Appendix - Department of the Treasury

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

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

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

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

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

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


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

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

0100	Subtotal, Direct programs	214	243	255

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

0900	Total new obligations, unexpired accounts	230	252	264

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

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

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

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

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

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

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

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

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

4060	Additional offsets against budget authority only (total)	12

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


		2019 actual	2020 est.	2021 est.

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

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


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

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

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

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

99.9	Total new obligations, unexpired accounts	230	252	264


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

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

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


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

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

0100	Subtotal, Direct programs			2

0799	Total direct obligations			2

0900	Total new obligations, unexpired accounts			2

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

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

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

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


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

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

11.9	Total personnel compensation			1

99.0	Direct obligations			1
99.5	Adjustment for rounding			1

99.9	Total new obligations, unexpired accounts			2


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

1001	Direct civilian full-time equivalent employment			7

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


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

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

0900	Total new obligations, unexpired accounts	161	178	181

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

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

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

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

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

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

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

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

4060	Additional offsets against budget authority only (total)	1

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

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


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

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

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

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

99.9	Total new obligations, unexpired accounts	161	178	181


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

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

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


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

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

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

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

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

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

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

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


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

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

99.0	Direct obligations	33	24	24
99.5	Adjustment for rounding			1

99.9	Total new obligations, unexpired accounts	33	24	25


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

1001	Direct civilian full-time equivalent employment	12	11	6

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


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

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

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

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

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

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

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

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

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


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

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

99.0	Direct obligations	3	7	10
99.5	Adjustment for rounding	1

99.9	Total new obligations, unexpired accounts	4	7	10

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


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

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

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

0900	Total new obligations, unexpired accounts	44	50	48

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

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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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

99.9	Total new obligations, unexpired accounts	44	50	48


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

1001	Direct civilian full-time equivalent employment	154	167	180

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


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

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

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

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

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

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

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

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


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

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

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

0900	Total new obligations, unexpired accounts	170	171	172

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

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

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

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

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

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

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

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

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


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

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

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

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

99.9	Total new obligations, unexpired accounts	170	171	172


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

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


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

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

0900	Total new obligations, unexpired accounts	3	31	94

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

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

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

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

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

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


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

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

99.0	Direct obligations	3	31	94

99.9	Total new obligations, unexpired accounts	3	31	94


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

1001	Direct civilian full-time equivalent employment	4	4	4


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

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

1199	Total current law receipts	876	597	597

1999	Total receipts	876	597	597

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

2199	Total current law appropriations	–972	–616	–632

2999	Total appropriations	–972	–616	–632

5099	Balance, end of year	56	37	2


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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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


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

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

1199	Total current law receipts	66	73	77

1999	Total receipts	66	73	77

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

2199	Total current law appropriations	–66	–74	–80

2999	Total appropriations	–66	–74	–80

5099	Balance, end of year	4	3


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

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

0091	FSOC subtotal	9	9	10
0101	OFR	60	75	75

0900	Total new obligations, unexpired accounts	69	84	85

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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

99.9	Total new obligations, unexpired accounts	69	84	85


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

1001	Direct civilian full-time equivalent employment	120	146	163


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

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

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

2199	Total current law appropriations	–25	–25	–25

2999	Total appropriations	–25	–25	–25

5099	Balance, end of year	2	27	52


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

	Obligations by program activity:
0001	Presidential Election Campaigns	41	226

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

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

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

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

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

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

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

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

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

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

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

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


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

	Obligations by program activity:
0001	Direct program activity	249

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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

3999	Total net position	39,639	39,901

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


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

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

0900	Total new obligations, unexpired accounts	728	830	869

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

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

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

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

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

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

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

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

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

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


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

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

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

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

99.9	Total new obligations, unexpired accounts	728	830	869


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

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

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

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

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


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

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

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

0791	Direct program activities, subtotal	6	9

0900	Total new obligations, unexpired accounts	96	460	15

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

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

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

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

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

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

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

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

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


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

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

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

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

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

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

135999	Total direct loan reestimates	–3	–7

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

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

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


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

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

99.0	Direct obligations	96	460	15

99.9	Total new obligations, unexpired accounts	96	460	15


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

1001	Direct civilian full-time equivalent employment	67	76	39


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

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

0900	Total new obligations, unexpired accounts	147	554	335

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

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

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

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

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

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

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


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

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

1150	Total direct loan obligations	100	507	300

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

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


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

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

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

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

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

4999	Total liabilities and net position	795	1,127


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

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

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

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

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

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

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

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


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

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

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

99.9	Total new obligations, unexpired accounts	58	47	42


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

1001	Direct civilian full-time equivalent employment	22	16	14

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


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

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

135999	Total direct loan reestimates	–13	–73

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

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


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

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

0900	Total new obligations, unexpired accounts	13	73

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

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

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

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


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

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

1499	Net present value of assets related to direct loans

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

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

4999	Total liabilities and net position	13	13


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

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

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

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

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

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

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


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

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

135999	Total direct loan reestimates	–11	7

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


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

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

0900	Total new obligations, unexpired accounts	14	1

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

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

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

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

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

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

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


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

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

1290	Outstanding, end of year	40	28	22

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


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

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

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

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

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

4999	Total liabilities and net position	72	35


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

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

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

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

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

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

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


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

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

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


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

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

0900	Total new obligations, unexpired accounts	1	2

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

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

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


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

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

2150	Total guaranteed loan commitments

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

2290	Outstanding, end of year	159	135	111

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


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

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

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

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

4999	Total liabilities and net position	4	3

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


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

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

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

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

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

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

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

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

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

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


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

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

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

99.0	Direct obligations	26	22	18

99.9	Total new obligations, unexpired accounts	26	22	18


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

1001	Direct civilian full-time equivalent employment	96	85	80


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

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

0900	Total new obligations, unexpired accounts	5	7	3

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

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

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

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

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

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


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

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

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

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


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

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

99.0	Direct obligations	4	7	3
99.5	Adjustment for rounding	1

99.9	Total new obligations, unexpired accounts	5	7	3


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

1001	Direct civilian full-time equivalent employment	3	3	3


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

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

0900	Total new obligations, unexpired accounts	4	2	1

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

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

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

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

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

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

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


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

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

1290	Outstanding, end of year	82	75


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

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

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

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

4999	Total liabilities and net position	202	153


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

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

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

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

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

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


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

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

0900	Total new obligations, unexpired accounts	1	31	7

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

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

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

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

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


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

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

99.9	Total new obligations, unexpired accounts	1	31	7


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

1001	Direct civilian full-time equivalent employment	3	3	3


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

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

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


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

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

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

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

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

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

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


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

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

135999	Total direct loan reestimates	–6	–17

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


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

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

0900	Total new obligations, unexpired accounts	161	165	147

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

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

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

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

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

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

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

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


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

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

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


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

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

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

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

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

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

Trust Funds


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

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

1999	Total receipts	132	162

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

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

2999	Total appropriations	–134	–161	–9

5099	Balance, end of year	8	9


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

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

0900	Total new obligations, unexpired accounts	144	133	162

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

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

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

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

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

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

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

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


		2019 actual	2020 est.	2021 est.

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

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


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

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

99.9	Total new obligations, unexpired accounts	144	133	162


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

1001	Direct civilian full-time equivalent employment	3	6	6


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

	Obligations by program activity:
0001	CDFI Allocations			–160

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

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

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

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

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


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

1001	Direct civilian full-time equivalent employment			–3


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

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

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

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

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 $12,000 for official reception and representation expenses; and for assistance to Federal law enforcement agencies, with or without reimbursement, $126,963,000, of which not to exceed $34,335,000 shall remain available until September 30, 2023.


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

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

0900	Total new obligations, unexpired accounts	131	128	130

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

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

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

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

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

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

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

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

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

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


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

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

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

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

99.9	Total new obligations, unexpired accounts	131	128	130


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

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

Federal Funds

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

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


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

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

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

1299	Total proposed receipts			124

1999	Total receipts	224	199	329

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

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

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

5099	Balance, end of year	2		102


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

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

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

0900	Total new obligations, unexpired accounts	724	757	743

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

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

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

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

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

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

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

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

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

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

4060	Additional offsets against budget authority only (total)	4

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

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


		2019 actual	2020 est.	2021 est.

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

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

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


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

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

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

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

99.9	Total new obligations, unexpired accounts	724	757	743


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

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


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

	Obligations by program activity:
0002	Debt Collection			22

0799	Total direct obligations			22

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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


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

0100	Balance, start of year	1	1	1

2000	Total: Balances and receipts	1	1	1

5099	Balance, end of year	1	1	1


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

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

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


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

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

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

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

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

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

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

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

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


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

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

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

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

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

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

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


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

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

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

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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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


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

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

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

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

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

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

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


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

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

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

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

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

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

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

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

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

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


		2019 actual	2020 est.	2021 est.

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

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


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

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

0191	Total court judgments			–3

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

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

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

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

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


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

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

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

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

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

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

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

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

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


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

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

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

2199	Total current law appropriations	–17	–53	–17

2999	Total appropriations	–17	–53	–17

5099	Balance, end of year	1	3


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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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

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

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

Trust Funds


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

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

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

5099	Balance, end of year	60	60	60


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

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

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

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

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

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

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

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


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

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

1199	Total current law receipts	323	340	330

1999	Total receipts	323	340	330

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

2199	Total current law appropriations	–315	–339	–351

2999	Total appropriations	–315	–339	–351

5099	Balance, end of year	20	21


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

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

0900	Total new obligations, unexpired accounts	240	176	175

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

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

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

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

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

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

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

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


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

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

99.9	Total new obligations, unexpired accounts	240	176	175

Federal Funds


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

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

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

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

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

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

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

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

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

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

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

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

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


	2019 actual	2020 est.	2021 est.

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


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


	2019 actual	2020 est.	2021 est.

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

Total Agency or Guaranteed Principal Received	77,425	5,607	727

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

Total Agency or Guaranteed Principal Repaid	74,861	2,095	51

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

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


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

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

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

Federal Funds

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


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

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

0192	Total direct program	121	121	126

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

0899	Total reimbursable obligations	6	7	7

0900	Total new obligations, unexpired accounts	127	128	133

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

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

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

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

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

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

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

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

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

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


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

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

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

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

99.9	Total new obligations, unexpired accounts	127	128	133


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

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


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

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

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

5099	Balance, end of year


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

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

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

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

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

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

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

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

Federal Funds


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

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

0900	Total new obligations, unexpired accounts	955	820	887

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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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

99.9	Total new obligations, unexpired accounts	955	820	887


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

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

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 2021 under such section 5136 for circulating coinage and protective service capital investments of the United States Mint shall not exceed $50,000,000.


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

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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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

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


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

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

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

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

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

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

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

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

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, $2,562,554,000, of which not less than $11,000,000 shall be for the Tax Counseling for the Elderly Program, of which not less than $12,000,000 shall be available for low-income taxpayer clinic grants, of which not less than $25,000,000, to remain available until September 30, 2022, shall be available for the Community Volunteer Income Tax Assistance Matching Grants Program for tax return preparation assistance, and of which not less than $209,000,000 shall be available for operating expenses of the Taxpayer Advocate Service: Provided, That of the amounts made available for the Taxpayer Advocate Service, not less than $5,500,000 shall be for identity theft and refund fraud casework.


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

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

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

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

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

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

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

1160	Appropriation, discretionary (total)	2,557	2,536	2,563
	Spending authority from offsetting collections, discretionary:
1700	Collected	38	66	69
1900	Budget authority (total)	2,595	2,602	2,632
1930	Total budgetary resources available	2,619	2,606	2,732
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–3

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	194	200	207
3010	New obligations, unexpired accounts	2,616	2,606	2,732
3011	Obligations ("upward adjustments"), expired accounts	35
3020	Outlays (gross)	–2,633	–2,591	–2,716
3041	Recoveries of prior year unpaid obligations, expired	–12	–8	–9

3050	Unpaid obligations, end of year	200	207	214
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–9
3071	Change in uncollected pymts, Fed sources, expired	9
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	185	200	207
3200	Obligated balance, end of year	200	207	214

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	2,595	2,602	2,632
	Outlays, gross:
4010	Outlays from new discretionary authority	2,410	2,412	2,440
4011	Outlays from discretionary balances	223	179	276

4020	Outlays, gross (total)	2,633	2,591	2,716
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–54	–74	–77
4033	Non-Federal sources	–26	–15	–15

4040	Offsets against gross budget authority and outlays (total)	–80	–89	–92
	Additional offsets against gross budget authority only:
4052	Offsetting collections credited to expired accounts	42	23	23

4060	Additional offsets against budget authority only (total)	42	23	23

4070	Budget authority, net (discretionary)	2,557	2,536	2,563
4080	Outlays, net (discretionary)	2,553	2,502	2,624
4180	Budget authority, net (total)	2,557	2,536	2,563
4190	Outlays, net (total)	2,553	2,502	2,624

This appropriation primarily funds staffing for the processing of tax returns and related documents, and assistance for taxpayers in filing returns and paying taxes in a timely manner. It also supports a number of other activities, including forms, publications, and taxpayer advocacy services.


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

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	1,572	1,552	1,613
11.3	Other than full-time permanent	52	52	54
11.5	Other personnel compensation	130	55	71

11.9	Total personnel compensation	1,754	1,659	1,738
12.1	Civilian personnel benefits	621	644	683
13.0	Benefits for former personnel	29	34	34
21.0	Travel and transportation of persons	12	14	14
22.0	Transportation of things	1	1	1
23.3	Communications, utilities, and miscellaneous charges	2	1	2
24.0	Printing and reproduction	9	10	10
25.1	Advisory and assistance services	35	41	42
25.2	Other services from non-Federal sources	12	23	23
25.3	Other goods and services from Federal sources	59	58	60
26.0	Supplies and materials	4	6	7
41.0	Grants, subsidies, and contributions	40	48	48
42.0	Insurance claims and indemnities		1	1

99.0	Direct obligations	2,578	2,540	2,663
99.0	Reimbursable obligations	38	66	69

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


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

1001	Direct civilian full-time equivalent employment	28,765	26,760	25,678
1001	Direct civilian full-time equivalent employment	96	60	1,510
2001	Reimbursable civilian full-time equivalent employment	507	862	905

For necessary expenses for tax enforcement activities of the Internal Revenue Service to determine and collect owed taxes, to provide legal and litigation support, to conduct criminal investigations, to enforce criminal statutes related to violations of internal revenue laws and other financial crimes, to purchase and hire passenger motor vehicles (31 U.S.C. 1343(b)), and to provide other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $5,071,260,000, of which not to exceed $250,000,000 shall remain available until September 30, 2022; of which not less than $60,257,000 shall be for the Interagency Crime and Drug Enforcement program; and of which not to exceed $15,000,000 shall be for investigative technology for the Criminal Investigation Division: Provided, That the amount made available for investigative technology for the Criminal Investigation Division shall be in addition to amounts made available for the Criminal Investigation Division under the "Operations Support" heading: Provided further, That of the funds provided under this paragraph, $5,071,260,000 is provided to meet the terms of section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.

In addition, not less than $279,983,000 for tax activities under this heading, including tax compliance to address the Federal tax gap: Provided, That such amount is additional new budget authority for tax activities, including tax compliance to address the Federal tax gap, as specified for purposes of section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.


Identification code 020–0913–0–1–999		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Investigations	609	694	683
0002	Exam and Collections	3,845	4,130	4,262
0003	Regulatory	165	163	170
0004	Program Integrity Cap Adjustment			280

0100	Subtotal, Direct program	4,619	4,987	5,395

0799	Total direct obligations	4,619	4,987	5,395
0801	Enforcement (Reimbursable)	28	40	42

0900	Total new obligations, unexpired accounts	4,647	5,027	5,437

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	14	52	8
1011	Unobligated balance transfer from other acct [020–0912]	1
1012	Unobligated balance transfers between expired and unexpired accounts	4
1021	Recoveries of prior year unpaid obligations	2
1033	Recoveries of prior year paid obligations	3	3	3

1050	Unobligated balance (total)	24	55	11
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	4,872	5,010	5,351
1120	Appropriations transferred to other acct [020–0919]	–194	–77
1120	Appropriations transferred to other acct [020–0912]		–24

1160	Appropriation, discretionary (total)	4,678	4,909	5,351
	Spending authority from offsetting collections, discretionary:
1700	Collected	19	35	37
1701	Change in uncollected payments, Federal sources	19	36	38

1750	Spending auth from offsetting collections, disc (total)	38	71	75
1900	Budget authority (total)	4,716	4,980	5,426
1930	Total budgetary resources available	4,740	5,035	5,437
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–41
1941	Unexpired unobligated balance, end of year	52	8

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	383	417	459
3010	New obligations, unexpired accounts	4,647	5,027	5,437
3011	Obligations ("upward adjustments"), expired accounts	31
3020	Outlays (gross)	–4,625	–4,970	–5,379
3040	Recoveries of prior year unpaid obligations, unexpired	–2
3041	Recoveries of prior year unpaid obligations, expired	–17	–15	–15

3050	Unpaid obligations, end of year	417	459	502
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–36	–21	–57
3070	Change in uncollected pymts, Fed sources, unexpired	–19	–36	–38
3071	Change in uncollected pymts, Fed sources, expired	34

3090	Uncollected pymts, Fed sources, end of year	–21	–57	–95
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	347	396	402
3200	Obligated balance, end of year	396	402	407

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	4,716	4,980	5,426
	Outlays, gross:
4010	Outlays from new discretionary authority	4,267	4,595	5,007
4011	Outlays from discretionary balances	357	374	371

4020	Outlays, gross (total)	4,624	4,969	5,378
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–65	–65	–66
4033	Non-Federal sources	–23	–20	–20

4040	Offsets against gross budget authority and outlays (total)	–88	–85	–86
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–19	–36	–38
4052	Offsetting collections credited to expired accounts	66	47	46
4053	Recoveries of prior year paid obligations, unexpired accounts	3	3	3

4060	Additional offsets against budget authority only (total)	50	14	11

4070	Budget authority, net (discretionary)	4,678	4,909	5,351
4080	Outlays, net (discretionary)	4,536	4,884	5,292
	Mandatory:
	Outlays, gross:
4101	Outlays from mandatory balances	1	1	1
4180	Budget authority, net (total)	4,678	4,909	5,351
4190	Outlays, net (total)	4,537	4,885	5,293

This appropriation primarily funds staffing for: the examination of tax returns, both domestic and international; the administrative and judicial settlement of taxpayer appeals of examination findings; technical rulings; monitoring employee pension plans; determining qualifications of organizations seeking tax-exempt status; examining the tax returns of exempt organizations; enforcing statutes relating to detection and investigation of criminal violations of the internal revenue laws and other financial crimes; identifying underreporting of tax obligations; securing unfiled tax returns; and collecting unpaid accounts. In addition to the base resources, the Budget proposes $280 million in a cap adjustment for additional tax enforcement and compliance activities.


Identification code 020–0913–0–1–999		2019 actual	2020 est.	2021 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	2,978	3,130	3,357
11.3	Other than full-time permanent	29	33	34
11.5	Other personnel compensation	122	111	140
11.8	Special personal services payments	29	22	23

11.9	Total personnel compensation	3,158	3,296	3,554
12.1	Civilian personnel benefits	1,136	1,255	1,377
13.0	Benefits for former personnel		1	1
21.0	Travel and transportation of persons	66	100	127
22.0	Transportation of things	9	9	13
23.3	Communications, utilities, and miscellaneous charges	3	2	2
24.0	Printing and reproduction	2	3	3
25.1	Advisory and assistance services	135	157	152
25.2	Other services from non-Federal sources	32	51	54
25.3	Other goods and services from Federal sources	35	38	47
25.7	Operation and maintenance of equipment	1	2	5
26.0	Supplies and materials	20	36	36
31.0	Equipment	13	24	14
42.0	Insurance claims and indemnities	1	1	1
91.0	Unvouchered	8	12	9

99.0	Direct obligations	4,619	4,987	5,395
99.0	Reimbursable obligations	28	40	42

99.9	Total new obligations, unexpired accounts	4,647	5,027	5,437


Identification code 020–0913–0–1–999		2019 actual	2020 est.	2021 est.

1001	Direct civilian full-time equivalent employment	33,484	35,388	37,895
2001	Reimbursable civilian full-time equivalent employment	45	62	65

For necessary expenses of the Internal Revenue Service to support taxpayer services and enforcement programs, including rent payments; facilities services; printing; postage; physical security; headquarters and other IRS-wide administration activities; research and statistics of income; telecommunications; information technology development, enhancement, operations, maintenance, and security; the hire of passenger motor vehicles (31 U.S.C. 1343(b)); the operations of the Internal Revenue Service Oversight Board; and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner; $4,104,689,000, of which not to exceed $250,000,000 shall remain available until September 30, 2022; of which not to exceed $10,000,000 shall remain available until expended for acquisition of equipment and construction, repair and renovation of facilities; of which not to exceed $1,000,000 shall remain available until September 30, 2023, for research; and of which not to exceed $20,000 shall be for official reception and representation expenses: Provided, That not later than 30 days after the end of each quarter, the Internal Revenue Service shall submit a report to the Committees on Appropriations of the House of Representatives and the Senate and the Comptroller General of the United States detailing major information technology investments in the Internal Revenue Service Integrated Modernization Business Plan portfolio, including detailed, plain language summaries on the status of plans, costs, and results; prior results and actual expenditures of the prior quarter; upcoming deliverables and costs for the fiscal year; risks and mitigation strategies associated with ongoing work; reasons for any cost or schedule variances; and total expenditures by fiscal year: Provided further, That the Internal Revenue Service shall include, in its budget justification for fiscal year 2022, a summary of cost and schedule performance information for its major information technology systems: Provided further, That of the funds provided under this paragraph, $4,104,689,000 is provided to meet the terms of section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.

In addition, not less than $120,017,000 shall be for tax activities under this heading, including tax compliance to address the Federal tax gap: Provided, That such amount is additional new budget authority for tax activities, including tax compliance to address the Federal tax gap, as specified for purposes of section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.


Identification code 020–0919–0–1–803		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0002	Infrastructure	897	879	899
0003	Shared Services and Support	911	983	1,064
0004	Information Services	2,476	2,456	2,611
0005	Program Integrity Cap Adjustment			120

0100	Subtotal, direct programs	4,284	4,318	4,694

0799	Total direct obligations	4,284	4,318	4,694
0801	Operations Support (Reimbursable)	58	65	68

0900	Total new obligations, unexpired accounts	4,342	4,383	4,762

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	193	58	58
1011	Unobligated balance transfer from other acct [020–5432]	218	410	63
1012	Unobligated balance transfers between expired and unexpired accounts	6
1021	Recoveries of prior year unpaid obligations	9	9	9

1050	Unobligated balance (total)	426	477	130
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	3,724	3,808	4,225
1121	Appropriations transferred from other acct [020–5432]		14	387
1121	Appropriations transferred from other acct [020–0913]	194	77

1160	Appropriation, discretionary (total)	3,918	3,899	4,612
	Spending authority from offsetting collections, discretionary:
1700	Collected	53	65	68
1701	Change in uncollected payments, Federal sources	5

1750	Spending auth from offsetting collections, disc (total)	58	65	68
1900	Budget authority (total)	3,976	3,964	4,680
1930	Total budgetary resources available	4,402	4,441	4,810
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–2
1941	Unexpired unobligated balance, end of year	58	58	48

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1,231	1,161	1,208
3010	New obligations, unexpired accounts	4,342	4,383	4,762
3011	Obligations ("upward adjustments"), expired accounts	20
3020	Outlays (gross)	–4,367	–4,279	–4,489
3040	Recoveries of prior year unpaid obligations, unexpired	–9	–9	–9
3041	Recoveries of prior year unpaid obligations, expired	–56	–48	–48

3050	Unpaid obligations, end of year	1,161	1,208	1,424
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–9	–5	–5
3070	Change in uncollected pymts, Fed sources, unexpired	–5
3071	Change in uncollected pymts, Fed sources, expired	9

3090	Uncollected pymts, Fed sources, end of year	–5	–5	–5
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	1,222	1,156	1,203
3200	Obligated balance, end of year	1,156	1,203	1,419

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	3,976	3,964	4,680
	Outlays, gross:
4010	Outlays from new discretionary authority	3,136	3,143	3,548
4011	Outlays from discretionary balances	1,231	1,136	941

4020	Outlays, gross (total)	4,367	4,279	4,489
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–63	–67	–70
4033	Non-Federal sources	–13	–9	–9

4040	Offsets against gross budget authority and outlays (total)	–76	–76	–79
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–5
4052	Offsetting collections credited to expired accounts	23	11	11

4060	Additional offsets against budget authority only (total)	18	11	11

4070	Budget authority, net (discretionary)	3,918	3,899	4,612
4080	Outlays, net (discretionary)	4,291	4,203	4,410
4180	Budget authority, net (total)	3,918	3,899	4,612
4190	Outlays, net (total)	4,291	4,203	4,410

This appropriation provides resources for overall planning, direction, operations, and critical infrastructure activities for the IRS. These activities include IT and cybersecurity that keep tax systems running and protect taxpayer data, the financial management activities that ensure effective stewardship of the nation's revenues, and the physical infrastructure that help IRS employees serve customers in office, campus, and Taxpayer Assistance Center sites. Telecommunications, human resource, and communications infrastructure are also critical components of this appropriation and are vital to maintaining adequate levels of customer service and the post-filing processes necessary for the tax system to function. In addition to the base resources, the Budget proposes $120 million in a cap adjustment to support additional tax enforcement and compliance activities.


Identification code 020–0919–0–1–803		2019 actual	2020 est.	2021 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	1,143	1,327	1,396
11.3	Other than full-time permanent	6	6	6
11.5	Other personnel compensation	20	20	30

11.9	Total personnel compensation	1,169	1,353	1,432
12.1	Civilian personnel benefits	381	443	476
21.0	Travel and transportation of persons	16	17	19
22.0	Transportation of things	13	14	15
23.1	Rental payments to GSA	582	580	592
23.2	Rental payments to others	11	11	12
23.3	Communications, utilities, and miscellaneous charges	319	329	365
24.0	Printing and reproduction	18	19	20
25.1	Advisory and assistance services	978	866	981
25.2	Other services from non-Federal sources	31	30	41
25.3	Other goods and services from Federal sources	73	71	77
25.4	Operation and maintenance of facilities	189	187	199
25.6	Medical care	14	15	16
25.7	Operation and maintenance of equipment	64	62	67
26.0	Supplies and materials	9	11	12
31.0	Equipment	376	255	307
32.0	Land and structures	41	55	63

99.0	Direct obligations	4,284	4,318	4,694
99.0	Reimbursable obligations	58	65	68

99.9	Total new obligations, unexpired accounts	4,342	4,383	4,762


Identification code 020–0919–0–1–803		2019 actual	2020 est.	2021 est.

1001	Direct civilian full-time equivalent employment	10,749	11,970	12,156
1001	Direct civilian full-time equivalent employment		15	10
2001	Reimbursable civilian full-time equivalent employment	90	54	57

For necessary expenses of the Internal Revenue Service's business systems modernization program, $300,000,000, to remain available until September 30, 2023, for the capital asset acquisition of information technology systems, including management and related contractual costs of said acquisitions, including related Internal Revenue Service labor costs, and contractual costs associated with operations authorized by 5 U.S.C. 3109: Provided, That not later than 30 days after the end of each quarter, the Internal Revenue Service shall submit a report to the Committees on Appropriations of the House of Representatives and the Senate and the Comptroller General of the United States detailing major information technology investments in the Internal Revenue Service Integrated Modernization Business Plan portfolio, including detailed, plain language summaries on the status of plans, costs, and results; prior results and actual expenditures of the prior quarter; upcoming deliverables and costs for the fiscal year; risks and mitigation strategies associated with ongoing work; reasons for any cost or schedule variances; and total expenditures by fiscal year.


Identification code 020–0921–0–1–803		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Business Systems Modernization	345	279	276

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	134	30	36
1010	Unobligated balance transfer to other accts [020–5432]	–1
1011	Unobligated balance transfer from other acct [020–5432]		102
1021	Recoveries of prior year unpaid obligations	2	3	3

1050	Unobligated balance (total)	135	135	39
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	150	180	300
1121	Appropriations transferred from other acct [020–5432]	90

1160	Appropriation, discretionary (total)	240	180	300
1930	Total budgetary resources available	375	315	339
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	30	36	63

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	96	171	217
3010	New obligations, unexpired accounts	345	279	276
3020	Outlays (gross)	–265	–228	–258
3040	Recoveries of prior year unpaid obligations, unexpired	–2	–3	–3
3041	Recoveries of prior year unpaid obligations, expired	–3	–2	–2

3050	Unpaid obligations, end of year	171	217	230
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	96	171	217
3200	Obligated balance, end of year	171	217	230

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	240	180	300
	Outlays, gross:
4010	Outlays from new discretionary authority	103	99	165
4011	Outlays from discretionary balances	162	129	93

4020	Outlays, gross (total)	265	228	258
4180	Budget authority, net (total)	240	180	300
4190	Outlays, net (total)	265	228	258

This appropriation provides resources for the planning and capital asset acquisition of information technology to modernize key tax administration systems. Since 2012, the IRS has processed individual taxpayer returns on a daily processing cycle that has enhanced IRS tax administration and improved customer service by allowing faster refunds for more taxpayers, more timely account updates, and faster issuance of taxpayer notices. This account provides funding to support: the Customer Account Data Engine (CADE2); the taxpayer's online experience and secure digital communications and capabilities; and fraud detection, resolution, and prevention through the Return Review Program. The Budget includes funding for a multi-year plan to transform the taxpayer experience and modernize the core tax processing systems while enhancing information technology and taxpayer protections.


Identification code 020–0921–0–1–803		2019 actual	2020 est.	2021 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	60	58	66
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	61	59	67
12.1	Civilian personnel benefits	18	17	21
21.0	Travel and transportation of persons	1	1	1
25.1	Advisory and assistance services	251	186	154
25.7	Operation and maintenance of equipment	1	1	2
31.0	Equipment	13	15	31

99.0	Direct obligations	345	279	276

99.9	Total new obligations, unexpired accounts	345	279	276


Identification code 020–0921–0–1–803		2019 actual	2020 est.	2021 est.

1001	Direct civilian full-time equivalent employment	460	426	517


Identification code 020–0935–0–1–806		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Build America Bond Payments, Recovery Act (Direct)	3,356	3,356	3,566

0900	Total new obligations, unexpired accounts (object class 41.0)	3,356	3,356	3,566

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	3,578	3,566	3,566
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–222	–210

1260	Appropriations, mandatory (total)	3,356	3,356	3,566
1930	Total budgetary resources available	3,356	3,356	3,566

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	3,356	3,356	3,566
3020	Outlays (gross)	–3,356	–3,356	–3,566

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	3,356	3,356	3,566
	Outlays, gross:
4100	Outlays from new mandatory authority	3,356	3,356	3,566
4180	Budget authority, net (total)	3,356	3,356	3,566
4190	Outlays, net (total)	3,356	3,356	3,566

The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1531, allows state and local governments to issue Build America Bonds through December 31, 2010. These tax credit bonds, which include Recovery Zone Bonds, differ from tax-exempt governmental obligation bonds in two principal ways: 1) interest paid on tax credit bonds is taxable; and 2) a portion of the interest paid on tax credit bonds takes the form of a Federal tax credit. The bond issuer may elect to receive a direct payment in the amount of the tax credit for obligations issued before January 1, 2011. This account reflects the continuing interest payments over time.


Identification code 020–0906–0–1–609		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payment Where Earned Income Credit Exceeds Liability for Tax (Direct)	59,209	60,258	63,651

0900	Total new obligations, unexpired accounts (object class 41.0)	59,209	60,258	63,651

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	59,209	60,258	63,651
1930	Total budgetary resources available	59,209	60,258	63,651

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	59,209	60,258	63,651
3020	Outlays (gross)	–59,209	–60,258	–63,651

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	59,209	60,258	63,651
	Outlays, gross:
4100	Outlays from new mandatory authority	59,209	60,258	63,651
4180	Budget authority, net (total)	59,209	60,258	63,651
4190	Outlays, net (total)	59,209	60,258	63,651


		2019 actual	2020 est.	2021 est.

Enacted/requested:
	Budget Authority	59,209	60,258	63,651
	Outlays	59,209	60,258	63,651
Legislative proposal, subject to PAYGO:
	Budget Authority			–345
	Outlays			–345
Total:
	Budget Authority	59,209	60,258	63,306
	Outlays	59,209	60,258	63,306

The Earned Income Tax Credit (EITC) was enacted by the Tax Reduction Act of 1975 (Public Law 94–12) and made permanent by the Revenue Adjustment Act of 1978 (Public Law 95–600). The credit was subsequently modified by Public Laws 99–514, 101–508, 103–66, 107–16, 111–5, 111–312, 112–240, and 114–113. The amount of EITC a taxpayer may receive depends on the number of qualifying children the taxpayer has. The amount of EITC a taxpayer may receive initially increases as the taxpayer earns more income, then remains constant over a range of earned income, and then decreases as earned income increases further. The credit phases out based on the greater of (1) earned income and (2) adjusted gross income. As provided by law, there are instances where the EITC exceeds the amount of tax liability owed through the individual income tax system, resulting in an additional payment to the taxpayer.


Identification code 020–0906–4–1–609		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payment Where Earned Income Credit Exceeds Liability for Tax (Direct)			–345

0900	Total new obligations, unexpired accounts (object class 41.0)			–345

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–345
1930	Total budgetary resources available			–345

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			–345
3020	Outlays (gross)			345

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–345
	Outlays, gross:
4100	Outlays from new mandatory authority			–345
4180	Budget authority, net (total)			–345
4190	Outlays, net (total)			–345

The Budget includes several proposals that impact the Earned Income Tax Credit. Proposals include: require a Social Security number valid for work in order to qualify for the credit; provide the Internal Revenue Service (IRS) with greater flexibility to address correctable errors; improve clarity in worker classification and information reporting requirements; provide explicit authority for the IRS to oversee paid tax return preparers; and reform medical liability.


Identification code 020–0922–0–1–609		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payment Where Child Tax Credit Exceeds Liability for Tax (Direct)	28,898	29,615	29,477

0900	Total new obligations, unexpired accounts (object class 41.0)	28,898	29,615	29,477

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	28,898	29,615	29,477
1930	Total budgetary resources available	28,898	29,615	29,477

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	28,898	29,615	29,477
3020	Outlays (gross)	–28,898	–29,615	–29,477

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	28,898	29,615	29,477
	Outlays, gross:
4100	Outlays from new mandatory authority	28,898	29,615	29,477
4180	Budget authority, net (total)	28,898	29,615	29,477
4190	Outlays, net (total)	28,898	29,615	29,477


		2019 actual	2020 est.	2021 est.

Enacted/requested:
	Budget Authority	28,898	29,615	29,477
	Outlays	28,898	29,615	29,477
Legislative proposal, subject to PAYGO:
	Budget Authority			–135
	Outlays			–135
Total:
	Budget Authority	28,898	29,615	29,342
	Outlays	28,898	29,615	29,342

The Child Tax Credit (CTC) was enacted by the Taxpayer Relief Act of 1997 (P.L. 105–34). The CTC was subsequently modified by Public Laws 107–16, 111–5, 111–312, 112–240, and 114–113. The Tax Cuts and Jobs Act (TCJA, P.L. 115–97) increased the credit to $2,000 per qualifying dependent child under age 17 for tax years 2018–2025. The CTC phases out for higher income taxpayers. Taxpayers with insufficient tax liability to claim the entire CTC may receive up to $1,400 in a refundable credit, known as the Additional Child Tax Credit (ACTC). TCJA also provided that, in order to receive the CTC and/or ACTC, a taxpayer must include a Social Security Number for each qualifying child for whom the credit is claimed on the tax return.


Identification code 020–0922–4–1–609		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payment Where Child Tax Credit Exceeds Liability for Tax (Direct)			–135

0900	Total new obligations, unexpired accounts (object class 41.0)			–135

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–135
1930	Total budgetary resources available			–135

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			–135
3020	Outlays (gross)			135

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–135
	Outlays, gross:
4100	Outlays from new mandatory authority			–135
4180	Budget authority, net (total)			–135
4190	Outlays, net (total)			–135

The Budget includes several proposals that impact the Child Tax Credit. Proposals include: require a Social Security number valid for work in order to qualify for the credit; provide the Internal Revenue Service (IRS) with greater flexibility to address correctable errors; improve clarity in worker classification and information reporting requirements; provide explicit authority for the IRS to oversee paid tax return preparers; and reform medical liability.


Identification code 020–0923–0–1–551		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payment Where Health Coverage Tax Credit Exceeds Liability for T (Direct)	24	29	7

0900	Total new obligations, unexpired accounts (object class 41.0)	24	29	7

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	24	29	7
1930	Total budgetary resources available	24	29	7

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	24	29	7
3020	Outlays (gross)	–24	–29	–7

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	24	29	7
	Outlays, gross:
4100	Outlays from new mandatory authority	24	29	7
4180	Budget authority, net (total)	24	29	7
4190	Outlays, net (total)	24	29	7

The Health Coverage Tax Credit (HCTC) is a refundable tax credit that pays 72.5% of qualified health insurance premiums for eligible individuals and their families (as provided in IRC 35(a)). Those eligible include certain recipients of Trade Adjustment Assistance (TAA) and beneficiaries of the Pension Benefit Guaranty Corporation who are aged 55 through 64. Individuals cannot claim both HCTC and a premium tax credit for the same coverage. The credit can be paid in advance. The HCTC was created in the Trade Act of 2002 (P.L. 107–210), subsequently extended, temporarily eliminated in 2014 (P.L. 112–40, section 241), then later reinstated through December 31, 2019 (P.L. 114–27, section 407). The Further Consolidated Appropriations Act, 2020 (P.L. 116–94, section 146) extended the credit through December 31, 2020.


Identification code 020–0951–0–1–551		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payment Where Small Business Health Insurance Tax Credit Exceeds (Direct)	1	1	1

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

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

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

3050	Unpaid obligations, end of year	2	2	2
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	1	2	2
3200	Obligated balance, end of year	2	2	2

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

The Patient Protection and Affordable Care Act of 2010 (P.L. 111–148), section 1421, allows certain small employers (including small tax-exempt employers) to claim a credit when they pay at least half of the health care premiums for single health insurance coverage for their employees. Small employers can claim the credit for 2010 through 2013 and after that for the first two consecutive years of having coverage purchased through the small business health options program. Generally, employers that have fewer than 25 full-time equivalent employees and pay wages averaging less than $50,000 per employee per year may qualify for the credit.

This account includes state innovation waiver pass-through payments in lieu of the Small Business Health Insurance Tax Credit to qualifying states under section 1332(a)(3) of the PPACA.


Identification code 020–0931–0–1–376		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payment Where Certain Tax Credits Exceed Liability for Corporate (Direct)	1,062	226
0002	Credit for Prior Year Minimum Tax Liability of Corporations	7,170	6,459	3,288

0900	Total new obligations, unexpired accounts (object class 41.0)	8,232	6,685	3,288

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	8,302	6,685	3,288
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–70

1260	Appropriations, mandatory (total)	8,232	6,685	3,288
1930	Total budgetary resources available	8,232	6,685	3,288

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	8,232	6,685	3,288
3020	Outlays (gross)	–8,232	–6,685	–3,288

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	8,232	6,685	3,288
	Outlays, gross:
4100	Outlays from new mandatory authority	8,232	6,685	3,288
4180	Budget authority, net (total)	8,232	6,685	3,288
4190	Outlays, net (total)	8,232	6,685	3,288

This account shows the outlays for the provision that allows certain businesses to accelerate the recognition of a portion of certain other credits in lieu of taking bonus depreciation. The Housing and Economic Recovery Act of 2008 (P.L. 110–289), section 3081, allowed certain businesses to accelerate the recognition of a portion of their unused pre-2006 alternative minimum tax (AMT) or research and development (R&D) credits in lieu of taking bonus depreciation. The maximum increase amount is capped at the lesser of $30 million or 6 percent of eligible AMT and R&D credits. The accelerated credit amount is refundable. The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1201(b), extended this temporary benefit through 2009. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 401(c), extended this temporary benefit through the end of 2012, but only with respect to AMT credits. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 331(c), extended this temporary benefit through 2013 only with respect to AMT credits. The Tax Increase Prevention Act, Title I—Certain Expiring Provisions (P.L. 113–295), section 125(c), extended this temporary benefit through 2014 only with respect to AMT credits. The Protecting Americans from Tax Hikes (PATH) Act of 2015 (P.L. 114–113), extended this provision through 2015. The PATH Act also extended and modified this provision for 2016 through 2019.

The Tax Cuts and Jobs Act (P.L. 115–97) (TCJA) repealed the corporate alternative minimum tax. To conform to this repeal, the election to accelerate AMT credits in lieu of taking bonus depreciation was repealed, effective for property placed in service after September 27, 2017. P.L. 115–97 allows prior year AMT credits to offset regular tax liability for any taxable year. In addition, AMT credits are refundable for any taxable year beginning after 2017 and before 2022 in an amount equal to 50 percent (100 percent in the case of taxable years beginning in 2021) of the excess of the minimum tax credit for the taxable year over the amount of the credit allowable for the year against regular tax liability. The refundable corporate minimum tax credit claimed under sections 53 and 168(k)(4) of title 26, U.S. Code as in effect for taxable years beginning before Jan. 1, 2018, is not direct spending under the Balanced Budget and Deficit Control Act, as amended, and thus is not subject to sequestration.


Identification code 020–0932–0–1–502		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payment Where American Opportunity Credit Exceeds Liability for (Direct)	2,881	3,855	3,853

0900	Total new obligations, unexpired accounts (object class 41.0)	2,881	3,855	3,853

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2,881	3,855	3,853
1930	Total budgetary resources available	2,881	3,855	3,853

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	2,881	3,855	3,853
3020	Outlays (gross)	–2,881	–3,855	–3,853

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	2,881	3,855	3,853
	Outlays, gross:
4100	Outlays from new mandatory authority	2,881	3,855	3,853
4180	Budget authority, net (total)	2,881	3,855	3,853
4190	Outlays, net (total)	2,881	3,855	3,853


		2019 actual	2020 est.	2021 est.

Enacted/requested:
	Budget Authority	2,881	3,855	3,853
	Outlays	2,881	3,855	3,853
Legislative proposal, subject to PAYGO:
	Budget Authority			–135
	Outlays			–135
Total:
	Budget Authority	2,881	3,855	3,718
	Outlays	2,881	3,855	3,718

The American Opportunity Tax Credit (AOTC) was enacted by the American Recovery and Reinvestment Act of 2009 (Public Law 111–5), was extended temporarily by Public Laws 111–312 and 112–240, and was made permanent by Public Law 114–113. A taxpayer may claim an AOTC of 100 percent of the first $2,000 of qualified tuition, fees, and course materials paid by the taxpayer for each eligible student or dependent and 25 percent of the next $2,000 of these qualifying expenses. Up to 40 percent of the otherwise eligible credit is refundable. The AOTC may be claimed only for the first four years of post-secondary education per student. The AOTC phases out for higher income taxpayers as the taxpayers income increases. As provided by law, there are instances where a taxpayer is entitled to a payment because the AOTC to which the taxpayer is entitled exceeds the amount of tax liability owed through the individual income tax system.


Identification code 020–0932–4–1–502		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payment Where American Opportunity Credit Exceeds Liability for (Direct)			–135

0900	Total new obligations, unexpired accounts (object class 41.0)			–135

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–135
1930	Total budgetary resources available			–135

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			–135
3020	Outlays (gross)			135

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–135
	Outlays, gross:
4100	Outlays from new mandatory authority			–135
4180	Budget authority, net (total)			–135
4190	Outlays, net (total)			–135

The Budget includes a proposal to provide the Internal Revenue Service (IRS) with greater flexibility to address correctable errors on tax returns.


Identification code 020–0948–0–1–272		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payment to Issuer of Qualified Energy Conservation Bonds (Direct)	40	40	43

0900	Total new obligations, unexpired accounts (object class 41.0)	40	40	43

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	43	43	43
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–3	–3

1260	Appropriations, mandatory (total)	40	40	43
1930	Total budgetary resources available	40	40	43

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	40	40	43
3020	Outlays (gross)	–40	–40	–43

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	40	40	43
	Outlays, gross:
4100	Outlays from new mandatory authority	40	40	43
4180	Budget authority, net (total)	40	40	43
4190	Outlays, net (total)	40	40	43

The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), section 301, created Qualified Energy Conservation Bonds; and the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1112, increased the limitation on issuance of qualified energy conservation bonds from $800 million to $3.2 billion.

The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by allowing issuers of Qualified Energy Conservation Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.


Identification code 020–0947–0–1–271		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payment to Issuer of New Clean Renewable Energy Bonds (Direct)	48	48	51

0900	Total new obligations, unexpired accounts (object class 41.0)	48	48	51

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	51	51	51
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–3	–3

1260	Appropriations, mandatory (total)	48	48	51
1930	Total budgetary resources available	48	48	51

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	48	48	51
3020	Outlays (gross)	–48	–48	–51

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	48	48	51
	Outlays, gross:
4100	Outlays from new mandatory authority	48	48	51
4180	Budget authority, net (total)	48	48	51
4190	Outlays, net (total)	48	48	51

The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), section 107, created New Clean Renewable Energy Bonds, and the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1111, increased the limitation on issuance of New Clean Renewable Energy Bonds to a total limitation of $2.4 billion.

The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of New Clean Renewable Energy Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.


Identification code 020–0946–0–1–501		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payment to Issuer of Qualified School Construction Bonds (Direct)	650	650	691

0900	Total new obligations, unexpired accounts (object class 41.0)	650	650	691

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	693	691	691
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–43	–41

1260	Appropriations, mandatory (total)	650	650	691
1930	Total budgetary resources available	650	650	691

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	650	650	691
3020	Outlays (gross)	–650	–650	–691

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	650	650	691
	Outlays, gross:
4100	Outlays from new mandatory authority	650	650	691
4180	Budget authority, net (total)	650	650	691
4190	Outlays, net (total)	650	650	691

The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1521, created Qualified School Construction Bonds with a calendar year limitation of $11 billion for 2009 and 2010, and zero after 2010.

The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of Qualified School Construction Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.


Identification code 020–0945–0–1–501		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payment to Issuer of Qualified Zone Academy Bonds (Direct)	43	43	46

0900	Total new obligations, unexpired accounts (object class 41.0)	43	43	46

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	46	46	46
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–3	–3

1260	Appropriations, mandatory (total)	43	43	46
1930	Total budgetary resources available	43	43	46

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	43	43	46
3020	Outlays (gross)	–43	–43	–46

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	43	43	46
	Outlays, gross:
4100	Outlays from new mandatory authority	43	43	46
4180	Budget authority, net (total)	43	43	46
4190	Outlays, net (total)	43	43	46

The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1522, extended and expanded the calendar year limitation for Qualified Zone Academy Bonds to $1.4 billion for 2009 and 2010. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 758, extended the Qualified Zone Academy Bonds for 2011 and reduced the calendar year limitation to $400 million. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 310, extended the calendar year limitation of $400 million through tax year 2013 (a two-year extension). The Tax Increase Prevention Act, Title I—Certain Expiring Provisions (P.L. 113–295), section 120, extended the calendar year limitation of $400 million through tax year 2014 (a one-year extension). The Protecting Americans from Tax Hikes Act of 2015 (P.L. 114–113), extended the calendar year limitation of $400 million through tax year 2016 (a two-year extension).

The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amends section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of Qualified Zone Academy Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (P.L. 111–312) amended section 6431(f)(3)(A)(iii) to provide that direct pay treatment for Qualified Zone Academy Bonds is not available for Qualified Zone Academy Bond allocations from the 2011 national limitation or any carry forward of the 2011 allocation.


Identification code 020–0159–0–1–609		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Payments to Puerto Rico	200

0900	Total new obligations, unexpired accounts (object class 41.0)	200

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	200
1930	Total budgetary resources available	200

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	200
3020	Outlays (gross)	–200

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	200
	Outlays, gross:
4100	Outlays from new mandatory authority	200
4180	Budget authority, net (total)	200
4190	Outlays, net (total)	200

The Disaster Tax Relief and Airport and Airway Extension Act of 2017 (P.L. 115–63) amended the Internal Revenue Code to allow various tax credits, deductions, and modifications to existing rules for individuals and businesses affected by Hurricanes Harvey, Irma, and Maria. Section 504(d) provided that the Department of the Treasury pay: (1) to the U.S. Virgin Islands amounts equal to the loss in revenues to the U.S. Virgin Islands by reason of the provisions of this title, and (2) to the Commonwealth of Puerto Rico amounts equal to the aggregate benefits that would have been provided to residents of Puerto Rico by reason of the provisions of this title if a mirror code tax system had been in effect in Puerto Rico. Activity to date reflects payments to the Commonwealth of Puerto Rico pursuant to the Employee Retention Tax Credit Implementation Plan approved by the Department of the Treasury.


Identification code 020–0904–0–1–908		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Refunding Internal Revenue Collections, Interest (Direct)	2,042	1,321	1,464

0900	Total new obligations, unexpired accounts (object class 43.0)	2,042	1,321	1,464

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2,042	1,321	1,464
1930	Total budgetary resources available	2,042	1,321	1,464

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	2,042	1,321	1,464
3020	Outlays (gross)	–2,042	–1,321	–1,464

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	2,042	1,321	1,464
	Outlays, gross:
4100	Outlays from new mandatory authority	2,042	1,321	1,464
4180	Budget authority, net (total)	2,042	1,321	1,464
4190	Outlays, net (total)	2,042	1,321	1,464

Under certain circumstances, as provided in 26 U.S.C. 6611, interest is paid on Internal Revenue collections that must be refunded. The Tax Equity and Fiscal Responsibility Act of 1982 (P.L. 97–248) provides for daily compounding of interest. Under the Tax Reform Act of 1986 (P.L. 99–514), interest paid on Internal Revenue collections will equal the Federal short-term rate plus three percentage points (two percentage points in the case of a corporation), with such rate to be adjusted quarterly.


Identification code 020–0949–0–1–551		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Premium assistance tax credit	53,142	41,529	35,537
0003	Basic Health Program	5,097	4,487	3,725
0004	State Innovation Waivers	939	1,584	1,138

0900	Total new obligations, unexpired accounts (object class 41.0)	59,178	47,600	40,400

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1		1	1
1021	Recoveries of prior year unpaid obligations	1
1033	Recoveries of prior year paid obligations	9,860
1037	Unobligated balance of appropriations withdrawn	–9,860

1050	Unobligated balance (total)	1	1	1
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	59,178	47,600	40,400
1900	Budget authority (total)	59,178	47,600	40,400
1930	Total budgetary resources available	59,179	47,601	40,401
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1	1	1

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	218	952
3010	New obligations, unexpired accounts	59,178	47,600	40,400
3020	Outlays (gross)	–58,443	–48,552	–40,400
3040	Recoveries of prior year unpaid obligations, unexpired	–1

3050	Unpaid obligations, end of year	952
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	218	952
3200	Obligated balance, end of year	952

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	59,178	47,600	40,400
	Outlays, gross:
4100	Outlays from new mandatory authority	58,280	47,600	40,400
4101	Outlays from mandatory balances	163	952

4110	Outlays, gross (total)	58,443	48,552	40,400
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–9,860
	Additional offsets against gross budget authority only:
4143	Recoveries of prior year paid obligations, unexpired accounts	9,860

4160	Budget authority, net (mandatory)	59,178	47,600	40,400
4170	Outlays, net (mandatory)	48,583	48,552	40,400
4180	Budget authority, net (total)	59,178	47,600	40,400
4190	Outlays, net (total)	48,583	48,552	40,400

The Patient Protection and Affordable Care Act (PPACA) of 2010 (P.L. 111–148) established the Refundable Premium Tax Credit. This credit is an advanceable, refundable tax credit designed to help eligible individuals and families with low or moderate income afford health insurance purchased through a Health Insurance Exchange, beginning in 2014. The credit can be paid in advance to the taxpayer's insurance company to lower the monthly premiums, or it can be claimed when a taxpayer files their income tax return for the year. If the credit is paid in advance, the taxpayer must reconcile the advance credit payments with the actual credit computed on the tax return, subject to certain caps.

This account includes state innovation waiver pass-through payments in lieu of the Premium Tax Credit to qualifying states under section 1332(a)(3) of the PPACA, as well as payments to states under the Basic Health Program established under section 1331 of PPACA.


Identification code 020–5432–0–2–803		2019 actual	2020 est.	2021 est.

0100	Balance, start of year
	Receipts:
	Current law:
1110	Enrolled Agent Fee Increase, IRS Miscellaneous Retained Fees	8	9	8
1130	New Installment Agreements, IRS Miscellaneous Retained Fees	186	181	179
1130	Restructured Installment Agreements, IRS Miscellaneous Retained Fees	78	76	72
1130	General User Fees, IRS Miscellaneous Retained Fees	115	122	125
1130	Photocopying and Historical Conservation Easement Fees, IRS Miscellaneous Retained Fees	5	4	3

1199	Total current law receipts	392	392	387

1999	Total receipts	392	392	387

2000	Total: Balances and receipts	392	392	387
	Appropriations:
	Current law:
2101	IRS Miscellaneous Retained Fees	–392	–392	–387

5099	Balance, end of year


Identification code 020–5432–0–2–803		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	IRS Miscellaneous Retained Fees (Direct)	5	4	4

0900	Total new obligations, unexpired accounts (object class 44.0)	5	4	4

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	513	587	445
1010	Unobligated balance transfer to other accts [020–0919]	–218	–410	–63
1010	Unobligated balance transfer to other accts [020–0912]	–6	–4	–100
1010	Unobligated balance transfer to other accts [020–0921]		–102
1011	Unobligated balance transfer from other acct [020–0921]	1

1050	Unobligated balance (total)	290	71	282
	Budget authority:
	Appropriations, discretionary:
1120	Appropriations transferred to other accts [020–0919]		–14	–387
1120	Appropriations transferred to other accts [020–0921]	–90

1160	Appropriation, discretionary (total)	–90	–14	–387
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	392	392	387
1900	Budget authority (total)	302	378
1930	Total budgetary resources available	592	449	282
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	587	445	278

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

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	–90	–14	–387
	Mandatory:
4090	Budget authority, gross	392	392	387
	Outlays, gross:
4101	Outlays from mandatory balances	5	4	4
4180	Budget authority, net (total)	302	378
4190	Outlays, net (total)	5	4	4

As provided by law (26 U.S.C. 7801), the Secretary of the Treasury may establish new fees or raise existing fees for services provided by the IRS to recover the value of the service provided, where such fees are authorized by another law, and may spend the new or increased fee receipts to supplement appropriations made available to the IRS appropriations accounts. Funds in this account are transferred to other IRS appropriations accounts for expenditure.


Identification code 020–5080–0–2–808		2019 actual	2020 est.	2021 est.

0100	Balance, start of year			2
	Receipts:
	Current law:
1130	Gifts to the United States for Reduction of the Public Debt	5	5	5

2000	Total: Balances and receipts	5	5	7
	Appropriations:
	Current law:
2101	Gifts to the United States for Reduction of the Public Debt	–5	–3	–3

5099	Balance, end of year		2	4


Identification code 020–5080–0–2–808		2019 actual	2020 est.	2021 est.

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	5	3	3
1236	Appropriations applied to repay debt	–5	–3	–3
4180	Budget authority, net (total)
4190	Outlays, net (total)

As provided by law (31 U.S.C. 3113), the Secretary of the Treasury is authorized to accept conditional gifts to the United States for the purpose of reducing the public debt.


Identification code 020–5510–0–2–803		2019 actual	2020 est.	2021 est.

0100	Balance, start of year	2	6	10
	Receipts:
	Current law:
1110	Private Collection Agent Program	97	162	162

2000	Total: Balances and receipts	99	168	172
	Appropriations:
	Current law:
2101	Private Collection Agent Program	–97	–162	–162
2103	Private Collection Agent Program	–2	–6	–10
2132	Private Collection Agent Program	6	10

2199	Total current law appropriations	–93	–158	–172

2999	Total appropriations	–93	–158	–172

5099	Balance, end of year	6	10


Identification code 020–5510–0–2–803		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0002	Payments to Private Collection Agencies	39	64	64
0003	Special Compliance Personnel Program	24	37	53

0900	Total new obligations, unexpired accounts	63	101	117

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	17	47	104
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	97	162	162
1203	Appropriation (previously unavailable)(special or trust)	2	6	10
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–6	–10

1260	Appropriations, mandatory (total)	93	158	172
1930	Total budgetary resources available	110	205	276
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	47	104	159

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	3	8	25
3010	New obligations, unexpired accounts	63	101	117
3020	Outlays (gross)	–58	–84	–118

3050	Unpaid obligations, end of year	8	25	24
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	3	8	25
3200	Obligated balance, end of year	8	25	24

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	93	158	172
	Outlays, gross:
4100	Outlays from new mandatory authority	55	55	81
4101	Outlays from mandatory balances	3	29	37

4110	Outlays, gross (total)	58	84	118
4180	Budget authority, net (total)	93	158	172
4190	Outlays, net (total)	58	84	118

This account reflects the funds that the IRS is allowed to retain and expend for qualified tax collection contracts with private collection agents and the special compliance personnel program. The American Jobs Creation Act of 2004 (P.L. 108–357) allowed the IRS to use private collection contractors to supplement its own collection staff efforts to ensure that all taxpayers pay what they owe. The statute authorized the Treasury to retain and use an amount not in excess of 25 percent of the amount collected under any qualified tax collection contract for payments to private collection agents, and an amount not in excess of 25 percent of the amount collected for enforcement activities of the IRS (26 USC 6306). The IRS used this authority to contract with several private debt collection agencies starting in 2006. In March 2009, the IRS allowed its private debt collection contracts to expire, thereby administratively terminating the program in accordance with Omnibus Appropriations Act, 2009 Administrative Provisions - Internal Revenue Service, Section 106 (P.L. 111–8). This provision stated that none of the funds made available in this Act maybe used to enter into, renew, extend, administer, implement, enforce, or provide oversight of any qualified tax collection contract as defined in section 6306 of the Internal Revenue Code of 1986.

Section 32102(a) of the Fixing America's Surface Transportation Act of 2015 (P.L. 114–94), amended section 6306 of the Internal Revenue Code (IRC) and requires the Secretary of the Treasury to enter into one or more qualified tax collection contracts for the collection of all outstanding inactive tax receivables. These agreements are applicable to tax receivables as identified by the Secretary after December 4, 2015. Section 6306 of the IRC prohibits the payment of fees for all services in excess of 25 percent of the amount collected under a tax collection contract for payments to private collection agents. In addition, up to 25 percent of the amount collected may be used to fund the special compliance personnel program account under section 6307.

Inactive tax receivables, as redefined by the Taxpayer First Act (P.L. 116–25), are defined as any tax receivable: 1) removed from the active inventory for lack of resources or inability to locate the taxpayer; 2) for which more than two years has passed since assessment and no IRS employee has been assigned to collect the receivable; or 3) for which a receivable has been assigned for collection but more than 365 days have passed without interaction with the taxpayer or a third party for purposes of furthering the collection. Tax receivables are defined as any outstanding assessment that the IRS includes in potentially collectible inventory. The Taxpayer First Act also made certain receivables of individual taxpayers ineligible for collection, including taxpayers whose income subtantially consists of disability insurance benefits or supplemental security income benefits or whose adjusted gross income does not exceed 200 percent of the applicable federal poverty level.


Identification code 020–5510–0–2–803		2019 actual	2020 est.	2021 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	8	14	20
11.5	Other personnel compensation		1	1

11.9	Total personnel compensation	8	15	21
12.1	Civilian personnel benefits	3	5	8
23.1	Rental payments to GSA	10	13	18
25.1	Advisory and assistance services	42	67	69
31.0	Equipment		1	1

99.0	Direct obligations	63	101	117

99.9	Total new obligations, unexpired accounts	63	101	117


Identification code 020–5510–0–2–803		2019 actual	2020 est.	2021 est.

1001	Direct civilian full-time equivalent employment	111	208	308


Identification code 020–5433–0–2–803		2019 actual	2020 est.	2021 est.

0100	Balance, start of year
	Receipts:
	Current law:
1140	Underpayment and Fraud Collection	88	125	125

2000	Total: Balances and receipts	88	125	125
	Appropriations:
	Current law:
2101	Informant Payments	–88	–125	–125

5099	Balance, end of year


Identification code 020–5433–0–2–803		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Informant Payments	88	118	125

0900	Total new obligations, unexpired accounts (object class 91.0)	88	118	125

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	88	125	125
1230	Appropriations and/or unobligated balance of appropriations permanently reduced		–7

1260	Appropriations, mandatory (total)	88	118	125
1930	Total budgetary resources available	88	118	125

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	88	118	125
3020	Outlays (gross)	–88	–118	–125

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	88	118	125
	Outlays, gross:
4100	Outlays from new mandatory authority	88	118	125
4180	Budget authority, net (total)	88	118	125
4190	Outlays, net (total)	88	118	125

As provided by law (26 U.S.C. 7623), the Secretary of the Treasury may make payments to individuals who provide information that leads to the collection of Internal Revenue taxes. The Taxpayer Bill of Rights of 1996 (P.L. 104–168) provides for payments of such sums to individuals from the proceeds of amounts collected by reason of the information provided, and any amount collected shall be available for such payments. This information must lead to the detection of underpayments of taxes, or detection and bringing to trial and punishment of persons guilty of violating the Internal Revenue laws. This provision was further amended by the Tax Relief and Health Care Act of 2006 (P.L. 109–432) to provide for mandatory payments in certain circumstances and to encourage use of the program. A reward payment typically ranges between 15 and 30 percent of the collected proceeds for cases where the amount of collected proceeds exceeds $2 million. Lower payments are allowed in certain circumstances, including cases in which information is provided that was already available from another source. Section 41108 of the Bipartisan Budget Act of 2018 (P.L. 115–123) expanded the definition of proceeds to include proceeds arising from the laws for which the Internal Revenue Service is authorized to administer, enforce or investigate. Section 41108 further provides that the expanded definition of proceeds shall be used to determine eligibility for a mandatory award under section 7623(b)(5) and states that the amount of proceeds are to be determined without regard to whether such proceeds are available to the Secretary.


Identification code 020–4413–0–3–803		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0801	Federal Tax Lien Revolving Fund (Reimbursable)	7	2	2

0900	Total new obligations, unexpired accounts (object class 32.0)	7	2	2

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	7	7	7
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	7	2	2
1930	Total budgetary resources available	14	9	9
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	7	7	7

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	7	2	2
3020	Outlays (gross)	–7	–2	–2

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	7	2	2
	Outlays, gross:
4101	Outlays from mandatory balances	7	2	2
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–7	–2	–2
4180	Budget authority, net (total)
4190	Outlays, net (total)

This revolving fund was established pursuant to section 112(a) of the Federal Tax Lien Act of 1966, to serve as the source of financing the redemption of real property by the United States. During the process of collecting unpaid taxes, the Government may place a tax lien on real estate in order to protect the Government's interest and this account provides the resources to administer the program.

The Internal Revenue Service Restructuring and Reform Act of 1998 (Section 7802(d) 26 U.S.C.) directs the IRS Oversight Board to provide an annual budget request for the IRS. The Oversight Board's request shall be submitted to the President by the Secretary without revision, and the President shall submit the request, without revision, to Congress together with the President's Budget request for the IRS. The Board did not make a recommendation for 2021 as it currently lacks a quorum. The Board will reconvene once it has enough Senate-confirmed members to make a quorum.

(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.

The Budget reflects the transfer of the United States Secret Service from the Department of Homeland Security to the Department of the Treasury. The functions, personnel, assets, and obligations of the Secret Service, including the functions of the Secretary of Homeland Security related to the Secret Service, will transfer to the Department of the Treasury. The Secret Service will be maintained as a distinct entity within the Department of the Treasury. For additional information on the transfer proposal, please consult the Department of the Treasury chapter of the Main Budget Volume.

Federal Funds

Contingent upon enactment of authorizing legislation to transfer the United States Secret Service to the Department of the Treasury, for necessary expenses of the United States Secret Service for operations and support, including purchase of not to exceed 652 vehicles for police-type use for replacement only; hire of passenger motor vehicles; purchase of motorcycles made in the United States; hire of aircraft; rental of buildings in the District of Columbia; fencing, lighting, guard booths, and other facilities on private or other property not in Government ownership or control, as may be necessary to perform protective functions; conduct of and participation in firearms matches; presentation of awards; conduct of behavioral research in support of protective intelligence and operations; payment in advance for commercial accommodations as may be necessary to perform protective functions; and payment, without regard to section 5702 of title 5, United States Code, of subsistence expenses of employees who are on protective missions, whether at or away from their duty stations; $2,310,296,000; of which $41,807,000 shall remain available until September 30, 2022; of which not to exceed $100,000 shall be to provide technical assistance and equipment to foreign law enforcement organizations in criminal investigations within the jurisdiction of the United States Secret Service; and of which $6,000,000 shall be for a grant for activities related to investigations of missing and exploited children: Provided, That not to exceed $19,125 shall be for official reception and representation expenses: Provided further, That funding may be used for calendar year 2020 premium pay in excess of the annual equivalent of the limitation on the rate of pay contained in section 5547(a) of title 5, United States Code, pursuant to section 2 of the Overtime Pay for Protective Services Act of 2016 (5 U.S.C. 5547 note), as amended by Public Law 115–383.


Identification code 020–0400–2–1–751		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0013	CAS - Mission Support			506
0014	CAS - Protective Operations			999
0015	CAS - Field Operations			689
0016	CAS - Basic and In-Service Training and Professional Development			116

0799	Total direct obligations			2,310
0801	Operating Expenses (Reimbursable)			27

0900	Total new obligations, unexpired accounts			2,337

	Budgetary resources:
	Unobligated balance:
1011	Unobligated balance transfer from other acct [070–0400]			51
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation			2,310
	Spending authority from offsetting collections, discretionary:
1700	Collected			18
1900	Budget authority (total)			2,328
1930	Total budgetary resources available			2,379
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year			42

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			2,337
3020	Outlays (gross)			–2,428
3031	Unpaid obligations transferred from other accts [070–0400]			595

3050	Unpaid obligations, end of year			504
	Uncollected payments:
3081	Uncollected pymts from Fed sources transferred from other accounts			–53

3090	Uncollected pymts, Fed sources, end of year			–53
	Memorandum (non-add) entries:
3200	Obligated balance, end of year			451

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross			2,328
	Outlays, gross:
4010	Outlays from new discretionary authority			1,834
4011	Outlays from discretionary balances			594

4020	Outlays, gross (total)			2,428
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources			–18

4040	Offsets against gross budget authority and outlays (total)			–18
4180	Budget authority, net (total)			2,310
4190	Outlays, net (total)			2,410

The United States Secret Service has statutory authority to carry out two primary missions: protection of the Nation's leaders and investigation of financial and electronic crimes. The Secret Service protects and investigates threats against the President and Vice President, their families, visiting heads of state and government, and other individuals as directed by the President; protects the White House Complex, Vice President's Residence, foreign missions, and other buildings within Washington, D.C.; and manages the security at designated National Special Security Events. The Secret Service also investigates violations of laws relating to counterfeiting of obligations and securities of the United States; financial crimes that include, but are not limited to, access device fraud, financial institution fraud, identity theft, and computer fraud; and computer-based attacks on financial, banking, telecommunications, and other critical infrastructure. Within Secret Service, the Operations and Support appropriation funds necessary operations, mission support, and associated management and administration costs. The budget for Operations and Support includes resources to effectuate the transfer of the Secret Service to the Department of the Treasury, contingent upon enactment of authorizing legislation.


Identification code 020–0400–2–1–751		2019 actual	2020 est.	2021 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent			817
11.3	Other than full-time permanent			14
11.5	Other personnel compensation			229

11.9	Total personnel compensation			1,060
12.1	Civilian personnel benefits			496
21.0	Travel and transportation of persons			171
22.0	Transportation of things			6
23.1	Rental payments to GSA			99
23.2	Rental payments to others			10
23.3	Communications, utilities, and miscellaneous charges			36
25.2	Other services from non-Federal sources			201
25.3	Other goods and services from Federal sources			20
25.7	Operation and maintenance of equipment			7
26.0	Supplies and materials			63
31.0	Equipment			130
32.0	Land and structures			5
41.0	Grants, subsidies, and contributions			6

99.0	Direct obligations			2,310
99.0	Reimbursable obligations			27

99.9	Total new obligations, unexpired accounts			2,337


Identification code 020–0400–2–1–751		2019 actual	2020 est.	2021 est.

1001	Direct civilian full-time equivalent employment			7,896


Identification code 020–0402–2–1–751		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0006	CAS - Protection Infrastructure			23
0008	CAS - Construction and Facility Improvements			1

0900	Total new obligations, unexpired accounts			24

	Budgetary resources:
	Unobligated balance:
1011	Unobligated balance transfer from other acct [070–0401]			14
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation			38
1930	Total budgetary resources available			52
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year			28

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			24
3020	Outlays (gross)			–76
3031	Unpaid obligations transferred from other accts [070–0401]			75

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

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross			38
	Outlays, gross:
4010	Outlays from new discretionary authority			11
4011	Outlays from discretionary balances			65

4020	Outlays, gross (total)			76
4180	Budget authority, net (total)			38
4190	Outlays, net (total)			76

Procurement, Construction, and Improvements provides funds necessary for the planning, operational development, engineering and purchase of one or more assets prior to sustainment. This account provides necessary funding and investments needed to support the Secret Service's protective and investigation missions.


Identification code 020–0402–2–1–751		2019 actual	2020 est.	2021 est.

	Direct obligations:
25.2	Other services from non-Federal sources			20
31.0	Equipment			4

99.9	Total new obligations, unexpired accounts			24


Identification code 020–0405–2–1–751		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0304	Mandatory-DC Annuity			265

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			265
1930	Total budgetary resources available			265

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			265
3020	Outlays (gross)			–287
3031	Unpaid obligations transferred from other accts [070–0405]			44

3050	Unpaid obligations, end of year			22
	Memorandum (non-add) entries:
3200	Obligated balance, end of year			22

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			265
	Outlays, gross:
4100	Outlays from new mandatory authority			243
4101	Outlays from mandatory balances			44

4110	Outlays, gross (total)			287
4180	Budget authority, net (total)			265
4190	Outlays, net (total)			287

This account provides the Secret Service funding for contributions to the District of Columbia's Police and Firefighters Retirement Plan (DC Annuity).


Identification code 020–0405–2–1–751		2019 actual	2020 est.	2021 est.

	Direct obligations:
11.8	Personnel compensation: Special personal services payments			220
12.1	Civilian personnel benefits			45

99.9	Total new obligations, unexpired accounts			265


Identification code 020–0804–2–1–751		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Protection			10

0900	Total new obligations, unexpired accounts (object class 25.2)			10

	Budgetary resources:
	Unobligated balance:
1011	Unobligated balance transfer from other acct [070–0804]			2
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation			12
1930	Total budgetary resources available			14
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year			4

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			10
3020	Outlays (gross)			–12
3031	Unpaid obligations transferred from other accts [070–0804]			2

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross			12
	Outlays, gross:
4010	Outlays from new discretionary authority			10
4011	Outlays from discretionary balances			2

4020	Outlays, gross (total)			12
4180	Budget authority, net (total)			12
4190	Outlays, net (total)			12

Research and Development includes funds necessary for supporting the search for new or refined knowledge and ideas and for the application or use of such knowledge and ideas for the development of new or improved products, processes, or capabilities. This account provides support to the Secret Service's protective and investigative missions.

Trust Funds


Identification code 020–8413–0–8–373		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0881	Bank Supervision	1,053	1,103	1,103

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1,542	1,660	1,632
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	1,170	1,075	1,075
1801	Change in uncollected payments, Federal sources	1

1850	Spending auth from offsetting collections, mand (total)	1,171	1,075	1,075
1930	Total budgetary resources available	2,713	2,735	2,707
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1,660	1,632	1,604

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	294	308	346
3010	New obligations, unexpired accounts	1,053	1,103	1,103
3020	Outlays (gross)	–1,039	–1,065	–1,065

3050	Unpaid obligations, end of year	308	346	384
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–7	–8	–8
3070	Change in uncollected pymts, Fed sources, unexpired	–1

3090	Uncollected pymts, Fed sources, end of year	–8	–8	–8
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	287	300	338
3200	Obligated balance, end of year	300	338	376

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1,171	1,075	1,075
	Outlays, gross:
4100	Outlays from new mandatory authority	366	383	383
4101	Outlays from mandatory balances	673	682	682

4110	Outlays, gross (total)	1,039	1,065	1,065
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4120	Federal sources	–17	–13	–13
4121	Interest on Federal securities	–31	–26	–26
4123	Non-Federal sources	–1,122	–1,036	–1,036

4130	Offsets against gross budget authority and outlays (total)	–1,170	–1,075	–1,075
	Additional offsets against gross budget authority only:
4140	Change in uncollected pymts, Fed sources, unexpired	–1
4170	Outlays, net (mandatory)	–131	–10	–10
4180	Budget authority, net (total)
4190	Outlays, net (total)	–131	–10	–10

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	1,837	1,971	1,981
5001	Total investments, EOY: Federal securities: Par value	1,971	1,981	1,991

The Office of the Comptroller of the Currency (OCC) was created by Congress to charter national banks; oversee a nationwide system of banking institutions; and ensure national banks are safe and sound, competitive and profitable, and capable of serving in the best possible manner the banking needs of their customers. The National Currency Act of 1863 (12 U.S.C. 1 et seq., 12 Stat. 665), rewritten and reenacted as the National Bank Act of 1864, provided for the chartering and supervising functions of the OCC. Income of the OCC is derived principally from assessments paid by national banks and interest on investments in U.S. Government securities. The OCC receives no appropriated funds from Congress.

As of September 30, 2019, the OCC supervised 840 national bank charters, 57 Federal branches of foreign banks, and 303 Federal savings associations. In total, the OCC supervises approximately $12.8 trillion in financial institution assets.

At September 30, 2019, the net position of the OCC was $1.537 billion. The OCC allocates a significant portion of the net position to its financial reserves to cover undelivered orders and capital investments. Financial reserves are integral to the effective stewardship of the OCCs resources, and the OCC has a disciplined process for reviewing its reserve balances and allocating funds appropriately to support its ability to accomplish the agency's mission. The OCCs financial reserves are available to reduce the impact on the OCCs operations in the event of a significant fluctuation in revenues or expenses. In 2018, the OCC established a new receivership contingency fund of $86.6 million within its financial reserves to facilitate the conduct of receiverships of uninsured federal branches or agencies of a foreign banking organization. In 2017, the OCC established a contingency of $100 million within its reserves to act as receiver of those national trust banks which are not FDIC-insured.


Identification code 020–8413–0–8–373		2019 actual	2020 est.	2021 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	543	543	543
11.3	Other than full-time permanent	5	4	4
11.5	Other personnel compensation	3	2	2

11.9	Total personnel compensation	551	549	549
12.1	Civilian personnel benefits	238	269	269
13.0	Benefits for former personnel	1
21.0	Travel and transportation of persons	43	44	44
22.0	Transportation of things	1	1	1
23.2	Rental payments to others	64	67	67
23.3	Communications, utilities, and miscellaneous charges	15	17	17
24.0	Printing and reproduction	1
25.1	Advisory and assistance services	16	18	18
25.2	Other services from non-Federal sources	23	32	32
25.3	Other goods and services from Federal sources	9	9	9
25.4	Operation and maintenance of facilities	5	6	6
25.7	Operation and maintenance of equipment	58	64	64
26.0	Supplies and materials	4	6	6
31.0	Equipment	22	20	20
32.0	Land and structures	1	1	1
42.0	Insurance claims and indemnities	1

99.0	Reimbursable obligations	1,053	1,103	1,103

99.9	Total new obligations, unexpired accounts	1,053	1,103	1,103


Identification code 020–8413–0–8–373		2019 actual	2020 est.	2021 est.

2001	Reimbursable civilian full-time equivalent employment	3,687	3,589	3,589

Federal Funds


Identification code 020–0550–0–1–901		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Interest on Treasury Debt Securities	572,913	576,463	576,286

0900	Total new obligations, unexpired accounts (object class 43.0)	572,913	576,463	576,286

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	572,913	576,463	576,286
1930	Total budgetary resources available	572,913	576,463	576,286

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	572,913	576,463	576,286
3020	Outlays (gross)	–572,913	–576,463	–576,286

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	572,913	576,463	576,286
	Outlays, gross:
4100	Outlays from new mandatory authority	572,913	576,463	576,286
4180	Budget authority, net (total)	572,913	576,463	576,286
4190	Outlays, net (total)	572,913	576,463	576,286

Such amounts are appropriated as may be necessary to pay the interest each year on the public debt (31 U.S.C. 1305, 3123). Interest on Government account series securities is generally calculated on a cash basis. Interest is generally calculated on an accrual basis for all other types of securities.


Identification code 020–0550–2–1–901		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Interest on Treasury Debt Securities			247

0900	Total new obligations, unexpired accounts (object class 43.0)			247

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			247
1930	Total budgetary resources available			247

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			247
4180	Budget authority, net (total)			247
4190	Outlays, net (total)			247


Identification code 020–0550–4–1–901		2019 actual	2020 est.	2021 est.

	Obligations by program activity:
0001	Interest on Treasury Debt Securities		2	–751

0900	Total new obligations, unexpired accounts (object class 43.0)		2	–751

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation		2	–751
1930	Total budgetary resources available		2	–751

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts		2	–751
3020	Outlays (gross)		–2	751

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross		2	–751
	Outlays, gross:
4100	Outlays from new mandatory authority		2	–751
4180	Budget authority, net (total)		2	–751
4190	Outlays, net (total)		2	–751


		2019 actual	2020 est.	2021 est.

Governmental receipts:
010–086400	Filing Fees, P.L. 109–171, Title X	56	56	56
020–015800	Transportation Fuels Tax	–3,623	–10,995	–4,275
020–065000	Deposit of Earnings, Federal Reserve System	52,793	72,681	70,704
020–065000	Deposit of Earnings, Federal Reserve System: Legislative proposal, subject to PAYGO			110
020–085000	Registration, Filing, and Transaction Fees	5	5	5
345–086900	Fees for Legal and Judicial Services, not Otherwise Classified	47	47	47
096–089100	Miscellaneous Fees for Regulatory and Judicial Services, not Otherwise Classified	597	564	564
020–101000	Fines, Penalties, and Forfeitures, Agricultural Laws	4	4	4
021–103000	Fines, Penalties, and Forfeitures, Immigration and Labor Laws	196	183	183
021–103000	Fines, Penalties, and Forfeitures, Immigration and Labor Laws: Legislative proposal, subject to PAYGO			13
034–104000	Fines, Penalties, and Forfeitures, Customs, Commerce, and Antitrust Laws	1,790	5,935	5,935
020–105000	Fines, Penalties, and Forfeitures, Narcotic Prohibition and Alcohol Laws	30	23	23
096–106000	Forfeitures of Unclaimed Money and Property	16	19	19
010–108000	Fines, Penalties, and Forfeitures, Federal Coal Mine Health and Safety Laws	48	47	47
020–109600	Penalties on Employers Who Do not Offer Health Coverage or Delay Eligibility for New Employees		757	1,386
020–241100	User Fees for IRS	3	3	3
020–249200	Premiums, Terrorism Risk Insurance Program			38
020–309400	Recovery from Airport and Airway Trust Fund for Refunds of Taxes	16	19	19
020–309500	Recovery from Leaking Underground Storage Tank Trust Fund for Refunds of Taxes, EPA		6	6
020–309990	Refunds of Moneys Erroneously Received and Recovered (20X1807)	–35	–35	–35
050–085015	Registration, Filing, and Transaction Fees, SEC	530	700	716
220–109900	Fines, Penalties, and Forfeitures, not Otherwise Classified	3,126	4,830	4,830
901–011050	Individual Income Taxes	1,717,735	1,811,837	1,928,630
901–011050	Individual Income Taxes: Legislative proposal, not subject to PAYGO			264
901–011050	Individual Income Taxes: Legislative proposal, subject to PAYGO		–9	2,572
999–011100	Corporation Income and Excess Profits Taxes	230,245	263,669	284,395
999–011100	Corporation Income and Excess Profits Taxes: Legislative proposal, not subject to PAYGO			45
999–011100	Corporation Income and Excess Profits Taxes: Legislative proposal, subject to PAYGO		–27	–347
901–015250	Other Federal Fund Excise Taxes	4,848	1,792	1,831
999–015300	Estate and Gift Taxes	16,672	20,389	21,641
901–015500	Tobacco Excise Tax	12,457	12,333	11,860
901–015600	Alcohol Excise Tax	9,992	9,670	10,055
901–015700	Telephone Excise Tax	436	387	342
901–015913	Fee on Health Insurance Providers	9,590	15,398
901–015914	Tax on Indoor Tanning Services	69	65	63
901–015915	Excise Tax on Medical Device Manufacturers	–64
901–031050	Other Federal Fund Customs Duties	47,591	62,856	35,843
General Fund Governmental receipts		2,105,170	2,273,209	2,377,592


Offsetting receipts from the public:
020–129900	Gifts to the United States, not Otherwise Classified	1	1	1
020–143500	General Fund Proprietary Interest Receipts, not Otherwise Classified	4	4	4
020–145000	Interest Payments from States, Cash Management Improvement	31	32	32
020–146310	Interest on Quota in International Monetary Fund	174	174	174
020–146320	Interest on Loans to International Monetary Fund	37	37	37
020–149900	Interest Received from Credit Financing Accounts	43,249	53,488	53,505
020–168200	Gain by Exchange on Foreign Currency Denominated Public Debt Securities	29
020–248500	GSE Fees Pursuant to P.L. 112–78 Sec. 401	3,903	4,262	4,548
020–248500	GSE Fees Pursuant to P.L. 112–78 Sec. 401: Legislative proposal, subject to PAYGO			202
020–267710	Community Development Financial Institutions Fund, Negative Subsidies	10
020–276330	Community Development Financial Institutions Fund, Downward Re-estimate of Subsidies	10	14
020–279030	GSE Mortgage-backed Securities Direct Loans, Downward Reestimates of Subsidies	7	18
020–279230	Troubled Asset Relief Program, Downward Reestimates of Subsidies	27	74
020–289400	Proceeds, GSE Equity Related Transactions	15,279		2,638
020–289400	Proceeds, GSE Equity Related Transactions: Legislative proposal, not subject to PAYGO			251
020–322000	All Other General Fund Proprietary Receipts	433	448	448
020–387500	Budget Clearing Account (suspense)	63
086–289100	Proceeds, Grants for Emergency Mortgage Relief Derived from Emergency Homeowners' Relief Fund	1	1	1
General Fund Offsetting receipts from the public		63,258	58,553	61,841


Intragovernmental payments:
089–142400	Interest on Investment, Colorado River Projects		3	3
020–133800	Interest on Loans to the Presidio	2	2	2
020–135100	Interest on Loans to BPA	355	239	196
020–136000	Interest on Loans to Western Area Power Administration	2	2	2
020–136300	Interest on Loans for College Housing and Academic Facilities Loans, Education	1	1	1
020–140100	Interest on Loans to Commodity Credit Corporation	358	470	325
020–141500	Interest on Loans to Federal Deposit Insurance Corporation		14	58
020–141800	Interest on Loans to Federal Financing Bank	1,839	1,865	1,928
020–143300	Interest on Loans to National Flood Insurance Fund, DHS	415	442	440
020–149500	Interest Payments on Repayable Advances to the Black Lung Disability Trust Fund	113	120	157
020–149700	Payment of Interest on Advances to the Railroad Retirement Board	110	121	109
020–150110	Interest on Loans or Advances to the Extended Unemployment Compensation Account	3
020–241600	Charges for Administrative Expenses of Social Security Act As Amended	782	697	724
020–310100	Recoveries from Federal Agencies for Settlement of Claims for Contract Disputes	100	158	107
020–311200	Reimbursement from Federal Agencies for Payments Made As a Result of Discriminatory Conduct	15	19	13
020–320000	Receivables from Cancelled Accounts	1	1	1
020–388500	Undistributed Intragovernmental Payments and Receivables from Cancelled Accounts	11
073–142800	Interest on Advances to Small Business Administration	1

General Fund Intragovernmental payments		4,108	4,154	4,066

(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) Not later than 60 days after the end of each quarter, the Office of Financial Research shall submit reports on their activities to the Committees on Appropriations of the House of Representatives and the Senate, the Committee on Financial Services of the House of Representatives and the Senate Committee on Banking, Housing, and Urban Affairs.

(1) the obligations made during the previous quarter by object class, office, and activity;

(2) the estimated obligations for the remainder of the fiscal year by object class, office, and activity;

(3) the number of full-time equivalents within each office during the previous quarter;

(4) the estimated number of full-time equivalents within each office for the remainder of the fiscal year; and

(5) actions taken to achieve the goals, objectives, and performance measures of each office.

(c) At the request of any such Committees specified in subsection (a), the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).

(a) None of the funds made available in this Act may be used by the Executive Office of the President to request—

(1) any official background investigation report on any individual from the Federal Bureau of Investigation; or

(2) a determination with respect to the treatment of an organization as described in section 501(c) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code from the Department of the Treasury or the Internal Revenue Service.

(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.

(1) Notwithstanding any other provision of law, an Executive agency covered by this Act otherwise authorized to enter into contracts for either leases or the construction or alteration of real property for office, meeting, storage, or other space must consult with the General Services Administration before issuing a solicitation for offers of new leases or construction contracts, and in the case of succeeding leases, before entering into negotiations with the current lessor.

(2) Any such agency with authority to enter into an emergency lease may do so during any period declared by the President to require emergency leasing authority with respect to such agency.

(b) For purposes of this section, the term "Executive agency covered by this Act" means any Executive agency provided funds by this Act, but does not include the General Services Administration or the United States Postal Service.

(a) There are appropriated for the following activities the amounts required under current law:

(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.

(a) The head of each executive branch agency funded by this Act shall ensure that the Chief Information Officer of the agency has the authority to participate in decisions regarding the budget planning process related to information technology.

(b) Amounts appropriated for any executive branch agency funded by this Act that are available for information technology shall be allocated within the agency, consistent with the provisions of appropriations Acts and budget guidelines and recommendations from the Director of the Office of Management and Budget, in such manner as specified by, or approved by, the Chief Information Officer of the agency in consultation with the Chief Financial Officer of the agency and budget officials.

(a) None of the funds made available in this Act may be used to maintain or establish a computer network unless such network blocks the viewing, downloading, and exchanging of pornography.

(b) Nothing in subsection (a) shall limit the use of funds necessary for any Federal, State, tribal, or local law enforcement agency or any other entity carrying out criminal investigations, prosecution, adjudication activities, or other law enforcement- or victim assistance-related activity.

(a) None of the funds made available under this Act may be used to pay for travel and conference activities that result in a total cost to an Executive branch department, agency, board or commission funded by this Act of more than $500,000 at any single conference unless the agency or entity determines that such attendance is in the national interest and advance notice is transmitted to the Committees on Appropriations of the House of Representatives and the Senate that includes the basis of that determination.

(1) in subsection (a)(2) of section 2107, by striking "the head of such agency has certified in writing to the Archivist" and inserting "the Archivist determines, after consulting with the head of such agency,";

(2) in subsection (d) of section 2904, by striking the first instance of "digital or electronic";

(3) in subsection (e) of section 3303a, by striking "the written consent of" and inserting "advance notice to"; and

(a) Upon enactment, the unobligated balances appropriated in prior appropriations Acts for the Public Company Accounting Oversight Board merit scholarship program, as authorized by 15 U.S.C. 7219(c)(2), shall be transferred to the general fund of the Treasury.

(b) Amounts made available for fiscal year 2021 by section 620(b) of division C of Public Law 116–93 for the Public Company Accounting Oversight Board merit scholarship program, as authorized by 15 U.S.C. 7219(c)(2), shall be transferred to the general fund of the Treasury.

DEPARTMENT OF THE TREASURY

Departmental Offices

Federal Funds

salaries and expenses

Salaries and Expenses

Office of Terrorism and Financial Intelligence

salaries and expenses

Cybersecurity enhancement account

Treasury capital investments and Modernization Fund

(including transfer of funds)

Office of inspector general

Salaries and expenses

Committee on foreign investment in the united states fund

(Including transfer of funds)

Treasury inspector general for tax administration

Salaries and expenses

Counterterrorism Fund

Terrorism Insurance Program

Treasury Forfeiture Fund

Financial Research Fund

Presidential Election Campaign Fund

Exchange Stabilization Fund

Treasury Franchise Fund

Community Development Financial Institutions Fund Program Account

Community Development Financial Institutions Fund Direct Loan Financing Account

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

State Small Business Credit Initiative

Social Impact Demonstration Projects

GSE Preferred Stock Purchase Agreements

GSE Mortgage-backed Securities Purchase Program Account

State HFA Direct Loan Financing Account

Trust Funds

Capital Magnet Fund, Community Development Financial Institutions

Capital Magnet Fund, Community Development Financial Institutions

(Legislative proposal, subject to PAYGO)

Gifts and Bequests

Financial Crimes Enforcement Network

Federal Funds

salaries and expenses

Fiscal Service

Federal Funds

Salaries and Expenses

Salaries and Expenses

(Legislative proposal, subject to PAYGO)

Reimbursements to Federal Reserve Banks

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

Claims, Judgments, and Relief Acts

(Legislative proposal, subject to PAYGO)

Restitution of Forgone Interest

Continued Dumping and Subsidy Offset

Check Forgery Insurance Fund

Trust Funds

Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund

Gulf Coast Restoration Trust Fund

Federal Financing Bank

Federal Funds

Federal Financing Bank

Alcohol and Tobacco Tax and Trade Bureau

Federal Funds

salaries and expenses

Internal Revenue Collections for Puerto Rico