460	14,115	10,036
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	24,658	19,460	14,115
3200	Obligated balance, end of year	19,460	14,115	10,036

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	40
	Outlays, gross:
4101	Outlays from mandatory balances	4,251	5,345	4,079
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–40
4180	Budget authority, net (total)
4190	Outlays, net (total)	4,211	5,345	4,079

	Memorandum (non-add) entries:
5103	Unexpired unavailable balance, SOY: Fulfilled purpose			947
5104	Unexpired unavailable balance, EOY: Fulfilled purpose		947	947

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


Identification code 020–0136–0–1–604		2015 actual	2016 est.	2017 est.

	Guaranteed loan subsidy outlays:
234001	FHA Refi Letter of Credit	2
	Guaranteed loan reestimates:
235001	FHA Refi Letter of Credit	–4	–3

The Making Home Affordable (MHA) initiative was launched in March 2009 under the authority of sections 101 and 109 of the Emergency Economic Stabilization Act of 2008, as amended (EESA) (P.L. 110–343). The centerpiece of MHA is its first lien modification program, the Home Affordable Modification Program (HAMP), which offers affordable and sustainable mortgage modifications to responsible homeowners at risk of losing their homes to foreclosure. In addition to HAMP, MHA includes other programs intended to help homeowners who are unemployed, "underwater" on their loan (i.e. those who owe more on their home than it is currently worth), or are struggling with a second lien. MHA also includes options for homeowners who would like to transition to a more affordable living situation through a short sale or deed-in-lieu of foreclosure. In December 2015, the Consolidated Appropriations Act, 2016 (P.L. 114–113) codified the current application deadline of December 31, 2016, for HAMP and other MHA programs. Additionally, State Housing Finance Agencies in 18 States and the District of Columbia that have been most heavily impacted by the housing crisis, have been allocated a total of $7.6 billion under EESA through the Hardest Hit Fund (HHF) to initiate locally-tailored foreclosure prevention programs, which may include such programs as mortgage payment assistance for unemployed or underemployed homeowners, principal reduction to help homeowners get into more affordable mortgages, funding to eliminate homeowners' second lien loans, funding for blight elimination activities, funding for down payment assistance to homebuyers, and help for homeowners who are transitioning out of their homes into more affordable living situations. The Consolidated Appropriations Act, 2016, extended Treasury's authority under EESA to incur certain obligations for the HHF through December 31, 2017; Treasury expects to allocate $2 billion in additional funds to currently participating jurisdictions in early 2016. Funds under EESA also support a Federal Housing Administration (FHA) refinance program that allows overleveraged homeowners to refinance into a new FHA-insured loan if their existing mortgage holders agree to a short refinance and to write down principal. For more details, please see the Budgetary Effects of the Troubled Asset Relief Program chapter in the Analytical Perspectives volume.


Identification code 020–4329–0–3–371		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
	Credit program obligations:
0711	Default claim payments on principal		1	1
0713	Payment of interest to Treasury			1
0742	Downward reestimate paid to receipt account	4	3

0900	Total new obligations	4	4	2

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	13	11	7
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	2
1930	Total budgetary resources available	15	11	7
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	11	7	5

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

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	2
	Financing disbursements:
4110	Outlays, gross (total)	4	4	2
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–2
4180	Budget authority, net (total)
4190	Outlays, net (total)	2	4	2


Identification code 020–4329–0–3–371		2015 actual	2016 est.	2017 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	463	440	416
2251	Repayments and prepayments	–23	–23	–23
2263	Adjustments: Terminations for default that result in claim payments		–1	–1

2290	Outstanding, end of year	440	416	392

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


Identification code 020–4329–0–3–371		2014 actual	2015 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	11	11

1999	Total assets	11	11
	LIABILITIES:
2204	Non-Federal liabilities: Liabilities for loan guarantees	11	11

4999	Total liabilities and net position	11	11

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), [$40,671,000] $41,160,000. (Department of the Treasury Appropriations Act, 2016.)


Identification code 020–0133–0–1–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Special Inspector General for the Troubled Asset Relief Program (Direct)	42	48	46

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	26	18	11
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	34	41	41
1930	Total budgetary resources available	60	59	52
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	18	11	6

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	13	16	15
3010	Obligations incurred, unexpired accounts	42	48	46
3020	Outlays (gross)	–36	–49	–49
3041	Recoveries of prior year unpaid obligations, expired	–3

3050	Unpaid obligations, end of year	16	15	12
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	13	16	15
3200	Obligated balance, end of year	16	15	12

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	34	41	41
	Outlays, gross:
4010	Outlays from new discretionary authority	28	33	33
4011	Outlays from discretionary balances	3	3	8

4020	Outlays, gross (total)	31	36	41
	Mandatory:
	Outlays, gross:
4101	Outlays from mandatory balances	5	13	8
4180	Budget authority, net (total)	34	41	41
4190	Outlays, net (total)	36	49	49

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 the only agency solely charged with the mission to advance economic stability through transparency, coordinated oversight, and robust enforcement related to the Troubled Asset Relief Program (TARP). SIGTARP is a white-collar law enforcement agency and delivers accountability for TARP-related criminal and civil misconduct. SIGTARP investigates fraud, waste, and abuse related to TARP, thereby being a voice for, and protecting the interests of, taxpayers.

In 2017, SIGTARP will continue to design and conduct programmatic and forensic audits of TARP operations, as well as recipients' compliance with their obligations under relevant law and contract, to increase transparency and identify fraud, waste, and abuse. SIGTARP will also continue to conduct and supervise criminal and civil investigations into any parties suspected of fraud related to TARP.

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 to conduct audits and investigations of TARP programs designed to restart the asset-backed securities markets. Since 2010, SIGTARP has received annual appropriations to fund its operations.


Identification code 020–0133–0–1–376		2015 actual	2016 est.	2017 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	17	20	22
11.3	Other than full-time permanent	2	3	2
11.5	Other personnel compensation	2	2	2

11.9	Total personnel compensation	21	25	26
12.1	Civilian personnel benefits	6	7	8
21.0	Travel and transportation of persons	1	1	1
25.1	Advisory and assistance services	2	3	2
25.2	Other services from non-Federal sources	1
25.3	Other goods and services from Federal sources	11	11	8

99.0	Direct obligations	42	47	45
99.5	Adjustment for rounding		1	1

99.9	Total new obligations	42	48	46


Identification code 020–0133–0–1–376		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	150	192	192


Identification code 020–0141–0–1–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
	Credit program obligations:
0705	Reestimates of direct loan subsidy	14
0706	Interest on reestimates of direct loan subsidy	1
0709	Administrative expenses	16	11	13

0900	Total new obligations	31	11	13

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1			3

1050	Unobligated balance (total)			3
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	32	15	13
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–1	–1

1260	Appropriations, mandatory (total)	31	14	13
1930	Total budgetary resources available	31	14	16
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year		3	3

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	19	23	19
3001	Adjustments to unpaid obligations, brought forward, Oct 1		–4
3010	Obligations incurred, unexpired accounts	31	11	13
3020	Outlays (gross)	–27	–11	–13

3050	Unpaid obligations, end of year	23	19	19
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	19	19	19
3200	Obligated balance, end of year	23	19	19

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	31	14	13
	Outlays, gross:
4100	Outlays from new mandatory authority	21	9	11
4101	Outlays from mandatory balances	6	2	2

4110	Outlays, gross (total)	27	11	13
4180	Budget authority, net (total)	31	14	13
4190	Outlays, net (total)	27	11	13

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


Identification code 020–0141–0–1–376		2015 actual	2016 est.	2017 est.

	Direct loan reestimates:
135001	Small Business Lending Fund Investments	16	–44

	Administrative expense data:
3510	Budget authority	15	11	13
3580	Outlays from balances	6	2	2
3590	Outlays from new authority		9	11

Enacted into law as part of the Small Business Jobs Act of 2010 (P.L. 111–240), the Small Business Lending Fund (SBLF) is a dedicated investment fund that encourages lending to small businesses by providing capital to qualified community banks and community development loan funds (CDLFs) with assets of less than $10 billion. Through the SBLF, participating Main Street lenders and small businesses can work together to help create jobs and promote economic growth in local communities across the Nation.

In total, the SBLF provided $4.0 billion to 332 community banks and CDLFs in 2011. Since these institutions leverage their capital, the SBLF could help increase lending to small businesses in an amount that is multiples of the total capital provided.

The account totals also include the costs of administering the program, estimated at $13.4 million for 2017.


Identification code 020–0141–0–1–376		2015 actual	2016 est.	2017 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	2	3	3
23.1	Rental payments to GSA	5
25.1	Advisory and assistance services	1	2	2
25.2	Other services from non-Federal sources	5	3	5
25.3	Other goods and services from Federal sources	3	2	2
41.0	Grants, subsidies, and contributions	16

99.0	Direct obligations	32	10	12
99.5	Adjustment for rounding	–1	1	1

99.9	Total new obligations	31	11	13


Identification code 020–0141–0–1–376		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	14	19	19


Identification code 020–4349–0–3–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	60	52	8
0742	Downward reestimate paid to receipt account		40
0743	Interest on downward reestimates		4

0900	Total new obligations	60	96	8

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	38	109	81
1023	Unobligated balances applied to repay debt	–38

1050	Unobligated balance (total)		109	81
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	881	2,005	121
1825	Spending authority from offsetting collections applied to repay debt	–712	–1,937	–114

1850	Spending auth from offsetting collections, mand (total)	169	68	7
1930	Total budgetary resources available	169	177	88
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	109	81	80

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	60	96	8
3020	Outlays (gross)	–60	–96	–8

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	169	68	7
	Financing disbursements:
4110	Outlays, gross (total)	60	96	8
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources - Upward Reestimates	–16
4122	Interest on uninvested funds	–4	–1	–1
4123	Non-Federal sources - Principal	–823	–1,977	–97
4123	Non-Federal sources - Dividends	–38	–27	–23

4130	Offsets against gross budget authority and outlays (total)	–881	–2,005	–121

4160	Budget authority, net (mandatory)	–712	–1,937	–114
4170	Outlays, net (mandatory)	–821	–1,909	–113
4180	Budget authority, net (total)	–712	–1,937	–114
4190	Outlays, net (total)	–821	–1,909	–113


Identification code 020–4349–0–3–376		2015 actual	2016 est.	2017 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	3,186	2,363	386
1251	Repayments: Repayments and prepayments	–823	–1,977	–97

1290	Outstanding, end of year	2,363	386	289


Identification code 020–4349–0–3–376		2014 actual	2015 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	38	109
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	3,186	2,363
1405	Allowance for subsidy cost (-)	–12	–10

1499	Net present value of assets related to direct loans	3,174	2,353

1999	Total assets	3,212	2,462
	LIABILITIES:
2103	Federal liabilities: Debt	3,212	2,462

4999	Total liabilities and net position	3,212	2,462

The Budget proposes a $600 million annual allotment, indexed to inflation, to create a locally-administered refundable Earned Income Tax Credit (EITC) for residents of Puerto Rico. Unlike Americans living in the fifty states and the District of Columbia, residents of Puerto Rico are not eligible for an EITC. Given Puerto Rico's low labor force participation rate, the existence of an EITC should increase employment in Puerto Rico's official sector by providing higher incomes to workers who file taxes. This added incentive for participation in Puerto Rico's formal economy should also increase Puerto Rican tax compliance and tax revenues.


Identification code 020–0157–4–1–609		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Puerto Rico EITC Payments			600
0002	Administrative Costs			1

0900	Total new obligations			601

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			6,642
1930	Total budgetary resources available			6,642
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year			6,041

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			601
3020	Outlays (gross)			–601

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			6,642
	Outlays, gross:
4100	Outlays from new mandatory authority			601
4180	Budget authority, net (total)			6,642
4190	Outlays, net (total)			601


Identification code 020–0157–4–1–609		2015 actual	2016 est.	2017 est.

41.0	Direct obligations: Grants, subsidies, and contributions			600
99.5	Adjustment for rounding			1

99.9	Total new obligations			601


Identification code 020–0157–4–1–609		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment			2


Identification code 020–0142–0–1–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Administrative Costs	6	7	6

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	19	16	9
1021	Recoveries of prior year unpaid obligations	2

1050	Unobligated balance (total)	21	16	9
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	1
1900	Budget authority (total)	1
1930	Total budgetary resources available	22	16	9
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	16	9	3

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	317	103	18
3010	Obligations incurred, unexpired accounts	6	7	6
3020	Outlays (gross)	–218	–92	–7
3040	Recoveries of prior year unpaid obligations, unexpired	–2

3050	Unpaid obligations, end of year	103	18	17
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	317	103	18
3200	Obligated balance, end of year	103	18	17

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1
	Outlays, gross:
4101	Outlays from mandatory balances	218	92	7
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–1
4180	Budget authority, net (total)
4190	Outlays, net (total)	217	92	7


		2015 actual	2016 est.	2017 est.

Enacted/requested:
	Outlays	217	92	7
Legislative proposal, subject to PAYGO:
	Budget Authority			1,500
	Outlays			219
Total:
	Budget Authority			1,500
	Outlays	217	92	226

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 strengthen state programs that leverage private lending and investing to help finance small businesses and manufacturers that are creditworthy, but are not getting the loans or investments they need to expand and create jobs. The SSBCI allows states flexibility to build on successful models for state small business programs, including collateral support programs, capital access programs, loan guarantee programs, loan participating programs, and venture capital programs. Since the passage of the Act, SSBCI has positively impacted small business access to capital and local economies around the Nation, supported over 12,400 private sector loans or investments to small businesses, and helped create or retain over 140,000 jobs as reported by the small businesses who received the loans and investments. In addition, through 2014, SSBCI operations have generated $7.36 in new small business lending or investing for every $1 of Federal support. Private sector leverage is expected to increase before the program concludes.

The President's Budget proposes a new authorization of $1.5 billion for SSBCI to build on the momentum of the program's first round, strengthen the Federal Government's relationships with state economic development agencies, and to provide capital to America's diverse community of entrepreneurs. This additional $1.5 billion would be awarded in two allocations: $1 billion awarded on a competitive basis to states best able to target local market needs, promote inclusion, attract private capital for start-up and scale-up businesses, strengthen regional entrepreneurial ecosystems, and evaluate results; and $500 million awarded by formula based on economic factors such as job losses and pace of economic recovery.


Identification code 020–0142–0–1–376		2015 actual	2016 est.	2017 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	1	1	1
25.1	Advisory and assistance services	2	1	1
25.3	Other goods and services from Federal sources	2	4	4

99.0	Direct obligations	5	6	6
99.5	Adjustment for rounding	1	1

99.9	Total new obligations	6	7	6


Identification code 020–0142–0–1–376		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	9	9	9


Identification code 020–0142–4–1–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Administrative Costs			8
0002	Direct Credit Initiative			492

0900	Total new obligations			500

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			1,500
1900	Budget authority (total)			1,500
1930	Total budgetary resources available			1,500
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year			1,000

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			500
3020	Outlays (gross)			–219

3050	Unpaid obligations, end of year			281
	Memorandum (non-add) entries:
3200	Obligated balance, end of year			281

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			1,500
	Outlays, gross:
4100	Outlays from new mandatory authority			219
4180	Budget authority, net (total)			1,500
4190	Outlays, net (total)			219


Identification code 020–0142–4–1–376		2015 actual	2016 est.	2017 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent			1
25.1	Advisory and assistance services			2
25.2	Other services from non-Federal sources			2
25.3	Other goods and services from Federal sources			3
41.0	Grants, subsidies, and contributions			492

99.0	Direct obligations			500

99.9	Total new obligations			500


Identification code 020–0142–4–1–376		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment			8


Identification code 020–0125–0–1–371		2015 actual	2016 est.	2017 est.

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	258,050	258,050	258,050
1930	Total budgetary resources available	258,050	258,050	258,050
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	258,050	258,050	258,050
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 $187.5 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, 2015, the GSEs have paid $241.2 billion in dividend payments to Treasury on the senior preferred stock.


Identification code 020–0126–0–1–371		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0010	Financial Agent Services	2	3	3
	Credit program obligations:
0705	Reestimates of direct loan subsidy	146
0706	Interest on reestimates of direct loan subsidy	29

0791	Direct program activities, subtotal	175

0900	Total new obligations	177	3	3

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	175
1221	Appropriations transferred from other acct [020–1802]	3	3	3

1260	Appropriations, mandatory (total)	178	3	3
1930	Total budgetary resources available	178	3	3
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	53
3010	Obligations incurred, unexpired accounts	177	3	3
3020	Outlays (gross)	–177	–3	–3
3041	Recoveries of prior year unpaid obligations, expired	–53
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	53

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	178	3	3
	Outlays, gross:
4100	Outlays from new mandatory authority	176	3	3
4101	Outlays from mandatory balances	1

4110	Outlays, gross (total)	177	3	3
4180	Budget authority, net (total)	178	3	3
4190	Outlays, net (total)	177	3	3

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


Identification code 020–0126–0–1–371		2015 actual	2016 est.	2017 est.

	Direct loan reestimates:
135002	New Issue Bond Program SF	163	–15
135003	New Issue Bond Program MF	12	–1

135999	Total direct loan reestimates	175	–16

In September 2008, Treasury initiated a temporary program to purchase mortgage-backed securities (MBS) issued by Fannie Mae and Freddie Mac, which carry the GSEs' standard guarantee against default. The purpose of the program was to promote liquidity in the mortgage market and, thereby, affordable homeownership by stabilizing the interest rate spreads between mortgage rates and Treasury issuances. Treasury purchased $226 billion in MBS through December 31, 2009. In March of 2011, Treasury announced that it would begin selling off up to $10 billion of its MBS holdings per month, subject to market conditions. Treasury completed the orderly disposition of its MBS portfolio on March 19, 2012.

Beginning in December 2009, Treasury implemented two additional programs as part of the Housing Finance Agencies Initiative to support state and local housing financing agencies (HFAs). Treasury purchased a participation interest in the Fannie Mae and Freddie Mac Temporary Credit and Liquidity Facilities to establish the Temporary Credit and Liquidity Program (TCLP), which provided HFAs with credit and liquidity facilities supporting up to $8.2 billion in existing HFA bonds, and temporarily replaced private market facilities that were expiring or imposing unusually high costs to the HFAs due to market conditions. The TCLP was originally to remain open to the end of calendar year 2012, but due to continued strain on the market for HFA liquidity facilities, Treasury granted an extension to the end of the calendar year 2015 for six HFAs. In July 2015, the last participating HFA received alternative liquidity facilities from private sector banks, resulting in the closure of the TCLP.

Under the New Issuance Bond Program (NIBP) Treasury purchased $15.3 billion in securities of Fannie Mae and Freddie Mac backed by new HFA housing bonds, supporting over 135,000 new mortgages and 40,000 rental housing units for working families. The original deadline for HFAs to use NIBP funds was December 31, 2010, but Treasury granted two one-year extensions until the end of 2012. The authority for all of the programs displayed in this account 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 the GSE MBS purchase and State HFA programs, which are treated as direct loans for budget execution. The subsidy amounts are estimated on a present value basis.


Identification code 020–0126–0–1–371		2015 actual	2016 est.	2017 est.

	Direct obligations:
25.2	Other services from non-Federal sources	2	3	3
41.0	Grants, subsidies, and contributions	175

99.9	Total new obligations	177	3	3


Identification code 020–4272–0–3–371		2014 actual	2015 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	705	705

1999	Total assets	705	705
	LIABILITIES:
2105	Federal liabilities: Other Liabilities without Related Budgetary Obligations	705	705

4999	Total liabilities and net position	705	705


Identification code 020–4298–0–3–371		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	291	260	242
0742	Downward reestimate paid to receipt account		13
0743	Interest on downward reestimates		3

0900	Total new obligations	291	276	242

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	271	125	126
1021	Recoveries of prior year unpaid obligations	1,100
1022	Capital transfer of unobligated balances to general fund	–124
1023	Unobligated balances applied to repay debt	–155
1024	Unobligated balance of borrowing authority withdrawn	–1,039

1050	Unobligated balance (total)	53	125	126
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	1,315	816	624
1801	Change in uncollected payments, Federal sources	–53
1820	Capital transfer of spending authority from offsetting collections to general fund	–9
1825	Spending authority from offsetting collections applied to repay debt	–890	–539	–382

1850	Spending auth from offsetting collections, mand (total)	363	277	242
1900	Budget authority (total)	363	277	242
1930	Total budgetary resources available	416	402	368
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	125	126	126

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1,100
3010	Obligations incurred, unexpired accounts	291	276	242
3020	Outlays (gross)	–291	–276	–242
3040	Recoveries of prior year unpaid obligations, unexpired	–1,100
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–53
3070	Change in uncollected pymts, Fed sources, unexpired	53
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	1,047

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	363	277	242
	Financing disbursements:
4110	Outlays, gross (total)	291	276	242
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–175
4122	Interest on uninvested funds	–15	–8	–7
4123	Non-Federal sources - Interest	–234	–209	–194
4123	Non-Federal sources - Principal	–884	–598	–423
4123	Non-Federal sources - Other	–7	–1

4130	Offsets against gross budget authority and outlays (total)	–1,315	–816	–624
	Additional offsets against financing authority only (total):
4140	Change in uncollected pymts, Fed sources, unexpired	53

4160	Budget authority, net (mandatory)	–899	–539	–382
4170	Outlays, net (mandatory)	–1,024	–540	–382
4180	Budget authority, net (total)	–899	–539	–382
4190	Outlays, net (total)	–1,024	–540	–382


Identification code 020–4298–0–3–371		2015 actual	2016 est.	2017 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	8,668	7,783	7,184
1251	Repayments: Repayments and prepayments	–885	–599	–424

1290	Outstanding, end of year	7,783	7,184	6,760


Identification code 020–4298–0–3–371		2014 actual	2015 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	280	125
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	8,668	7,783
1405	Allowance for subsidy cost (-)	–876	–865

1499	Net present value of assets related to direct loans	7,792	6,918

1999	Total assets	8,072	7,043
	LIABILITIES:
2103	Federal liabilities: Debt	8,072	7,043

4999	Total liabilities and net position	8,072	7,043

Trust Funds


Identification code 020–8524–0–7–451		2015 actual	2016 est.	2017 est.

0100	Balance, start of year			7
	Receipts:
	Current law:
1130	Affordable Housing Allocation, Capital Magnet Fund		98	73

2000	Total: Balances and receipts		98	80
	Appropriations:
	Current law:
2101	Capital Magnet Fund, Community Development Financial Institutions		–98	–73
2103	Capital Magnet Fund, Community Development Financial Institutions			–7
2132	Capital Magnet Fund, Community Development Financial Institutions		7

2199	Total current law appropriations		–91	–80

2999	Total appropriations		–91	–80

5099	Balance, end of year		7


Identification code 020–8524–0–7–451		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	CDFI Allocations		91	80

0900	Total new obligations (object class 41.0)		91	80

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)		98	73
1203	Appropriation (previously unavailable)			7
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced		–7

1260	Appropriations, mandatory (total)		91	80
1930	Total budgetary resources available		91	80

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts		91	80
3020	Outlays (gross)		–91	–80

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross		91	80
	Outlays, gross:
4100	Outlays from new mandatory authority		91	80
4180	Budget authority, net (total)		91	80
4190	Outlays, net (total)		91	80

The purpose of the Capital Magnet Fund (CMF) is to provide financial assistance grants to Community Development Financial Institutions (CDFIs) 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), which added section 1339 to the Federal Housing Enterprises Financial Safety and Soundness Act of 1992. HERA directs Fannie Mae and Freddie Mac to set aside in each fiscal year 4.2 basis points of each dollar of the unpaid principal balance of new business purchases to be allocated to the CMF and the Housing Trust Fund. The Federal Housing Finance Agency (FHFA), as regulator for Fannie Mae and Freddie Mac, suspended these assessments in November 2008 when Fannie Mae and Freddie Mac were placed into conservatorship. In 2010, the CMF received a one-time discretionary appropriation of $80 million. In December 2014, the FHFA directed Fannie Mae and Freddie Mac to begin allocating funds to the CMF. The Budget estimates that the CMF will receive assessments for the first time in 2016.


Identification code 020–8790–0–7–803		2015 actual	2016 est.	2017 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.

Federal Funds

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 $10,000 for official reception and representation expenses; and for assistance to Federal law enforcement agencies, with or without reimbursement, [$112,979,000] $115,003,000, of which not to exceed $34,335,000 shall remain available until September 30, [2018]2019. (Department of the Treasury Appropriations Act, 2016.)


Identification code 020–0173–0–1–751		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	BSA administration and Analysis	121	118	115

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	50	41	38
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	112	113	115
	Spending authority from offsetting collections, discretionary:
1700	Collected		2	2
1900	Budget authority (total)	112	115	117
1930	Total budgetary resources available	162	156	155
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	41	38	40

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	29	46	50
3010	Obligations incurred, unexpired accounts	121	118	115
3020	Outlays (gross)	–102	–114	–124
3041	Recoveries of prior year unpaid obligations, expired	–2

3050	Unpaid obligations, end of year	46	50	41
	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	28	46	50
3200	Obligated balance, end of year	46	50	41

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	112	115	117
	Outlays, gross:
4010	Outlays from new discretionary authority	65	86	88
4011	Outlays from discretionary balances	37	28	36

4020	Outlays, gross (total)	102	114	124
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–1	–2	–2
	Additional offsets against gross budget authority only:
4052	Offsetting collections credited to expired accounts	1

4070	Budget authority, net (discretionary)	112	113	115
4080	Outlays, net (discretionary)	101	112	122
4180	Budget authority, net (total)	112	113	115
4190	Outlays, net (total)	101	112	122

The mission of FinCEN is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities. FinCEN carries out its mission by exercising regulatory functions under the Bank Secrecy Act; targeting examination and enforcement efforts in high risk areas; receiving and maintaining financial transaction data; analyzing and disseminating the data for law enforcement purposes; and serving as the financial intelligence unit of the United States, which involves building global cooperation with counterpart organizations in foreign countries and international groups.


Identification code 020–0173–0–1–751		2015 actual	2016 est.	2017 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	32	41	42
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	33	42	43
12.1	Civilian personnel benefits	10	12	12
21.0	Travel and transportation of persons	1	1	1
23.1	Rental payments to GSA	5	4	4
23.3	Communications, utilities, and miscellaneous charges	2	2	2
25.1	Advisory and assistance services	2	1	1
25.2	Other services from non-Federal sources	26	17	16
25.3	Other goods and services from Federal sources	10	9	9
25.4	Operation and maintenance of facilities		1	1
25.7	Operation and maintenance of equipment	27	22	18
31.0	Equipment	4	7	7

99.0	Direct obligations	120	118	114
99.5	Adjustment for rounding	1		1

99.9	Total new obligations	121	118	115


Identification code 020–0173–0–1–751		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	275	343	343
2001	Reimbursable civilian full-time equivalent employment	1	1	1

Federal Funds

For necessary expenses of operations of the Bureau of the Fiscal Service, [$363,850,000] $353,057,000; of which not to exceed $4,210,000, to remain available until September 30, [2018] 2019, is for information systems modernization initiatives; and of which $5,000 shall be available for official reception and representation expenses [; and of which not to exceed $19,800,000, to remain available until September 30, 2018, is to support the Department's activities related to implementation of the Digital Accountability and Transparency Act (DATA Act; Public Law 113–101), including changes in business processes, workforce, or information technology to support high quality, transparent Federal spending information].

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, 2016.)


Identification code 020–0520–0–1–803		2015 actual	2016 est.	2017 est.

0100	Balance, start of year	4	8	8
0198	Reconciliation adjustment	5

0199	Balance, start of year	9	8	8
	Receipts:
	Current law:
1130	Debt Collection, Non-federal Receipts	132	130	154
1140	Debt Collection Improvement Fund, Federal Receipts	23	9	11

1199	Total current law receipts	155	139	165

1999	Total receipts	155	139	165

2000	Total: Balances and receipts	164	147	173
	Appropriations:
	Current law:
2101	Salaries and Expenses	–156	–139	–165
2103	Salaries and Expenses	–1	–1	–1
2132	Salaries and Expenses	1	1

2199	Total current law appropriations	–156	–139	–166

2999	Total appropriations	–156	–139	–166

5099	Balance, end of year	8	8	7


Identification code 020–0520–0–1–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Collections	35	39	40
0002	Debt Collection	135	139	165
0005	Accounting and Reporting	105	126	114
0006	Payments	121	118	115
0007	Retail Securities Services	77	70	71
0009	Wholesale Securities Services	11	11	13

0799	Total direct obligations	484	503	518
0801	Salaries and Expenses (Reimbursable)	179	177	157

0900	Total new obligations	663	680	675

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	112	110	110
1001	Discretionary unobligated balance brought fwd, Oct 1	16	17
1012	Unobligated balance transfers between expired and unexpired accounts	2
1022	Capital transfer of unobligated balances to general fund	–17

1050	Unobligated balance (total)	97	110	110
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	348	364	353
	Appropriations, mandatory:
1201	Special Fund 20–5445	156	139	165
1203	Appropriation (previously unavailable)	1	1	1
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–1	–1
1235	Capital transfer of appropriations to general fund	–5

1260	Appropriations, mandatory (total)	151	139	166
	Spending authority from offsetting collections, discretionary:
1700	Collected	161	177	157
1701	Change in uncollected payments, Federal sources	19

1750	Spending auth from offsetting collections, disc (total)	180	177	157
1900	Budget authority (total)	679	680	676
1930	Total budgetary resources available	776	790	786
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–3
1941	Unexpired unobligated balance, end of year	110	110	111
	Special and non-revolving trust funds:
1951	Unobligated balance expiring	2
1952	Expired unobligated balance, start of year	2
1953	Expired unobligated balance, end of year	11

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	139	89	189
3010	Obligations incurred, unexpired accounts	663	680	675
3011	Obligations incurred, expired accounts	16
3020	Outlays (gross)	–702	–580	–608
3041	Recoveries of prior year unpaid obligations, expired	–27

3050	Unpaid obligations, end of year	89	189	256
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–24	–26	–26
3070	Change in uncollected pymts, Fed sources, unexpired	–19
3071	Change in uncollected pymts, Fed sources, expired	17

3090	Uncollected pymts, Fed sources, end of year	–26	–26	–26
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	115	63	163
3200	Obligated balance, end of year	63	163	230

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	528	541	510
	Outlays, gross:
4010	Outlays from new discretionary authority	482	447	421
4011	Outlays from discretionary balances	71	14	63

4020	Outlays, gross (total)	553	461	484
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–179	–177	–157
4033	Non-Federal sources	–1

4040	Offsets against gross budget authority and outlays (total)	–180	–177	–157
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–19
4052	Offsetting collections credited to expired accounts	19

4070	Budget authority, net (discretionary)	348	364	353
4080	Outlays, net (discretionary)	373	284	327
	Mandatory:
4090	Budget authority, gross	151	139	166
	Outlays, gross:
4100	Outlays from new mandatory authority	55	9	10
4101	Outlays from mandatory balances	94	110	114

4110	Outlays, gross (total)	149	119	124
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4120	Federal sources	–1
4123	Non-Federal sources	–1

4130	Offsets against gross budget authority and outlays (total)	–2
	Additional offsets against gross budget authority only:
4142	Offsetting collections credited to expired accounts	2

4160	Budget authority, net (mandatory)	151	139	166
4170	Outlays, net (mandatory)	147	119	124
4180	Budget authority, net (total)	499	503	519
4190	Outlays, net (total)	520	403	451

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. Fiscal Service plays a key role in strengthening the Department's leadership in financial management across the Federal Government while maintaining existing core Federal financial management operations. This includes providing the disbursement of Federal Government payments; collecting receipts and delinquent debt; providing government-wide accounting and reporting services; borrowing the money needed to operate the Federal Government; accounting for the debt; and providing accounting and other reimbursable services to Government agencies.

The Budget provides resources to support the core operational activities of the Fiscal Service, with a focus on increasing the number of electronic transactions with the public; reducing improper payments; improving the effectiveness of debt collection activities; and developing new solutions for streamlining government-wide accounting. The Budget also provides resources to support the Bureau's government-wide leadership role in spending transparency including necessary technology upgrades as well as continued implementation efforts to support the execution of the Digital Accountability and Transparency Act of 2014.


Identification code 020–0520–0–1–803		2015 actual	2016 est.	2017 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	154	159	161
11.3	Other than full-time permanent	1	2	2
11.5	Other personnel compensation	3	6	6
11.8	Special personal services payments			24

11.9	Total personnel compensation	158	167	193
12.1	Civilian personnel benefits	51	53	55
21.0	Travel and transportation of persons	3	3	4
23.1	Rental payments to GSA	30	26	27
23.2	Rental payments to others	1	1	1
23.3	Communications, utilities, and miscellaneous charges	13	13	12
25.1	Advisory and assistance services	23	42	38
25.2	Other services from non-Federal sources	23	24	27
25.3	Other goods and services from Federal sources	165	157	138
25.4	Operation and maintenance of facilities	2	2	2
25.7	Operation and maintenance of equipment	5	5	5
26.0	Supplies and materials	3	3	3
31.0	Equipment	6	6	12
32.0	Land and structures	1	1	1

99.0	Direct obligations	484	503	518
99.0	Reimbursable obligations	179	177	157

99.9	Total new obligations	663	680	675


Identification code 020–0520–0–1–803		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	1,753	2,042	1,912
2001	Reimbursable civilian full-time equivalent employment	243	245	240


Identification code 020–0562–0–1–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Reimbursements to Federal Reserve Banks (Direct)	124	137	138

0900	Total new obligations (object class 25.3)	124	137	138

	Budgetary resources:
	Unobligated balance:
1021	Recoveries of prior year unpaid obligations	2
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	122	137	138
1930	Total budgetary resources available	124	137	138

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	28	36	35
3010	Obligations incurred, unexpired accounts	124	137	138
3020	Outlays (gross)	–114	–138	–138
3040	Recoveries of prior year unpaid obligations, unexpired	–2

3050	Unpaid obligations, end of year	36	35	35
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	28	36	35
3200	Obligated balance, end of year	36	35	35

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	122	137	138
	Outlays, gross:
4100	Outlays from new mandatory authority	86	103	104
4101	Outlays from mandatory balances	28	35	34

4110	Outlays, gross (total)	114	138	138
4180	Budget authority, net (total)	122	137	138
4190	Outlays, net (total)	114	138	138

This Fund was established by the Treasury, Postal Service, and General Government Appropriations Act of 1991 (P.L. 101–509, 104 Stat. 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.


Identification code 020–0504–0–1–901		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Direct program activity	251

0900	Total new obligations (object class 43.0)	251

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	251
1930	Total budgetary resources available	251

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	251
3020	Outlays (gross)	–251

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	251
	Outlays, gross:
4100	Outlays from new mandatory authority	251
4180	Budget authority, net (total)	251
4190	Outlays, net (total)	251


Identification code 020–1851–0–1–908		2015 actual	2016 est.	2017 est.

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

0900	Total new obligations (object class 41.0)	2,628	2,628	2,628

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

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	2,628	2,628	2,628
3020	Outlays (gross)	–2,628	–2,628	–2,628

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

The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 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 include REFCORP investment income, proceeds from the sale of assets or warrants acquired by the RTC, and annual contributions by the Federal Home Loan Banks. If these payment sources are insufficient to cover all interest costs, indefinite, mandatory funds appropriated to the Treasury shall be used to meet the shortfall.


Identification code 020–5581–0–2–371		2015 actual	2016 est.	2017 est.

0100	Balance, start of year
	Receipts:
	Current law:
1110	GSE Assessments, Hope Reserve Fund		93	70

2000	Total: Balances and receipts		93	70
	Appropriations:
	Current law:
2101	Hope Reserve Fund		–93	–70

5099	Balance, end of year


Identification code 020–5581–0–2–371		2015 actual	2016 est.	2017 est.

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1			87
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)		93	70
1230	Appropriations and/or unobligated balance of appropriations permanently reduced		–6

1260	Appropriations, mandatory (total)		87	70
1930	Total budgetary resources available		87	157
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year		87	157

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross		87	70
4180	Budget authority, net (total)		87	70
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 to be funded from assessments on Fannie Mae and Freddie Mac. The Federal Housing Finance Agency (FHFA), as regulator for Fannie Mae and Freddie Mac, suspended these assessments in November 2008 and reinstated them effective January 2015, subject to terms and conditions as prescribed by the FHFA.


Identification code 020–1884–0–1–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Federal Reserve Bank services	477	524	529

0900	Total new obligations (object class 25.2)	477	524	529

	Budgetary resources:
	Unobligated balance:
1021	Recoveries of prior year unpaid obligations	8
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	469	524	529
1930	Total budgetary resources available	477	524	529

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	106	126	162
3010	Obligations incurred, unexpired accounts	477	524	529
3020	Outlays (gross)	–449	–488	–529
3040	Recoveries of prior year unpaid obligations, unexpired	–8

3050	Unpaid obligations, end of year	126	162	162
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	106	126	162
3200	Obligated balance, end of year	126	162	162

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	469	524	529
	Outlays, gross:
4100	Outlays from new mandatory authority	343	362	357
4101	Outlays from mandatory balances	106	126	172

4110	Outlays, gross (total)	449	488	529
4180	Budget authority, net (total)	469	524	529
4190	Outlays, net (total)	449	488	529

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 in their capacity as depositaries and fiscal agents for the United States.


Identification code 020–1710–0–1–803		2015 actual	2016 est.	2017 est.

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

0900	Total new obligations (object class 42.0)	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:
3010	Obligations incurred, 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

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.


Identification code 020–1802–0–1–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Financial agent services	643	713	676

0900	Total new obligations (object class 25.2)	643	713	676

	Budgetary resources:
	Unobligated balance:
1021	Recoveries of prior year unpaid obligations	16

1050	Unobligated balance (total)	16
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	630	716	679
1220	Appropriations transferred to other accts [020–0126]	–3	–3	–3

1260	Appropriations, mandatory (total)	627	713	676
1930	Total budgetary resources available	643	713	676

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	59	50	50
3010	Obligations incurred, unexpired accounts	643	713	676
3020	Outlays (gross)	–636	–713	–676
3040	Recoveries of prior year unpaid obligations, unexpired	–16

3050	Unpaid obligations, end of year	50	50	50
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	59	50	50
3200	Obligated balance, end of year	50	50	50

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	627	713	676
	Outlays, gross:
4100	Outlays from new mandatory authority	577	663	660
4101	Outlays from mandatory balances	59	50	16

4110	Outlays, gross (total)	636	713	676
4180	Budget authority, net (total)	627	713	676
4190	Outlays, net (total)	636	713	676

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.


Identification code 020–1860–0–1–908		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Interest of uninvested funds	30	30	30

0900	Total new obligations (object class 43.0)	30	30	30

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	30	30	30
1930	Total budgetary resources available	30	30	30

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	56	71	71
3010	Obligations incurred, unexpired accounts	30	30	30
3020	Outlays (gross)	–15	–30	–30

3050	Unpaid obligations, end of year	71	71	71
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	56	71	71
3200	Obligated balance, end of year	71	71	71

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	30	30	30
	Outlays, gross:
4101	Outlays from mandatory balances	15	30	30
4180	Budget authority, net (total)	30	30	30
4190	Outlays, net (total)	15	30	30

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).


Identification code 020–1877–0–1–908		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Federal interest liabilities to States	1	2	2

0900	Total new obligations (object class 25.2)	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	Obligations incurred, 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

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 to states when Federal funds are not transferred to states in a timely manner.


Identification code 020–1880–0–1–908		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Interest paid to credit financing accounts	8,115	14,855	16,260

0900	Total new obligations (object class 43.0)	8,115	14,855	16,260

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	8,115	14,855	16,260
1930	Total budgetary resources available	8,115	14,855	16,260

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	8,115	14,855	16,260
3020	Outlays (gross)	–8,115	–14,855	–16,260

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	8,115	14,855	16,260
	Outlays, gross:
4100	Outlays from new mandatory authority	8,115	14,855	16,260
4180	Budget authority, net (total)	8,115	14,855	16,260
4190	Outlays, net (total)	8,115	14,855	16,260

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.


Identification code 020–1895–0–1–808		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Claims for damages	3	8	2
0002	Claims for Fire Fighting	1
0003	Claims for contract disputes	538	240	240

0091	Total claims adjudicated administratively	542	248	242
0101	Judgments, Court of Claims	1,188	626	256
0102	Judgments, U.S. courts	706	456	430

0191	Total court judgments	1,894	1,082	686

0900	Total new obligations (object class 42.0)	2,436	1,330	928

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2,436	1,330	928
1930	Total budgetary resources available	2,436	1,330	928

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	833	235
3010	Obligations incurred, unexpired accounts	2,436	1,330	928
3020	Outlays (gross)	–3,034	–1,565	–928

3050	Unpaid obligations, end of year	235
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	833	235
3200	Obligated balance, end of year	235

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	2,436	1,330	928
	Outlays, gross:
4100	Outlays from new mandatory authority	2,201	1,330	928
4101	Outlays from mandatory balances	833	235

4110	Outlays, gross (total)	3,034	1,565	928
4180	Budget authority, net (total)	2,436	1,330	928
4190	Outlays, net (total)	3,034	1,565	928

Appropriations are made 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. P. L. 95–26 authorized a permanent, indefinite appropriation to pay certain judgments from the General Fund of the Treasury.


Identification code 020–1875–0–1–908		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Restitution of Forgone Interest (Direct)		1,717

0900	Total new obligations (object class 43.0)		1,717

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation		1,717
1930	Total budgetary resources available		1,717

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts		1,717
3020	Outlays (gross)		–1,717

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross		1,717
	Outlays, gross:
4100	Outlays from new mandatory authority		1,717
4180	Budget authority, net (total)		1,717
4190	Outlays, net (total)		1,717

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.


Identification code 020–0114–0–1–271		2015 actual	2016 est.	2017 est.

	Addendum:
	Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310	Outstanding, start of year	27
2361	Write-offs of loans receivable	–27

2390	Outstanding, end of year

This account was created to provide loan guarantees for the construction of biomass to ethanol facilities, as authorized under Title II of the Energy Security Act of 1980. The loans guaranteed by this account went into default. The guarantees have been paid off, and the assets have been liquidated.


Identification code 020–0114–0–1–271		2014 actual	2015 actual

	ASSETS:
1701	Defaulted guaranteed loans, gross	27
1702	Interest receivable	5
1703	Allowance for estimated uncollectible loans and interest (-)	–26

1799	Value of assets related to loan guarantees	6

1999	Total assets	6
	LIABILITIES:
2104	Federal liabilities: Resources payable to Treasury	6

4999	Total liabilities and net position	6


Identification code 020–5688–0–2–376		2015 actual	2016 est.	2017 est.

0100	Balance, start of year	7	6	37
	Receipts:
	Current law:
1110	Antidumping and Countervailing Duties, Continued Dumping and Subsidy Offset	104	88	88

2000	Total: Balances and receipts	111	94	125
	Appropriations:
	Current law:
2101	Continued Dumping and Subsidy Offset	–104	–55	–45
2103	Continued Dumping and Subsidy Offset	–7	–6	–4
2132	Continued Dumping and Subsidy Offset	6	4

2199	Total current law appropriations	–105	–57	–49

2999	Total appropriations	–105	–57	–49

5099	Balance, end of year	6	37	76


Identification code 020–5688–0–2–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Continued dumping and subsidy offset	91	57	49

0900	Total new obligations (object class 41.0)	91	57	49

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	191	205	205
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	104	55	45
1203	Appropriation (previously unavailable)	7	6	4
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–6	–4

1260	Appropriations, mandatory (total)	105	57	49
1930	Total budgetary resources available	296	262	254
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	205	205	205

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	91	57	49
3020	Outlays (gross)	–91	–57	–49

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	105	57	49
	Outlays, gross:
4100	Outlays from new mandatory authority		6	4
4101	Outlays from mandatory balances	91	51	45

4110	Outlays, gross (total)	91	57	49
4180	Budget authority, net (total)	105	57	49
4190	Outlays, net (total)	91	57	49

The Bureau of Customs and Border Protection, Department of Homeland Security, 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, the Bureau of Customs and Border Protection, through the Treasury, distributes these duties to affected domestic producers. These distributions provide a significant additional subsidy to producers that already gain protection from the increased import prices provided by the 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.


Identification code 020–4109–0–3–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0801	Check Forgery Insurance Fund (Reimbursable)	15	16	16

0900	Total new obligations (object class 42.0)	15	16	16

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	3	2	2
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	14	16	16
1930	Total budgetary resources available	17	18	18
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	2	2	2

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	15	16	16
3020	Outlays (gross)	–15	–16	–16

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	14	16	16
	Outlays, gross:
4100	Outlays from new mandatory authority	11	12	12
4101	Outlays from mandatory balances	4	4	4

4110	Outlays, gross (total)	15	16	16
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–14	–16	–16
4180	Budget authority, net (total)
4190	Outlays, net (total)	1

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.

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

Trust Funds


Identification code 020–8627–0–7–452		2015 actual	2016 est.	2017 est.

0100	Balance, start of year	3	1	1

2000	Total: Balances and receipts	3	1	1
	Appropriations:
	Current law:
2103	Yankton Sioux Tribe Development Trust Fund	–2

5099	Balance, end of year	1	1	1


Identification code 020–8627–0–7–452		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Yankton Sioux Tribe Development Trust Fund (Direct)	2

0900	Total new obligations (object class 43.0)	2

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1203	Appropriation (previously unavailable)	2
1930	Total budgetary resources available	2

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

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

The Yankton Sioux Tribe Development Trust Fund was established by P.L. 107–331 to carry out projects and programs under section 206 of the act for economic and infrastructure development projects. The legislation required principal and a past interest amount to be calculated by the Department of the Treasury and transferred into the Fund on October 1, 2013. In 2015, the Fund's remaining holdings were transferred to the Department of the Interior/Office of Special Trustee for management of its investments.


Identification code 020–8209–0–7–306		2015 actual	2016 est.	2017 est.

0100	Balance, start of year	57	60	60
0198	Rounding adjustment	3

0199	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


Identification code 020–8209–0–7–306		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restorat (Direct)	3	2	2

0900	Total new obligations (object class 43.0)	3	2	2

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	4	2	1
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	1	1	1
1930	Total budgetary resources available	5	3	2
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	2	1

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	3	2	2
3020	Outlays (gross)	–3	–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
4101	Outlays from mandatory balances	3	1	1

4110	Outlays, gross (total)	3	2	2
4180	Budget authority, net (total)	1	1	1
4190	Outlays, net (total)	3	2	2

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	65	62	61
5001	Total investments, EOY: Federal securities: Par value	62	61	60

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 the interest earned from these investments.


Identification code 020–8625–0–7–452		2015 actual	2016 est.	2017 est.

0100	Balance, start of year	25	13	10
	Receipts:
	Current law:
1110	Administrative and Civil Penalties, Gulf Coast Restoration Trust Fund	163	129	303

2000	Total: Balances and receipts	188	142	313
	Appropriations:
	Current law:
2101	Gulf Coast Restoration Trust Fund	–163	–129	–169
2103	Gulf Coast Restoration Trust Fund	–24	–12	–9
2132	Gulf Coast Restoration Trust Fund	12	9

2199	Total current law appropriations	–175	–132	–178

2999	Total appropriations	–175	–132	–178

5099	Balance, end of year	13	10	135


Identification code 020–8625–0–7–452		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Direct Component	1	45	1
0002	Comprehensive Plan Component	2	158	37
0003	Oil Spill Restoration Impact Component		180	60
0004	NOAA RESTORE Act Science Program	3		6
0005	Centers of Excellence Research Grants	8	8

0900	Total new obligations (object class 41.0)	14	391	104

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	628	789	530
	Budget authority:
	Appropriations, discretionary:
1120	Appropriations transferred to other accts [020–0101]			–7
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	163	129	169
1203	Appropriation (previously unavailable)	24	12	9
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–12	–9

1260	Appropriations, mandatory (total)	175	132	178
1900	Budget authority (total)	175	132	171
1930	Total budgetary resources available	803	921	701
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	789	530	597

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1		9	140
3010	Obligations incurred, unexpired accounts	14	391	104
3020	Outlays (gross)	–5	–260	–185

3050	Unpaid obligations, end of year	9	140	59
	Memorandum (non-add) entries:
3100	Obligated balance, start of year		9	140
3200	Obligated balance, end of year	9	140	59

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross			–7
	Outlays, gross:
4010	Outlays from new discretionary authority			–7
	Mandatory:
4090	Budget authority, gross	175	132	178
	Outlays, gross:
4100	Outlays from new mandatory authority	5	1	1
4101	Outlays from mandatory balances		259	191

4110	Outlays, gross (total)	5	260	192
4180	Budget authority, net (total)	175	132	171
4190	Outlays, net (total)	5	260	185

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	652	810	679
5001	Total investments, EOY: Federal securities: Par value	810	679	656

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.

Federal Funds


Identification code 020–4521–0–4–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0801	Administrative Expenses	8	15	12
0802	Interest on borrowings from Treasury	1,765	1,444	1,566
0803	Interest on borrowings from CRSDF	478	484	401

0900	Total new obligations	2,251	1,943	1,979

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1,054	1,354	1,705
1023	Unobligated balances applied to repay debt	–40

1050	Unobligated balance (total)	1,014	1,354	1,705
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	2,591	2,294	2,164
1930	Total budgetary resources available	3,605	3,648	3,869
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1,354	1,705	1,890

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1	1	1
3010	Obligations incurred, unexpired accounts	2,251	1,943	1,979
3020	Outlays (gross)	–2,251	–1,943	–1,979

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	2,591	2,294	2,164
	Outlays, gross:
4100	Outlays from new mandatory authority	2,251	1,943	1,979
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4120	Federal sources	–2,591	–2,294	–2,164
4180	Budget authority, net (total)
4190	Outlays, net (total)	–340	–351	–185

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	494	494	7
5001	Total investments, EOY: Federal securities: Par value	494	7	7

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 in 1992, however, agencies finance such loan programs through direct loan financing accounts that borrow directly from the Treasury. In certain cases, the FFB finances Federal direct loans to the public that would otherwise be made by private lenders and fully guaranteed by a Federal agency. FFB loans are also used to finance direct agency activities such as construction of Federal buildings by the General Services Administration and 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 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.

By law, the FFB receives substantially less interest each year on certain Department of Agriculture loans that it holds than it is contractually entitled to receive. For example, during 2015, as a result of this provision, the FFB received $60.4 million less than it was contractually entitled to receive.

In 2014, the FFB's net inflows were $520 million, while in 2015, FFB's net inflows were $352 million.

In addition to its authority to borrow from the Treasury, 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, as explained in the chapter on Federal Borrowing and Debt in the Analytical Perspectives volume of the Budget.

The following table shows the annual net lending by the FFB by agency and program and the amount outstanding at the end of each year.


	2015 Actual	2016 Estimate	2017 Estimate

A. Department of Agriculture:
1. Rural Utilities Service:
Lending, net	–1,050	2,492	2,798
Loans outstanding	41,675	44,167	46,965
B. Department of Education:
1. Historically black colleges and universities:
Lending, net	124	91	95
Loans outstanding	1,384	1,475	1,570
C. Department of Energy:
1. Title 17 innovative technology loans:
Lending, net	1,650	1,560	2,253
Loans outstanding	11,019	12,579	14,832
2. Advanced technology vehicles manufacturing loans:
Lending, net	–650	85	868
Loans outstanding	4,510	4,595	5,463
D. Department of Housing and Urban Development:
1. Multifamily Risk Share Program:
Lending, net	102	241	338
Loans outstanding	102	343	681
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	87	169	349
Loans outstanding	125	294	643
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	........	.......	.......
Loans outstanding	15,000	15,000	15,000


Total lending:
Lending, net	263	4,638	6,701
Loans outstanding	73,820	78,458	85,159


Identification code 020–4521–0–4–803		2015 actual	2016 est.	2017 est.

	Reimbursable obligations:
25.2	Other services from non-Federal sources	8	15	12
43.0	Interest and dividends	2,243	1,928	1,967

99.9	Total new obligations	2,251	1,943	1,979

Federal Funds

For necessary expenses of carrying out section 1111 of the Homeland Security Act of 2002, including hire of passenger motor vehicles, $106,439,000; of which not to exceed $6,000 for official reception and representation expenses; not to exceed $50,000 for cooperative research and development programs for laboratory services; and provision of laboratory assistance to State and local agencies with or without reimbursement: Provided, That of the amount appropriated under this heading, [$5,000,000 shall be for the costs of accelerating the processing of formula and label applications] such sums as are necessary shall be available to fully support tax enforcement and compliance 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, 2016.)


Identification code 020–1008–0–1–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Protect the Public	48	53	53
0002	Collect revenue	51	53	58

0192	Total direct program	99	106	111

0799	Total direct obligations	99	106	111
0801	Protect the Public	2	3	3
0802	Collect Revenue	4	4	4

0899	Total reimbursable obligations	6	7	7

0900	Total new obligations	105	113	118

	Budgetary resources:
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	100	106	106
1121	Appropriations transferred from other acct [020–0913]			5

1160	Appropriation, discretionary (total)	100	106	111
	Spending authority from offsetting collections, discretionary:
1700	Collected	4	7	7
1701	Change in uncollected payments, Federal sources	2

1750	Spending auth from offsetting collections, disc (total)	6	7	7
1900	Budget authority (total)	106	113	118
1930	Total budgetary resources available	106	113	118
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	21	22	23
3010	Obligations incurred, unexpired accounts	105	113	118
3011	Obligations incurred, expired accounts	1
3020	Outlays (gross)	–104	–112	–117
3041	Recoveries of prior year unpaid obligations, expired	–1

3050	Unpaid obligations, end of year	22	23	24
	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	18	20	21
3200	Obligated balance, end of year	20	21	22

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	106	113	118
	Outlays, gross:
4010	Outlays from new discretionary authority	88	94	98
4011	Outlays from discretionary balances	16	18	19

4020	Outlays, gross (total)	104	112	117
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–4	–1	–1
4033	Non-Federal sources	–3	–6	–6

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	3

4060	Additional offsets against budget authority only (total)	1

4070	Budget authority, net (discretionary)	100	106	111
4080	Outlays, net (discretionary)	97	105	110
4180	Budget authority, net (total)	100	106	111
4190	Outlays, net (total)	97	105	110

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.

The Budget proposes an amendment to section 251 of the Balanced Budget and Emergency Deficit Control Act (BBEDCA) of 1985, as amended, to provide a statutory change that will allow adjustments to the discretionary caps for additional IRS appropriations, including $5 million to be transferred to TTB to improve alcohol and tobacco enforcement and compliance. The cap adjustment is premised on fully funding the 2017 Budget request for TTB base resources. The new tax enforcement and compliance initiatives for TTB are to be funded via transfers from the IRS cap adjustments through 2026. The program integrity cap proposal entails 10 years of cap adjustments for TTB costing $189 million while generating additional tax revenue of $338 million, for a net savings of $149 million. These estimates do not include the revenue effect from the deterrence component of these investments and other TTB enforcement programs, which is conservatively estimated to be three times the direct revenue impact. See additional discussion in the Budget Process chapter in the Analytical Perspectives volume.


Identification code 020–1008–0–1–803		2015 actual	2016 est.	2017 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	45	48	48
11.1	Full-time permanent (IRS Program Integrity Transfer)			2
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	46	49	51
12.1	Civilian personnel benefits	14	14	14
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	2	2	2
25.1	Advisory and assistance services	9
25.2	Other services from non-Federal sources	9	25	25
25.2	Other services from non-Federal sources (IRS Program Integrity Transfer)			1
25.3	Other goods and services from Federal sources	7	8	8
25.3	Other goods and services from Federal sources (IRS Program Integrity Transfer)			2
25.7	Operation and maintenance of equipment	3
31.0	Equipment	3	2	2

99.0	Direct obligations	99	106	111
99.0	Reimbursable obligations	6	7	7

99.9	Total new obligations	105	113	118


Identification code 020–1008–0–1–803		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	456	494	494
1001	Direct civilian full-time equivalent employment			35
2001	Reimbursable civilian full-time equivalent employment	10	10	10


Identification code 020–5737–0–2–806		2015 actual	2016 est.	2017 est.

0100	Balance, start of year
	Receipts:
	Current law:
1110	Deposits, Internal Revenue Collections for Puerto Rico	343	403	372

2000	Total: Balances and receipts	343	403	372
	Appropriations:
	Current law:
2101	Internal Revenue Collections for Puerto Rico	–343	–403	–372

5099	Balance, end of year


Identification code 020–5737–0–2–806		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Internal revenue collections for Puerto Rico	343	403	372

0900	Total new obligations (object class 41.0)	343	403	372

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	343	403	372
1930	Total budgetary resources available	343	403	372

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	343	403	372
3020	Outlays (gross)	–343	–403	–372

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	343	403	372
	Outlays, gross:
4100	Outlays from new mandatory authority	343	403	372
4180	Budget authority, net (total)	343	403	372
4190	Outlays, net (total)	343	403	372

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 generally applicable distilled spirits rate of $13.50 per proof gallon. (26 U.S.C. 5001(a)(1)). Excise tax collections on imported rum are covered-over to Puerto Rico and the U.S. Virgin Islands under a permanent legislative provision 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, 2017), or the tax imposed under section 5001(a)(1), on each proof gallon. (26 U.S.C. 7652(f)).

Federal Funds


Identification code 020–4502–0–4–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0801	Currency program	636	848	836
0803	Other programs		15	10

0900	Total new obligations	636	863	846

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	70	101	101
	Budget authority:
	Spending authority from offsetting collections, discretionary:
1700	Collected	671	863	846
1701	Change in uncollected payments, Federal sources	–4

1750	Spending auth from offsetting collections, disc (total)	667	863	846
1930	Total budgetary resources available	737	964	947
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	101	101	101

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	106	109	5
3010	Obligations incurred, unexpired accounts	636	863	846
3020	Outlays (gross)	–633	–967	–846

3050	Unpaid obligations, end of year	109	5	5
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–47	–43	–43
3070	Change in uncollected pymts, Fed sources, unexpired	4

3090	Uncollected pymts, Fed sources, end of year	–43	–43	–43
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	59	66	–38
3200	Obligated balance, end of year	66	–38	–38

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	667	863	846
	Outlays, gross:
4010	Outlays from new discretionary authority	457	863	846
4011	Outlays from discretionary balances	176	104

4020	Outlays, gross (total)	633	967	846
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4033	Non-Federal sources	–671	–863	–846

4040	Offsets against gross budget authority and outlays (total)	–671	–863	–846
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	4
4080	Outlays, net (discretionary)	–38	104
4180	Budget authority, net (total)
4190	Outlays, net (total)	–38	104

The mission of the Bureau of Engraving and Printing (BEP) is to develop and produce U.S. currency notes that are trusted worldwide. Additionally, in 2005, the BEP was given legal authority to print currency for foreign countries with approval of the State Department. The operations of the Bureau are financed by a revolving fund established in 1950 in accordance with Public Law 81–656 (31 U.S.C. 181), which requires the Bureau to be reimbursed by customer agencies for all costs of manufacturing products provided and services performed. In 1977, Public Law 95–81 authorized the Bureau to assess customer agencies for amounts necessary to acquire capital equipment and provide for working capital needs.

BEP's strategic goals are to produce U.S. currency that functions flawlessly in commerce; create innovative currency designs to provide effective counterfeit deterrence and meaningful access to currency note usage for all; and achieve organizational excellence and customer satisfaction through balanced investment in people, processes, facilities, and technology. In addition to producing currency notes, activities at the Bureau include engraving plates and dies; manufacturing inks used to print security products; purchasing materials, supplies, and equipment; and storing and delivering products in accordance with the requirements of customers. The Bureau also provides technical assistance and advice to other Federal agencies in the design and production of documents that, because of their innate value or other characteristics, require counterfeit deterrence.

For 2017, BEP is planning for an expected currency production order of about eight billion notes, representing a slight decrease from the number of notes ordered by the Federal Reserve Board for 2016. 2017 priorities include: (1) producing and delivering currency notes ordered by the Federal Reserve Board that consistently meet high quality standards, (2) conducting research and development and collaborating with key stakeholders to deter counterfeiting and maintain public trust in the security and reliability of U.S. currency notes, (3) assisting users of U.S. currency, including the blind and visually impaired, with the use and denomination of currency, and (4) modernizing the production process in the District of Columbia region.

Research into and the development of new technologies for possible use in currency production are priorities at the Bureau as more sophisticated counterfeit deterrent features are needed to protect future generations of currency notes. In 2017, BEP will continue its efforts to research and develop security features working with the National Research Labs to expand outreach to identify new technologies that may be used in feature development. In addition, via its website, www.bep.gov, BEP seeks information on technologies that would enhance the longevity and durability of currency notes in circulation and new technologies or materials that could be developed for future use in counterfeit deterrence.

Because aggressive law enforcement, effective note design, and public education are all essential components of an effective anti-counterfeiting program, the Bureau will continue its work in 2017 with the Advanced Counterfeit Deterrence (ACD) Steering Committee to research and develop future currency designs that will enhance and protect U.S. currency notes. The ACD Steering Committee includes representatives from BEP, the Department of the Treasury, the U.S. Secret Service, and the Federal Reserve Board. In 2017, BEP will continue working with the ACD Steering Committee to research and develop security features for the next family of redesigned notes that will enhance and protect U.S. currency notes. The $10 note is the first note in the family to be redesigned.


Identification code 020–4502–0–4–803		2015 actual	2016 est.	2017 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	174	175	178
11.5	Other personnel compensation	19	19	17

11.9	Total personnel compensation	193	194	195
12.1	Civilian personnel benefits	55	51	51
21.0	Travel and transportation of persons	1	1	1
23.1	Rental payments to GSA	1	2	2
23.2	Rental payments to others		1	1
23.3	Communications, utilities, and miscellaneous charges	9	14	14
25.1	Advisory and assistance services	2	3	3
25.2	Other services from non-Federal sources	42	122	110
25.4	Operation and maintenance of facilities		8	8
25.5	Research and development contracts		7	7
25.7	Operation and maintenance of equipment		12	12
26.0	Supplies and materials	294	292	300
31.0	Equipment	37	154	139

99.0	Reimbursable obligations	634	861	843
99.5	Adjustment for rounding	2	2	3

99.9	Total new obligations	636	863	846


Identification code 020–4502–0–4–803		2015 actual	2016 est.	2017 est.

2001	Reimbursable civilian full-time equivalent employment	1,800	1,924	1,924

Federal Funds

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 [2016] 2017 under such section 5136 for circulating coinage and protective service capital investments of the United States Mint shall not exceed [$20,000,000] $30,000,000. (Department of the Treasury Appropriations Act, 2016.)


Identification code 020–4159–0–3–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0806	Total Operating	2,909	2,866	2,915
0807	Circulating and Protection Capital	18	19	30
0808	Numismatic Capital	11	11	11

0900	Total new obligations	2,938	2,896	2,956

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	507	704	693
1021	Recoveries of prior year unpaid obligations	15	50	35
1022	Capital transfer of unobligated balances to general fund	–11	–61	–30

1050	Unobligated balance (total)	511	693	698
	Budget authority:
	Spending authority from offsetting collections, discretionary:
1700	Collected	3,137	2,896	2,956
1701	Change in uncollected payments, Federal sources	–6

1750	Spending auth from offsetting collections, disc (total)	3,131	2,896	2,956
1930	Total budgetary resources available	3,642	3,589	3,654
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	704	693	698

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	280	304	230
3010	Obligations incurred, unexpired accounts	2,938	2,896	2,956
3020	Outlays (gross)	–2,899	–2,920	–2,950
3040	Recoveries of prior year unpaid obligations, unexpired	–15	–50	–35

3050	Unpaid obligations, end of year	304	230	201
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–6
3070	Change in uncollected pymts, Fed sources, unexpired	6
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	274	304	230
3200	Obligated balance, end of year	304	230	201

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	3,131	2,896	2,956
	Outlays, gross:
4010	Outlays from new discretionary authority	2,818	2,601	2,655
4011	Outlays from discretionary balances	81	319	295

4020	Outlays, gross (total)	2,899	2,920	2,950
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–3
4033	Non-Federal sources	–3,117	–2,896	–2,956
4034	Offsetting governmental collections	–17

4040	Offsets against gross budget authority and outlays (total)	–3,137	–2,896	–2,956
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	6
4080	Outlays, net (discretionary)	–238	24	–6
4180	Budget authority, net (total)
4190	Outlays, net (total)	–238	24	–6

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 (codified at section 5136 of Title 31, United States Code). 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 2015, the Mint transferred $561 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 2017 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. Amounts used to finance the Mint's capital acquisitions are recorded as budget authority in the year that funds are obligated.

The 2017 Budget includes a proposal to limit the requirement that the number of $1 coins minted and issued in a year with the Sacagawea design on the obverse be not less than 20 percent of the total number of $1 coins minted and issued. Limiting the 20-percent requirement to circulating coins avoids the need to mint and issue Native American $1 coins in excess of the amounts that numismatic customers demand. FRBs hold excessive inventories of $1 coins because depository institutions are re-depositing significant amounts of the coins with the FRBs. To address the excessive $1 coin inventory, in December 2011, the Mint suspended production of all $1 coins for circulation and, since that time, has minted and issued $1 coins solely for numismatic purposes.

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, and platinum 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.


Identification code 020–4159–0–3–803		2015 actual	2016 est.	2017 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	127	150	150
11.3	Other than full-time permanent	1
11.5	Other personnel compensation	16	13	13

11.9	Total personnel compensation	144	163	163
12.1	Civilian personnel benefits	45	53	53
13.0	Benefits for former personnel		1	1
21.0	Travel and transportation of persons	2	2	3
22.0	Transportation of things	35	29	29
23.2	Rental payments to others	14	14	14
23.3	Communications, utilities, and miscellaneous charges	13	17	17
24.0	Printing and reproduction	1	1	1
25.1	Advisory and assistance services	27	34	34
25.2	Other services from non-Federal sources	14	38	37
25.3	Other goods and services from Federal sources	19	20	20
25.4	Operation and maintenance of facilities	6	3	3
25.5	Research and development contracts		2	2
25.7	Operation and maintenance of equipment	7	8	8
26.0	Supplies and materials	2,579	2,478	2,528
31.0	Equipment	22	21	31
32.0	Land and structures	9	12	12

99.0	Reimbursable obligations	2,937	2,896	2,956
99.5	Adjustment for rounding	1

99.9	Total new obligations	2,938	2,896	2,956


Identification code 020–4159–0–3–803		2015 actual	2016 est.	2017 est.

2001	Reimbursable civilian full-time equivalent employment	1,651	1,874	1,874

The Internal Revenue Service (IRS) collects the revenue that funds the Government and administers the Nation's tax laws. During 2015, the IRS processed 201 million tax returns and collected $3.3 trillion in taxes (gross receipts before tax refunds), totaling 93 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 2017 Budget provides $12,280 million for the IRS to implement key strategic priorities.

Enforcement Program.—The Budget includes an Enforcement account increase to implement enacted legislation; 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. This increase includes a program integrity cap adjustment totaling $515 million, which supports the Enforcement ($231 million) and the Operations Support accounts ($283 million), including a $5 million to transfer to the Alcohol and Tobacco Tax and Trade Bureau (TTB) for high return on investment (ROI) tax enforcement activities. The Budget proposes an amendment to section 251 of the Balanced Budget and Emergency Deficit Control Act (BBEDCA) of 1985, as amended, to provide a statutory change that will allow adjustments to the discretionary caps for additional IRS appropriations. To ensure full funding of the cost increases, this cap adjustment is permissible in 2017 only if the base level for the IRS Enforcement, Operations Support, and TTB accounts are funded at or above $8,854 million. The new 2017 enforcement initiatives funded out of this cap adjustment will generate more than $2.6 billion in additional annual enforcement revenue once the new hires reach full potential in 2019. At full performance, these resources are expected to generate an ROI of nearly $6-to-$1, not including the indirect revenue effect of the deterrence value of these enforcement investments, which is estimated to be at least three times the direct revenue impact. In addition to the new enforcement initiatives for 2017, the Budget also proposes new tax enforcement and compliance initiatives for the IRS and TTB funded via cap adjustments through 2021 and sustained with additional adjustments through 2026. In total, the proposal entails 10 years of cap adjustments costing $18 billion while generating $64 billion, for a net savings of $46 billion. See additional discussion in the Budget Process chapter in the Analytical Perspectives volume.

Taxpayer Service Program.—The Budget includes a significant investment in Taxpayer Services that will allow the IRS to further improve customer service to meet taxpayer demand and continue delivering services to taxpayers using a variety of in-person, telephone, and web-based methods. These tools will help taxpayers understand their obligations, correctly file their returns, and pay taxes due in a timely manner. The IRS is committed to increasing the service options available through the IRS website and mobile application, allowing more taxpayers to reach the IRS through the Internet. Notably, in 2015, there were more than 493 million visits to www.IRS.gov, and taxpayers checked their refund status more than 234 million times by accessing Where's My Refund? on the IRS website in English or Spanish. Taxpayers can also use automated features on the IRS toll-free phone system. Additionally, the IRS2Go mobile application had over 3.8 million active users in 2015. While the IRS works to move taxpayer interactions to more efficient web-based channels, the 2017 Budget provides enough resources to increase the telephone level of service to 70 percent.

Modernization Program.—IRS modernization efforts focus on building and deploying advanced information technology systems, processes, and tools to improve efficiency and enhance productivity. 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. The Budget provides new investments in the Business Systems Modernization (BSM) Program to expand the capabilities of the Customer Account Data Engine (CADE) 2 relational database and address IRS's financial material weakness, enhance the taxpayer's online experience and provide secure digital communications; complete the design, development, and testing of various estate and gift tax forms for electronic acceptance; and increase fraud detection, resolution, and prevention through use of the Return Review Program (RRP). Using leading-edge technologies that promote speed and enhance data analytics, RRP will advance IRS effectiveness in detecting, addressing, and preventing tax refund fraud and in protecting the Nation's revenue stream. RRP will eventually replace the legacy Electronic Fraud Detection System built in the mid-1990s. The IRS is expanding its web-based customer service channel by building on existing capabilities to simplify and improve the taxpayer's online experience, provide secure digital communications, and add more interactive capabilities to existing web self-service products.

Federal Funds

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, [$2,156,554,000] $2,406,318,000, of which not less than $6,500,000 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, [and] of which not less than [$15,000,000, to] $191,822,000 shall remain available until September 30, [2017, shall be available for a Community Volunteer Income Tax Assistance matching grants program for tax return preparation assistance] 2018, and of which not less than $206,000,000 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 $5,000,000 shall be for identity theft casework: Provided further, That, of the amounts made available until September 30, 2018, not less than $15,000,000 shall be available for a Community Volunteer Income Tax Assistance matching grants program for tax return preparation assistance. (Department of the Treasury Appropriations Act, 2016.)


Identification code 020–0912–0–1–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Pre-filing taxpayer assistance and education	621	640	646
0002	Filing and account services	1,612	1,795	1,878

0100	Subtotal, direct programs	2,233	2,435	2,524

0799	Total direct obligations	2,233	2,435	2,524
0801	Taxpayer Services (Reimbursable)	30	35	36

0900	Total new obligations	2,263	2,470	2,560

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	7	10	11
1011	Unobligated balance transfer from other acct [020–5432]	40	39	14
1012	Unobligated balance transfers between expired and unexpired accounts	7

1050	Unobligated balance (total)	54	49	25
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	2,157	2,333	2,406
1121	Appropriations transferred from other acct [020–5432]	4	64	103
1121	Appropriations transferred from other acct [020–0913]	30

1160	Appropriation, discretionary (total)	2,191	2,397	2,509
	Spending authority from offsetting collections, discretionary:
1700	Collected	30	35	36
1900	Budget authority (total)	2,221	2,432	2,545
1930	Total budgetary resources available	2,275	2,481	2,570
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–2
1941	Unexpired unobligated balance, end of year	10	11	10

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	117	117	126
3010	Obligations incurred, unexpired accounts	2,263	2,470	2,560
3011	Obligations incurred, expired accounts	6
3020	Outlays (gross)	–2,255	–2,461	–2,550
3041	Recoveries of prior year unpaid obligations, expired	–14

3050	Unpaid obligations, end of year	117	126	136
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	117	117	126
3200	Obligated balance, end of year	117	126	136

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	2,221	2,432	2,545
	Outlays, gross:
4010	Outlays from new discretionary authority	2,101	2,312	2,421
4011	Outlays from discretionary balances	154	149	129

4020	Outlays, gross (total)	2,255	2,461	2,550
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–35	–35	–36
4033	Non-Federal sources	–2

4040	Offsets against gross budget authority and outlays (total)	–37	–35	–36
	Additional offsets against gross budget authority only:
4052	Offsetting collections credited to expired accounts	7

4070	Budget authority, net (discretionary)	2,191	2,397	2,509
4080	Outlays, net (discretionary)	2,218	2,426	2,514
4180	Budget authority, net (total)	2,191	2,397	2,509
4190	Outlays, net (total)	2,218	2,426	2,514

This appropriation provides resources for taxpayer service programs, which help taxpayers understand their tax obligations, correctly file their returns, and pay taxes due in a timely manner. It also supports a number of other activities, including forms and publications; processing of tax returns and related documents; filing and account services; and taxpayer advocacy services.


Identification code 020–0912–0–1–803		2015 actual	2016 est.	2017 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	1,464	1,637	1,745
11.3	Other than full-time permanent	41	43	44
11.5	Other personnel compensation	35	66	70
11.8	Special personal services payments	1	1	1

11.9	Total personnel compensation	1,541	1,747	1,860
12.1	Civilian personnel benefits	539	472	466
21.0	Travel and transportation of persons	12	18	19
22.0	Transportation of things	1	1	1
23.3	Communications, utilities, and miscellaneous charges	1	1	2
24.0	Printing and reproduction	8	10	10
25.1	Advisory and assistance services	26	43	25
25.2	Other services from non-Federal sources	7	37	38
25.3	Other goods and services from Federal sources	66	64	66
25.7	Operation and maintenance of equipment		2	2
26.0	Supplies and materials	5	6	6
41.0	Grants, subsidies, and contributions	25	33	29
42.0	Insurance claims and indemnities		1

99.0	Direct obligations	2,231	2,435	2,524
99.0	Reimbursable obligations	30	35	37
99.5	Adjustment for rounding	2		–1

99.9	Total new obligations	2,263	2,470	2,560


Identification code 020–0912–0–1–803		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	27,476	30,370	31,056
1001	Direct civilian full-time equivalent employment	181	661	1,377
2001	Reimbursable civilian full-time equivalent employment	464	487	512
3001	Allocation account civilian full-time equivalent employment	287

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, [$4,860,000,000] $5,216,263,000, of which not to exceed [$50,000,000] $54,936,000 shall remain available until September 30, [2017] 2018, and of which not less than $60,257,000 shall be for the Interagency Crime and Drug Enforcement program: Provided, That, of the amounts provided under this heading, not less than $231,344,000, of which $5,000,000 shall be transferred to the Alcohol and Tobacco Tax and Trade Bureau, shall be for an additional appropriation 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, 2016.)


Identification code 020–0913–0–1–999		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Investigations	612	651	760
0002	Exam and Collections	4,041	4,089	4,349
0003	Regulatory	166	165	168

0100	Subtotal, Direct program	4,819	4,905	5,277

0799	Total direct obligations	4,819	4,905	5,277
0801	Enforcement (Reimbursable)	31	45	47

0900	Total new obligations	4,850	4,950	5,324

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	7	19	32
1001	Discretionary unobligated balance brought fwd, Oct 1	7
1011	Unobligated balance transfer from other acct [020–5432]	21	10	15
1012	Unobligated balance transfers between expired and unexpired accounts	22

1050	Unobligated balance (total)	50	29	47
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	4,860	4,865	5,216
1120	Appropriations transferred to other accts [020–0919]	–61
1120	Appropriations transferred to other accts [020–1008]			–5
1120	Appropriations transferred to other accts [020–0912]	–30

1160	Appropriation, discretionary (total)	4,769	4,865	5,211
	Appropriations, mandatory:
1221	Appropriations transferred from other acct [011–5512]	8
	Spending authority from offsetting collections, discretionary:
1700	Collected	24	88	92
1701	Change in uncollected payments, Federal sources	19

1750	Spending auth from offsetting collections, disc (total)	43	88	92
1900	Budget authority (total)	4,820	4,953	5,303
1930	Total budgetary resources available	4,870	4,982	5,350
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1
1941	Unexpired unobligated balance, end of year	19	32	26

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	290	267	274
3010	Obligations incurred, unexpired accounts	4,850	4,950	5,324
3011	Obligations incurred, expired accounts	8
3020	Outlays (gross)	–4,864	–4,943	–5,289
3041	Recoveries of prior year unpaid obligations, expired	–17

3050	Unpaid obligations, end of year	267	274	309
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–38	–24	–24
3070	Change in uncollected pymts, Fed sources, unexpired	–19
3071	Change in uncollected pymts, Fed sources, expired	33

3090	Uncollected pymts, Fed sources, end of year	–24	–24	–24
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	252	243	250
3200	Obligated balance, end of year	243	250	285

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	4,812	4,953	5,303
	Outlays, gross:
4010	Outlays from new discretionary authority	4,569	4,689	5,024
4011	Outlays from discretionary balances	295	253	263

4020	Outlays, gross (total)	4,864	4,942	5,287
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–56	–88	–92
4033	Non-Federal sources	–7

4040	Offsets against gross budget authority and outlays (total)	–63	–88	–92
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–19
4052	Offsetting collections credited to expired accounts	39

4060	Additional offsets against budget authority only (total)	20

4070	Budget authority, net (discretionary)	4,769	4,865	5,211
4080	Outlays, net (discretionary)	4,801	4,854	5,195
	Mandatory:
4090	Budget authority, gross	8
	Outlays, gross:
4101	Outlays from mandatory balances		1	2
4180	Budget authority, net (total)	4,777	4,865	5,211
4190	Outlays, net (total)	4,801	4,855	5,197

This appropriation provides resources 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. Further, the 2017 Budget protects revenue by identifying fraud and preventing the issuance of erroneous refund payments, including tax-related identity theft. A portion of the appropriation ($231 million) is requested as part of the $515 million program integrity cap adjustment that will reduce the deficit through above-base funding for high return on investment tax enforcement and compliance initiatives, including $5 million to transfer to the Alcohol and Tobacco Tax and Trade Bureau. In conjunction with specified funds provided to the IRS Operations Support account, this increment will support tax compliance initiatives expected to generate over $2.6 billion in additional annual enforcement revenue once the new hires reach full potential in 2019. Language presented in this account, the Operations Support account, and section 126 of the Department of the Treasury's Administrative Provisions is provided to effectuate the cap adjustment in conjunction with an amendment to section 251 of the Balanced Budget and Emergency Deficit Control Act (BBEDCA) of 1985, as amended.


Identification code 020–0913–0–1–999		2015 actual	2016 est.	2017 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	3,261	3,242	3,422
11.3	Other than full-time permanent	31	33	33
11.5	Other personnel compensation	100	114	125
11.8	Special personal services payments	23	16	16

11.9	Total personnel compensation	3,415	3,405	3,596
12.1	Civilian personnel benefits	1,145	1,136	1,207
21.0	Travel and transportation of persons	61	72	105
22.0	Transportation of things	7	9	17
23.3	Communications, utilities, and miscellaneous charges	3	3	3
24.0	Printing and reproduction	2	3	3
25.1	Advisory and assistance services	69	132	163
25.2	Other services from non-Federal sources	29	53	70
25.3	Other goods and services from Federal sources	46	38	41
25.5	Research and development contracts	2	2	2
25.7	Operation and maintenance of equipment		2	6
25.8	Subsistence and support of persons	1
26.0	Supplies and materials	16	16	19
31.0	Equipment	11	27	39
42.0	Insurance claims and indemnities	1	1	1
44.0	Refunds	8
91.0	Unvouchered	3	5	5

99.0	Direct obligations	4,819	4,904	5,277
99.0	Reimbursable obligations	30	45	46
99.5	Adjustment for rounding	1	1	1

99.9	Total new obligations	4,850	4,950	5,324


Identification code 020–0913–0–1–999		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	39,708	38,840	41,028
1001	Direct civilian full-time equivalent employment	381	128	128
2001	Reimbursable civilian full-time equivalent employment	56	59	62
3001	Allocation account civilian full-time equivalent employment	3	2	2

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; [$3,638,446,000] $4,314,099,000, of which not to exceed [$50,000,000] $158,242,000 shall remain available until September 30, [2017]2018; 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, [2018]2019, for research; of which not to exceed [$20,000] $25,000 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 the cost and schedule performance for its major information technology investments, including the purpose and life-cycle stages of the investments; the reasons for any cost and schedule variances; the risks of such investments and strategies the Internal Revenue Service is using to mitigate such risks; and the expected developmental milestones to be achieved and costs to be incurred in the next quarter: Provided further, That the Internal Revenue Service shall include, in its budget justification for fiscal year [2017]2018, a summary of cost and schedule performance information for its major information technology systems: Provided further, That, of the amounts provided under this heading, such sums as are necessary shall be available to fully support tax enforcement and compliance activities, including not less than $283,404,000, for an additional appropriation 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, 2016.)


Identification code 020–0919–0–1–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0002	Infrastructure	847	854	897
0003	Shared Services and Support	1,131	1,174	1,216
0004	Information Services	2,124	2,197	2,472

0100	Subtotal, direct programs	4,102	4,225	4,585

0799	Total direct obligations	4,102	4,225	4,585
0801	Operations Support (Reimbursable)	42	54	57

0900	Total new obligations	4,144	4,279	4,642

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	123	148	66
1011	Unobligated balance transfer from other acct [020–5432]	181	119	44
1012	Unobligated balance transfers between expired and unexpired accounts	31
1021	Recoveries of prior year unpaid obligations	9

1050	Unobligated balance (total)	344	267	110
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	3,638	3,747	4,314
1121	Appropriations transferred from other acct [020–5432]	208	277	224
1121	Appropriations transferred from other acct [020–0913]	61

1160	Appropriation, discretionary (total)	3,907	4,024	4,538
	Spending authority from offsetting collections, discretionary:
1700	Collected	44	54	57
1900	Budget authority (total)	3,951	4,078	4,595
1930	Total budgetary resources available	4,295	4,345	4,705
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–3
1941	Unexpired unobligated balance, end of year	148	66	63

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	840	878	927
3010	Obligations incurred, unexpired accounts	4,144	4,279	4,642
3011	Obligations incurred, expired accounts	15
3020	Outlays (gross)	–4,061	–4,230	–4,552
3040	Recoveries of prior year unpaid obligations, unexpired	–9
3041	Recoveries of prior year unpaid obligations, expired	–51

3050	Unpaid obligations, end of year	878	927	1,017
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	840	878	927
3200	Obligated balance, end of year	878	927	1,017

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	3,951	4,078	4,595
	Outlays, gross:
4010	Outlays from new discretionary authority	3,263	3,338	3,777
4011	Outlays from discretionary balances	798	892	775

4020	Outlays, gross (total)	4,061	4,230	4,552
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–44	–54	–57
4033	Non-Federal sources	–7

4040	Offsets against gross budget authority and outlays (total)	–51	–54	–57
	Additional offsets against gross budget authority only:
4052	Offsetting collections credited to expired accounts	7

4070	Budget authority, net (discretionary)	3,907	4,024	4,538
4080	Outlays, net (discretionary)	4,010	4,176	4,495
4180	Budget authority, net (total)	3,907	4,024	4,538
4190	Outlays, net (total)	4,010	4,176	4,495

This appropriation provides resources for support functions that are essential to the successful operation of IRS programs. These functions include: overall planning and direction of the IRS; shared service support related to facilities maintenance, rent payments, printing, postage, and security; resources for headquarters management activities such as communications and liaison, finance, human resources, equity, diversity and inclusion; research and statistics of income; protection of sensitive information and the privacy of taxpayers and employees; and necessary expenses for telecommunications support and the development and maintenance of IRS operational information systems. This appropriation also includes specific funds to support multi-year facility and real estate planning to improve the IRS investment process, as well as funds needed to implement an array of significant new tax legislation. A portion of the appropriation ($283 million) is requested as part of the $515 million program integrity cap adjustment that will reduce the deficit through above-base funding for high return on investment tax enforcement and compliance programs. In conjunction with specified funds provided to the IRS Enforcement account, this increment will support new tax compliance initiatives that are expected to generate high returns on investment in the form of increased tax revenues. In total, the proposal entails 10 years of adjustments costing $18 billion while generating $64 billion, for a net savings of $46 billion.


Identification code 020–0919–0–1–803		2015 actual	2016 est.	2017 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	1,144	1,177	1,226
11.3	Other than full-time permanent	7	9	9
11.5	Other personnel compensation	20	20	22

11.9	Total personnel compensation	1,171	1,206	1,257
12.1	Civilian personnel benefits	418	442	457
13.0	Benefits for former personnel	51	52	53
21.0	Travel and transportation of persons	12	11	11
22.0	Transportation of things	11	12	12
23.1	Rental payments to GSA	611	595	618
23.2	Rental payments to others	12	13	13
23.3	Communications, utilities, and miscellaneous charges	321	305	319
24.0	Printing and reproduction	16	18	19
25.1	Advisory and assistance services	760	855	853
25.2	Other services from non-Federal sources	64	62	244
25.3	Other goods and services from Federal sources	79	75	85
25.4	Operation and maintenance of facilities	173	159	168
25.6	Medical care	14	14	15
25.7	Operation and maintenance of equipment	66	66	70
26.0	Supplies and materials	19	20	22
31.0	Equipment	294	278	333
32.0	Land and structures	9	40	35

99.0	Direct obligations	4,101	4,223	4,584
99.0	Reimbursable obligations	42	53	56
99.5	Adjustment for rounding	1	3	2

99.9	Total new obligations	4,144	4,279	4,642


Identification code 020–0919–0–1–803		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	10,617	11,922	12,250
1001	Direct civilian full-time equivalent employment	1,187	99	37
2001	Reimbursable civilian full-time equivalent employment	92	97	101

For necessary expenses of the Internal Revenue Service's business systems modernization program, [$290,000,000] $343,415,000, to remain available until September 30, [2018] 2019, 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 the cost and schedule performance for CADE 2 and Modernized e-File information technology investments, including the purposes and life-cycle stages of the investments; the reasons for any cost and schedule variances; the risks of such investments and the strategies the Internal Revenue Service is using to mitigate such risks; and the expected developmental milestones to be achieved and costs to be incurred in the next quarter. (Department of the Treasury Appropriations Act, 2016.)


Identification code 020–0921–0–1–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Business Systems Modernization	242	290	341

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	226	276	276
1021	Recoveries of prior year unpaid obligations	2

1050	Unobligated balance (total)	228	276	276
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	290	290	343
1930	Total budgetary resources available	518	566	619
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	276	276	278

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	80	115	120
3010	Obligations incurred, unexpired accounts	242	290	341
3020	Outlays (gross)	–203	–285	–310
3040	Recoveries of prior year unpaid obligations, unexpired	–2
3041	Recoveries of prior year unpaid obligations, expired	–2

3050	Unpaid obligations, end of year	115	120	151
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	80	115	120
3200	Obligated balance, end of year	115	120	151

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	290	290	343
	Outlays, gross:
4010	Outlays from new discretionary authority	74	74	87
4011	Outlays from discretionary balances	129	211	223

4020	Outlays, gross (total)	203	285	310
4180	Budget authority, net (total)	290	290	343
4190	Outlays, net (total)	203	285	310

This appropriation provides resources for the planning and capital asset acquisition of information technology to modernize the IRS business systems, including labor and related contractual costs. The Government Accountability Office regularly reviews the status of key Business Systems Modernization (BSM) investments and the IRS submits quarterly information technology reports to the House and Senate Committees on Appropriations.

The projects within the BSM program represent investments to ensure that the IRS continues to move forward and use technologies to improve performance. The Budget provides investments to modernize core tax systems and fundamentally change how taxpayers interact with the IRS, including the creation of online tax filing status and payment options.


Identification code 020–0921–0–1–803		2015 actual	2016 est.	2017 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	41	53	58
11.3	Other than full-time permanent		1	1
11.5	Other personnel compensation	1	2	1

11.9	Total personnel compensation	42	56	60
12.1	Civilian personnel benefits	12	15	16
21.0	Travel and transportation of persons		1	1
25.1	Advisory and assistance services	172	195	242
25.7	Operation and maintenance of equipment	3	3	3
31.0	Equipment	12	19	19

99.0	Direct obligations	241	289	341
99.5	Adjustment for rounding	1	1

99.9	Total new obligations	242	290	341


Identification code 020–0921–0–1–803		2015 actual	2016 est.	2017 est.

1001	Direct civilian full-time equivalent employment	340	440	469


Identification code 020–0935–0–1–806		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Build America Bond Payments, Recovery Act (Direct)	3,499	3,518	3,775

0900	Total new obligations (object class 41.0)	3,499	3,518	3,775

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	3,771	3,775	3,775
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–272	–257

1260	Appropriations, mandatory (total)	3,499	3,518	3,775
1930	Total budgetary resources available	3,499	3,518	3,775

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	3,499	3,518	3,775
3020	Outlays (gross)	–3,499	–3,518	–3,775

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	3,499	3,518	3,775
	Outlays, gross:
4100	Outlays from new mandatory authority	3,499	3,518	3,775
4180	Budget authority, net (total)	3,499	3,518	3,775
4190	Outlays, net (total)	3,499	3,518	3,775

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.


Identification code 020–0953–4–1–806		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	America Fast Forward Bonds			288

0900	Total new obligations (object class 41.0)			288

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			288
1930	Total budgetary resources available			288

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			288
3020	Outlays (gross)			–288

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			288
	Outlays, gross:
4100	Outlays from new mandatory authority			288
4180	Budget authority, net (total)			288
4190	Outlays, net (total)			288

The Budget proposes a new permanent America Fast Forward Bond program that will be an optional alternative to traditional tax-exempt bonds. This program will be similar to the expired Build America Bond program. The America Fast Forward Bonds will be conventional taxable bonds issued by state and local governments in which the Federal Government makes direct subsidy payments to state and local governmental issuers (refundable tax credits). Eligible uses would include financing of governmental capital projects, current refunding or refinancing of prior capital project financings, short-term governmental working capital financings for governmental operating expenses, and financing for the types of projects and programs that can be financed with qualified private activity bonds, subject to applicable state bond volume caps. The subsidy rate for the America Fast Forward Bonds is proposed at 28 percent, which is revenue neutral relative to the estimated future Federal tax expenditure for tax-exempt bonds. The American Fast Forward Bond program will be effective for bonds issued after the date of enactment.


Identification code 020–0906–0–1–609		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment Where Earned Income Credit Exceeds Liability for Tax (Direct)	60,084	61,381	61,917

0900	Total new obligations (object class 41.0)	60,084	61,381	61,917

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	60,084	61,381	61,917
1930	Total budgetary resources available	60,084	61,381	61,917

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	60,084	61,381	61,917
3020	Outlays (gross)	–60,084	–61,381	–61,917

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	60,084	61,381	61,917
	Outlays, gross:
4100	Outlays from new mandatory authority	60,084	61,381	61,917
4180	Budget authority, net (total)	60,084	61,381	61,917
4190	Outlays, net (total)	60,084	61,381	61,917


		2015 actual	2016 est.	2017 est.

Enacted/requested:
	Budget Authority	60,084	61,381	61,917
	Outlays	60,084	61,381	61,917
Legislative proposal, subject to PAYGO:
	Budget Authority			294
	Outlays			294
Total:
	Budget Authority	60,084	61,381	62,211
	Outlays	60,084	61,381	62,211

As provided by law, there are instances where the earned income tax credit (EITC) exceeds the amount of tax liability owed through the individual income tax system, resulting in an additional payment to the taxpayer. Congress originally authorized the EITC in the Tax Reduction Act of 1975 (P.L. 94–12) and made it permanent in the Revenue Adjustment Act of 1978 (P.L. 95–600). The Tax Reform Act of 1986 and the Omnibus Budget Reconciliation Acts of 1990 and 1993 increased the credit amount and expanded eligibility for the EITC.

The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) (P.L. 107–16) increased the income level at which the credit begins to phase out for married taxpayers filing joint returns, and made other changes to simplify the credit and improve compliance.

The American Recovery and Reinvestment Act of 2009 (ARRA) (P.L. 111–5), section 1002, temporarily increased the EITC for working families with three or more children, and increased the threshold for the phase-out range for all married couples filing a joint return for 2009 and 2010 tax returns. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 103(c), extended the EGTRRA and ARRA benefits through tax year 2012.

The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 103(c), extended the EGTRRA and ARRA benefits through tax year 2017 (a five-year extension). The Protecting Americans From Tax Hikes Act of 2015 (P.L. 114–113, permanently extended the EGTRRA and ARRA benefits.


Identification code 020–0906–4–1–609		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment Where Earned Income Credit Exceeds Liability for Tax (Direct)			294

0900	Total new obligations (object class 41.0)			294

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			294
1930	Total budgetary resources available			294

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			294
3020	Outlays (gross)			–294

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			294
	Outlays, gross:
4100	Outlays from new mandatory authority			294
4180	Budget authority, net (total)			294
4190	Outlays, net (total)			294

The Administration proposes to expand the EITC for workers without qualifying children.


Identification code 020–0922–0–1–609		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment Where Child Tax Credit Exceeds Liability for Tax (Direct)	20,592	21,627	21,579

0900	Total new obligations (object class 41.0)	20,592	21,627	21,579

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	20,592	21,627	21,579
1930	Total budgetary resources available	20,592	21,627	21,579

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	20,592	21,627	21,579
3020	Outlays (gross)	–20,592	–21,627	–21,579

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	20,592	21,627	21,579
	Outlays, gross:
4100	Outlays from new mandatory authority	20,592	21,627	21,579
4180	Budget authority, net (total)	20,592	21,627	21,579
4190	Outlays, net (total)	20,592	21,627	21,579

As provided by law, there are instances where the child tax credit exceeds the amount of tax liability owed through the individual income tax system, resulting in an additional payment to the taxpayer.

The Congress originally authorized the child tax credit in the Taxpayer Relief Act of 1997 (P.L. 105–34). The credit amount and extent to which the credit is refundable were increased by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) (P.L. 107–16). The American Recovery and Reinvestment Act of 2009 (ARRA) (P.L. 111–5), section 1003, further expanded the extent to which the credit is refundable. The credit was refundable to the extent of 15 percent of an individual's earned income in excess of $3,000 for 2010 and 2011. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 103(b), extended this temporary benefit for 2011 and 2012. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 103(b), extended the ARRA benefits through tax year 2017 (a five-year extension). The Protecting Americans From Tax Hikes Act of 2015 (P.L. 114–113), permanently extended the EGTRRRA and ARRA benefits.

The account reflects the interaction effect with the proposals to reform child care tax incentives, to provide a second earner tax credit, and to provide for automatic enrollment in individual retirement accounts.


Identification code 020–0923–0–1–551		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment Where Health Coverage Tax Credit Exceeds Liability for T (Direct)		6	21

0900	Total new obligations (object class 41.0)		6	21

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation		6	21
1930	Total budgetary resources available		6	21

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts		6	21
3020	Outlays (gross)		–6	–21

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross		6	21
	Outlays, gross:
4100	Outlays from new mandatory authority		6	21
4180	Budget authority, net (total)		6	21
4190	Outlays, net (total)		6	21

The Trade Act of 2002 established the Health Coverage Tax Credit (HCTC), a refundable tax credit for a portion of the cost of qualified insurance, which may be paid in advance. This credit is available to certain recipients of Trade Adjustment Assistance (TAA) and Pension Benefit Guaranty Corporation pension beneficiaries who are aged 55–64.

The Congress expanded the HCTC program in the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), sections 1899A-1899J. These increased benefits for certain HCTC eligible individuals include payment of 80 percent (up from 65 percent) of health insurance premiums, up to 24 months of coverage for qualified family members, and extension of COBRA benefits. The Omnibus Trade Act of 2010 (P.L. 111–344), sections 111–118, extended these benefits until February 13, 2011. The bill to extend the Generalization System of Preference (P.L. 112–040), section 241, extended the credit through December 31, 2013, and reduced the credit percentage to 72.5 percent, and eliminated the credit entirely as of January 1, 2014.

The Trade Preferences Extension Act of 2015 (P.L. 114–27), section 407, retroactively reinstated the HCTC to January 1, 2014, through December 31, 2019. The Act also provided that an eligible individual could not claim both the HCTC and the premium tax credit provided under the Affordable Care Act (ACA) for the same coverage for the same month and that individual health insurance coverage purchased through the Health Insurance Marketplace is qualified coverage for coverage months in 2014 and 2015. Lastly, the Act reinstated the advance payment of the HCTC, effective not later than June 28, 2016 (one year after date of enactment).


Identification code 020–0951–0–1–551		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment Where Small Business Health Insurance Tax Credit Exceeds (Direct)	38	59	59

0900	Total new obligations (object class 41.0)	38	59	59

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	41	63	59
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–3	–4

1260	Appropriations, mandatory (total)	38	59	59
1930	Total budgetary resources available	38	59	59

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	38	59	59
3020	Outlays (gross)	–38	–59	–59

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	38	59	59
	Outlays, gross:
4100	Outlays from new mandatory authority	38	59	59
4180	Budget authority, net (total)	38	59	59
4190	Outlays, net (total)	38	59	59


		2015 actual	2016 est.	2017 est.

Enacted/requested:
	Budget Authority	38	59	59
	Outlays	38	59	59
Legislative proposal, subject to PAYGO:
	Budget Authority			21
	Outlays			21
Total:
	Budget Authority	38	59	80
	Outlays	38	59	80

The Patient Protection and Affordable Care Act (PPACA) 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 for two years after that. 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. The Budget proposes to expand the credit by increasing the maximum employer size, modifying the interaction of the employer size and wage phaseouts, and simplifying eligibility requirements.


Identification code 020–0951–4–1–551		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Small Business Insurance Tax Credit			21

0900	Total new obligations (object class 41.0)			21

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			21
1930	Total budgetary resources available			21

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			21
3020	Outlays (gross)			–21

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			21
	Outlays, gross:
4100	Outlays from new mandatory authority			21
4180	Budget authority, net (total)			21
4190	Outlays, net (total)			21

The Budget proposes to expand and simplify the tax credit provided to qualified small employers for non-elective contributions to employee health insurance. The proposal would expand the credit to employers with up to 50 (rather than 25) full-time equivalent employees (FTEs) and begin the phaseout of the maximum credit at 20 FTEs (the credit would be reduced on a sliding scale between 20 and 50, rather than between 10 and 25, FTEs). In addition, there would be a change to the coordination of the phaseouts of the credit that apply as the number of FTEs and average wages increase (using a formula that is multiplicative rather than additive) so as to provide a more gradual combined phaseout and to ensure that employers with fewer than 50 FTEs and an average wage less than $50,000 may be eligible for the credit, even if they are nearing the end of both phaseouts. The Budget also proposes to reduce taxpayer complexity by eliminating the requirement that an employer make a uniform contribution on behalf of each employee (although applicable non-discrimination laws will still apply), and eliminating the reduction in the qualifying contribution for premiums that exceed the average premium in the rating area. The proposal would be effective for taxable years beginning after December 31, 2015.


Identification code 020–0929–0–1–609		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment Where Alternative Minimum Tax Credit Exceeds Liability F (Direct)	7	5	1

0900	Total new obligations (object class 41.0)	7	5	1

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	7	5	1
1930	Total budgetary resources available	7	5	1

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	7	5	1
3020	Outlays (gross)	–7	–5	–1

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	7	5	1
	Outlays, gross:
4100	Outlays from new mandatory authority	7	5	1
4180	Budget authority, net (total)	7	5	1
4190	Outlays, net (total)	7	5	1

The Tax Relief and Health Care Act of 2006 (P.L. 109–432) allowed certain taxpayers to claim a refundable credit for a portion of their unused long-term alternative minimum tax (AMT) credits each year. The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), Division C, section 103, increased the AMT refundable credit portion from 20 percent to 50 percent of unused long-term minimum tax credits for the taxable year in question. This provision was effective for any taxable year beginning before January 1, 2013, and has now expired. However, outlays are expected from this account through 2017 as reconciliations occur.


Identification code 020–0931–0–1–376		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment Where Certain Tax Credits Exceed Liability for Corporate (Direct)	152	198	3,388

0900	Total new obligations (object class 41.0)	152	198	3,388

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	164	198	3,388
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–12

1260	Appropriations, mandatory (total)	152	198	3,388
1930	Total budgetary resources available	152	198	3,388

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	152	198	3,388
3020	Outlays (gross)	–152	–198	–3,388

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	152	198	3,388
	Outlays, gross:
4100	Outlays from new mandatory authority	152	198	3,388
4180	Budget authority, net (total)	152	198	3,388
4190	Outlays, net (total)	152	198	3,388

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. However, outlays are expected from this account through 2017 as reconciliations occur.


Identification code 020–0908–4–1–452		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Direct program activity			27

0900	Total new obligations (object class 41.0)			27

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			27
1930	Total budgetary resources available			27

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			27
3020	Outlays (gross)			–27

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			27
	Outlays, gross:
4100	Outlays from new mandatory authority			27
4180	Budget authority, net (total)			27
4190	Outlays, net (total)			27

The Administration proposes to provide two tax incentives to the 20 designated Promise Zones. First, an employment credit would be provided to businesses that employ zone residents that would apply to the first $15,000 of qualifying wages annually. The credit rate would be 20 percent for zone residents who are employed within the zone and 10 percent for zone residents employed outside of the zone. Second, qualifying property placed in service within the zone would be eligible for additional first-year depreciation of 100 percent of the adjusted basis of the property. Qualifying property would generally consist of depreciable property with a recovery period of 20 years or less. Zone designations for the purpose of the tax incentives would be in effect from January 1, 2017, through December 31, 2026.


Identification code 020–0954–4–1–271		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment Where Renewable Electricity Tax Credit Exceeds Liability			58

0900	Total new obligations (object class 41.0)			58

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			58
1930	Total budgetary resources available			58

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			58
3020	Outlays (gross)			–58

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			58
	Outlays, gross:
4100	Outlays from new mandatory authority			58
4180	Budget authority, net (total)			58
4190	Outlays, net (total)			58

The Budget proposes to permanently extend the renewable electricity production tax credit at current credit rates (adjusted annually for inflation), make it refundable, and make it available to otherwise eligible renewable electricity consumed directly by the producer rather than sold to an unrelated third party to the extent that its production can be independently verified. Solar facilities that qualify for the investment tax credit would be eligible for the renewable electricity production tax credit for construction that begins after December 31, 2016.


Identification code 020–0932–0–1–502		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment Where American Opportunity Credit Exceeds Liability for (Direct)	4,153	4,398	4,334

0900	Total new obligations (object class 41.0)	4,153	4,398	4,334

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	4,153	4,398	4,334
1930	Total budgetary resources available	4,153	4,398	4,334

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	4,153	4,398	4,334
3020	Outlays (gross)	–4,153	–4,398	–4,334

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	4,153	4,398	4,334
	Outlays, gross:
4100	Outlays from new mandatory authority	4,153	4,398	4,334
4180	Budget authority, net (total)	4,153	4,398	4,334
4190	Outlays, net (total)	4,153	4,398	4,334


		2015 actual	2016 est.	2017 est.

Enacted/requested:
	Budget Authority	4,153	4,398	4,334
	Outlays	4,153	4,398	4,334
Legislative proposal, subject to PAYGO:
	Budget Authority			–26
	Outlays			–26
Total:
	Budget Authority	4,153	4,398	4,308
	Outlays	4,153	4,398	4,308

The American Recovery and Reinvestment Act (ARRA) of 2009 (P.L. 111–5), section 1004, allowed certain taxpayers to claim a refundable American Opportunity Tax Credit (AOTC) for qualifying higher education expenses, for tax years 2009 and 2010. Up to 40 percent of the credit is refundable. The credit applies dollar-for-dollar to the first $2,000 of qualified tuition, fees and course materials paid by the taxpayer, and applies at a rate of 25 percent to the next $2,000 in qualified tuition, fees and course materials for a total credit of up to $2,500. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 103(a), extended this credit to tax years 2011 and 2012. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 103(a), extended the credit through tax year 2017 (a five-year extension). The Protecting Americans From Tax Hikes Act of 2015 (P.L. 114–113), permanently extended the ARRA benefits.


Identification code 020–0932–4–1–502		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Direct program activity			–26

0900	Total new obligations (object class 41.0)			–26

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–26
1930	Total budgetary resources available			–26

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			–26
3020	Outlays (gross)			26

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–26
	Outlays, gross:
4100	Outlays from new mandatory authority			–26
4180	Budget authority, net (total)			–26
4190	Outlays, net (total)			–26

The Administration proposes to expand and modify the American Opportunity Tax Credit. The account also reflects the interaction effect with the proposals to provide IRS with greater flexibility to address correctable errors, to modify Form 1098-T for reporting tuition expenses, to make Pell Grants excludable from gross income, to repeal the student loan interest deduction and provide exclusion for certain debt relief and scholarships.

The Budget proposes to allocate $2 billion as a new refundable investment tax credit for projects at new and retrofitted electric generating units that capture and permanently sequester carbon dioxide (CO₂). A minimum of 70 percent of the credits would be required to flow to projects fueled by greater than 75 percent coal. The Budget also proposes a new refundable sequestration tax credit for qualified investments at a rate of (1) $50 per metric ton of CO₂ permanently sequestered and not beneficially reused (e.g., in an enhanced oil recovery operation) and (2) $10 per metric ton for CO₂ that is permanently sequestered and beneficially reused. The credit would be indexed for inflation and would be allowed for a maximum of 20 years of production.


Identification code 020–0948–0–1–272		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment to Issuer of Qualified Energy Conservation Bonds (Direct)	34	34	37

0900	Total new obligations (object class 41.0)	34	34	37

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	37	37	37
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–3	–3

1260	Appropriations, mandatory (total)	34	34	37
1930	Total budgetary resources available	34	34	37

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	34	34	37
3020	Outlays (gross)	–34	–34	–37

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	34	34	37
	Outlays, gross:
4100	Outlays from new mandatory authority	34	34	37
4180	Budget authority, net (total)	34	34	37
4190	Outlays, net (total)	34	34	37

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 $800,000,000 to $3,200,000,000.

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.


Identification code 020–0947–0–1–271		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment to Issuer of New Clean Renewable Energy Bonds (Direct)	29	29	31

0900	Total new obligations (object class 41.0)	29	29	31

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	31	31	31
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–2	–2

1260	Appropriations, mandatory (total)	29	29	31
1930	Total budgetary resources available	29	29	31

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	29	29	31
3020	Outlays (gross)	–29	–29	–31

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	29	29	31
	Outlays, gross:
4100	Outlays from new mandatory authority	29	29	31
4180	Budget authority, net (total)	29	29	31
4190	Outlays, net (total)	29	29	31

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 $2,400,000,000.

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.


Identification code 020–0946–0–1–501		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment to Issuer of Qualified School Construction Bonds (Direct)	643	646	693

0900	Total new obligations (object class 41.0)	643	646	693

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	693	693	693
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–50	–47

1260	Appropriations, mandatory (total)	643	646	693
1930	Total budgetary resources available	643	646	693

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	643	646	693
3020	Outlays (gross)	–643	–646	–693

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	643	646	693
	Outlays, gross:
4100	Outlays from new mandatory authority	643	646	693
4180	Budget authority, net (total)	643	646	693
4190	Outlays, net (total)	643	646	693

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 $11,000,000,000 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.


Identification code 020–0945–0–1–501		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment to Issuer of Qualified Zone Academy Bonds (Direct)	52	52	56

0900	Total new obligations (object class 41.0)	52	52	56

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	56	56	56
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–4	–4

1260	Appropriations, mandatory (total)	52	52	56
1930	Total budgetary resources available	52	52	56

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	52	52	56
3020	Outlays (gross)	–52	–52	–56

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	52	52	56
	Outlays, gross:
4100	Outlays from new mandatory authority	52	52	56
4180	Budget authority, net (total)	52	52	56
4190	Outlays, net (total)	52	52	56

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 $1,400,000,000 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 $400,000,000. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 310, extended the calendar year limitation of $400,000,000 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 $400,000,000 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 $400,000,000 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.


Identification code 020–0950–0–1–609		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Payment Where Adoption Credit Exceeds Liability for Tax (Direct)	16	1

0900	Total new obligations (object class 41.0)	16	1

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	16	1
1930	Total budgetary resources available	16	1

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	16	1
3020	Outlays (gross)	–16	–1

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	16	1
	Outlays, gross:
4100	Outlays from new mandatory authority	16	1
4180	Budget authority, net (total)	16	1
4190	Outlays, net (total)	16	1

The Patient Protection and Affordable Care Act of 2010 (P.L. 111–148), section 10909, modified the existing adoption credit to make it a refundable credit for two years (2010 and 2011). The refundability provision has expired and the adoption credit is again limited to tax liability. However, outlays are expected from this account through 2016 as reconciliations occur.


Identification code 020–0904–0–1–908		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Refunding Internal Revenue Collections, Interest (Direct)	1,061	1,309	1,680

0900	Total new obligations (object class 43.0)	1,061	1,309	1,680

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	1,061	1,309	1,680
1930	Total budgetary resources available	1,061	1,309	1,680

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	1,061	1,309	1,680
3020	Outlays (gross)	–1,061	–1,309	–1,680

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1,061	1,309	1,680
	Outlays, gross:
4100	Outlays from new mandatory authority	1,061	1,309	1,680
4180	Budget authority, net (total)	1,061	1,309	1,680
4190	Outlays, net (total)	1,061	1,309	1,680

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 two percentage points, with such rate to be adjusted quarterly.


Identification code 020–0949–0–1–551		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Premium assistance tax credit	23,770	30,718	47,837
0002	Advanced cost sharing reductions	5,060	6,127	7,596
0003	Basic Health Program	1,228	2,440	2,570

0900	Total new obligations (object class 41.0)	30,058	39,285	58,003

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	27,213	39,285	58,003
	Spending authority from offsetting collections, mandatory:
1800	Collected	2,845
1900	Budget authority (total)	30,058	39,285	58,003
1930	Total budgetary resources available	30,058	39,285	58,003

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	30,058	39,285	58,003
3020	Outlays (gross)	–30,058	–39,285	–58,003

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	30,058	39,285	58,003
	Outlays, gross:
4100	Outlays from new mandatory authority	30,058	39,285	58,003
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–2,845
4180	Budget authority, net (total)	27,213	39,285	58,003
4190	Outlays, net (total)	27,213	39,285	58,003


		2015 actual	2016 est.	2017 est.

Enacted/requested:
	Budget Authority	27,213	39,285	58,003
	Outlays	27,213	39,285	58,003
Legislative proposal, subject to PAYGO:
	Budget Authority			–303
	Outlays			–303
Total:
	Budget Authority	27,213	39,285	57,700
	Outlays	27,213	39,285	57,700

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 the Health Insurance Marketplace, also known as the 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.

Section 1402 of PPACA provides for reductions in cost sharing for eligible individuals enrolled in qualified health plans purchased on the Exchanges. The reduction in cost sharing will first be achieved by reducing applicable out-of-pocket limits under section 1302 of PPACA. An additional reduction will be allowed for lower income insured individuals and special rules will apply for American Indians and Alaska Natives.

Section 1131 of PPACA provides for the establishment of a Basic Health Program, under which a state may offer standard health plans to eligible individuals in lieu of offering such individuals coverage through an Exchange. Eligible individuals include state residents without access to affordable, minimum essential coverage (including those not eligible to enroll in the state's Medicaid program) who meet certain income, residency, and age requirements.

Section 1412 of PPACA provides for advance payments of the premium tax credit and cost-sharing reductions.

The premium assistance tax credit has outlay effects (in millions of dollars) of: 2015 $20,925; 2016 $30,718; 2017 $47,837; 2018 $68,343; 2019 $86,732; 2020 $94,583; 2021 $100,106; 2022 $106,132; 2023 $110,949; 2024 $116,077; 2025 $121,436; 2026 $126,721.

The premium assistance tax credit has income tax effects (in millions of dollars) [a (-) indicates reduced receipts] of: 2015 -$2,316; 2016 -$2,152; 2017 -$3,452; 2018 -$4,503; 2019 -$6,274; 2020 -$7,498; 2021 -$7,743; 2022 -$8,131; 2023 -$8,441; 2024 -$8,820; 2025 -$9,134; 2026 -$9,471.


Identification code 020–0949–4–1–551		2015 actual	2016 est.	2017 est.

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–303
1930	Total budgetary resources available			–303
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year			–303

	Change in obligated balance:
	Unpaid obligations:
3020	Outlays (gross)			303

3050	Unpaid obligations, end of year			303
	Memorandum (non-add) entries:
3200	Obligated balance, end of year			303

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–303
	Outlays, gross:
4100	Outlays from new mandatory authority			–303
4180	Budget authority, net (total)			–303
4190	Outlays, net (total)			–303

This schedule reflects the impact of the Administration's proposals to extend the Children's Health Insurance Program, create a state option to provide 12-month continuous Medicaid eligibility for adults, and standardize the definition of American Indian and Alaska Native in PPACA.


Identification code 020–5432–0–2–803		2015 actual	2016 est.	2017 est.

0100	Balance, start of year	3	3	2
	Receipts:
	Current law:
1110	Enrolled Agent Fee Increase, IRS Miscellaneous Retained Fees	7	7	8
1110	Tax Preparer Registration Fees, IRS Miscellaneous Retained Fees	37	24	24
1130	New Installment Agreements, IRS Miscellaneous Retained Fees	154	155	156
1130	Restructured Installment Agreements, IRS Miscellaneous Retained Fees	48	52	53
1130	General User Fees, IRS Miscellaneous Retained Fees	140	168	157
1130	Photocopying and Historical Conservation Easement Fees, IRS Miscellaneous Retained Fees	5	4	4

1199	Total current law receipts	391	410	402

1999	Total receipts	391	410	402

2000	Total: Balances and receipts	394	413	404
	Appropriations:
	Current law:
2101	IRS Miscellaneous Retained Fees	–391	–410	–402
2103	IRS Miscellaneous Retained Fees	–3	–3	–2
2132	IRS Miscellaneous Retained Fees	3	2

2199	Total current law appropriations	–391	–411	–404

2999	Total appropriations	–391	–411	–404

5099	Balance, end of year	3	2


Identification code 020–5432–0–2–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	IRS Miscellaneous Retained Fees (Direct)	5	3	3

0900	Total new obligations (object class 44.0)	5	3	3

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	262	194	93
1010	Unobligated balance transfer to other accts [020–0912]	–40	–39	–14
1010	Unobligated balance transfer to other accts [020–0919]	–181	–119	–44
1010	Unobligated balance transfer to other accts [020–0913]	–21	–10	–15

1050	Unobligated balance (total)	20	26	20
	Budget authority:
	Appropriations, discretionary:
1120	Appropriations transferred to other accts [020–0919]	–208	–277	–224
1120	Appropriations transferred to other accts [020–0912]	–4	–64	–103

1160	Appropriation, discretionary (total)	–212	–341	–327
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	391	410	402
1203	Appropriation (previously unavailable)	3	3	2
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–3	–2

1260	Appropriations, mandatory (total)	391	411	404
1900	Budget authority (total)	179	70	77
1930	Total budgetary resources available	199	96	97
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	194	93	94

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	5	3	3
3020	Outlays (gross)	–5	–3	–3

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	–212	–341	–327
	Mandatory:
4090	Budget authority, gross	391	411	404
	Outlays, gross:
4101	Outlays from mandatory balances	5	3	3
4180	Budget authority, net (total)	179	70	77
4190	Outlays, net (total)	5	3	3

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 increase receipts, 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.


Identification code 020–5080–0–2–808		2015 actual	2016 est.	2017 est.

0100	Balance, start of year
	Receipts:
	Current law:
1130	Gifts to the United States for Reduction of the Public Debt	4	4	4

2000	Total: Balances and receipts	4	4	4
	Appropriations:
	Current law:
2101	Gifts to the United States for Reduction of the Public Debt	–4	–4	–4

5099	Balance, end of year


Identification code 020–5080–0–2–808		2015 actual	2016 est.	2017 est.

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	4	4	4
1236	Appropriations applied to repay debt	–4	–4	–4
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.


Identification code 020–5510–0–2–803		2015 actual	2016 est.	2017 est.

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	10	10	10
1930	Total budgetary resources available	10	10	10
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	10	10	10
4180	Budget authority, net (total)
4190	Outlays, net (total)

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 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.

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. In addition, up to 25 percent of the amount collected may be used for IRS collection enforcement activities.

Inactive tax receivables 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 1/3 of the applicable limitations period has lapsed 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.


Identification code 020–5433–0–2–803		2015 actual	2016 est.	2017 est.

0100	Balance, start of year			8
	Receipts:
	Current law:
1140	Underpayment and Fraud Collection	71	75	75

2000	Total: Balances and receipts	71	75	83
	Appropriations:
	Current law:
2101	Informant Payments	–71	–67	–63

5099	Balance, end of year		8	20


Identification code 020–5433–0–2–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Informant Payments	71	63	63

0900	Total new obligations (object class 91.0)	71	63	63

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	71	67	63
1230	Appropriations and/or unobligated balance of appropriations permanently reduced		–4

1260	Appropriations, mandatory (total)	71	63	63
1930	Total budgetary resources available	71	63	63

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	71	63	63
3020	Outlays (gross)	–71	–63	–63

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	71	63	63
	Outlays, gross:
4100	Outlays from new mandatory authority	71	63	63
4180	Budget authority, net (total)	71	63	63
4190	Outlays, net (total)	71	63	63

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 $2,000,000. Lower payments are allowed in certain circumstances, including cases in which information is provided that was already available from another source.


Identification code 020–4413–0–3–803		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0801	Federal Tax Lien Revolving Fund (Reimbursable)		1	1

0900	Total new obligations (object class 32.0)		1	1

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	7	7	7
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected		1	1
1930	Total budgetary resources available	7	8	8
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	7	7	7

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

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross		1	1
	Outlays, gross:
4101	Outlays from mandatory balances		1	1
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources		–1	–1
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 places a tax lien on real estate in order to protect the Government's interest. Situations arise where property of this nature is collateral for other indebtedness and the tax lien is subordinate to the original indebtedness. In this circumstance, it is often in the Government's interest to purchase the property during the foreclosure sale. The advantage arises when the property is worth substantially more than the first lien-holder's equity but is being sold for an amount that barely covers that equity, thereby leaving no proceeds to apply against delinquent taxes. Under these circumstances, if the Government buys the property and subsequently puts it up for sale under more advantageous conditions, it is possible to realize sufficient profit on the transaction to fully or partially collect the amount of taxes due. The revolving fund is reimbursed from the proceeds of the sale in an amount equal to the amount expended from the fund for the redemption. The balance of the proceeds is applied against the amount of the tax, interest, penalties, and additions thereto, and for the costs of sale. The remainder, if any, would revert to the parties legally entitled to it.

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 2017 as it currently lacks a quorum. The Board will reconvene once it has enough Senate-confirmed members to make a quorum.

(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.]

Trust Funds


Identification code 020–8413–0–8–373		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0881	Bank Supervision	996	1,133	1,156

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	703	1,301	1,249
1021	Recoveries of prior year unpaid obligations	1

1050	Unobligated balance (total)	704	1,301	1,249
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	1,593	1,081	1,134
1930	Total budgetary resources available	2,297	2,382	2,383
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1,301	1,249	1,227

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	234	238	101
3010	Obligations incurred, unexpired accounts	996	1,133	1,156
3020	Outlays (gross)	–991	–1,270	–1,067
3040	Recoveries of prior year unpaid obligations, unexpired	–1

3050	Unpaid obligations, end of year	238	101	190
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–5	–5	–5

3090	Uncollected pymts, Fed sources, end of year	–5	–5	–5
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	229	233	96
3200	Obligated balance, end of year	233	96	185

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1,593	1,081	1,134
	Outlays, gross:
4100	Outlays from new mandatory authority	898	1,044	1,067
4101	Outlays from mandatory balances	93	226

4110	Outlays, gross (total)	991	1,270	1,067
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4120	Federal sources	–13	–19	–23
4121	Interest on Federal securities	–17	–19	–23
4123	Non-Federal sources	–1,563	–1,043	–1,088

4130	Offsets against gross budget authority and outlays (total)	–1,593	–1,081	–1,134
4170	Outlays, net (mandatory)	–602	189	–67
4180	Budget authority, net (total)
4190	Outlays, net (total)	–602	189	–67

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	926	1,535	1,605
5001	Total investments, EOY: Federal securities: Par value	1,535	1,605	1,677

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. The income of 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.

Effective on July 21, 2011, Title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111–203) transferred to the OCC the responsibility for the supervision of Federal savings associations and rulemaking authority for all savings associations.

As of September 30, 2015, the OCC supervised 1,010 national bank charters, 49 Federal branches of foreign banks, and 416 Federal savings associations (including approximately 165 mutual institutions). In total, the OCC supervises approximately $11.1 trillion in financial institution assets.


Identification code 020–8413–0–8–373		2015 actual	2016 est.	2017 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	502	547	557
11.3	Other than full-time permanent	7	7	7
11.5	Other personnel compensation	3	3	3

11.9	Total personnel compensation	512	557	567
12.1	Civilian personnel benefits	210	247	252
21.0	Travel and transportation of persons	54	71	72
22.0	Transportation of things	2	2	2
23.2	Rental payments to others	62	62	64
23.3	Communications, utilities, and miscellaneous charges	11	16	17
24.0	Printing and reproduction		1	1
25.1	Advisory and assistance services	32	34	35
25.2	Other services from non-Federal sources	17	21	22
25.3	Other goods and services from Federal sources	10	13	13
25.4	Operation and maintenance of facilities	4	5	5
25.7	Operation and maintenance of equipment	53	60	62
26.0	Supplies and materials	6	8	8
31.0	Equipment	20	19	19
32.0	Land and structures	3	17	17

99.0	Reimbursable obligations	996	1,133	1,156

99.9	Total new obligations	996	1,133	1,156


Identification code 020–8413–0–8–373		2015 actual	2016 est.	2017 est.

2001	Reimbursable civilian full-time equivalent employment	3,805	3,955	3,955

Federal Funds


Identification code 020–0550–0–1–901		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Interest on Treasury Debt Securities	402,184	447,286	511,412

0900	Total new obligations (object class 43.0)	402,184	447,286	511,412

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	402,184	447,286	511,412
1930	Total budgetary resources available	402,184	447,286	511,412

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	402,184	447,286	511,412
3020	Outlays (gross)	–402,184	–447,286	–511,412

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	402,184	447,286	511,412
	Outlays, gross:
4100	Outlays from new mandatory authority	402,184	447,286	511,412
4180	Budget authority, net (total)	402,184	447,286	511,412
4190	Outlays, net (total)	402,184	447,286	511,412

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 computed on a cash basis. Interest is generally computed on an accrual basis for all other types of securities.


Identification code 020–0550–2–1–901		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Interest on Treasury Debt Securities		7	224

0900	Total new obligations (object class 43.0)		7	224

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation		7	224
1930	Total budgetary resources available		7	224

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts		7	224
3020	Outlays (gross)		–7	–224

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross		7	224
	Outlays, gross:
4100	Outlays from new mandatory authority		7	224
4180	Budget authority, net (total)		7	224
4190	Outlays, net (total)		7	224


Identification code 020–0550–4–1–901		2015 actual	2016 est.	2017 est.

	Obligations by program activity:
0001	Interest on Treasury Debt Securities			23

0900	Total new obligations (object class 43.0)			23

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			23
1930	Total budgetary resources available			23

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			23
3020	Outlays (gross)			–23

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			23
	Outlays, gross:
4100	Outlays from new mandatory authority			23
4180	Budget authority, net (total)			23
4190	Outlays, net (total)			23

(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 Stability and the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).

(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.]

(a) in subsection (c)(2) by striking ", multiplied by an amount equal to the outstanding principal balance of issued notes or bonds";

"(d) RISK-SHARE POOL.—Each qualified issuer shall, during the term of a guarantee provided under the Program, establish a risk-share pool, capitalized by contributions from eligible community development financial institution participants in amounts that shall not exceed 4 percent of the guaranteed amount outstanding on the subject notes and bonds, which contribution amounts shall be determined by the Secretary for each eligible community development financial institution participant based on the Secretary's assessment of the participant's credit quality.";

"(A) QUALIFIED ISSUER.—A qualified issuer that receives a guarantee issued under this section on a bond or note shall pay a fee to the Secretary, in an amount equal to 10 basis points of the amount of the unpaid principal of the bond or note guaranteed.

"(B) ELIGIBLE CDFI PARTICIPANT.—An eligible community development financial institution participant that receives a bond loan under this section shall pay a fee to the Secretary, in an amount equal to 1 percent of the unpaid principal of the bond or note guaranteed.

"(A) QUALIFIED ISSUER.—A qualified issuer shall pay the fee required under paragraph (1)(A) on an annual basis.

"(B) ELIGIBLE CDFI PARTICIPANT.—An eligible community development financial institution participant shall pay the fee required under paragraph (1)(B) at the time of loan disbursements to the participant.

"(A) under paragraph (1)(A) shall be used to reimburse the Department of the Treasury for any administrative costs incurred by the Department in implementing the Program established under this section and shall be available until expended; and

"(B) under paragraph (1)(B) shall be deposited by the Secretary into an account that shall be available to the Secretary to cover credit subsidy costs and to pay principal and interest on the guaranteed bonds or notes in the event of a delinquency in repayment of loans to eligible community development financial institution participants."; and

(e) in subsection (k), by striking "This section is repealed, and the" and inserting "The", by striking the comma after "terminate", and by striking "2014" and inserting "2017".


		2015 actual	2016 est.	2017 est.

Governmental receipts:
010–086400	Filing Fees, P.L. 109–171, Title X: Enacted/requested	56	65	65
010–108000	Fines, Penalties, and Forfeitures, Federal Coal Mine Health and Safety Laws: Enacted/requested	77	84	84
012–101000	Fines, Penalties, and Forfeitures, Agricultural Laws: Enacted/requested	4	4	4
020–015800	Transportation Fuels Tax: Enacted/requested	–3,394	–3,462	–3,383
020–309990	Refunds of Moneys Erroneously Received and Recovered (20X1807): Enacted/requested	–34	–35	–35
020–085000	Registration, Filing, and Transaction Fees: Enacted/requested	4	4	4
020–309500	Recovery from Leaking Underground Storage Tank Trust Fund for Refunds of Taxes, EPA: Enacted/requested		6	6
020–241100	User Fees for IRS: Enacted/requested	25	12	12
020–309400	Recovery from Airport and Airway Trust Fund for Refunds of Taxes: Enacted/requested	19	17	16
020–105000	Fines, Penalties, and Forfeitures, Narcotic Prohibition and Alcohol Laws: Enacted/requested	30	41	41
020–086600	Transitional Reinsurance Contributions to the General Fund: Enacted/requested			466
020–249200	Premiums, Terrorism Risk Insurance Program: Enacted/requested			55
020–109700	Penalties on Individuals Who Do not Have Health Coverage: Enacted/requested		4,573	6,869
020–109600	Penalties on Employers Who Do not Offer Health Coverage or Delay Eligibility for New Employees: Enacted/requested			13,016
020–065000	Deposit of Earnings, Federal Reserve System: Enacted/requested	96,468	116,445	64,818
020–015300	Estate and Gift Taxes: Enacted/requested	19,232	21,094	22,399
020–011100	Corporation Income and Excess Profits Taxes: Enacted/requested	343,797	292,593	342,676
Legislative proposal, subject to PAYGO			–32	75,138
021–103000	Fines, Penalties, and Forfeitures, Immigration and Labor Laws: Enacted/requested	160	165	165
034–104000	Fines, Penalties, and Forfeitures, Customs, Commerce, and Antitrust Laws: Enacted/requested	5,641	166	166
050–085015	Registration, Filing, and Transaction Fees, SEC: Enacted/requested	533	525	560
096–106000	Forfeitures of Unclaimed Money and Property: Enacted/requested	14	16	16
096–089100	Miscellaneous Fees for Regulatory and Judicial Services, not Otherwise Classified: Enacted/requested	455	449	449
220–109900	Fines, Penalties, and Forfeitures, not Otherwise Classified: Enacted/requested	8,146	6,032	6,032
345–086900	Fees for Legal and Judicial Services, not Otherwise Classified: Enacted/requested	51	59	59
901–015914	Tax on Indoor Tanning Services: Enacted/requested	85	85	86
901–015700	Telephone Excise Tax: Enacted/requested	607	545	490
901–015250	Other Federal Fund Excise Taxes: Enacted/requested	1,949	1,405	1,458
901–015915	Excise Tax on Medical Device Manufacturers: Enacted/requested	1,987	610	–10
901–015600	Alcohol Excise Tax: Enacted/requested	9,639	9,583	9,707
901–015500	Tobacco Excise Tax: Enacted/requested	14,453	14,368	14,252
901–015913	Fee on Health Insurance Providers: Enacted/requested	11,261	11,295	7
901–031050	Other Federal Fund Customs Duties: Enacted/requested	22,546	23,985	26,449
901–011050	Individual Income Taxes: Enacted/requested	1,540,772	1,627,774	1,724,005
Legislative proposal, not subject to PAYGO				278
901–015700	Telephone Excise Tax: Legislative proposal, subject to PAYGO			–490
901–015250	Other Federal Fund Excise Taxes: Legislative proposal, subject to PAYGO			–5
901–015600	Alcohol Excise Tax: Legislative proposal, subject to PAYGO			109
901–015500	Tobacco Excise Tax: Legislative proposal, subject to PAYGO			13,309
901–011050	Individual Income Taxes: Legislative proposal, subject to PAYGO		10	63,640
General Fund Governmental receipts		2,074,583	2,128,481	2,382,983


Offsetting receipts from the public:
020–267710	Community Development Financial Institutions Fund, Negative Subsidies: Enacted/requested	2
020–387500	Budget Clearing Account (suspense): Enacted/requested	3
020–168200	Gain by Exchange on Foreign Currency Denominated Public Debt Securities: Enacted/requested	6
020–276330	Community Development Financial Institutions Fund, Downward Re-estimate of Subsidies: Enacted/requested	2	1
020–279030	GSE Mortgage-Backed Securities Direct Loans, Downward Reestimates of Subsidies: Enacted/requested		17
020–278430	Small Business Lending Fund Direct Loans, Downward Reestimates of Subsidies: Enacted/requested		44
020–279230	Troubled Asset Relief Program, Downward Reestimates of Subsidies: Enacted/requested	1,525	855
020–145000	Interest Payments from States, Cash Management Improvement: Enacted/requested	1	3	3
020–143500	General Fund Proprietary Interest Receipts, not Otherwise Classified: Enacted/requested	2	3	3
020–146310	Interest on Quota in International Monetary Fund: Enacted/requested	4	4	4
020–146320	Interest on Loans to International Monetary Fund: Enacted/requested	4	6	6
020–129900	Gifts to the United States, not Otherwise Classified: Enacted/requested		7	7
020–322000	All Other General Fund Proprietary Receipts: Enacted/requested	1,075	511	511
020–248500	GSE Fees Pursuant to P.L. 112–78 Sec. 401: Enacted/requested	2,363	2,741	3,032
020–289400	Proceeds, GSE Equity Related Transactions: Enacted/requested	20,370	16,016	18,671
020–149900	Interest Received from Credit Financing Accounts: Enacted/requested	38,733	60,038	65,292
086–289100	Proceeds, Grants for Emergency Mortgage Relief Derived from Emergency Homeowners' Relief Fund: Enacted/requested	1
General Fund Offsetting receipts from the public		64,091	80,246	87,529


Intragovernmental payments:
014–142700	Interest on Advances to Colorado River Dam Fund, Boulder Canyon Project: Enacted/requested		1
020–136000	Interest on Loans to Western Area Power Administration: Enacted/requested	1
020–320000	Receivables from Cancelled Accounts: Enacted/requested	3
020–150120	Interest on Loans and Repayable Advances to the Federal Unemployment Account: Enacted/requested	54
020–310100	Recoveries from Federal Agencies for Settlement of Claims for Contract Disputes: Enacted/requested	72
020–136300	Interest on Loans for College Housing and Academic Facilities Loans, Education: Enacted/requested	2	2	2
020–133800	Interest on Loans to the Presidio: Enacted/requested	3	3	3
020–311200	Reimbursement from Federal Agencies for Payments Made As a Result of Discriminatory Conduct: Enacted/requested	18	13	13
020–150110	Interest on Loans or Advances to the Extended Unemployment Compensation Account: Enacted/requested	482	210	90
020–141300	Interest on Loans to Temporary Corporate Credit Union Stabilization Fund, NCUA: Enacted/requested	3	22	37
020–141500	Interest on Loans to Federal Deposit Insurance Corporation: Enacted/requested		8	36
020–149700	Payment of Interest on Advances to the Railroad Retirement Board: Enacted/requested	103	97	128
020–149500	Interest Payments on Repayable Advances to the Black Lung Disability Trust Fund: Enacted/requested	97	122	154
020–140100	Interest on Loans to Commodity Credit Corporation: Enacted/requested	8	30	135
020–143300	Interest on Loans to National Flood Insurance Fund, DHS: Enacted/requested	319	467	478
020–135100	Interest on Loans to BPA: Enacted/requested	399	454	484
020–241600	Charges for Administrative Expenses of Social Security Act As Amended: Enacted/requested	720	706	724
020–141800	Interest on Loans to Federal Financing Bank: Enacted/requested	1,765	1,444	1,566
020–113000	Unclaimed Assets Recovery Account: Legislative proposal, subject to PAYGO			8
073–142800	Interest on Advances to Small Business Administration: Enacted/requested	1	1	1
089–142400	Interest on Investment, Colorado River Projects: Enacted/requested		4	4

General Fund Intragovernmental payments		4,050	3,584	3,863

(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.

(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.

(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.

(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.

(3) Senior Advisor to the Secretary of the Treasury assigned to the Presidential Task Force on the Auto Industry and Senior Counselor for Manufacturing Policy.

(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.

(1) the National Academy of Sciences, in consultation with the National Highway Traffic Safety Administration and the Department of Defense, completes a study to determine—

(A) the technical validity of the lateral stability and vehicle handling requirements proposed by such standard for purposes of reducing the risk of Recreational Off-Highway Vehicle (referred to in this section as "ROV") rollovers in the off-road environment, including the repeatability and reproducibility of testing for compliance with such requirements;

(B) the number of ROV rollovers that would be prevented if the proposed requirements were adopted;

(C) whether there is a technical basis for the proposal to provide information on a point-of-sale hangtag about a ROV's rollover resistance on a progressive scale; and

(D) the effect on the utility of ROVs used by the United States military if the proposed requirements were adopted; and

(2) a report containing the results of the study completed under paragraph (1) is delivered to—

(1) is not less comprehensive than the complimentary identity protection coverage that the Office provided to affected individuals before the date of enactment of this Act;

(b) Definition.—In this section, the term "affected individual" means any individual whose Social Security Number was compromised during—

(1) the data breach of personnel records of current and former Federal employees, at a network maintained by the Department of the Interior, that was announced by the Office of Personnel Management on June 4, 2015; or

(2) the data breach of systems of the Office of Personnel Management containing information related to the background investigations of current, former, and prospective Federal employees, and of other individuals.

(1) Banking institution.—The term "banking institution" means an insured depository institution, Federal credit union, State credit union, bank holding company, or savings and loan holding company.

(2) Basel III capital requirements.—The term "Basel III capital requirements" means the Global Regulatory Framework for More Resilient Banks and Banking Systems issued by the Basel Committee on Banking Supervision on December 16, 2010, as revised on June 1, 2011.

(3) Federal banking agencies.—The term "Federal banking agencies" means the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration.

(4) Mortgage servicing assets.—The term "mortgage servicing assets" means those assets that result from contracts to service loans secured by real estate, where such loans are owned by third parties.

(5) NCUA capital requirements.—The term "NCUA capital requirements" means the final rule of the National Credit Union Administration entitled "Risk-Based Capital" (80 Fed. Reg. 66625 (October 29, 2015)).

(A) Banking definitions.—The terms "bank holding company", "insured depository institution", and "savings and loan holding company" have the meanings given those terms in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(B) Credit union definitions.—The terms "Federal credit union" and "State credit union" have the meanings given those terms in section 101 of the Federal Credit Union Act (12 U.S.C. 1752).

(1) In general.—The Federal banking agencies shall jointly conduct a study of the appropriate capital requirements for mortgage servicing assets for banking institutions.

(2) Issues to be studied.—The study required under paragraph (1) shall include, with a specific focus on banking institutions—

(B) the history of the market for mortgage servicing assets, including in particular the market for those assets in the period of the financial crisis;

(C) the ability of banking institutions to establish a value for mortgage servicing assets of the institution through periodic sales or other means;

(D) regulatory approaches to mortgage servicing assets and capital requirements that may be used to address concerns about the value of and ability to sell mortgage servicing assets;

(E) the impact of imposing the Basel III capital requirements and the NCUA capital requirements on banking institutions on the ability of those institutions—

(i) to compete in the mortgage servicing business, including the need for economies of scale to compete in that business; and

(ii) to provide service to consumers to whom the institutions have made mortgage loans;

(F) an analysis of what the mortgage servicing marketplace would look like if the Basel III capital requirements and the NCUA capital requirements on mortgage servicing assets—

(ii) applied to both banking institutions and nondepository residential mortgage loan servicers;

(G) the significance of problems with mortgage servicing assets, if any, in banking institution failures and problem banking institutions, including specifically identifying failed banking institutions where mortgage servicing assets contributed to the failure; and

(H) an analysis of the relevance of the Basel III capital requirements and the NCUA capital requirements on mortgage servicing assets to the banking systems of other significantly developed countries.

(3) Report to congress.—Not later than 180 days after the date of enactment of this title, the Federal banking agencies shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report containing—

(B) any analysis on the specific issue of mortgage servicing assets undertaken by the Federal banking agencies before finalizing regulations implementing the Basel III capital requirements and the NCUA capital requirements; and

(C) any recommendations for legislative or regulatory actions that would address concerns about the value of and ability to sell and the ability of banking institutions to hold mortgage servicing assets.]

(A) in the matter preceding paragraph (1), by striking "The filing fees" and inserting "Subject to subsection (c), the filing fees";

(ii) by striking the period at the end and inserting "but less than $1,000,000,000 (as so adjusted and published); and"; and

"(4) $570,000 if the aggregate total amount determined under section 7A(a)(2) of the Clayton Act (15 U.S.C. 18a(a)(2)) is not less than $1,000,000,000 (as so adjusted and published)"; and

"(c) For fiscal year 2019, and each fiscal year thereafter, the Federal Trade Commission shall publish in the Federal Register and increase the amount of each filing fee under subsection (b) in the same manner and on the same dates as provided under section 8(a)(5) of the Clayton Act (15 U.S.C. 19(a)(5)) to reflect the percentage change in the gross national product for the fiscal year as compared to the gross national product for fiscal year 2014 except that the Federal Trade Commission—

"(1) shall round any increase in a filing fee under this subsection to the nearest $5,000;

"(2) shall not increase filing fees under this subsection if the increase in the gross national product is less than 1 percent; and

"(4)(A) Beginning on October 1, 2017, the Commission may prescribe a schedule of fees to be paid by persons who import consumer products, or other products or substances regulated under this Act or any other Act enforced by the Commission, into the customs territory of the United States to cover the expenses of the Commission in carrying out the program required by paragraph (1).

"(B) Amounts collected under this paragraph shall be deposited into "Consumer Product Safety Commission—Salaries and Expenses" as offsetting collections. The amounts shall be collected and shall be available only to the extent and in such amounts as are provided in advance in appropriations Acts—

"(i) to cover the costs expended to carry out the program required by paragraph (1);

"(ii) to cover the costs expended to carry out the administration of this paragraph; and

"(C) In prescribing a schedule of fees under subparagraph (A), the Commission shall ensure that the amount of the fees collected are commensurate with the costs described in subparagraph (B).

"(D)(i) The Commission may enter into an agreement with another Federal agency to collect fees under this paragraph on behalf of the Commission.

"(ii) In any case in which another Federal agency collects fees on behalf of the Commission under clause (i), the Commission shall reimburse such agency for such expenses as such agency may have incurred in the course of collecting fees under clause (i).

"(E) The Commission may prescribe such regulations as the Commission considers appropriate to carry out this paragraph.".

(a) in its title, to read as follows: "(g) Filing of designations, statements, and reports with the Commission"; and

(b) in its text, to read as follows: "All designations, statements, and reports required to be filed under this Act shall be filed with the Commission.".

(b) Within two years of enactment of this Act, all unexpended balances in the name of the Christopher Columbus Fellowship Foundation shall be returned to the General Fund of the Treasury.

DEPARTMENT OF THE TREASURY

Departmental Offices

Federal Funds

salaries and expenses

Office of Terrorism and Financial Intelligence

salaries and expenses

Cybersecurity Enhancement Account

Department-Wide systems and capital investments programs

(including transfer of funds)

Pay for Success

Pay for Success

(Legislative proposal, subject to PAYGO)

Financing America's Infrastructure Renewal (FAIR) Program

Financing America's Infrastructure Renewal (FAIR) Program

(Legislative proposal, subject to PAYGO)

Office of inspector general

Salaries and expenses

Treasury inspector general for tax administration

Salaries and expenses

Counterterrorism Fund

Terrorism Insurance Program

Treasury Forfeiture Fund

[(rescission)](cancellation)

Financial Research Fund

Presidential Election Campaign Fund

Exchange Stabilization Fund

Treasury Franchise Fund

Grants for Specified Energy Property in Lieu of Tax Credits, Recovery Act

Community Development Financial Institutions Fund Program Account

Community Development Financial Institutions Fund Direct Loan Financing Account

Financial Innovation for Working Families Fund

Financial Innovation for Working Families Fund

(Legislative proposal, subject to PAYGO)

Office of Financial Stability

Troubled Asset Relief Program Account

Troubled Asset Relief Program Direct Loan Financing Account

Troubled Asset Relief Program Equity Purchase Program

Troubled Asset Relief Program Equity Purchase Financing Account

Troubled Asset Relief Program, Housing Programs

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

special inspector general for the troubled asset relief program

salaries and expenses

Small Business Lending Fund Program Account

Small Business Lending Fund Financing Account

Allotment for Puerto Rico EITC Payments

Allotment for Puerto Rico EITC Payments

(Legislative proposal, subject to PAYGO)

State Small Business Credit Initiative

State Small Business Credit Initiative

(Legislative proposal, subject to PAYGO)

GSE Preferred Stock Purchase Agreements

GSE Mortgage-Backed Securities Purchase Program Account

GSE Mortgage-Backed Securities Purchase Direct Loan Financing Account

State HFA Direct Loan Financing Account

Trust Funds

Capital Magnet Fund, Community Development Financial Institutions

Gifts and Bequests

Financial Crimes Enforcement Network

Federal Funds

salaries and expenses

Fiscal Service

Federal Funds

Salaries and Expenses

Reimbursements to Federal Reserve Banks

Restoration of Lost Interest, Medicare Trust Funds

Payment to the Resolution Funding Corporation

Hope Reserve Fund

Federal Reserve Bank Reimbursement Fund

Payment of Government Losses in Shipment

Financial Agent Services

Interest on Uninvested Funds

Federal Interest Liabilities to States

Interest Paid to Credit Financing Accounts

Claims, Judgments, and Relief Acts

Restitution of Forgone Interest

Biomass Energy Development

Continued Dumping and Subsidy Offset

Check Forgery Insurance Fund

Trust Funds

Yankton Sioux Tribe Development Trust Fund