[Appendix]
[Detailed Budget Estimates by Agency]
[Department of the Treasury]
[From the U.S. Government Publishing Office, www.gpo.gov]
<h1>DEPARTMENT OF THE TREASURY</h1>
DEPARTMENT OF THE TREASURY
Departmental Offices
Federal Funds
salaries and expenses
For necessary expenses of the Departmental Offices including operation and maintenance of the Treasury Building and Freedman's
Bank Building; hire of passenger motor vehicles; maintenance, repairs, and improvements of, and purchase of commercial insurance
policies for, real properties leased or owned overseas, when necessary for the performance of official business; executive
direction program activities; international affairs and economic policy activities; domestic finance and tax policy activities,
including technical assistance to State, local, and territorial entities; and Treasury-wide management policies and programs
activities, $270,669,000: 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 $34,000,000 shall remain available until September 30, 2023, for—
(A) the Treasury-wide Financial Statement Audit and Internal Control Program;
(B) information technology modernization requirements;
(C) the audit, oversight, and administration of the Gulf Coast Restoration Trust Fund;
(D) the development and implementation of programs within the Office of Cybersecurity and Critical Infrastructure Protection,
including entering into cooperative agreements;
(E) operations and maintenance of facilities; and
(F) international operations.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–0101–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Executive Direction
36
37
49
0002
International Affairs and Economic Policy
58
54
63
0003
Domestic Finance and Tax Policy
75
80
91
0005
Treasury-wide Management and Programs
35
40
44
0006
CFIUS
30
38
39
0007
Coronavirus Response Support to SBA
1
0100
Subtotal, Direct programs
234
250
286
0799
Total direct obligations
234
250
286
0811
Salaries and Expenses (Reimbursable)
10
11
11
0900
Total new obligations, unexpired accounts
244
261
297
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
21
54
28
1012
Unobligated balance transfers between expired and unexpired accounts
1
1050
Unobligated balance (total)
22
54
28
Budget authority:
Appropriations, discretionary:
1100
Appropriation
228
233
271
1100
Appropriation [CARES Act]
25
1160
Appropriation, discretionary (total)
253
233
271
Spending authority from offsetting collections, discretionary:
1700
Collected
9
11
11
1700
Collected
15
15
15
1701
Change in uncollected payments, Federal sources
1
1750
Spending auth from offsetting collections, disc (total)
25
26
26
1900
Budget authority (total)
278
259
297
1930
Total budgetary resources available
300
313
325
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–2
–24
1941
Unexpired unobligated balance, end of year
54
28
28
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
55
52
30
3010
New obligations, unexpired accounts
244
261
297
3011
Obligations ("upward adjustments"), expired accounts
3
3020
Outlays (gross)
–240
–283
–296
3041
Recoveries of prior year unpaid obligations, expired
–10
3050
Unpaid obligations, end of year
52
30
31
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–9
–5
–5
3070
Change in uncollected pymts, Fed sources, unexpired
–1
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
46
47
25
3200
Obligated balance, end of year
47
25
26
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
278
259
297
Outlays, gross:
4010
Outlays from new discretionary authority
198
227
260
4011
Outlays from discretionary balances
42
56
36
4020
Outlays, gross (total)
240
283
296
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–28
–26
–26
4033
Non-Federal sources
–1
4040
Offsets against gross budget authority and outlays (total)
–29
–26
–26
Additional offsets against gross budget authority only:
4050
Change in uncollected pymts, Fed sources, unexpired
–1
4052
Offsetting collections credited to expired accounts
5
4060
Additional offsets against budget authority only (total)
4
4070
Budget authority, net (discretionary)
253
233
271
4080
Outlays, net (discretionary)
211
257
270
4180
Budget authority, net (total)
253
233
271
4190
Outlays, net (total)
211
257
270
Departmental Offices, as the headquarters bureau for the Department of the Treasury, provides leadership in economic and financial
policy, terrorism and financial intelligence, financial crimes, and general management. The Secretary of the Treasury has
the primary role of formulating and managing the domestic and international tax and financial policies of the Federal Government.
Through effective management, policies, and leadership, the Treasury Department protects our national security through targeted
financial actions, promotes the stability of the Nation's financial markets, and ensures the Government's ability to collect
revenue and fund its operations.
Object Classification (in millions of dollars)
Identification code 020–0101–0–1–803
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
90
105
124
11.3
Other than full-time permanent
1
2
2
11.5
Other personnel compensation
3
3
3
11.8
Special personal services payments
1
11.9
Total personnel compensation
95
110
129
12.1
Civilian personnel benefits
30
31
38
21.0
Travel and transportation of persons
2
3
4
22.0
Transportation of things
1
23.2
Rental payments to others
2
1
1
25.1
Advisory and assistance services
14
26
20
25.2
Other services from non-Federal sources
1
2
2
25.3
Other goods and services from Federal sources
81
68
84
25.7
Operation and maintenance of equipment
1
26.0
Supplies and materials
2
3
3
31.0
Equipment
2
2
2
32.0
Land and structures
4
1
2
99.0
Direct obligations
234
248
285
99.0
Reimbursable obligations
8
11
11
99.5
Adjustment for rounding
2
2
1
99.9
Total new obligations, unexpired accounts
244
261
297
Employment Summary
Identification code 020–0101–0–1–803
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
638
727
836
2001
Reimbursable civilian full-time equivalent employment
39
39
39
OFFICE OF TERRORISM AND FINANCIAL INTELLIGENCE
SALARIES AND EXPENSES
For the necessary expenses of the Office of Terrorism and Financial Intelligence to safeguard the financial system against
illicit use and to combat rogue nations, terrorist facilitators, weapons of mass destruction proliferators, human rights abusers,
money launderers, drug kingpins, and other national security threats, $185,192,000, 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, 2023.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–1804–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Terrorism and Financial Intelligence
168
175
185
0811
Salaries and Expenses (Reimbursable)
9
11
11
0900
Total new obligations, unexpired accounts
177
186
196
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
10
12
12
1012
Unobligated balance transfers between expired and unexpired accounts
1
1050
Unobligated balance (total)
11
12
12
Budget authority:
Appropriations, discretionary:
1100
Appropriation
170
175
185
Spending authority from offsetting collections, discretionary:
1700
Collected
5
11
11
1701
Change in uncollected payments, Federal sources
4
1750
Spending auth from offsetting collections, disc (total)
9
11
11
1900
Budget authority (total)
179
186
196
1930
Total budgetary resources available
190
198
208
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
12
12
12
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
53
63
35
3010
New obligations, unexpired accounts
177
186
196
3011
Obligations ("upward adjustments"), expired accounts
1
3020
Outlays (gross)
–166
–214
–195
3041
Recoveries of prior year unpaid obligations, expired
–2
3050
Unpaid obligations, end of year
63
35
36
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–6
–6
–6
3070
Change in uncollected pymts, Fed sources, unexpired
–4
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
47
57
29
3200
Obligated balance, end of year
57
29
30
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
179
186
196
Outlays, gross:
4010
Outlays from new discretionary authority
126
154
163
4011
Outlays from discretionary balances
40
60
32
4020
Outlays, gross (total)
166
214
195
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–10
–11
–11
Additional offsets against gross budget authority only:
4050
Change in uncollected pymts, Fed sources, unexpired
–4
4052
Offsetting collections credited to expired accounts
5
4060
Additional offsets against budget authority only (total)
1
4070
Budget authority, net (discretionary)
170
175
185
4080
Outlays, net (discretionary)
156
203
184
4180
Budget authority, net (total)
170
175
185
4190
Outlays, net (total)
156
203
184
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. In addition to the Financial Crimes Enforcement Network (FinCEN) and Treasury Executive
Office for Asset Forfeiture (TEOAF), which are shown separately, TFI includes three other components: 1) the Office of Terrorist
Financing and Financial Crimes (TFFC), responsible for policy and outreach such as U.S. representation to the Financial Action
Task Force (FATF); 2) the Office of Intelligence and Analysis (OIA), the sole intelligence community (IC) component in the
Department of the Treasury; and 3) the Office of Foreign Assets Control (OFAC), which administers and enforces economic and
trade sanctions.
Object Classification (in millions of dollars)
Identification code 020–1804–0–1–803
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
58
68
73
11.3
Other than full-time permanent
1
1
1
11.5
Other personnel compensation
2
2
2
11.9
Total personnel compensation
61
71
76
12.1
Civilian personnel benefits
20
23
25
21.0
Travel and transportation of persons
1
1
1
25.1
Advisory and assistance services
16
20
19
25.2
Other services from non-Federal sources
1
2
2
25.3
Other goods and services from Federal sources
46
42
40
25.7
Operation and maintenance of equipment
7
6
10
26.0
Supplies and materials
3
3
3
31.0
Equipment
5
2
4
32.0
Land and structures
9
5
5
99.0
Direct obligations
169
175
185
99.0
Reimbursable obligations
8
10
10
99.5
Adjustment for rounding
1
1
99.9
Total new obligations, unexpired accounts
177
186
196
Employment Summary
Identification code 020–1804–0–1–803
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
477
551
575
2001
Reimbursable civilian full-time equivalent employment
39
35
41
CYBERSECURITY ENHANCEMENT ACCOUNT
For salaries and expenses for enhanced cybersecurity for systems operated by the Department of the Treasury, $132,027,000, to remain available until September 30, 2024: 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 $4,000,000 shall be available for administrative expenses for the Treasury Chief Information Officer to provide oversight of the investments
made under this heading: Provided further, That such funds shall supplement and not supplant any other amounts made available to the Treasury Chief Information Officer.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–1855–0–1–808
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Cybersecurity Enhancement Account
21
18
54
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
29
27
27
1021
Recoveries of prior year unpaid obligations
1
1050
Unobligated balance (total)
30
27
27
Budget authority:
Appropriations, discretionary:
1100
Appropriation
18
18
132
1930
Total budgetary resources available
48
45
159
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
27
27
105
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
15
16
14
3010
New obligations, unexpired accounts
21
18
54
3020
Outlays (gross)
–19
–20
–41
3040
Recoveries of prior year unpaid obligations, unexpired
–1
3050
Unpaid obligations, end of year
16
14
27
Memorandum (non-add) entries:
3100
Obligated balance, start of year
15
16
14
3200
Obligated balance, end of year
16
14
27
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
18
18
132
Outlays, gross:
4010
Outlays from new discretionary authority
4
26
4011
Outlays from discretionary balances
19
16
15
4020
Outlays, gross (total)
19
20
41
4180
Budget authority, net (total)
18
18
132
4190
Outlays, net (total)
19
20
41
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. The Budget includes
an increase of $114 million above base CEA resources to strengthen Treasury's cybersecurity posture and address the impacts
of the SolarWinds incident.
Object Classification (in millions of dollars)
Identification code 020–1855–0–1–808
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
1
1
1
25.1
Advisory and assistance services
17
5
42
25.2
Other services from non-Federal sources
1
5
4
25.3
Other goods and services from Federal sources
1
3
25.7
Operation and maintenance of equipment
1
1
31.0
Equipment
1
5
4
99.0
Direct obligations
21
17
55
99.5
Adjustment for rounding
1
–1
99.9
Total new obligations, unexpired accounts
21
18
54
Employment Summary
Identification code 020–1855–0–1–808
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
4
6
10
DEPARTMENT-WIDE SYSTEMS AND CAPITAL INVESTMENTS PROGRAMS
(INCLUDING TRANSFER OF FUNDS)
For development and acquisition of automatic data processing equipment, software, and services and for repairs and renovations
to buildings owned by the Department of the Treasury, $6,118,000, to remain available until September 30, 2024: Provided, That these funds shall be transferred to accounts and in amounts as necessary to satisfy the requirements of the Department's
offices, bureaus, and other organizations: Provided further, That this transfer authority shall be in addition to any other transfer authority provided in this Act: Provided further, That none of the funds appropriated under this heading shall be used to support or supplement "Internal Revenue Service,
Operations Support" or "Internal Revenue Service, Business Systems Modernization".
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–0115–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Department-wide Systems and Capital Investments Programs (Direct)
3
6
6
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
3
6
6
Budget authority:
Appropriations, discretionary:
1100
Appropriation
6
6
6
1930
Total budgetary resources available
9
12
12
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
6
6
6
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
3
4
4
3010
New obligations, unexpired accounts
3
6
6
3020
Outlays (gross)
–2
–6
–7
3050
Unpaid obligations, end of year
4
4
3
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3
4
4
3200
Obligated balance, end of year
4
4
3
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
6
6
6
Outlays, gross:
4010
Outlays from new discretionary authority
3
3
4011
Outlays from discretionary balances
2
3
4
4020
Outlays, gross (total)
2
6
7
4180
Budget authority, net (total)
6
6
6
4190
Outlays, net (total)
2
6
7
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.
Object Classification (in millions of dollars)
Identification code 020–0115–0–1–803
2020 actual
2021 est.
2022 est.
Direct obligations:
25.1
Advisory and assistance services
1
32.0
Land and structures
3
6
6
99.0
Direct obligations
3
7
6
99.5
Adjustment for rounding
–1
99.9
Total new obligations, unexpired accounts
3
6
6
Salaries and expenses
For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978,
$42,362,000, 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, 2023, shall be for audits and investigations conducted pursuant to section 1608 of the Resources and Ecosystems Sustainability,
Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012 (33 U.S.C. 1321 note); and of which not
to exceed $1,000 shall be available for official reception and representation expenses.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–0106–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Audits
26
30
31
0002
Investigations
10
11
11
0003
Coronavirus Relief Fund Oversight
2
11
7
0004
Emergency Rental Assistance Oversight
3
2
0005
Homeowner Assistance Oversight
1
1
0799
Total direct obligations
38
56
52
0801
Office of Inspector General (Reimbursable)
6
9
9
0900
Total new obligations, unexpired accounts
44
65
61
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
35
33
Budget authority:
Appropriations, discretionary:
1100
Appropriation
41
41
42
1100
Appropriation (CARES Act)
35
1100
Appropriation (Consolidated Appropriations Act, 2021)
7
1160
Appropriation, discretionary (total)
76
48
42
Appropriations, mandatory:
1221
Appropriations transferred from other acct [020–0124]
3
1221
Appropriations transferred from other acct [020–0150]
3
1260
Appropriations, mandatory (total)
6
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)
82
63
51
1930
Total budgetary resources available
82
98
84
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–3
1941
Unexpired unobligated balance, end of year
35
33
23
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
12
12
19
3010
New obligations, unexpired accounts
44
65
61
3011
Obligations ("upward adjustments"), expired accounts
1
3020
Outlays (gross)
–43
–58
–68
3041
Recoveries of prior year unpaid obligations, expired
–2
3050
Unpaid obligations, end of year
12
19
12
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
7
7
14
3200
Obligated balance, end of year
7
14
7
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
82
57
51
Outlays, gross:
4010
Outlays from new discretionary authority
32
44
38
4011
Outlays from discretionary balances
11
10
29
4020
Outlays, gross (total)
43
54
67
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)
76
48
42
4080
Outlays, net (discretionary)
37
45
58
Mandatory:
4090
Budget authority, gross
6
Outlays, gross:
4100
Outlays from new mandatory authority
4
4101
Outlays from mandatory balances
1
4110
Outlays, gross (total)
4
1
4180
Budget authority, net (total)
76
54
42
4190
Outlays, net (total)
37
49
59
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, the Special Inspector General for the Troubled Asset Relief Program, and the Special
Inspector General for Pandemic Recovery. 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 2022, as well as provide oversight, on a reimbursable basis, of the Small Business Lending Fund.
In 2022, 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.
This account also supports the oversight of COVID response programs, such as the Coronavirus Relief Fund, Emergency Rental
Assistance, and the Homeowner Assistance Fund pursuant to the Coronavirus Aid, Relief, and Economic Security (CARES) Act,
Division N of the Consolidated Appropriations Act, 2021, and the American Rescue Plan Act of 2021.
Object Classification (in millions of dollars)
Identification code 020–0106–0–1–803
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
18
26
27
11.5
Other personnel compensation
1
1
1
11.9
Total personnel compensation
19
27
28
12.1
Civilian personnel benefits
7
10
10
21.0
Travel and transportation of persons
1
1
23.1
Rental payments to GSA
4
5
5
23.3
Communications, utilities, and miscellaneous charges
1
1
25.2
Other services from non-Federal sources
3
6
3
25.3
Other goods and services from Federal sources
3
4
3
31.0
Equipment
1
1
1
99.0
Direct obligations
37
55
52
99.0
Reimbursable obligations
6
9
9
99.5
Adjustment for rounding
1
1
99.9
Total new obligations, unexpired accounts
44
65
61
Employment Summary
Identification code 020–0106–0–1–803
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
150
180
190
COMMITTEE ON FOREIGN INVESTMENT IN THE UNITED STATES FUND
(INCLUDING TRANSFER OF FUNDS)
For necessary expenses of the Committee on Foreign Investment in the United States, $20,000,000, to remain available until
expended: Provided, That the chairperson of the Committee may transfer such amounts to any department or agency represented on the Committee
(including the Department of the Treasury) subject to advance notification to the Committees on Appropriations of the House
of Representatives and the Senate: Provided further, That amounts so transferred shall remain available until expended for expenses of implementing section 721 of the Defense
Production Act of 1950, as amended (50 U.S.C. 4565), and shall be available in addition to any other funds available to any
department or agency: Provided further, That fees authorized by section 721(p) of such Act shall be credited to this appropriation as offsetting collections: Provided further, That the total amount appropriated under this heading from the general fund shall be reduced as such offsetting collections
are received during fiscal year 2022, so as to result in a total appropriation from the general fund estimated at not more than $0.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–0165–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Transfer to Departmental Offices
15
15
15
0002
Transfer to Member Agencies
5
5
0900
Total new obligations, unexpired accounts (object class 94.0)
15
20
20
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
5
5
Budget authority:
Appropriations, discretionary:
1100
Appropriation
17
Spending authority from offsetting collections, discretionary:
1700
Collected
3
20
20
1900
Budget authority (total)
20
20
20
1930
Total budgetary resources available
20
25
25
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
5
5
5
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
15
20
20
3020
Outlays (gross)
–15
–20
–20
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
20
20
20
Outlays, gross:
4010
Outlays from new discretionary authority
15
20
20
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–2
–20
–20
4034
Offsetting governmental collections
–1
4040
Offsets against gross budget authority and outlays (total)
–3
–20
–20
4070
Budget authority, net (discretionary)
17
4080
Outlays, net (discretionary)
12
4180
Budget authority, net (total)
17
4190
Outlays, net (total)
12
The Committee on Foreign Investment in the United States (CFIUS) is an interagency committee, chaired by the Secretary of
the Treasury, authorized to review certain transactions involving foreign investment in the United States and certain real
estate transactions by foreign persons in order to determine the effect of such transactions on the national security of the
United States. The Foreign Investment Risk Review Modernization Act of 2018 established the CFIUS Fund. This account funds
investments necessary to the functioning of CFIUS and allows the transfer of a portion of such funds to CFIUS agencies to
address emerging needs.
TREASURY INSPECTOR GENERAL FOR TAX ADMINISTRATION
SALARIES AND EXPENSES
For necessary expenses of the Treasury Inspector General for Tax Administration in carrying out the Inspector General Act
of 1978, as amended, including purchase and hire of passenger motor vehicles (31 U.S.C. 1343(b)); and services authorized
by 5 U.S.C. 3109, at such rates as may be determined by the Inspector General for Tax Administration; $175,762,000, of which $5,000,000 shall remain available until September 30, 2023; of which not to exceed $6,000,000 shall be available for official travel expenses; of which not to exceed $500,000 shall
be available for unforeseen emergencies of a confidential nature, to be allocated and expended under the direction of the
Inspector General for Tax Administration; and of which not to exceed $1,500 shall be available for official reception and
representation expenses.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–0119–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Audit
66
66
67
0002
Investigations
106
107
114
0799
Total direct obligations
172
173
181
0801
Treasury Inspector General for Tax Administration (Reimbursable)
1
1
1
0900
Total new obligations, unexpired accounts
173
174
182
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
5
3
8
Budget authority:
Appropriations, discretionary:
1100
Appropriation
170
170
176
Appropriations, mandatory:
1200
Appropriation [ARP]
8
Spending authority from offsetting collections, discretionary:
1700
Collected
1
1
1
1900
Budget authority (total)
171
179
177
1930
Total budgetary resources available
176
182
185
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
3
8
3
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
17
19
13
3010
New obligations, unexpired accounts
173
174
182
3020
Outlays (gross)
–169
–180
–182
3041
Recoveries of prior year unpaid obligations, expired
–2
3050
Unpaid obligations, end of year
19
13
13
Memorandum (non-add) entries:
3100
Obligated balance, start of year
17
19
13
3200
Obligated balance, end of year
19
13
13
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
171
171
177
Outlays, gross:
4010
Outlays from new discretionary authority
151
157
163
4011
Outlays from discretionary balances
18
20
14
4020
Outlays, gross (total)
169
177
177
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–1
–1
–1
Mandatory:
4090
Budget authority, gross
8
Outlays, gross:
4100
Outlays from new mandatory authority
3
4101
Outlays from mandatory balances
5
4110
Outlays, gross (total)
3
5
4180
Budget authority, net (total)
170
178
176
4190
Outlays, net (total)
168
179
181
The Treasury Inspector General for Tax Administration (TIGTA), an independent office within the Department of the Treasury,
was established by Congress under the Internal Revenue Service (IRS) Restructuring and Reform Act of 1998 (RRA 98). It provides
oversight of IRS activities by conducting independent audits, investigations, and inspections and evaluations necessary to
prevent and detect waste, fraud, and abuse in IRS programs and operations. TIGTA also identifies and recommends strategies
to address IRS management challenges and implement 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 audit work in high-risk tax administration areas. Statutory coverage includes audits mandated by RRA 98
and other statutory authorities involving computer security, taxpayer rights and privacy issues. Through its audit programs,
TIGTA promotes efficiency and effectiveness in the administration of internal revenue laws. TIGTA is dedicated to the prevention
and detection of fraud, waste, and abuse affecting tax administration.
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. OI's performance model uses a ratio of those investigations that
have the greatest impact on IRS' operations and/or the protection of Federal tax administration to the total number of investigations
conducted. Investigations in these areas protect IRS personnel, data, and facilities, as well as the public's confidence
in the tax system.
TIGTA's Office of Inspections and Evaluations (I&E) identifies opportunities for improvements 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.
This account also supports the oversight of Economic Impact Payments and other fast and direct relief pursuant to the Coronavirus
Aid, Relief, and Economic Security (CARES) Act, Division N of the Consolidated Appropriations Act, 2021, and the American
Rescue Plan Act of 2021.
Object Classification (in millions of dollars)
Identification code 020–0119–0–1–803
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
87
89
91
11.1
Full-time permanent - ARPA Fund
2
3
11.5
Other personnel compensation
9
9
9
11.9
Total personnel compensation
96
100
103
12.1
Civilian personnel benefits
40
42
44
12.1
Civilian personnel benefits - ARPA Fund
1
2
21.0
Travel and transportation of persons
2
2
3
23.1
Rental payments to GSA
9
9
8
23.3
Communications, utilities, and miscellaneous charges
1
1
1
25.1
Advisory and assistance services
2
1
2
25.2
Other services from non-Federal sources
1
1
1
25.3
Other goods and services from Federal sources
14
11
12
25.7
Operation and maintenance of equipment
2
1
1
26.0
Supplies and materials
1
1
1
31.0
Equipment
4
3
3
99.0
Direct obligations
172
173
181
99.0
Reimbursable obligations
1
1
1
99.9
Total new obligations, unexpired accounts
173
174
182
Employment Summary
Identification code 020–0119–0–1–803
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
731
760
760
2001
Reimbursable civilian full-time equivalent employment
2
2
2
Terrorism Insurance Program
Program and Financing (in millions of dollars)
Identification code 020–0123–0–1–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Base Administrative Expenses
2
3
4
0003
Projected Payments to Insurers
25
75
0900
Total new obligations, unexpired accounts
2
28
79
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2
28
79
1930
Total budgetary resources available
2
28
79
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
7
3010
New obligations, unexpired accounts
2
28
79
3020
Outlays (gross)
–3
–21
–66
3050
Unpaid obligations, end of year
7
20
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
7
3200
Obligated balance, end of year
7
20
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
2
28
79
Outlays, gross:
4100
Outlays from new mandatory authority
2
21
59
4101
Outlays from mandatory balances
1
7
4110
Outlays, gross (total)
3
21
66
4180
Budget authority, net (total)
2
28
79
4190
Outlays, net (total)
3
21
66
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 (TRIA) (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 $47 million for 2022, $359 million over the 2022–2026 period,
and $518 million over the 2022–2031 period. Mechanisms in TRIA result in Treasury's relative share of any covered losses
decreasing over time as premiums in the insurance market increase. The budget estimate reflects this projected decrease in
Treasury's share.
Object Classification (in millions of dollars)
Identification code 020–0123–0–1–376
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
1
1
2
25.1
Advisory and assistance services
1
2
2
42.0
Insurance claims and indemnities
25
75
99.0
Direct obligations
2
28
79
99.9
Total new obligations, unexpired accounts
2
28
79
Employment Summary
Identification code 020–0123–0–1–376
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
5
7
8
Treasury Forfeiture Fund
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5697–0–2–751
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
56
30
33
0198
Reconciliation adjustment
–2
0199
Balance, start of year
54
30
33
Receipts:
Current law:
1110
Forfeited Cash and Proceeds from Sale of Forfeited Property, Treasury Forfeiture Fund
495
547
547
1140
Earnings on Investments, Treasury Forfeiture Fund
19
25
25
1198
Reconciliation adjustment
–1
1199
Total current law receipts
513
572
572
1999
Total receipts
513
572
572
2000
Total: Balances and receipts
567
602
605
Appropriations:
Current law:
2101
Treasury Forfeiture Fund
–513
–572
–572
2103
Treasury Forfeiture Fund
–54
–30
–33
2132
Treasury Forfeiture Fund
30
33
33
2199
Total current law appropriations
–537
–569
–572
2999
Total appropriations
–537
–569
–572
5099
Balance, end of year
30
33
33
Program and Financing (in millions of dollars)
Identification code 020–5697–0–2–751
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Mandatory
465
445
445
0003
Secretary's Enforcement Fund
23
35
36
0900
Total new obligations, unexpired accounts
488
480
481
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
610
691
717
1021
Recoveries of prior year unpaid obligations
32
12
12
1050
Unobligated balance (total)
642
703
729
Budget authority:
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
513
572
572
1203
Appropriation (previously unavailable)(special or trust)
54
30
33
1230
Appropriations and/or unobligated balance of appropriations permanently reduced
–75
1232
Appropriations and/or unobligated balance of appropriations temporarily reduced
–30
–33
–33
1260
Appropriations, mandatory (total)
537
494
572
1930
Total budgetary resources available
1,179
1,197
1,301
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
691
717
820
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
512
531
527
3010
New obligations, unexpired accounts
488
480
481
3020
Outlays (gross)
–437
–472
–515
3040
Recoveries of prior year unpaid obligations, unexpired
–32
–12
–12
3050
Unpaid obligations, end of year
531
527
481
Memorandum (non-add) entries:
3100
Obligated balance, start of year
512
531
527
3200
Obligated balance, end of year
531
527
481
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
537
494
572
Outlays, gross:
4100
Outlays from new mandatory authority
27
27
4101
Outlays from mandatory balances
437
445
488
4110
Outlays, gross (total)
437
472
515
4180
Budget authority, net (total)
537
494
572
4190
Outlays, net (total)
437
472
515
Memorandum (non-add) entries:
5000
Total investments, SOY: Federal securities: Par value
1,144
1,218
1,297
5001
Total investments, EOY: Federal securities: Par value
1,218
1,297
1,381
The mission of the Treasury Forfeiture Fund (Fund) is to affirmatively influence the consistent and strategic use of asset
forfeiture by law enforcement bureaus that participate in the Fund to disrupt and dismantle criminal enterprises. The Fund
supports Federal, State, and local law enforcement's use of asset forfeiture to disrupt and deter criminal activity. Proceeds
from non-tax forfeitures made by participating bureaus of the Department of the Treasury and the Department of Homeland Security
are deposited into the Fund. Such proceeds are available to pay or reimburse certain costs and expenses related to seizures
and forfeitures that occur pursuant to laws enforced by the bureaus and other expenses authorized by 31 U.S.C. 9705. Forfeiture
proceeds can also be used to fund Federal law enforcement-related activities based on requests from Federal agencies and evaluation
by the Secretary of the Treasury.
Object Classification (in millions of dollars)
Identification code 020–5697–0–2–751
2020 actual
2021 est.
2022 est.
Direct obligations:
25.2
Other services from non-Federal sources
12
47
47
25.3
Other goods and services from Federal sources
247
140
140
41.0
Grants, subsidies, and contributions
131
116
116
44.0
Refunds
73
142
143
94.0
Financial transfers
24
35
35
99.0
Direct obligations
487
480
481
99.5
Adjustment for rounding
1
99.9
Total new obligations, unexpired accounts
488
480
481
Financial Research Fund
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5590–0–2–376
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
4
4
5
Receipts:
Current law:
1110
Fees and Assessments, Financial Research Fund
74
70
85
1130
Interest, Financial Research Fund
1
1
1
1199
Total current law receipts
75
71
86
1999
Total receipts
75
71
86
2000
Total: Balances and receipts
79
75
91
Appropriations:
Current law:
2101
Financial Research Fund
–74
–70
–84
2103
Financial Research Fund
–4
–4
–4
2132
Financial Research Fund
4
4
5
2199
Total current law appropriations
–74
–70
–83
2999
Total appropriations
–74
–70
–83
5098
Rounding adjustment
–1
5099
Balance, end of year
4
5
8
Program and Financing (in millions of dollars)
Identification code 020–5590–0–2–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0002
FSOC
5
7
7
0003
FDIC Payments
3
4
4
0091
FSOC subtotal
8
11
11
0101
OFR
63
72
75
0900
Total new obligations, unexpired accounts
71
83
86
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
57
62
51
1021
Recoveries of prior year unpaid obligations
2
2
3
1050
Unobligated balance (total)
59
64
54
Budget authority:
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
74
70
84
1203
Appropriation (previously unavailable)(special or trust)
4
4
4
1232
Appropriations and/or unobligated balance of appropriations temporarily reduced
–4
–4
–5
1260
Appropriations, mandatory (total)
74
70
83
1930
Total budgetary resources available
133
134
137
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
62
51
51
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
24
27
28
3010
New obligations, unexpired accounts
71
83
86
3020
Outlays (gross)
–66
–80
–75
3040
Recoveries of prior year unpaid obligations, unexpired
–2
–2
–3
3050
Unpaid obligations, end of year
27
28
36
Memorandum (non-add) entries:
3100
Obligated balance, start of year
24
27
28
3200
Obligated balance, end of year
27
28
36
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
74
70
83
Outlays, gross:
4100
Outlays from new mandatory authority
56
18
20
4101
Outlays from mandatory balances
10
62
55
4110
Outlays, gross (total)
66
80
75
4180
Budget authority, net (total)
74
70
83
4190
Outlays, net (total)
66
80
75
Memorandum (non-add) entries:
5000
Total investments, SOY: Federal securities: Par value
75
84
52
5001
Total investments, EOY: Federal securities: Par value
84
52
57
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 other stakeholders 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.
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.
Object Classification (in millions of dollars)
Identification code 020–5590–0–2–376
2020 actual
2021 est.
2022 est.
11.1
Direct obligations: Personnel compensation: Full-time permanent
21
28
32
11.9
Total personnel compensation
21
28
32
12.1
Civilian personnel benefits
8
9
11
25.1
Advisory and assistance services
14
15
14
25.2
Other services from non-Federal sources
1
1
2
25.3
Other goods and services from Federal sources
10
12
12
25.7
Operation and maintenance of equipment
5
4
4
26.0
Supplies and materials
10
11
10
31.0
Equipment
1
3
1
99.0
Direct obligations
70
83
86
99.5
Adjustment for rounding
1
99.9
Total new obligations, unexpired accounts
71
83
86
Employment Summary
Identification code 020–5590–0–2–376
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
118
149
166
Presidential Election Campaign Fund
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5081–0–2–808
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
2
1
28
Receipts:
Current law:
1110
Presidential Election Campaign Fund
24
50
50
2000
Total: Balances and receipts
26
51
78
Appropriations:
Current law:
2101
Presidential Election Campaign Fund
–24
–23
–23
2103
Presidential Election Campaign Fund
–2
–1
–1
2132
Presidential Election Campaign Fund
1
1
1
2199
Total current law appropriations
–25
–23
–23
2999
Total appropriations
–25
–23
–23
5099
Balance, end of year
1
28
55
Program and Financing (in millions of dollars)
Identification code 020–5081–0–2–808
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Presidential Election Campaigns
1
0900
Total new obligations, unexpired accounts (object class 41.0)
1
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
354
378
401
Budget authority:
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
24
23
23
1203
Appropriation (Sequestration pop-up, Authorizing Committee)
2
1
1
1232
Appropriations and/or unobligated balance of appropriations temporarily reduced
–1
–1
–1
1260
Appropriations, mandatory (total)
25
23
23
1930
Total budgetary resources available
379
401
424
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
378
401
424
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
1
3020
Outlays (gross)
–1
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
25
23
23
Outlays, gross:
4101
Outlays from mandatory balances
1
4180
Budget authority, net (total)
25
23
23
4190
Outlays, net (total)
1
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). There were no funds paid to the candidates in the 2020 Presidential election.
Candidates for General Elections.—By statute, eligible candidates of each major party in a presidential election are entitled to equal payments in an amount
that may not exceed $20 million (adjusted for inflation since 1974) per party. In 2016, this amounted to $96.1 million for
each candidate, but neither major party candidate accepted general election funding. Again, in 2020, 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. There was $736,000 paid
to the NIH from this fund in 2020. Amounts previously transferred were intended to cover the years between elections and no
funds will be transferred for FY 2021 and FY 2022.
Treasury Franchise Fund
Program and Financing (in millions of dollars)
Identification code 020–4560–0–4–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0802
Financial Management Administrative Support Service
220
197
211
0804
Information Technology Services
223
217
222
0806
Shared Services Program
287
300
314
0808
Centralized Treasury Administrative Services
122
135
146
0900
Total new obligations, unexpired accounts
852
849
893
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
209
168
192
1021
Recoveries of prior year unpaid obligations
18
24
23
1050
Unobligated balance (total)
227
192
215
Budget authority:
Spending authority from offsetting collections, discretionary:
1700
Collected
788
849
893
1701
Change in uncollected payments, Federal sources
5
1750
Spending auth from offsetting collections, disc (total)
793
849
893
1930
Total budgetary resources available
1,020
1,041
1,108
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
168
192
215
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
209
245
47
3010
New obligations, unexpired accounts
852
849
893
3020
Outlays (gross)
–798
–1,023
–887
3040
Recoveries of prior year unpaid obligations, unexpired
–18
–24
–23
3050
Unpaid obligations, end of year
245
47
30
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–22
–27
–27
3070
Change in uncollected pymts, Fed sources, unexpired
–5
3090
Uncollected pymts, Fed sources, end of year
–27
–27
–27
Memorandum (non-add) entries:
3100
Obligated balance, start of year
187
218
20
3200
Obligated balance, end of year
218
20
3
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
793
849
893
Outlays, gross:
4010
Outlays from new discretionary authority
667
730
768
4011
Outlays from discretionary balances
131
293
119
4020
Outlays, gross (total)
798
1,023
887
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–788
–849
–893
Additional offsets against gross budget authority only:
4050
Change in uncollected pymts, Fed sources, unexpired
–5
4060
Additional offsets against budget authority only (total)
–5
4080
Outlays, net (discretionary)
10
174
–6
4180
Budget authority, net (total)
4190
Outlays, net (total)
10
174
–6
The Treasury Franchise Fund (the Fund) was established by P.L. 104–208, made permanent by P.L. 108–447, and codified as 31
U.S.C. 322, note. The Fund is revolving in nature and provides financial management, procurement, travel, human resources,
and information technology services through its four business lines: the Administrative Resource Center (ARC) Administrative
Services, ARC Information Technology Services, Treasury Shared Services Programs (TSSP), and Centralized Treasury Administrative
Services (CTAS). Services are provided to Federal customers on a reimbursable, fee-for-service basis.
Object Classification (in millions of dollars)
Identification code 020–4560–0–4–803
2020 actual
2021 est.
2022 est.
Reimbursable obligations:
Personnel compensation:
11.1
Full-time permanent
178
185
193
11.3
Other than full-time permanent
1
1
1
11.5
Other personnel compensation
7
5
5
11.9
Total personnel compensation
186
191
199
12.1
Civilian personnel benefits
66
70
72
21.0
Travel and transportation of persons
2
2
23.1
Rental payments to GSA
30
32
33
23.3
Communications, utilities, and miscellaneous charges
79
87
88
25.1
Advisory and assistance services
171
121
128
25.2
Other services from non-Federal sources
37
31
32
25.3
Other goods and services from Federal sources
147
149
157
25.4
Operation and maintenance of facilities
2
2
25.7
Operation and maintenance of equipment
81
114
125
26.0
Supplies and materials
3
3
3
31.0
Equipment
47
44
50
32.0
Land and structures
3
1
1
99.0
Reimbursable obligations
850
847
892
99.5
Adjustment for rounding
2
2
1
99.9
Total new obligations, unexpired accounts
852
849
893
Employment Summary
Identification code 020–4560–0–4–803
2020 actual
2021 est.
2022 est.
2001
Reimbursable civilian full-time equivalent employment
1,945
2,154
2,219
Exchange Stabilization Fund
Program and Financing (in millions of dollars)
Identification code 020–4444–0–3–155
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Exchange Stabilization Fund (Direct)
1,892
0002
Money Market Mutual Fund Liquidity Facility (MMLF)
10,000
0003
Commercial Paper Funding Facility (CPFF)
10,000
0900
Total new obligations, unexpired accounts
21,892
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
39,773
21,101
41,329
1021
Recoveries of prior year unpaid obligations
396
8,500
1026
Adjustment for change in allocation of trust fund limitation or foreign exchange valuation
2,685
1050
Unobligated balance (total)
42,854
29,601
41,329
Budget authority:
Spending authority from offsetting collections, mandatory:
1800
Collected
139
11,728
23
1930
Total budgetary resources available
42,993
41,329
41,352
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
21,101
41,329
41,352
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
53,421
63,417
54,917
3010
New obligations, unexpired accounts
21,892
3020
Outlays (gross)
–11,500
3040
Recoveries of prior year unpaid obligations, unexpired
–396
–8,500
3050
Unpaid obligations, end of year
63,417
54,917
54,917
Memorandum (non-add) entries:
3100
Obligated balance, start of year
53,421
63,417
54,917
3200
Obligated balance, end of year
63,417
54,917
54,917
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
139
11,728
23
Outlays, gross:
4101
Outlays from mandatory balances
11,500
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4121
Interest on Federal securities
–170
–18
–13
4123
Non-Federal sources
31
–11,710
–10
4130
Offsets against gross budget authority and outlays (total)
–139
–11,728
–23
4170
Outlays, net (mandatory)
11,361
–11,728
–23
4180
Budget authority, net (total)
4190
Outlays, net (total)
11,361
–11,728
–23
Memorandum (non-add) entries:
5000
Total investments, SOY: Federal securities: Par value
22,622
11,170
23,426
5001
Total investments, EOY: Federal securities: Par value
11,170
23,426
23,793
5010
Total investments, SOY: non-Fed securities: Market value
47
5011
Total investments, EOY: non-Fed securities: Market value
47
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. U.S. holdings of Special Drawing Rights (SDRs) are
credited to the account of, and administered as part of 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. In the wake of the COVID-19 pandemic, Treasury used funds in the ESF
to invest and provide other support to the Commercial Paper Funding Facility (CPFF) and the Money Market Mutual Fund Liquidity
Facility (MMLF) in order to enhance liquidity and support American workers, households, and businesses. The investments in
these two Federal Reserve facilities will be repaid in 2021, and the ESF may receive interest and other earnings from these
transactions.
The amounts reflected in 2022 estimates entail only projected net interest earnings on ESF assets. The estimates are subject
to considerable variance, depending on changes in the amount and composition of assets and the interest rates applied to investments.
In addition, these estimates make no attempt to forecast gains or losses on SDR valuation or foreign currency valuation.
Balance Sheet (in millions of dollars)
Identification code 020–4444–0–3–155
2019 actual
2020 actual
ASSETS:
Federal assets:
Investments in U.S. securities:
1102
Treasury securities, par
22,622
22,622
1106
Receivables, net
1201
Non-Federal assets: Foreign Currency Investments
20,646
20,646
1801
Other Federal assets: Special Drawing Rights
50,054
50,054
1999
Total assets
93,322
93,322
LIABILITIES:
2207
Non-Federal liabilities: Other
53,421
53,421
NET POSITION:
3100
Unexpended appropriations
200
200
3300
Cumulative results of operations
39,701
39,701
3999
Total net position
39,901
39,901
4999
Total liabilities and net position
93,322
93,322
Object Classification (in millions of dollars)
Identification code 020–4444–0–3–155
2020 actual
2021 est.
2022 est.
Direct obligations:
25.2
Other services from non-Federal sources
1,892
33.0
Investments and loans
20,000
99.9
Total new obligations, unexpired accounts
21,892
Economic Stabilization Program Account
Program and Financing (in millions of dollars)
Identification code 020–1889–0–1–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Administrative Expenses
16
25
20
Credit program obligations:
0701
Direct loan subsidy
23,943
84
0703
Subsidy for modifications of direct loans
7,880
8
0705
Reestimates of direct loan subsidy
309
0706
Interest on reestimates of direct loan subsidy
597
0791
Direct program activities, subtotal
31,823
998
0900
Total new obligations, unexpired accounts
31,839
1,023
20
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
468,136
780
1021
Recoveries of prior year unpaid obligations
11,557
1050
Unobligated balance (total)
479,693
780
Budget authority:
Appropriations, discretionary:
1120
Appropriations transferred to other acct [020–1893]
–25
Appropriations, mandatory:
1200
Appropriation
500,000
906
1220
Appropriations transferred to other acct [020–1893]
–25
1230
Appropriations and/or unobligated balance of appropriations permanently reduced
–478,796
1260
Appropriations, mandatory (total)
499,975
–477,890
1900
Budget authority (total)
499,975
–477,890
–25
1930
Total budgetary resources available
499,975
1,803
755
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
468,136
780
735
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
12,508
449
3010
New obligations, unexpired accounts
31,839
1,023
20
3020
Outlays (gross)
–19,331
–1,525
3040
Recoveries of prior year unpaid obligations, unexpired
–11,557
3050
Unpaid obligations, end of year
12,508
449
469
Memorandum (non-add) entries:
3100
Obligated balance, start of year
12,508
449
3200
Obligated balance, end of year
12,508
449
469
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
–25
Outlays, gross:
4010
Outlays from new discretionary authority
–25
Mandatory:
4090
Budget authority, gross
499,975
–477,890
Outlays, gross:
4100
Outlays from new mandatory authority
19,331
4101
Outlays from mandatory balances
1,525
25
4110
Outlays, gross (total)
19,331
1,525
25
4180
Budget authority, net (total)
499,975
–477,890
–25
4190
Outlays, net (total)
19,331
1,525
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 020–1889–0–1–376
2020 actual
2021 est.
2022 est.
Direct loan levels supportable by subsidy budget authority:
115001
13(3) Municipal Liquidity Facility
35,000
115002
13(3) Main Street Lending Program
75,000
115003
13(3) Term Asset-Backed Securities Loan Facility
10,000
115004
13(3) Corporate Credit Facilities
75,000
115005
Businesses Critical to National Security
700
36
115006
Passenger Carriers, Large
14,655
1,587
115007
Passenger Carriers, Small
325
115008
MRO and Ticketing Agencies
40
115009
Cargo Carriers
2
115999
Total direct loan levels
210,355
1,990
Direct loan subsidy (in percent):
132001
13(3) Municipal Liquidity Facility
0.00
0.00
0.00
132002
13(3) Main Street Lending Program
23.54
0.00
0.00
132003
13(3) Term Asset-Backed Securities Loan Facility
1.26
0.00
0.00
132004
13(3) Corporate Credit Facilities
5.95
0.00
0.00
132005
Businesses Critical to National Security
45.56
4.70
0.00
132006
Passenger Carriers, Large
9.42
4.75
0.00
132007
Passenger Carriers, Small
0.00
1.11
0.00
132008
MRO and Ticketing Agencies
0.00
8.62
0.00
132009
Cargo Carriers
0.00
7.75
0.00
132999
Weighted average subsidy rate
11.38
4.24
0.00
Direct loan subsidy budget authority:
133002
13(3) Main Street Lending Program
17,656
133003
13(3) Term Asset-Backed Securities Loan Facility
126
133004
13(3) Corporate Credit Facilities
4,461
133005
Businesses Critical to National Security
319
2
133006
Passenger Carriers, Large
1,381
75
133007
Passenger Carriers, Small
4
133008
MRO and Ticketing Agencies
3
133999
Total subsidy budget authority
23,943
84
Direct loan subsidy outlays:
134002
13(3) Main Street Lending Program
16,711
8
134003
13(3) Term Asset-Backed Securities Loan Facility
126
134004
13(3) Corporate Credit Facilities
1,066
134005
Businesses Critical to National Security
112
209
134006
Passenger Carriers, Large
148
75
134007
Passenger Carriers, Small
4
134008
MRO and Ticketing Agencies
3
134999
Total subsidy outlays
18,163
299
Direct loan reestimates:
135001
13(3) Municipal Liquidity Facility
454
135002
13(3) Main Street Lending Program
–13,367
135003
13(3) Term Asset-Backed Securities Loan Facility
96
135004
13(3) Corporate Credit Facilities
–269
135005
Businesses Critical to National Security
–47
135006
Passenger Carriers, Large
9
135999
Total direct loan reestimates
–13,124
Administrative expense data:
3580
Outlays from balances
25
The CARES Act (P.L. 116–136) authorized the Department of the Treasury to make up to $500 billion in loans and other investments
in support of and to provide liquidity to eligible businesses, nonprofits, states, and municipalities impacted by the COVID-19
pandemic. This included investments in facilities established by the Board of Governors of the Federal Reserve System pursuant
to Section 13(3) of the Federal Reserve Act to provide liquidity to the financial system. The CARES Act also authorized Treasury
to use up to $46 billion of these funds to make loans to passenger and cargo air carriers, certain other aviation businesses,
and businesses critical to maintaining national security. As required by the Federal Credit Reform Act of 1990, as amended,
this account records the subsidy costs associated with these loans and investments, which are estimated on a present value
basis. The Consolidated Appropriations Act, 2021 (P.L. 116–260) rescinded this authority, though any loans and investments
already made will remain active until obligations are fully liquidated.
Object Classification (in millions of dollars)
Identification code 020–1889–0–1–376
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
1
3
2
12.1
Civilian personnel benefits
1
25.1
Advisory and assistance services
11
14
13
25.3
Other goods and services from Federal sources
3
7
5
41.0
Grants, subsidies, and contributions
31,823
998
99.0
Direct obligations
31,838
1,023
20
99.5
Adjustment for rounding
1
99.9
Total new obligations, unexpired accounts
31,839
1,023
20
Employment Summary
Identification code 020–1889–0–1–376
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
11
12
9
Economic Stabilization Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 020–4447–0–3–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
Credit program obligations:
0710
Direct loan obligations
210,355
1,990
0713
Payment of interest to Treasury
3,107
1,647
1,931
0741
Modification savings
1,163
0742
Downward reestimates paid to receipt accounts
14,024
0743
Interest on downward reestimates
6
0900
Total new obligations, unexpired accounts
214,625
17,667
1,931
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
4,314
1021
Recoveries of prior year unpaid obligations
102,452
1024
Unobligated balance of borrowing authority withdrawn
–90,457
1050
Unobligated balance (total)
11,995
4,314
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
188,524
20,657
1,931
1424
Capital transfers of borrowing authority to general fund
–1
1440
Borrowing authority, mandatory (total)
188,524
20,656
1,931
Spending authority from offsetting collections, mandatory:
1800
Collected
21,487
64,142
1801
Change in uncollected payments, Federal sources
12,497
–11,995
1825
Spending authority from offsetting collections applied to repay debt
–7,883
–62,817
1850
Spending auth from offsetting collections, mand (total)
26,101
–10,670
1900
Budget authority (total)
214,625
9,986
1,931
1930
Total budgetary resources available
214,625
21,981
6,245
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
4,314
4,314
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
106,035
8,706
3010
New obligations, unexpired accounts
214,625
17,667
1,931
3020
Outlays (gross)
–108,590
–12,544
–1,931
3040
Recoveries of prior year unpaid obligations, unexpired
–102,452
3050
Unpaid obligations, end of year
106,035
8,706
8,706
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–12,497
–502
3070
Change in uncollected pymts, Fed sources, unexpired
–12,497
11,995
3090
Uncollected pymts, Fed sources, end of year
–12,497
–502
–502
Memorandum (non-add) entries:
3100
Obligated balance, start of year
93,538
8,204
3200
Obligated balance, end of year
93,538
8,204
8,204
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
214,625
9,986
1,931
Financing disbursements:
4110
Outlays, gross (total)
108,590
12,544
1,931
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources
–19,326
–1,205
4122
Interest on uninvested funds
–2,160
4123
Non-Federal sources
–1
–62,937
4130
Offsets against gross budget authority and outlays (total)
–21,487
–64,142
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
–12,497
11,995
4160
Budget authority, net (mandatory)
180,641
–42,161
1,931
4170
Outlays, net (mandatory)
87,103
–51,598
1,931
4180
Budget authority, net (total)
180,641
–42,161
1,931
4190
Outlays, net (total)
87,103
–51,598
1,931
Status of Direct Loans (in millions of dollars)
Identification code 020–4447–0–3–376
2020 actual
2021 est.
2022 est.
Position with respect to appropriations act limitation on obligations:
1111
Direct loan obligations from current-year authority
210,355
1,990
1150
Total direct loan obligations
210,355
1,990
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
104,320
46,956
1231
Disbursements: Direct loan disbursements
104,320
5,573
1251
Repayments: Repayments and prepayments
–62,937
1290
Outstanding, end of year
104,320
46,956
46,956
As authorized by the Coronavirus Aid, Relief, and Economic Security Act (P.L. 116–136) 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 and other investments obligated in FY 2020 and FY 2021, including modifications of those direct loans. The amounts
in this account are a means of financing and are not included in the Budget totals.
Balance Sheet (in millions of dollars)
Identification code 020–4447–0–3–376
2019 actual
2020 actual
ASSETS:
1401
Net value of assets related to post-1991 direct loans receivable: Direct loans receivable, gross
104,320
1999
Total assets
104,320
Manufacturing Financing Program Account
Manufacturing Financing Program Account
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0138–4–1–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Administrative Expenses
47
Credit program obligations:
0701
Direct loan subsidy
3,603
0900
Total new obligations, unexpired accounts
3,650
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
10,000
1900
Budget authority (total)
10,000
1930
Total budgetary resources available
10,000
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
6,350
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
3,650
3020
Outlays (gross)
–3,650
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
10,000
Outlays, gross:
4100
Outlays from new mandatory authority
3,650
4180
Budget authority, net (total)
10,000
4190
Outlays, net (total)
3,650
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 020–0138–4–1–376
2020 actual
2021 est.
2022 est.
Direct loan levels supportable by subsidy budget authority:
115001
Manufacturing Financing (Legislative Proposal)
11,259
Direct loan subsidy (in percent):
132001
Manufacturing Financing (Legislative Proposal)
0.00
0.00
32.00
132999
Weighted average subsidy rate
0.00
0.00
32.00
Direct loan subsidy budget authority:
133001
Manufacturing Financing (Legislative Proposal)
3,603
Direct loan subsidy outlays:
134001
Manufacturing Financing (Legislative Proposal)
3,603
The Budget proposes legislation as part of the American Jobs Plan establishing a manufacturing financing facility to support
increasing the size, competitiveness, and innovation of the U.S. manufacturing sector. The program will provide capital support
including direct lending, loan guarantees, and potentially public-private risk-sharing models. Investments under the facility
will attract private capital where risk otherwise precludes sufficient private market participation and will target building
of long-term sustainable, globally competitive manufacturing production.
Object Classification (in millions of dollars)
Identification code 020–0138–4–1–376
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
5
11.3
Other than full-time permanent
1
11.5
Other personnel compensation
1
11.9
Total personnel compensation
7
12.1
Civilian personnel benefits
2
25.1
Advisory and assistance services
25
25.3
Other goods and services from Federal sources
10
25.7
Operation and maintenance of equipment
3
41.0
Grants, subsidies, and contributions
3,603
99.9
Total new obligations, unexpired accounts
3,650
Employment Summary
Identification code 020–0138–4–1–376
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
35
Manufacturing Financing Financing Account
Manufacturing Financing Financing Account
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–4412–4–3–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
Credit program obligations:
0710
Direct loan obligations
11,259
0713
Payment of interest to Treasury
54
0900
Total new obligations, unexpired accounts
11,313
Budgetary resources:
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
7,710
Spending authority from offsetting collections, mandatory:
1800
Collected
3,603
1900
Budget authority (total)
11,313
1930
Total budgetary resources available
11,313
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
11,313
3020
Outlays (gross)
–11,313
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
11,313
Financing disbursements:
4110
Outlays, gross (total)
11,313
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources
–3,603
4180
Budget authority, net (total)
7,710
4190
Outlays, net (total)
7,710
Status of Direct Loans (in millions of dollars)
Identification code 020–4412–4–3–376
2020 actual
2021 est.
2022 est.
Position with respect to appropriations act limitation on obligations:
1111
Direct loan obligations from current-year authority
11,259
1150
Total direct loan obligations
11,259
Cumulative balance of direct loans outstanding:
1231
Disbursements: Direct loan disbursements
11,259
1290
Outstanding, end of year
11,259
Air Carrier Worker Support
Program and Financing (in millions of dollars)
Identification code 020–1894–0–1–402
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Administrative Expenses
7
11
10
0002
Passenger Air Carrier Worker Relief
24,955
28,935
0003
Cargo Air Carrier Worker Relief
844
0004
Air Carrier Contractor Worker Relief
2,400
2,600
0900
Total new obligations, unexpired accounts
28,206
31,546
10
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
3,794
3,248
Budget authority:
Appropriations, mandatory:
1200
Appropriation
32,000
31,000
1930
Total budgetary resources available
32,000
34,794
3,248
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
3,794
3,248
3,238
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
65
65
3010
New obligations, unexpired accounts
28,206
31,546
10
3020
Outlays (gross)
–28,141
–31,546
–10
3050
Unpaid obligations, end of year
65
65
65
Memorandum (non-add) entries:
3100
Obligated balance, start of year
65
65
3200
Obligated balance, end of year
65
65
65
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
32,000
31,000
Outlays, gross:
4100
Outlays from new mandatory authority
28,141
30,935
4101
Outlays from mandatory balances
611
10
4110
Outlays, gross (total)
28,141
31,546
10
4180
Budget authority, net (total)
32,000
31,000
4190
Outlays, net (total)
28,141
31,546
10
The Coronavirus Aid, Relief, and Economic Security Act (P.L. 116–136) Section 4112 (CARES Act), Consolidated Appropriations
Act, 2021 (P.L. 116–260) Division N Section 402, and the American Rescue Plan Act of 2021 (P.L. 117–2) Section 7301 each authorized
the Secretary of the Treasury to provide financial assistance to the aviation industry for the continued payment of employee
wages, salaries, and benefits. The CARES Act provided for financial assistance to passenger air carriers, cargo air carriers,
and airline contractors. The two subsequent laws provided for additional financial assistance only for passenger air carriers
and airline contractors.
Object Classification (in millions of dollars)
Identification code 020–1894–0–1–402
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
1
2
3
11.8
Special personal services payments
1
11.9
Total personnel compensation
2
2
3
12.1
Civilian personnel benefits
1
1
25.1
Advisory and assistance services
3
6
3
25.3
Other goods and services from Federal sources
2
2
3
41.0
Grants, subsidies, and contributions
28,199
31,535
99.9
Total new obligations, unexpired accounts
28,206
31,546
10
Employment Summary
Identification code 020–1894–0–1–402
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
8
14
17
Transportation Services Economic Relief
Program and Financing (in millions of dollars)
Identification code 020–0156–0–1–401
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Transportation Assistance Payments
1,950
0002
Administrative Costs
25
25
0900
Total new obligations, unexpired accounts
1,975
25
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
25
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2,000
1930
Total budgetary resources available
2,000
25
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
25
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
1,975
25
3020
Outlays (gross)
–1,975
–25
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
2,000
Outlays, gross:
4100
Outlays from new mandatory authority
1,975
4101
Outlays from mandatory balances
25
4110
Outlays, gross (total)
1,975
25
4180
Budget authority, net (total)
2,000
4190
Outlays, net (total)
1,975
25
The Consolidated Appropriations Act, 2021 (P.L. 116–260) Section 421 authorized the Secretary of the Treasury, in consultation
with the Secretary of Transportation, to make grants available to eligible providers of transportation services that were
negatively impacted by the coronavirus pandemic. This includes eligible companies providing charter, local, commuter, school,
and tour bus services and eligible small passenger vessels (as defined in 46 U.S.C 85, 116, and 2101).
Object Classification (in millions of dollars)
Identification code 020–0156–0–1–401
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
3
3
12.1
Civilian personnel benefits
1
1
25.1
Advisory and assistance services
12
12
25.2
Other services from non-Federal sources
4
4
25.3
Other goods and services from Federal sources
5
5
41.0
Grants, subsidies, and contributions
1,950
99.9
Total new obligations, unexpired accounts
1,975
25
Employment Summary
Identification code 020–0156–0–1–401
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
20
20
Coronavirus Relief Fund
Program and Financing (in millions of dollars)
Identification code 020–1892–0–1–806
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Territories and the District of Columbia
3,000
0002
Tribal Governments
8,000
0003
State and Local Governments
139,000
0004
States and DC (ARP)
195,300
0005
Territories (ARP)
4,500
0006
Tribal Governments (ARP)
20,000
0007
Local - Metro Cities (ARP)
45,570
0008
Local - Counties (ARP)
65,100
0009
Local - Nonentitlement Units (ARP)
19,530
0010
Capital Projects (ARP)
10,000
0011
Local Assistance and Tribal Consistency (ARP)
1,000
0012
Administrative Expenses
25
13
0900
Total new obligations, unexpired accounts
150,000
360,025
1,013
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
2,025
Budget authority:
Appropriations, mandatory:
1200
Appropriation [State Local Tribes etc.]
150,000
350,000
1200
Appropriation [Admin]
50
1200
Appropriation [Capital Projects]
10,000
1200
Appropriation [Local Assistance and Tribal Consistency]
2,000
1260
Appropriations, mandatory (total)
150,000
362,050
1930
Total budgetary resources available
150,000
362,050
2,025
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
2,025
1,012
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
534
76,067
3010
New obligations, unexpired accounts
150,000
360,025
1,013
3020
Outlays (gross)
–149,466
–284,492
–77,080
3050
Unpaid obligations, end of year
534
76,067
Memorandum (non-add) entries:
3100
Obligated balance, start of year
534
76,067
3200
Obligated balance, end of year
534
76,067
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
150,000
362,050
Outlays, gross:
4100
Outlays from new mandatory authority
149,466
283,958
4101
Outlays from mandatory balances
534
77,080
4110
Outlays, gross (total)
149,466
284,492
77,080
4180
Budget authority, net (total)
150,000
362,050
4190
Outlays, net (total)
149,466
284,492
77,080
The Coronavirus Aid, Relief, and Economic Security Act (P.L. 116–136) Section 5001, as amended by the Consolidated Appropriations
Act, 2021 (P.L. 116–260) Section 1001, and the American Rescue Plan Act of 2021 (P.L. 117–2) Section 9901 (ARP) amended the
Social Security Act (42 U.S.C. 301 et seq.) to authorize the Secretary of the Treasury to make payments to states, territories,
tribal governments, and units of local government to assist with expenditures related to, as well as to mitigate the fiscal
effects stemming from, the coronavirus pandemic.
In addition, the ARP established a Coronavirus Capital Projects Fund and a Local Assistance and Tribal Consistency Fund. The
Coronavirus Capital Projects Fund provides payments to states, territories, and tribal governments to carry out critical capital
projects directly enabling work, education, and health monitoring, including remote options, in response to the coronavirus
pandemic. The Local Assistance and Tribal Consistency Fund provides payments to eligible revenue sharing counties and eligible
tribal governments for any governmental purpose other than lobbying activity.
Object Classification (in millions of dollars)
Identification code 020–1892–0–1–806
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
1
3
12.1
Civilian personnel benefits
1
25.1
Advisory and assistance services
13
5
25.2
Other services from non-Federal sources
6
2
25.3
Other goods and services from Federal sources
5
3
41.0
Grants, subsidies, and contributions
150,000
360,000
1,000
99.0
Direct obligations
150,000
360,025
1,014
99.5
Adjustment for rounding
–1
99.9
Total new obligations, unexpired accounts
150,000
360,025
1,013
Employment Summary
Identification code 020–1892–0–1–806
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
10
18
Emergency Rental Assistance
Program and Financing (in millions of dollars)
Identification code 020–0150–0–1–604
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payments to Territories (CAA21)
400
0002
Payments to Tribes and Hawaiian Homeland (CAA21)
800
0003
Payments to States (CAA21)
23,785
0004
Administrative Costs
6
15
0005
States and Other Entities (ARP)
18,712
0006
Territories (ARP)
305
0007
Payments to High-need Grantees (ARP)
2,500
0900
Total new obligations, unexpired accounts
46,508
15
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
39
Budget authority:
Appropriations, mandatory:
1200
Appropriation
46,550
1220
Appropriations transferred to other acct [020–0106]
–3
1260
Appropriations, mandatory (total)
46,547
1930
Total budgetary resources available
46,547
39
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
39
24
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
12,910
3010
New obligations, unexpired accounts
46,508
15
3020
Outlays (gross)
–33,598
–12,925
3050
Unpaid obligations, end of year
12,910
Memorandum (non-add) entries:
3100
Obligated balance, start of year
12,910
3200
Obligated balance, end of year
12,910
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
46,547
Outlays, gross:
4100
Outlays from new mandatory authority
33,598
4101
Outlays from mandatory balances
12,925
4110
Outlays, gross (total)
33,598
12,925
4180
Budget authority, net (total)
46,547
4190
Outlays, net (total)
33,598
12,925
The Consolidated Appropriations Act, 2021 (P.L. 116–260) Division N Section 501 established the Emergency Rental Assistance
fund to provide grants to states, territories, tribes, localities, and other eligible entities to provide financial assistance
and housing stability services to eligible households. These services may include the payment of rent, rental arrears, and
utilities and home energy costs for a specified period of time. The American Rescue Plan Act of 2021 (P.L. 117–2) Section
3201 provided for additional assistance and expanded housing stability services, in addition to allocating a subset of the
funds specifically for high-need grantees in FY 2022 and FY 2023.
Object Classification (in millions of dollars)
Identification code 020–0150–0–1–604
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
1
2
12.1
Civilian personnel benefits
1
1
25.1
Advisory and assistance services
1
2
25.3
Other goods and services from Federal sources
3
10
41.0
Grants, subsidies, and contributions
46,502
99.9
Total new obligations, unexpired accounts
46,508
15
Employment Summary
Identification code 020–0150–0–1–604
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
9
16
Homeowner Assistance Fund
Program and Financing (in millions of dollars)
Identification code 020–0124–0–1–604
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payments to Territories
30
0002
Payments to Tribes
498
0003
Payments to States
9,390
0004
Administrative Costs
5
11
0900
Total new obligations, unexpired accounts
9,923
11
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
35
Budget authority:
Appropriations, mandatory:
1200
Appropriation
9,961
1220
Appropriations transferred to other acct [020–0106]
–3
1260
Appropriations, mandatory (total)
9,958
1930
Total budgetary resources available
9,958
35
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
35
24
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
9,923
11
3020
Outlays (gross)
–9,923
–11
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
9,958
Outlays, gross:
4100
Outlays from new mandatory authority
9,923
4101
Outlays from mandatory balances
11
4110
Outlays, gross (total)
9,923
11
4180
Budget authority, net (total)
9,958
4190
Outlays, net (total)
9,923
11
The American Rescue Plan Act of 2021 (P.L. 117–2) Section 3206 established the Homeowner Assistance Fund to mitigate financial
hardships associated with the coronavirus pandemic by providing funds to states, territories, tribes, and other eligible entities
in order to prevent homeowner mortgage delinquencies, defaults, foreclosures, loss of utilities or home energy services, displacements,
and post-foreclosure evictions.
Object Classification (in millions of dollars)
Identification code 020–0124–0–1–604
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
1
2
12.1
Civilian personnel benefits
1
25.1
Advisory and assistance services
1
2
25.3
Other goods and services from Federal sources
3
6
41.0
Grants, subsidies, and contributions
9,918
99.9
Total new obligations, unexpired accounts
9,923
11
Employment Summary
Identification code 020–0124–0–1–604
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
7
16
State Small Business Credit Initiative
Program and Financing (in millions of dollars)
Identification code 020–0142–0–1–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
SSBCI Program
7,800
0002
Secretary's Priorities
1,500
0003
Tribal Governments
500
0004
Administrative Expenses
22
22
0900
Total new obligations, unexpired accounts
9,822
22
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
178
Budget authority:
Appropriations, mandatory:
1200
Appropriation
10,000
1900
Budget authority (total)
10,000
1930
Total budgetary resources available
10,000
178
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
178
156
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
2
2
2,452
3010
New obligations, unexpired accounts
9,822
22
3020
Outlays (gross)
–7,372
–2,472
3050
Unpaid obligations, end of year
2
2,452
2
Memorandum (non-add) entries:
3100
Obligated balance, start of year
2
2
2,452
3200
Obligated balance, end of year
2
2,452
2
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
10,000
Outlays, gross:
4100
Outlays from new mandatory authority
7,372
4101
Outlays from mandatory balances
2,472
4110
Outlays, gross (total)
7,372
2,472
4180
Budget authority, net (total)
10,000
4190
Outlays, net (total)
7,372
2,472
The American Rescue Plan Act of 2021 (P.L. 117–2) Section 3301 amends the State Small Business Credit Initiative Act of 2010
(12 U.S.C. 4701 et seq.) in order to re-establish the State Small Business Credit Initiative and provide funds to states and
tribal governments through September 29, 2030. The overall purpose of this account is to provide support to small businesses
responding to and recovering from the economic effects of the coronavirus pandemic, ensure business enterprises owned and
controlled by socially and economically disadvantaged individuals have access to credit and investments, and provide technical
assistance to help small businesses applying for various support programs.
Object Classification (in millions of dollars)
Identification code 020–0142–0–1–376
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
5
5
12.1
Civilian personnel benefits
2
2
25.1
Advisory and assistance services
12
12
25.3
Other goods and services from Federal sources
3
3
41.0
Grants, subsidies, and contributions
9,800
99.0
Direct obligations
9,822
22
99.9
Total new obligations, unexpired accounts
9,822
22
Employment Summary
Identification code 020–0142–0–1–376
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
32
32
Special Inspector General for Pandemic Recovery
Program and Financing (in millions of dollars)
Identification code 020–1893–0–1–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Special Inspector General for Pandemic Recovery
1
18
25
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
24
6
Budget authority:
Appropriations, discretionary:
1121
Appropriations transferred from other acct [020–1889]
25
Appropriations, mandatory:
1221
Appropriations transferred from other acct [020–1889]
25
1900
Budget authority (total)
25
25
1930
Total budgetary resources available
25
24
31
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
24
6
6
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
2
3010
New obligations, unexpired accounts
1
18
25
3020
Outlays (gross)
–1
–16
–25
3050
Unpaid obligations, end of year
2
2
Memorandum (non-add) entries:
3100
Obligated balance, start of year
2
3200
Obligated balance, end of year
2
2
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
25
Outlays, gross:
4010
Outlays from new discretionary authority
23
Mandatory:
4090
Budget authority, gross
25
Outlays, gross:
4100
Outlays from new mandatory authority
1
4101
Outlays from mandatory balances
16
2
4110
Outlays, gross (total)
1
16
2
4180
Budget authority, net (total)
25
25
4190
Outlays, net (total)
1
16
25
The Special Inspector General for Pandemic Recovery (SIGPR) was established by Section 4018 of the Coronavirus Aid, Relief,
and Economic Security (CARES) Act.
SIGPR has the duty to conduct, supervise, and coordinate audits, evaluations, and investigations of the making, purchase,
management, and sale of loans, loan guarantees, and other investments made by the Secretary of the Treasury under programs
established by the Secretary, as authorized by Section 4018(c) of the CARES Act, and the management by the Secretary of programs,
as authorized by Section 4018(c) of the CARES Act.
By express incorporation, SIGPR also has the duties, responsibilities, powers, and authorities granted inspectors general
under the Inspector General Act of 1978, including broad subpoena authority.
The role and mission of SIGPR is to safeguard the peoples' tax dollars appropriated by Congress through the CARES Act. SIGPR
strives to ensure that the American taxpayer gets the best return on investment by efficiently rooting out fraud, waste, and
abuse. In carrying out its mission, SIGPR's goal is to treat everyone with respect, to operate with the utmost integrity,
and to be fair, objective, and independent.
The CARES Act provided an initial appropriation of $25 million to SIGPR derived from amounts made available under section
4027. The Budget proposes appropriations language to provide SIGPR an additional $25 million from unobligated balances that
remain available under section 4027. This funding is critical in ensuring that SIGPR's audit and investigative services have
the necessary resources to protect the integrity of CARES Act funds.
Object Classification (in millions of dollars)
Identification code 020–1893–0–1–376
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
6
12
12.1
Civilian personnel benefits
2
5
23.1
Rental payments to GSA
1
1
23.3
Communications, utilities, and miscellaneous charges
1
25.1
Advisory and assistance services
5
25.2
Other services from non-Federal sources
1
25.3
Other goods and services from Federal sources
1
3
5
99.0
Direct obligations
1
17
25
99.5
Adjustment for rounding
1
99.9
Total new obligations, unexpired accounts
1
18
25
Employment Summary
Identification code 020–1893–0–1–376
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
2
66
76
Community Development Financial Institutions Fund Program Account
To carry out the Riegle Community Development and Regulatory Improvement Act of 1994 (subtitle A of title I of Public Law
103–325), including services authorized by section 3109 of title 5, United States Code, but at rates for individuals not to
exceed the per diem rate equivalent to the rate for EX-III, $330,000,000. Of the amount appropriated under this heading—
(1) not less than $217,383,000, notwithstanding section 108(e) of Public Law 103–325 (12 U.S.C. 4707(e)) with regard to Small and/or Emerging Community
Development Financial Institutions Assistance awards, is available until September 30, 2023, for financial assistance and technical assistance under subparagraphs (A) and (B) of section 108(a)(1), respectively, of
Public Law 103–325 (12 U.S.C. 4707(a)(1)(A) and (B)), of which up to $1,600,000 may be available for training and outreach
under section 109 of Public Law 103–325 (12 U.S.C. 4708), of which up to $3,153,750 may be used for the cost of direct loans, of which up to $6,000,000, notwithstanding subsection (d) of section 108 of Public
Law 103–325 (12 U.S.C. 4707 (d)), may be available to provide financial assistance, technical assistance, training, and outreach
to community development financial institutions to expand investments that benefit individuals with disabilities, and of which
not less than $2,000,000 shall be for the Economic Mobility Corps to be operated in conjunction with the Corporation for National
and Community Service, pursuant to 42 U.S.C. 12571: Provided, That the cost of direct and guaranteed loans, including the cost of modifying such loans, shall be as defined in section
502 of the Congressional Budget Act of 1974: Provided further , That these funds are available to subsidize gross obligations for the principal amount of direct loans not to exceed $25,000,000:
Provided further, That of the funds provided under this paragraph, excluding those made to community development financial institutions to
expand investments that benefit individuals with disabilities and those made to community development financial institutions
that serve populations living in persistent poverty counties, the CDFI Fund shall prioritize Financial Assistance awards to
organizations that invest and lend in high-poverty areas: Provided further, That for purposes of this section, the term "high-poverty area" means any census tract with a poverty rate of at least 20
percent as measured by the 2011–2015 5-year data series available from the American Community Survey of the Bureau of the
Census for all States and Puerto Rico or with a poverty rate of at least 20 percent as measured by the 2010 Island areas Decennial
Census data for any territory or possession of the United States;
(2) Not less than $21,500,000, notwithstanding section 108(e) of Public Law 103–325 (12 U.S.C. 4707(e)), is available until September 30, 2023, for financial assistance, technical assistance, training, and outreach programs designed to benefit Native American, Native
Hawaiian, and Alaska Native communities and provided primarily through qualified community development lender organizations
with experience and expertise in community development banking and lending in Indian country, Native American organizations,
Tribes and Tribal organizations, and other suitable providers;
(3) not less than $26,000,000 is available until September 30, 2023, for the Bank Enterprise Award program;
(4) not less than $23,000,000, notwithstanding subsections (d) and (e) of section 108 of Public Law 103–325 (12 U.S.C. 4707(d)
and (e)), is available until September 30, 2023, for a Healthy Food Financing Initiative to provide financial assistance, technical assistance, training, and outreach to
community development financial institutions for the purpose of offering affordable financing and technical assistance to
expand the availability of healthy food options in distressed communities;
(5) not less than $8,500,000 is available until September 30, 2023, to provide grants for loan loss reserve funds and to provide technical assistance for small dollar loan programs under section
122 of Public Law 103–325 (12 U.S.C. 4719): Provided, That sections 108(d) and 122(b)(2) of such Public Law shall not apply to the provision of such grants and technical assistance;
(6) up to $33,617,000 is available until September 30, 2022, for administrative expenses, including administration of CDFI Fund programs and the New Markets Tax Credit Program, of which
not less than $1,000,000 is for the development of tools to better assess and inform CDFI investment performance and CDFI Fund program impacts, and up to $300,000 is for administrative expenses to carry out the direct loan program; and
(7) during fiscal year 2022, none of the funds available under this heading are available for the cost, as defined in section 502 of the Congressional
Budget Act of 1974, of commitments to guarantee bonds and notes under section 114A of the Riegle Community Development and
Regulatory Improvement Act of 1994 (12 U.S.C. 4713a): Provided, That commitments to guarantee bonds and notes under such section 114A shall not exceed $500,000,000: Provided further, That such section 114A shall remain in effect until December 31, 2022: Provided further, That of the funds awarded under this heading, except those provided for the Economic Mobility Corps, not less than 10 percent
shall be used for awards that support investments that serve populations living in persistent poverty counties: Provided further, That for the purposes of this paragraph and paragraph (1), the term "persistent poverty counties" means any county, including
county equivalent areas in Puerto Rico, that has had 20 percent or more of its population living in poverty over the past
30 years, as measured by the 1990 and 2000 decennial censuses and the 2011–2015 5-year data series available from the American
Community Survey of the Bureau of the Census or any other territory or possession of the United States that has had 20 percent
or more of its population living in poverty over the past 30 years, as measured by the 1990, 2000 and 2010 Island Areas Decennial
Censuses, or equivalent data, of the Bureau of the Census.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–1881–0–1–451
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0009
General Administrative Expenses
29
29
34
0012
Financial Assistance
316
165
215
0013
Small Dollar Loan Program
14
8
0014
Native American/Hawaiian Program
30
17
22
0015
Economic Mobility Corps
2
2
0026
Healthy Food Initiative
44
23
23
0028
Bank Enterprise Award
25
52
0050
No Year Account
3
1
0091
Direct program activities, subtotal
444
253
357
Credit program obligations:
0701
Direct loan subsidy
2
3
0705
Reestimates of direct loan subsidy
1
1
0706
Interest on reestimates of direct loan subsidy
7
14
0791
Direct program activities, subtotal
8
17
3
0900
Total new obligations, unexpired accounts
452
270
360
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
194
14
31
1001
Discretionary unobligated balance brought fwd, Oct 1
194
14
1021
Recoveries of prior year unpaid obligations
1
1
1
1050
Unobligated balance (total)
195
15
32
Budget authority:
Appropriations, discretionary:
1100
Appropriation
262
270
330
Appropriations, mandatory:
1200
Appropriation
7
15
1
Spending authority from offsetting collections, discretionary:
1700
Collected
2
1
Spending authority from offsetting collections, mandatory:
1800
Collected
1
1
1900
Budget authority (total)
272
286
332
1930
Total budgetary resources available
467
301
364
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
14
31
4
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
75
266
299
3010
New obligations, unexpired accounts
452
270
360
3020
Outlays (gross)
–259
–236
–494
3040
Recoveries of prior year unpaid obligations, unexpired
–1
–1
–1
3041
Recoveries of prior year unpaid obligations, expired
–1
3050
Unpaid obligations, end of year
266
299
164
Memorandum (non-add) entries:
3100
Obligated balance, start of year
75
266
299
3200
Obligated balance, end of year
266
299
164
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
264
270
331
Outlays, gross:
4010
Outlays from new discretionary authority
21
20
248
4011
Outlays from discretionary balances
231
200
244
4020
Outlays, gross (total)
252
220
492
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–2
–1
4040
Offsets against gross budget authority and outlays (total)
–2
–1
Mandatory:
4090
Budget authority, gross
8
16
1
Outlays, gross:
4100
Outlays from new mandatory authority
7
15
1
4101
Outlays from mandatory balances
1
1
4110
Outlays, gross (total)
7
16
2
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–1
–1
4180
Budget authority, net (total)
269
285
331
4190
Outlays, net (total)
256
235
493
Memorandum (non-add) entries:
5010
Total investments, SOY: non-Fed securities: Market value
17
16
30
5011
Total investments, EOY: non-Fed securities: Market value
16
30
30
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 020–1881–0–1–451
2020 actual
2021 est.
2022 est.
Direct loan levels supportable by subsidy budget authority:
115001
Community Development Financial Institutions Prog Fin Assist.
3
25
25
115002
Bond Guarantee Program
100
500
500
115999
Total direct loan levels
103
525
525
Direct loan subsidy (in percent):
132001
Community Development Financial Institutions Prog Fin Assist.
9.59
9.50
12.61
132002
Bond Guarantee Program
–3.34
0.00
0.00
132999
Weighted average subsidy rate
–2.96
0.45
0.60
Direct loan subsidy budget authority:
133001
Community Development Financial Institutions Prog Fin Assist.
2
3
133002
Bond Guarantee Program
–3
133999
Total subsidy budget authority
–3
2
3
Direct loan subsidy outlays:
134002
Bond Guarantee Program
–4
134999
Total subsidy outlays
–4
Direct loan reestimates:
135001
Community Development Financial Institutions Prog Fin Assist.
2
135002
Bond Guarantee Program
–7
4
135999
Total direct loan reestimates
–7
6
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 and communities. The 2022
Budget provides funding for the CDFI Program, the Healthy Food Financing Initiative, the Native American CDFI Assistance Program,
the Bank Enterprise Award Program, the Americorps CDFI Economic Mobility Corps, and the Small Dollar Loan Program.
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 Budget
proposes an annual commitment authority of $500 million.
Object Classification (in millions of dollars)
Identification code 020–1881–0–1–451
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
10
10
11
12.1
Civilian personnel benefits
3
3
4
25.1
Advisory and assistance services
5
4
2
25.3
Other goods and services from Federal sources
7
9
10
25.7
Operation and maintenance of equipment
2
3
31.0
Equipment
4
5
7
41.0
Grants, subsidies, and contributions
423
236
324
99.0
Direct obligations
452
269
361
99.5
Adjustment for rounding
1
–1
99.9
Total new obligations, unexpired accounts
452
270
360
Employment Summary
Identification code 020–1881–0–1–451
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
70
82
89
Community Development Financial Institutions Fund Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 020–4088–0–3–451
2020 actual
2021 est.
2022 est.
Obligations by program activity:
Credit program obligations:
0710
Direct loan obligations
103
525
525
0713
Payment of interest to Treasury
3
3
3
0715
Payments of interest to FFB
35
35
43
0740
Negative subsidy obligations
3
0742
Downward reestimates paid to receipt accounts
14
9
0900
Total new obligations, unexpired accounts
158
572
571
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
4
2
1
1021
Recoveries of prior year unpaid obligations
43
1023
Unobligated balances applied to repay debt
–4
–2
–1
1024
Unobligated balance of borrowing authority withdrawn
–43
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
123
525
525
Spending authority from offsetting collections, mandatory:
1800
Collected
79
96
105
1825
Spending authority from offsetting collections applied to repay debt
–42
–48
–58
1850
Spending auth from offsetting collections, mand (total)
37
48
47
1900
Budget authority (total)
160
573
572
1930
Total budgetary resources available
160
573
572
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
2
1
1
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
533
423
738
3010
New obligations, unexpired accounts
158
572
571
3020
Outlays (gross)
–225
–257
–330
3040
Recoveries of prior year unpaid obligations, unexpired
–43
3050
Unpaid obligations, end of year
423
738
979
Memorandum (non-add) entries:
3100
Obligated balance, start of year
533
423
738
3200
Obligated balance, end of year
423
738
979
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
160
573
572
Financing disbursements:
4110
Outlays, gross (total)
225
257
330
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources
–7
–15
4122
Interest on uninvested funds
–5
–2
–7
4123
Non-Federal sources - Interest repayments
–31
–36
–45
4123
Non-Federal sources - Principal Repayments
–36
–43
–53
4130
Offsets against gross budget authority and outlays (total)
–79
–96
–105
4160
Budget authority, net (mandatory)
81
477
467
4170
Outlays, net (mandatory)
146
161
225
4180
Budget authority, net (total)
81
477
467
4190
Outlays, net (total)
146
161
225
Status of Direct Loans (in millions of dollars)
Identification code 020–4088–0–3–451
2020 actual
2021 est.
2022 est.
Position with respect to appropriations act limitation on obligations:
1111
Direct loan obligations from current-year authority
103
525
525
1150
Total direct loan obligations
103
525
525
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
1,079
1,213
1,426
1231
Disbursements: Direct loan disbursements
170
257
330
1251
Repayments: Repayments and prepayments
–36
–43
–53
1263
Write-offs for default: Direct loans
–1
–1
1290
Outstanding, end of year
1,213
1,426
1,702
Balance Sheet (in millions of dollars)
Identification code 020–4088–0–3–451
2019 actual
2020 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
4
2
Investments in U.S. securities:
1106
Receivables, net
11
19
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
1,079
1,213
1402
Interest receivable
1405
Allowance for subsidy cost (-)
33
35
1499
Net present value of assets related to direct loans
1,112
1,248
1801
Other Federal assets: Cash and other monetary assets
1999
Total assets
1,127
1,269
LIABILITIES:
Federal liabilities:
2103
Debt
1,114
1,257
2105
Other Liabilities without Related Budgetary Offset
13
12
2999
Total liabilities
1,127
1,269
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
1,127
1,269
Community Development Financial Institutions Fund Program, Emergency Support
Program and Financing (in millions of dollars)
Identification code 020–0160–0–1–451
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
CDFI Grants Economic Impact Rapid Response
1,249
0002
CDFI Grants Economic Impact Underserved Communities
1,738
0003
Administrative
1
3
0900
Total new obligations, unexpired accounts
1,250
1,741
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
1,750
Budget authority:
Appropriations, mandatory:
1200
Appropriation
3,000
1930
Total budgetary resources available
3,000
1,750
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
1,750
9
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
188
3010
New obligations, unexpired accounts
1,250
1,741
3020
Outlays (gross)
–1,062
–1,060
3050
Unpaid obligations, end of year
188
869
Memorandum (non-add) entries:
3100
Obligated balance, start of year
188
3200
Obligated balance, end of year
188
869
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
3,000
Outlays, gross:
4100
Outlays from new mandatory authority
1,062
4101
Outlays from mandatory balances
1,060
4110
Outlays, gross (total)
1,062
1,060
4180
Budget authority, net (total)
3,000
4190
Outlays, net (total)
1,062
1,060
The Consolidated Appropriations Act, 2021 (P. L. 116–260) provided $3 billion to deliver immediate assistance to CDFIs in
communities impacted by the COVID-19 pandemic. In the spring of 2021, the CDFI Fund plans to award $1.25 billion of these
funds through its newly established CDFI Rapid Response Program (CDFI RRP), which is designed to quickly deploy capital to
CDFIs through a streamlined application and review process. Through the CDFI RRP, CDFIs will be provided with resources necessary
to respond to the economic impacts of the COVID-19 pandemic in distressed and underserved communities and people.
To further assist distressed and underserved communities in responding to the economic impacts of the COVID19 pandemic, the
CDFI Fund will also begin the process of making $1.75 billion in funds available to support lending in minority communities
and minority lending institutions through its Minority Lending Program (MLP) in 2022. Of these funds, $1.2 billion is reserved
for award to minority lending institutions, which are CDFIs that are designated as Minority Depository Institutions (MDIs)
or meet other standards for accountability to minority populations as determined by the CDFI Fund; and, $550 million will
be awarded to CDFIs to expand their lending, grant making, or investment activity in low- or moderate-income minority communities
and to minorities that have significant unmet capital or financial service needs.
Object Classification (in millions of dollars)
Identification code 020–0160–0–1–451
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
1
1
12.1
Civilian personnel benefits
1
25.3
Other goods and services from Federal sources
1
41.0
Grants, subsidies, and contributions
1,249
1,738
99.9
Total new obligations, unexpired accounts
1,250
1,741
Employment Summary
Identification code 020–0160–0–1–451
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
7
14
Emergency Capital Investment Fund
Program and Financing (in millions of dollars)
Identification code 020–0161–0–1–451
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Administrative Costs
46
20
0002
Preferred Stock Investments
2,931
0003
Debt Purchases
5,819
0900
Total new obligations, unexpired accounts
8,796
20
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
204
Budget authority:
Appropriations, mandatory:
1200
Appropriation
9,000
1930
Total budgetary resources available
9,000
204
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
204
184
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
8,796
20
3020
Outlays (gross)
–8,796
–20
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
9,000
Outlays, gross:
4100
Outlays from new mandatory authority
8,796
4101
Outlays from mandatory balances
20
4110
Outlays, gross (total)
8,796
20
4180
Budget authority, net (total)
9,000
4190
Outlays, net (total)
8,796
20
The Emergency Capital Investment Program (ECIP) invests in either perpetual preferred equity or subordinated debt (with a
maturity of fifteen years) issued by financial institutions consistent with ECIP's terms. Institutions eligible to participate
must be: 1) Community Development Financial Institutions or Minority Depository Institutions; 2) insured depository institutions,
bank or savings and loan holding companies, or federally-insured credit unions; and 3) supportive of low-and middle-income
communities. Dividend yields or interest paid on ECIP securities decrease when institutions reach lending goals established
at the time of their participation. Division N, Section 522 of the Consolidated Appropriations Act, 2021 (P.L. 116–260) established
ECIP by amending the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4701 et seq.) and provided
$9 billion for the program. Treasury issued an interim final rule for ECIP on March 9, 2021 and on March 22, 2021, the Board
of Governors of the Federal Reserve System (FRB), Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller
of the Currency (OCC) jointly issued an interim final rule for securities issued under ECIP, providing that preferred stock
issued qualifies as additional tier 1 capital and subordinated debt qualifies as tier 2 capital under the FRB/FDIC/OCC capital
rule.
Object Classification (in millions of dollars)
Identification code 020–0161–0–1–451
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
2
2
12.1
Civilian personnel benefits
1
1
23.1
Rental payments to GSA
1
1
25.1
Advisory and assistance services
39
13
25.3
Other goods and services from Federal sources
3
3
41.0
Grants, subsidies, and contributions
8,750
99.9
Total new obligations, unexpired accounts
8,796
20
Employment Summary
Identification code 020–0161–0–1–451
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
12
14
Payment to Capital Magnet Fund
Payment to Capital Magnet Fund
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0143–4–1–451
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment to Capital Magnet Fund
2,400
0900
Total new obligations, unexpired accounts (object class 94.0)
2,400
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2,400
1930
Total budgetary resources available
2,400
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
2,400
3020
Outlays (gross)
–2,400
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
2,400
Outlays, gross:
4100
Outlays from new mandatory authority
2,400
4180
Budget authority, net (total)
2,400
4190
Outlays, net (total)
2,400
Office of Financial Stability
Program and Financing (in millions of dollars)
Identification code 020–0128–0–1–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Office of Financial Stability (Direct)
43
41
37
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
8
1021
Recoveries of prior year unpaid obligations
8
7
1050
Unobligated balance (total)
8
15
Budget authority:
Appropriations, mandatory:
1200
Appropriation
51
41
37
1930
Total budgetary resources available
51
49
52
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–8
1941
Unexpired unobligated balance, end of year
8
15
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
41
30
20
3010
New obligations, unexpired accounts
43
41
37
3011
Obligations ("upward adjustments"), expired accounts
7
3020
Outlays (gross)
–44
–43
–38
3040
Recoveries of prior year unpaid obligations, unexpired
–8
–7
3041
Recoveries of prior year unpaid obligations, expired
–17
3050
Unpaid obligations, end of year
30
20
12
Memorandum (non-add) entries:
3100
Obligated balance, start of year
41
30
20
3200
Obligated balance, end of year
30
20
12
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
51
41
37
Outlays, gross:
4100
Outlays from new mandatory authority
30
28
25
4101
Outlays from mandatory balances
14
15
13
4110
Outlays, gross (total)
44
43
38
4180
Budget authority, net (total)
51
41
37
4190
Outlays, net (total)
44
43
38
The Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) authorized the establishment of the Troubled Asset
Relief Program (TARP) and the Office of Financial Stability (OFS) to purchase and insure certain types of troubled assets
for the purpose of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers.
The Act gave the Secretary of the Treasury broad and flexible authority to purchase and insure mortgages and other troubled
assets, as well as inject capital by taking limited equity positions, as needed to stabilize the financial markets. This account
provides for the administrative costs of OFS, which oversees and manages TARP.
Object Classification (in millions of dollars)
Identification code 020–0128–0–1–376
2020 actual
2021 est.
2022 est.
11.1
Direct obligations: Personnel compensation: Full-time permanent
2
1
1
11.9
Total personnel compensation
2
1
1
12.1
Civilian personnel benefits
1
1
1
25.1
Advisory and assistance services
4
4
3
25.2
Other services from non-Federal sources
30
29
27
25.3
Other goods and services from Federal sources
6
6
5
99.9
Total new obligations, unexpired accounts
43
41
37
Employment Summary
Identification code 020–0128–0–1–376
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
14
11
10
Troubled Asset Relief Program Account
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 020–0132–0–1–376
2020 actual
2021 est.
2022 est.
Direct loan reestimates:
135001
Automotive Industry Financing Program
–73
135999
Total direct loan reestimates
–73
As authorized by the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) and required by the Federal Credit
Reform Act of 1990, as amended, this account records the subsidy costs associated with Troubled Asset Relief Program (TARP)
direct loans obligated and loan guarantees including modifications of direct loans or loan guarantees that resulted from obligations
or commitments in any year. The subsidy amounts are estimated on a present value basis using a risk-adjusted discount rate,
as required by EESA.
The authority to make new financial commitments via TARP expired on October 3, 2010, under the terms of EESA. However, Treasury
can continue to execute commitments entered into before October 3, 2010.
Troubled Asset Relief Program Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 020–4277–0–3–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
Credit program obligations:
0742
Downward reestimates paid to receipt accounts
54
0743
Interest on downward reestimates
19
0900
Total new obligations, unexpired accounts
73
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
73
1930
Total budgetary resources available
73
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
73
3020
Outlays (gross)
–73
Financing authority and disbursements, net:
Mandatory:
Financing disbursements:
4110
Outlays, gross (total)
73
4180
Budget authority, net (total)
4190
Outlays, net (total)
73
As authorized by the Emergency Economic Stabilization Act of 2008 (P.L. 110–343) and required by the Federal Credit Reform
Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from direct
loans obligated in 2008 and beyond including modifications of direct loans that resulted from obligations in any year. The
amounts in this account are a means of financing and are not included in the budget totals.
Balance Sheet (in millions of dollars)
Identification code 020–4277–0–3–376
2019 actual
2020 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
13
13
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
1401
Direct loans receivable, gross
1405
Allowance for subsidy cost (-)
1405
Allowance for subsidy cost (-)
1499
Net present value of assets related to direct loans
1999
Total assets
13
13
LIABILITIES:
Federal liabilities:
2104
Resources payable to Treasury
13
13
2105
Other
2999
Total upward reestimate subsidy BA [20–0132]
13
13
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
13
13
Troubled Asset Relief Program Equity Purchase Program
Program and Financing (in millions of dollars)
Identification code 020–0134–0–1–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
Credit program obligations:
0705
Reestimates of direct loan subsidy
3
2
0706
Interest on reestimates of direct loan subsidy
4
3
0900
Total new obligations, unexpired accounts (object class 41.0)
7
5
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
7
5
1930
Total budgetary resources available
7
5
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
7
5
3020
Outlays (gross)
–7
–5
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
7
5
Outlays, gross:
4100
Outlays from new mandatory authority
7
5
4180
Budget authority, net (total)
7
5
4190
Outlays, net (total)
7
5
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 020–0134–0–1–376
2020 actual
2021 est.
2022 est.
Direct loan reestimates:
135001
Capital Purchase Program
4
–3
135006
Community Development Capital Initiative
3
5
135999
Total direct loan reestimates
7
2
As authorized by the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) and required by the Federal Credit
Reform Act of 1990, as amended, this account records the subsidy costs associated with TARP equity purchase obligations (including
modifications of equity purchases that resulted from obligations in any year). The subsidy amounts are estimated on a present
value basis using a risk-adjusted discount rate, as required by EESA.
The authority to make new financial commitments via TARP expired on October 3, 2010, under the terms of EESA. However, Treasury
can continue to execute commitments entered into before October 3, 2010.
Troubled Asset Relief Program Equity Purchase Financing Account
Program and Financing (in millions of dollars)
Identification code 020–4278–0–3–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
Credit program obligations:
0713
Payment of interest to Treasury
1
1
0742
Downward reestimates paid to receipt accounts
1
0743
Interest on downward reestimates
2
0900
Total new obligations, unexpired accounts
1
4
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
5
4
5
1023
Unobligated balances applied to repay debt
–2
1050
Unobligated balance (total)
3
4
5
Financing authority:
Spending authority from offsetting collections, mandatory:
1800
Collected
12
13
3
1825
Spending authority from offsetting collections applied to repay debt
–10
–8
–3
1850
Spending auth from offsetting collections, mand (total)
2
5
1900
Budget authority (total)
2
5
1930
Total budgetary resources available
5
9
5
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
4
5
5
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
3
3010
New obligations, unexpired accounts
1
4
3020
Outlays (gross)
–1
–1
3050
Unpaid obligations, end of year
3
3
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3
3200
Obligated balance, end of year
3
3
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
2
5
Financing disbursements:
4110
Outlays, gross (total)
1
1
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources
–6
–5
4123
Dividends
–6
–1
–1
4123
Redemption
–7
–2
4130
Offsets against gross budget authority and outlays (total)
–12
–13
–3
4160
Budget authority, net (mandatory)
–10
–8
–3
4170
Outlays, net (mandatory)
–11
–12
–3
4180
Budget authority, net (total)
–10
–8
–3
4190
Outlays, net (total)
–11
–12
–3
Status of Direct Loans (in millions of dollars)
Identification code 020–4278–0–3–376
2020 actual
2021 est.
2022 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
40
23
1
1251
Repayments: Repayments and prepayments
–5
–8
–1
1263
Write-offs for default: Direct loans
–12
–14
1290
Outstanding, end of year
23
1
As authorized by the Emergency Economic Stabilization Act of 2008 (P.L. 110–343) and required by the Federal Credit Reform
Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from equity
purchases obligated in 2008 and beyond including modifications of equity purchases that resulted from obligations in any year.
The amounts in this account are a means of financing and are not included in the budget totals.
Balance Sheet (in millions of dollars)
Identification code 020–4278–0–3–376
2019 actual
2020 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
5
4
Investments in U.S. securities:
1106
Receivables, net
Non-Federal assets:
1201
Investments in non-Federal securities, net
1206
Receivables, net
7
2
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
40
23
1405
Allowance for subsidy cost (-)
–5
–7
1405
Allowance for subsidy cost (-)
–12
1499
Net present value of assets related to direct loans
23
16
1999
Total assets
35
22
LIABILITIES:
Federal liabilities:
2103
Debt
35
22
2105
Other
2999
Total liabilities
35
22
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
35
22
Troubled Asset Relief Program, Housing Programs
Program and Financing (in millions of dollars)
Identification code 020–0136–0–1–604
2020 actual
2021 est.
2022 est.
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
91
91
1021
Recoveries of prior year unpaid obligations
559
1031
Other balances not available
–559
1033
Recoveries of prior year paid obligations
91
1050
Unobligated balance (total)
91
91
91
1930
Total budgetary resources available
91
91
91
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
91
91
91
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
3,013
1,694
964
3020
Outlays (gross)
–760
–730
–508
3040
Recoveries of prior year unpaid obligations, unexpired
–559
3050
Unpaid obligations, end of year
1,694
964
456
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3,013
1,694
964
3200
Obligated balance, end of year
1,694
964
456
Budget authority and outlays, net:
Mandatory:
Outlays, gross:
4101
Outlays from mandatory balances
760
730
508
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–91
Additional offsets against gross budget authority only:
4143
Recoveries of prior year paid obligations, unexpired accounts
91
4170
Outlays, net (mandatory)
669
730
508
4180
Budget authority, net (total)
4190
Outlays, net (total)
669
730
508
Memorandum (non-add) entries:
5103
Unexpired unavailable balance, SOY: Fulfilled purpose
12,509
13,069
12,509
5104
Unexpired unavailable balance, EOY: Fulfilled purpose
13,069
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
2020 actual
2021 est.
2022 est.
Guaranteed loan reestimates:
235001
FHA Refi Letter of Credit
–1
–1
Treasury's Home Affordable Modification Program (HAMP) offered mortgage modifications to homeowners at risk of foreclosure
under the authority of sections 101 and 109 of the Emergency Economic Stabilization Act of 2008, as amended (EESA) (P.L. 110–343).
HAMP closed to new applications on December 30, 2016, but incentive payments continue to be made on modifications entered
into on or before December 1, 2017. Additionally, the Hardest Hit Fund has allocated $9.6 billion under EESA to State housing
finance agencies in 18 States and the District of Columbia for foreclosure prevention programs. Funds under EESA also support
a Federal Housing Administration (FHA) refinance program that helps homeowners refinance into a new FHA-insured loan if their
existing mortgage holders agree to write down principal.
Troubled Asset Relief Program, Housing Programs, Letter of Credit Financing Account
Program and Financing (in millions of dollars)
Identification code 020–4329–0–3–371
2020 actual
2021 est.
2022 est.
Obligations by program activity:
Credit program obligations:
0742
Downward reestimates paid to receipt accounts
1
1
0900
Total new obligations, unexpired accounts
1
1
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
2
1
1930
Total budgetary resources available
2
1
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
1
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
1
1
3020
Outlays (gross)
–1
–1
Financing authority and disbursements, net:
Mandatory:
Financing disbursements:
4110
Outlays, gross (total)
1
1
4180
Budget authority, net (total)
4190
Outlays, net (total)
1
1
Status of Guaranteed Loans (in millions of dollars)
Identification code 020–4329–0–3–371
2020 actual
2021 est.
2022 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
159
135
111
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
135
111
87
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
55
55
55
Balance Sheet (in millions of dollars)
Identification code 020–4329–0–3–371
2019 actual
2020 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
3
3
1999
Total assets
3
3
LIABILITIES:
2104
Federal liabilities: Resources payable to Treasury
2
2
2204
Non-Federal liabilities: Liabilities for loan guarantees
1
1
2999
Total liabilities
3
3
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
3
3
special inspector general for the troubled asset relief program
salaries and expenses
For necessary expenses of the Office of the Special Inspector General in carrying out the provisions of the Emergency Economic
Stabilization Act of 2008 (Public Law 110–343), $17,000,000.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–0133–0–1–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Special Inspector General for the Troubled Asset Relief Program (Direct)
23
19
17
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
15
15
15
1021
Recoveries of prior year unpaid obligations
1
1050
Unobligated balance (total)
16
15
15
Budget authority:
Appropriations, discretionary:
1100
Appropriation
22
19
17
1900
Budget authority (total)
22
19
17
1930
Total budgetary resources available
38
34
32
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
15
15
15
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
10
5
5
3010
New obligations, unexpired accounts
23
19
17
3020
Outlays (gross)
–23
–19
–18
3040
Recoveries of prior year unpaid obligations, unexpired
–1
3041
Recoveries of prior year unpaid obligations, expired
–4
3050
Unpaid obligations, end of year
5
5
4
Memorandum (non-add) entries:
3100
Obligated balance, start of year
10
5
5
3200
Obligated balance, end of year
5
5
4
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
22
19
17
Outlays, gross:
4010
Outlays from new discretionary authority
22
15
14
4011
Outlays from discretionary balances
1
4
4
4020
Outlays, gross (total)
23
19
18
4180
Budget authority, net (total)
22
19
17
4190
Outlays, net (total)
23
19
18
The mission of the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) is to prevent
and detect fraud, waste, and abuse in the more than $442 billion in funds and programs from the Emergency Economic Stabilization
Act of 2008 (EESA) (P.L. 110–343) and $2 billion in funds from the Consolidated Appropriations Act of 2016, and to promote
economy, efficiency, effectiveness, and accountability in these economic stability programs. 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 FY 2022 Budget requests $17 million, a reduction of 10.5 percent from the FY 2021 enacted level
of $19 million.
Object Classification (in millions of dollars)
Identification code 020–0133–0–1–376
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
9
6
5
11.3
Other than full-time permanent
2
1
1
11.5
Other personnel compensation
1
1
1
11.9
Total personnel compensation
12
8
7
12.1
Civilian personnel benefits
3
3
2
25.1
Advisory and assistance services
1
1
1
25.3
Other goods and services from Federal sources
7
7
7
99.0
Direct obligations
23
19
17
99.9
Total new obligations, unexpired accounts
23
19
17
Employment Summary
Identification code 020–0133–0–1–376
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
80
74
68
Small Business Lending Fund Program Account
Program and Financing (in millions of dollars)
Identification code 020–0141–0–1–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
Credit program obligations:
0705
Reestimates of direct loan subsidy
3
0706
Interest on reestimates of direct loan subsidy
1
0709
Administrative expenses
2
3
3
0900
Total new obligations, unexpired accounts
6
3
3
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
6
3
3
1900
Budget authority (total)
6
3
3
1930
Total budgetary resources available
6
3
3
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
8
8
6
3010
New obligations, unexpired accounts
6
3
3
3020
Outlays (gross)
–6
–5
–5
3050
Unpaid obligations, end of year
8
6
4
Memorandum (non-add) entries:
3100
Obligated balance, start of year
8
8
6
3200
Obligated balance, end of year
8
6
4
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
6
3
3
Outlays, gross:
4100
Outlays from new mandatory authority
6
3
3
4101
Outlays from mandatory balances
2
2
4110
Outlays, gross (total)
6
5
5
4180
Budget authority, net (total)
6
3
3
4190
Outlays, net (total)
6
5
5
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 020–0141–0–1–376
2020 actual
2021 est.
2022 est.
Direct loan reestimates:
135001
Small Business Lending Fund Investments
4
–1
Administrative expense data:
3510
Budget authority
6
6
6
3580
Outlays from balances
2
2
2
3590
Outlays from new authority
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 March 1, 2021, 322 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. Community bank
participants are generally expected to end their participation in 2021, although because Treasury holds perpetual preferred
shares in these banks, they are not required to redeem.
Object Classification (in millions of dollars)
Identification code 020–0141–0–1–376
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
1
1
1
25.1
Advisory and assistance services
2
2
25.3
Other goods and services from Federal sources
1
41.0
Grants, subsidies, and contributions
4
99.0
Direct obligations
6
3
3
99.9
Total new obligations, unexpired accounts
6
3
3
Employment Summary
Identification code 020–0141–0–1–376
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
3
3
3
Small Business Lending Fund Financing Account
Program and Financing (in millions of dollars)
Identification code 020–4349–0–3–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
Credit program obligations:
0713
Payment of interest to Treasury
2
1
0742
Downward reestimates paid to receipt accounts
1
0900
Total new obligations, unexpired accounts
2
2
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
100
2
1023
Unobligated balances applied to repay debt
–100
1050
Unobligated balance (total)
2
Financing authority:
Spending authority from offsetting collections, mandatory:
1800
Collected
10
46
1825
Spending authority from offsetting collections applied to repay debt
–6
–46
1850
Spending auth from offsetting collections, mand (total)
4
1930
Total budgetary resources available
4
2
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
2
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
3010
New obligations, unexpired accounts
2
2
3020
Outlays (gross)
–2
–1
3050
Unpaid obligations, end of year
1
1
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
3200
Obligated balance, end of year
1
1
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
4
Financing disbursements:
4110
Outlays, gross (total)
2
1
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources - Upward Reestimates
–4
4122
Interest on uninvested funds
–1
4123
Non-Federal sources - Principal
–1
–42
4123
Non-Federal sources - Dividends
–4
–4
4130
Offsets against gross budget authority and outlays (total)
–10
–46
4160
Budget authority, net (mandatory)
–6
–46
4170
Outlays, net (mandatory)
–8
–45
4180
Budget authority, net (total)
–6
–46
4190
Outlays, net (total)
–8
–45
Status of Direct Loans (in millions of dollars)
Identification code 020–4349–0–3–376
2020 actual
2021 est.
2022 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
82
81
1251
Repayments: Repayments and prepayments
–1
–42
1263
Write-offs for default: Direct loans
–39
1290
Outstanding, end of year
81
Balance Sheet (in millions of dollars)
Identification code 020–4349–0–3–376
2019 actual
2020 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
100
2
Investments in U.S. securities:
1106
Receivables, net
4
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
82
81
1405
Allowance for subsidy cost (-)
–33
–36
1499
Net present value of assets related to direct loans
49
45
1999
Total assets
153
47
LIABILITIES:
2103
Federal liabilities: Debt
153
47
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
153
47
Social Impact Demonstration Projects
Program and Financing (in millions of dollars)
Identification code 020–0146–0–1–506
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Administrative Costs
2
2
0002
Social Impact Demonstration Projects
1
47
36
0900
Total new obligations, unexpired accounts
1
49
38
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
98
97
48
1930
Total budgetary resources available
98
97
48
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
97
48
10
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
46
3010
New obligations, unexpired accounts
1
49
38
3020
Outlays (gross)
–1
–3
–14
3050
Unpaid obligations, end of year
46
70
Memorandum (non-add) entries:
3100
Obligated balance, start of year
46
3200
Obligated balance, end of year
46
70
Budget authority and outlays, net:
Mandatory:
Outlays, gross:
4101
Outlays from mandatory balances
1
3
14
4180
Budget authority, net (total)
4190
Outlays, net (total)
1
3
14
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, measurable, and scalable results, by making payment of funds contingent on positive
outcomes.
Object Classification (in millions of dollars)
Identification code 020–0146–0–1–506
2020 actual
2021 est.
2022 est.
Direct obligations:
25.1
Advisory and assistance services
8
15
25.3
Other goods and services from Federal sources
1
1
41.0
Grants, subsidies, and contributions
41
22
99.0
Direct obligations
50
38
99.5
Adjustment for rounding
1
–1
99.9
Total new obligations, unexpired accounts
1
49
38
Employment Summary
Identification code 020–0146–0–1–506
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
3
3
3
GSE Preferred Stock Purchase Agreements
Program and Financing (in millions of dollars)
Identification code 020–0125–0–1–371
2020 actual
2021 est.
2022 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. For additional discussion
of the GSEs, please see the Analytical Perspectives volume of the Budget.
GSE Mortgage-backed Securities Purchase Program Account
Program and Financing (in millions of dollars)
Identification code 020–0126–0–1–371
2020 actual
2021 est.
2022 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
2020 actual
2021 est.
2022 est.
Direct loan reestimates:
135002
New Issue Bond Program SF
–9
–122
135003
New Issue Bond Program MF
–8
–51
135999
Total direct loan reestimates
–17
–173
The authority for the three programs displayed in this account: Fannie Mae and Freddie Mac's mortgage-backed securities purchase
program, which purchased and then liquidated mortgage backed securities; the Temporary Credit and Liquidity Program, which
provided liquidity to State housing financing agencies (HFAs); and the New Issue Bond Program, which purchased securities
backed by new HFA housing bonds was provided in section 1117 of the Housing and Economic Recovery Act of 2008 (P.L. 110–289).
As required by the Federal Credit Reform Act of 1990 as amended, this account records the subsidy costs associated with these
programs, which are treated as direct loans for budget execution. The subsidy amounts are estimated on a present value basis.
State HFA Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 020–4298–0–3–371
2020 actual
2021 est.
2022 est.
Obligations by program activity:
Credit program obligations:
0713
Payment of interest to Treasury
122
98
98
0742
Downward reestimates paid to receipt accounts
12
114
0743
Interest on downward reestimates
6
59
0900
Total new obligations, unexpired accounts
140
271
98
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
45
137
36
1023
Unobligated balances applied to repay debt
–45
1050
Unobligated balance (total)
137
36
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
18
Spending authority from offsetting collections, mandatory:
1800
Collected
1,584
170
164
1825
Spending authority from offsetting collections applied to repay debt
–1,325
–64
1850
Spending auth from offsetting collections, mand (total)
259
170
100
1900
Budget authority (total)
277
170
100
1930
Total budgetary resources available
277
307
136
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
137
36
38
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
59
3010
New obligations, unexpired accounts
140
271
98
3020
Outlays (gross)
–140
–212
–98
3050
Unpaid obligations, end of year
59
59
Memorandum (non-add) entries:
3100
Obligated balance, start of year
59
3200
Obligated balance, end of year
59
59
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
277
170
100
Financing disbursements:
4110
Outlays, gross (total)
140
212
98
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4122
Interest on uninvested funds
–5
–4
–6
4123
Non-Federal sources - Interest
–104
–71
–70
4123
Non-Federal sources - Principal
–1,475
–95
–88
4130
Offsets against gross budget authority and outlays (total)
–1,584
–170
–164
4160
Budget authority, net (mandatory)
–1,307
–64
4170
Outlays, net (mandatory)
–1,444
42
–66
4180
Budget authority, net (total)
–1,307
–64
4190
Outlays, net (total)
–1,444
42
–66
Status of Direct Loans (in millions of dollars)
Identification code 020–4298–0–3–371
2020 actual
2021 est.
2022 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
4,264
2,789
2,694
1251
Repayments: Repayments and prepayments
–1,475
–95
–88
1290
Outstanding, end of year
2,789
2,694
2,606
Balance Sheet (in millions of dollars)
Identification code 020–4298–0–3–371
2019 actual
2020 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
45
137
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
4,264
2,789
1405
Allowance for subsidy cost (-)
–582
–396
1499
Net present value of assets related to direct loans
3,682
2,393
1999
Total assets
3,727
2,530
LIABILITIES:
Federal liabilities:
2103
Debt
3,709
2,357
2105
Other
18
173
2999
Total liabilities
3,727
2,530
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
3,727
2,530
Trust Funds
Capital Magnet Fund, Community Development Financial Institutions
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–8524–0–7–451
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
8
10
22
Receipts:
Current law:
1130
Affordable Housing Allocation, Capital Magnet Fund
176
383
200
Proposed:
1240
General Fund Payment, Capital Magnet Fund
2,400
1999
Total receipts
176
383
2,600
2000
Total: Balances and receipts
184
393
2,622
Appropriations:
Current law:
2101
Capital Magnet Fund, Community Development Financial Institutions
–176
–383
–200
2103
Capital Magnet Fund, Community Development Financial Institutions
–8
–10
–22
2132
Capital Magnet Fund, Community Development Financial Institutions
10
22
11
2199
Total current law appropriations
–174
–371
–211
Proposed:
2201
Capital Magnet Fund, Community Development Financial Institutions
–2,400
2999
Total appropriations
–174
–371
–2,611
5099
Balance, end of year
10
22
11
Program and Financing (in millions of dollars)
Identification code 020–8524–0–7–451
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
CDFI Allocations
131
175
381
0002
CMF Administration
2
2
2
0900
Total new obligations, unexpired accounts
133
177
383
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
131
173
367
1033
Recoveries of prior year paid obligations
1
1050
Unobligated balance (total)
132
173
367
Budget authority:
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
176
383
200
1203
Appropriation (previously unavailable)(special or trust)
8
10
22
1232
Appropriations and/or unobligated balance of appropriations temporarily reduced
–10
–22
–11
1260
Appropriations, mandatory (total)
174
371
211
1930
Total budgetary resources available
306
544
578
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
173
367
195
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
4
8
3010
New obligations, unexpired accounts
133
177
383
3020
Outlays (gross)
–129
–185
–383
3050
Unpaid obligations, end of year
8
Memorandum (non-add) entries:
3100
Obligated balance, start of year
4
8
3200
Obligated balance, end of year
8
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
174
371
211
Outlays, gross:
4100
Outlays from new mandatory authority
128
10
22
4101
Outlays from mandatory balances
1
175
361
4110
Outlays, gross (total)
129
185
383
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)
174
371
211
4170
Outlays, net (mandatory)
128
185
383
4180
Budget authority, net (total)
174
371
211
4190
Outlays, net (total)
128
185
383
Summary of Budget Authority and Outlays (in millions of dollars)
2020 actual
2021 est.
2022 est.
Enacted/requested:
Budget Authority
174
371
211
Outlays
128
185
383
Legislative proposal, subject to PAYGO:
Budget Authority
2,400
Outlays
2,400
Total:
Budget Authority
174
371
2,611
Outlays
128
185
2,783
Established by the Housing and Economic Recovery Act of 2008 (HERA) (P.L. 110–289), the Capital Magnet Fund (CMF) awards
grants to CDFIs and qualified non-profit housing organizations to finance affordable housing activities, as well as related
economic development activities and community service facilities. Organizations that receive Capital Magnet Fund awards are
required to produce housing and community development investments at least ten times the size of the award amount. Funding
is provided by the Government-Sponsored Enterprises, Fannie Mae and Freddie Mac, which are required to set aside an amount
equal to 4.2 basis points of each dollar of the unpaid principal balance of their total new business purchases and to allocate
and transfer those funds to CMF and the Housing Trust Fund.
Object Classification (in millions of dollars)
Identification code 020–8524–0–7–451
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
1
1
1
25.1
Advisory and assistance services
1
1
31.0
Equipment
1
41.0
Grants, subsidies, and contributions
131
175
381
99.9
Total new obligations, unexpired accounts
133
177
383
Employment Summary
Identification code 020–8524–0–7–451
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
5
5
6
Capital Magnet Fund, Community Development Financial Institutions
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–8524–4–7–451
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
CDFI Allocations
2,352
0002
CMF Administration
48
0900
Total new obligations, unexpired accounts
2,400
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
2,400
1930
Total budgetary resources available
2,400
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
2,400
3020
Outlays (gross)
–2,400
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
2,400
Outlays, gross:
4100
Outlays from new mandatory authority
2,400
4180
Budget authority, net (total)
2,400
4190
Outlays, net (total)
2,400
The Budget reflects the Administration's proposal to provide $12 billion to expand the Capital Magnet Fund as part of the
American Jobs Plan.
Object Classification (in millions of dollars)
Identification code 020–8524–4–7–451
2020 actual
2021 est.
2022 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
30
12.1
Civilian personnel benefits
18
41.0
Grants, subsidies, and contributions
2,352
99.9
Total new obligations, unexpired accounts
2,400
Employment Summary
Identification code 020–8524–4–7–451
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
200
Gifts and Bequests
Program and Financing (in millions of dollars)
Identification code 020–8790–0–7–803
2020 actual
2021 est.
2022 est.
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
2
2
2
1930
Total budgetary resources available
2
2
2
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
2
2
2
4180
Budget authority, net (total)
4190
Outlays, net (total)
Memorandum (non-add) entries:
5000
Total investments, SOY: Federal securities: Par value
1
1
2
5001
Total investments, EOY: Federal securities: Par value
1
2
2
This account was established pursuant to 31 U.S.C. 321 to receive gifts and bequests to the Department. These funds support
the restoration of the Treasury building and historical collection of art, furniture, and artifacts owned by the Department.
The fund is also used as an endowment for Treasury's restored rooms.
Financial Crimes Enforcement Network
Federal Funds
salaries and expenses
For necessary expenses of the Financial Crimes Enforcement Network, including hire of passenger motor vehicles; travel and
training expenses of non-Federal and foreign government personnel to attend meetings and training concerned with domestic
and foreign financial intelligence activities, law enforcement, and financial regulation; services authorized by 5 U.S.C.
3109; not to exceed $45,000 for official reception and representation expenses; and for assistance to Federal law enforcement agencies, with or without
reimbursement, $190,539,000, of which not to exceed $94,600,000 shall remain available until September 30, 2024 for information technology and to implement Division F of the William M. (Mac) Thornberry National Defense Authorization
Act for Fiscal Year 2021 (Public Law 116–283).
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–0173–0–1–751
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
BSA administration and Analysis
123
127
191
0801
Reimbursable program activity
2
6
6
0900
Total new obligations, unexpired accounts
125
133
197
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
26
29
29
Budget authority:
Appropriations, discretionary:
1100
Appropriation
126
127
191
Spending authority from offsetting collections, discretionary:
1700
Collected
1
6
6
1701
Change in uncollected payments, Federal sources
1
1750
Spending auth from offsetting collections, disc (total)
2
6
6
1900
Budget authority (total)
128
133
197
1930
Total budgetary resources available
154
162
226
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
29
29
29
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
57
58
51
3010
New obligations, unexpired accounts
125
133
197
3020
Outlays (gross)
–122
–140
–139
3041
Recoveries of prior year unpaid obligations, expired
–2
3050
Unpaid obligations, end of year
58
51
109
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
56
57
50
3200
Obligated balance, end of year
57
50
108
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
128
133
197
Outlays, gross:
4010
Outlays from new discretionary authority
68
78
83
4011
Outlays from discretionary balances
54
62
56
4020
Outlays, gross (total)
122
140
139
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–2
–6
–6
Additional offsets against gross budget authority only:
4050
Change in uncollected pymts, Fed sources, unexpired
–1
4052
Offsetting collections credited to expired accounts
1
4070
Budget authority, net (discretionary)
126
127
191
4080
Outlays, net (discretionary)
120
134
133
4180
Budget authority, net (total)
126
127
191
4190
Outlays, net (total)
120
134
133
The Federal Crimes Enforcement Network (FinCEN) is the primary Federal regulator for the Bank Secrecy Act (BSA) and is responsible
for the regulations and implementation of the non-public database of ownership and/or effective control of firms (i.e. beneficial
ownership) pursuant to the Corporate Transparency Act (CTA). In this role, 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: 1) developing and issuing regulations
under the BSA; 2) enforcing compliance with the BSA in partnership with regulatory partners and law enforcement, including
responsibilities under the Anti-Money Laundering Act; 3) receiving and maintaining certain types of financial transaction
data; 4) analyzing and disseminating financial intelligence for law enforcement purposes; and 5) serving as the U.S. Financial
Intelligence Unit (FIU) and maintaining a network of information sharing with over 150 FIU partner countries.
Object Classification (in millions of dollars)
Identification code 020–0173–0–1–751
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
35
41
52
11.5
Other personnel compensation
1
1
1
11.9
Total personnel compensation
36
42
53
12.1
Civilian personnel benefits
12
12
15
21.0
Travel and transportation of persons
1
2
23.1
Rental payments to GSA
5
5
5
23.2
Rental payments to others
3
23.3
Communications, utilities, and miscellaneous charges
3
2
2
25.1
Advisory and assistance services
2
2
10
25.2
Other services from non-Federal sources
40
40
71
25.3
Other goods and services from Federal sources
9
10
13
25.7
Operation and maintenance of equipment
9
10
10
31.0
Equipment
7
2
7
99.0
Direct obligations
123
126
191
99.0
Reimbursable obligations
1
6
6
99.5
Adjustment for rounding
1
1
99.9
Total new obligations, unexpired accounts
125
133
197
Employment Summary
Identification code 020–0173–0–1–751
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
264
300
380
2001
Reimbursable civilian full-time equivalent employment
1
3
3
Fiscal Service
Federal Funds
SALARIES AND EXPENSES
For necessary expenses of operations of the Bureau of the Fiscal Service, $360,266,000; of which not to exceed $8,000,000, to remain available until September 30, 2024, is for information systems modernization initiatives; and of which $5,000 shall be available for official reception and
representation expenses.
In addition, $165,000, to be derived from the Oil Spill Liability Trust Fund to reimburse administrative and personnel expenses
for financial management of the Fund, as authorized by section 1012 of Public Law 101–380.
(Department of the Treasury Appropriations Act, 2021.)
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–0520–0–1–803
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
2
3
3
Receipts:
Current law:
1130
Non Federal Fee, Debt Collection Fund
135
183
178
1140
Debt Collection Improvement Fund, Federal Receipts
95
20
29
1199
Total current law receipts
230
203
207
1999
Total receipts
230
203
207
2000
Total: Balances and receipts
232
206
210
Appropriations:
Current law:
2101
Salaries and Expenses
–230
–203
–210
2103
Salaries and Expenses
–2
–2
–2
2132
Salaries and Expenses
2
2
2
2199
Total current law appropriations
–230
–203
–210
2999
Total appropriations
–230
–203
–210
5098
Rounding adjustment
1
5099
Balance, end of year
3
3
Program and Financing (in millions of dollars)
Identification code 020–0520–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Collections
39
42
43
0002
Debt Collection
215
203
210
0005
Accounting and Reporting
95
104
103
0006
Payments
137
161
131
0007
Retail Securities Services
56
60
61
0009
Wholesale Securities Services
23
27
26
0010
Matured Unreedeemed Debt
10
13
0799
Total direct obligations
565
607
587
0801
Salaries and Expenses (Reimbursable)
204
242
203
0900
Total new obligations, unexpired accounts
769
849
790
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
92
222
229
1001
Discretionary unobligated balance brought fwd, Oct 1
8
117
1012
Unobligated balance transfers between expired and unexpired accounts
3
11
1021
Recoveries of prior year unpaid obligations
3
6
1050
Unobligated balance (total)
98
239
229
Budget authority:
Appropriations, discretionary:
1100
Appropriation
365
371
360
1100
Appropriation CARES
79
1160
Appropriation, discretionary (total)
444
371
360
Appropriations, mandatory:
1200
Appropriation-American Rescue Plan
23
1201
Special Fund 20–5445
230
203
210
1203
Appropriation (previously unavailable)(special or trust)
2
2
2
1232
Appropriations and/or unobligated balance of appropriations temporarily reduced
–2
–2
–2
1260
Appropriations, mandatory (total)
230
226
210
Spending authority from offsetting collections, discretionary:
1700
Collected
181
242
203
1701
Change in uncollected payments, Federal sources
42
1750
Spending auth from offsetting collections, disc (total)
223
242
203
1900
Budget authority (total)
897
839
773
1930
Total budgetary resources available
995
1,078
1,002
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–4
1941
Unexpired unobligated balance, end of year
222
229
212
Special and non-revolving trust funds:
1951
Unobligated balance expiring
3
1952
Expired unobligated balance, start of year
6
1953
Expired unobligated balance, end of year
7
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
98
83
120
3010
New obligations, unexpired accounts
769
849
790
3011
Obligations ("upward adjustments"), expired accounts
2
3020
Outlays (gross)
–770
–806
–787
3040
Recoveries of prior year unpaid obligations, unexpired
–3
–6
3041
Recoveries of prior year unpaid obligations, expired
–13
3050
Unpaid obligations, end of year
83
120
123
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–9
–43
–43
3070
Change in uncollected pymts, Fed sources, unexpired
–42
3071
Change in uncollected pymts, Fed sources, expired
8
3090
Uncollected pymts, Fed sources, end of year
–43
–43
–43
Memorandum (non-add) entries:
3100
Obligated balance, start of year
89
40
77
3200
Obligated balance, end of year
40
77
80
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
667
613
563
Outlays, gross:
4010
Outlays from new discretionary authority
491
471
434
4011
Outlays from discretionary balances
67
113
141
4020
Outlays, gross (total)
558
584
575
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–189
–242
–203
4040
Offsets against gross budget authority and outlays (total)
–189
–242
–203
Additional offsets against gross budget authority only:
4050
Change in uncollected pymts, Fed sources, unexpired
–42
4052
Offsetting collections credited to expired accounts
8
4060
Additional offsets against budget authority only (total)
–34
4070
Budget authority, net (discretionary)
444
371
360
4080
Outlays, net (discretionary)
369
342
372
Mandatory:
4090
Budget authority, gross
230
226
210
Outlays, gross:
4100
Outlays from new mandatory authority
113
163
149
4101
Outlays from mandatory balances
99
59
63
4110
Outlays, gross (total)
212
222
212
4180
Budget authority, net (total)
674
597
570
4190
Outlays, net (total)
581
564
584
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. This account also supports the
Economic Impact Payments and other fast and direct relief pursuant to the Coronavirus Aid, Relief, and Economic Security (CARES)
Act, Division N of the Consolidated Appropriations Act, 2021, and the American Rescue Plan Act of 2021.
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.
Object Classification (in millions of dollars)
Identification code 020–0520–0–1–803
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
181
201
208
11.5
Other personnel compensation
6
6
6
11.9
Total personnel compensation
187
207
214
12.1
Civilian personnel benefits
67
75
79
21.0
Travel and transportation of persons
1
1
2
23.1
Rental payments to GSA
14
22
23
23.3
Communications, utilities, and miscellaneous charges
18
22
23
25.1
Advisory and assistance services
71
28
22
25.2
Other services from non-Federal sources
19
37
39
25.3
Other goods and services from Federal sources
161
178
170
25.4
Operation and maintenance of facilities
2
3
3
25.7
Operation and maintenance of equipment
9
4
5
26.0
Supplies and materials
7
15
5
31.0
Equipment
8
15
2
32.0
Land and structures
1
99.0
Direct obligations
565
607
587
99.0
Reimbursable obligations
204
242
203
99.9
Total new obligations, unexpired accounts
769
849
790
Employment Summary
Identification code 020–0520–0–1–803
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
1,847
1,980
2,020
2001
Reimbursable civilian full-time equivalent employment
10
9
9
Reimbursements to Federal Reserve Banks
Program and Financing (in millions of dollars)
Identification code 020–0562–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Reimbursements to Federal Reserve Banks (Direct)
147
177
180
0900
Total new obligations, unexpired accounts (object class 25.2)
147
177
180
Budgetary resources:
Unobligated balance:
1021
Recoveries of prior year unpaid obligations
16
Budget authority:
Appropriations, mandatory:
1200
Appropriation
131
177
180
1930
Total budgetary resources available
147
177
180
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
46
41
53
3010
New obligations, unexpired accounts
147
177
180
3020
Outlays (gross)
–136
–165
–179
3040
Recoveries of prior year unpaid obligations, unexpired
–16
3050
Unpaid obligations, end of year
41
53
54
Memorandum (non-add) entries:
3100
Obligated balance, start of year
46
41
53
3200
Obligated balance, end of year
41
53
54
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
131
177
180
Outlays, gross:
4100
Outlays from new mandatory authority
90
124
126
4101
Outlays from mandatory balances
46
41
53
4110
Outlays, gross (total)
136
165
179
4180
Budget authority, net (total)
131
177
180
4190
Outlays, net (total)
136
165
179
This Fund was established by the Treasury, Postal Service, and General Government Appropriations Act of 1991 (P.L. 101–509,
104 Stat. 1389, 1394) as a permanent, indefinite appropriation to reimburse the Federal Reserve Banks for acting as fiscal
agents of the Federal Government in support of financing the public debt.
Payment to the Resolution Funding Corporation
Program and Financing (in millions of dollars)
Identification code 020–1851–0–1–908
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment to the Resolution Funding Corporation (Direct)
2,425
1,367
920
0900
Total new obligations, unexpired accounts (object class 41.0)
2,425
1,367
920
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2,425
1,367
920
1930
Total budgetary resources available
2,425
1,367
920
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
2,425
1,367
920
3020
Outlays (gross)
–2,425
–1,367
–920
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
2,425
1,367
920
Outlays, gross:
4100
Outlays from new mandatory authority
2,425
1,367
920
4180
Budget authority, net (total)
2,425
1,367
920
4190
Outlays, net (total)
2,425
1,367
920
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (the Act) authorized and appropriated to the Secretary
of the Treasury such sums as may be necessary to cover interest payments on obligations issued by the Resolution Funding Corporation
(REFCORP). REFCORP was established under the Act to raise $31.2 billion for the Resolution Trust Corporation (RTC) in order
to resolve savings institution insolvencies.
Sources of payment for interest due on REFCORP obligations have included REFCORP investment income, proceeds from the sale
of assets or warrants acquired by the RTC, and annual contributions by the Federal Home Loan Banks. Indefinite, mandatory
funds appropriated to the Treasury are primarily used to meet any shortfall.
Hope Reserve Fund
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5581–0–2–371
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
1
0198
Reconciliation adjustment
–1
0199
Balance, start of year
2000
Total: Balances and receipts
5099
Balance, end of year
Program and Financing (in millions of dollars)
Identification code 020–5581–0–2–371
2020 actual
2021 est.
2022 est.
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
86
86
86
1930
Total budgetary resources available
86
86
86
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
86
86
86
4180
Budget authority, net (total)
4190
Outlays, net (total)
The HOPE Reserve Fund was authorized by section 1337(e) of the Housing and Economic Recovery Act of 2008 (HERA, P.L. 110–289),
which directed the account be funded from assessments on Fannie Mae and Freddie Mac.
Federal Reserve Bank Reimbursement Fund
Program and Financing (in millions of dollars)
Identification code 020–1884–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Federal Reserve Bank services
599
646
659
0900
Total new obligations, unexpired accounts (object class 25.2)
599
646
659
Budgetary resources:
Unobligated balance:
1021
Recoveries of prior year unpaid obligations
55
Budget authority:
Appropriations, mandatory:
1200
Appropriation
544
646
659
1930
Total budgetary resources available
599
646
659
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
156
160
162
3010
New obligations, unexpired accounts
599
646
659
3020
Outlays (gross)
–540
–644
–656
3040
Recoveries of prior year unpaid obligations, unexpired
–55
3050
Unpaid obligations, end of year
160
162
165
Memorandum (non-add) entries:
3100
Obligated balance, start of year
156
160
162
3200
Obligated balance, end of year
160
162
165
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
544
646
659
Outlays, gross:
4100
Outlays from new mandatory authority
384
484
494
4101
Outlays from mandatory balances
156
160
162
4110
Outlays, gross (total)
540
644
656
4180
Budget authority, net (total)
544
646
659
4190
Outlays, net (total)
540
644
656
This Fund was established by the Treasury and General Government Appropriations Act, 1998, Title I (P.L. 105–61, 111 Stat.
1276) as a permanent, indefinite appropriation to reimburse Federal Reserve Banks for services provided, when directed by
the Secretary of the Treasury in accordance with 12 U.S.C. 391, in their capacity as depositaries and fiscal agents for the
United States.
Payment of Government Losses in Shipment
Program and Financing (in millions of dollars)
Identification code 020–1710–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment of Government Losses in Shipment (Direct)
1
2
2
0900
Total new obligations, unexpired accounts (object class 42.0)
1
2
2
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
1
2
2
1930
Total budgetary resources available
1
2
2
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
1
2
2
3020
Outlays (gross)
–1
–2
–2
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
1
2
2
Outlays, gross:
4100
Outlays from new mandatory authority
1
2
2
4180
Budget authority, net (total)
1
2
2
4190
Outlays, net (total)
1
2
2
This account was created as self-insurance to cover losses in shipment of Government property such as coins, currency, securities,
certain losses incurred by the Postal Service, and losses in connection with the redemption of savings bonds. Approximately
1,100 claims are paid annually.
Financial Agent Services
Program and Financing (in millions of dollars)
Identification code 020–1802–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Financial agent services
856
863
880
0900
Total new obligations, unexpired accounts (object class 25.2)
856
863
880
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
14
1021
Recoveries of prior year unpaid obligations
14
14
1050
Unobligated balance (total)
14
14
14
Budget authority:
Appropriations, mandatory:
1200
Appropriation
843
864
881
1220
Appropriations transferred to other accts [020–0126]
–1
–1
–1
1260
Appropriations, mandatory (total)
842
863
880
1930
Total budgetary resources available
856
877
894
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
14
14
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
69
103
105
3010
New obligations, unexpired accounts
856
863
880
3020
Outlays (gross)
–808
–847
–759
3040
Recoveries of prior year unpaid obligations, unexpired
–14
–14
3050
Unpaid obligations, end of year
103
105
226
Memorandum (non-add) entries:
3100
Obligated balance, start of year
69
103
105
3200
Obligated balance, end of year
103
105
226
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
842
863
880
Outlays, gross:
4100
Outlays from new mandatory authority
739
744
759
4101
Outlays from mandatory balances
69
103
4110
Outlays, gross (total)
808
847
759
4180
Budget authority, net (total)
842
863
880
4190
Outlays, net (total)
808
847
759
This permanent, indefinite appropriation was established to reimburse financial institutions for the services they provide
as depositaries and financial agents of the Federal Government. The services include the acceptance and processing of deposits
of public money, as well as services essential to the disbursement of, and accounting for, public monies. The services provided
are authorized under numerous statutes including, but not limited to, 12 U.S.C. 90 and 265. This permanent, indefinite appropriation
is authorized by P.L. 108–100, the "Check Clearing for the 21st Century Act,'' and permanently appropriated by P.L. 108–199,
the "Consolidated Appropriations Act of 2004.'' Additionally, financial agent administrative and financial analysis costs
for the Government Sponsored Enterprise Mortgage Backed Securities Purchase Program and State Housing Finance Agency program
are reimbursed from this account.
Interest on Uninvested Funds
Program and Financing (in millions of dollars)
Identification code 020–1860–0–1–908
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Interest of uninvested funds
23
5
9
0900
Total new obligations, unexpired accounts (object class 43.0)
23
5
9
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
43
Budget authority:
Appropriations, mandatory:
1200
Appropriation
23
48
9
1930
Total budgetary resources available
23
48
52
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
43
43
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
88
98
80
3010
New obligations, unexpired accounts
23
5
9
3020
Outlays (gross)
–13
–23
–34
3050
Unpaid obligations, end of year
98
80
55
Memorandum (non-add) entries:
3100
Obligated balance, start of year
88
98
80
3200
Obligated balance, end of year
98
80
55
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
23
48
9
Outlays, gross:
4100
Outlays from new mandatory authority
9
4101
Outlays from mandatory balances
13
23
25
4110
Outlays, gross (total)
13
23
34
4180
Budget authority, net (total)
23
48
9
4190
Outlays, net (total)
13
23
34
This account was established for the purpose of paying interest on certain uninvested funds placed in trust in the Treasury
in accordance with various statutes (31 U.S.C. 1321; 2 U.S.C. 158 (P.L. 94–289); 20 U.S.C. 74a (P.L. 94–418) and 101; 24 U.S.C.
46 (P.L. 94–290) and 69 Stat. 533).
Federal Interest Liabilities to States
Program and Financing (in millions of dollars)
Identification code 020–1877–0–1–908
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Federal interest liabilities to States
1
1
0900
Total new obligations, unexpired accounts (object class 25.2)
1
1
Budgetary resources:
Unobligated balance:
1033
Recoveries of prior year paid obligations
1
1037
Unobligated balance of appropriations withdrawn
–1
Budget authority:
Appropriations, mandatory:
1200
Appropriation
1
1
1930
Total budgetary resources available
1
1
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
1
1
3020
Outlays (gross)
–1
–1
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
1
1
Outlays, gross:
4100
Outlays from new mandatory authority
1
1
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120
Federal sources:
–1
Additional offsets against gross budget authority only:
4143
Recoveries of prior year paid obligations, unexpired accounts
1
4160
Budget authority, net (mandatory)
1
1
4170
Outlays, net (mandatory)
–1
1
1
4180
Budget authority, net (total)
1
1
4190
Outlays, net (total)
–1
1
1
Pursuant to the Cash Management Improvement Act (P.L. 101–453, 104 Stat. 1058) as amended (P.L. 102–589, 106 Stat. 5133),
and Treasury regulations codified at 31 CFR Part 205, under certain circumstances, interest is paid when Federal funds are
not transferred to States in a timely manner.
Interest Paid to Credit Financing Accounts
Program and Financing (in millions of dollars)
Identification code 020–1880–0–1–908
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Interest paid to credit financing accounts
23,315
14,284
14,063
0900
Total new obligations, unexpired accounts (object class 43.0)
23,315
14,284
14,063
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
23,315
14,284
14,063
1930
Total budgetary resources available
23,315
14,284
14,063
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
23,315
14,284
14,063
3020
Outlays (gross)
–23,315
–14,284
–14,063
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
23,315
14,284
14,063
Outlays, gross:
4100
Outlays from new mandatory authority
23,315
14,284
14,063
4180
Budget authority, net (total)
23,315
14,284
14,063
4190
Outlays, net (total)
23,315
14,284
14,063
This account pays interest on the invested balances of guaranteed and direct loan financing accounts. For guaranteed loan
financing accounts, balances result when the accounts receive up-front payments and fees to be held in reserve to make payments
on defaults. Direct loan financing accounts normally borrow from Treasury to disburse loans and receive interest and principal
payments and other payments from borrowers. Because direct loan financing accounts generally repay borrowing from Treasury
at the end of the year, they can build up balances of payments received during the year. Interest on invested balances is
paid to the financing accounts from the general fund of the Treasury, in accordance with section 505(c) of the Federal Credit
Reform Act of 1990.
Claims, Judgments, and Relief Acts
Program and Financing (in millions of dollars)
Identification code 020–1895–0–1–808
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Claims for damages
1
13
13
0003
Claims for contract disputes
551
240
240
0091
Total claims adjudicated administratively
552
253
253
0101
Judgments, Court of Claims
7,274
9,644
1,973
0102
Judgments, U.S. courts
539
1,205
1,205
0191
Total court judgments
7,813
10,849
3,178
0900
Total new obligations, unexpired accounts (object class 42.0)
8,365
11,102
3,431
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
8,365
11,102
3,431
1930
Total budgetary resources available
8,365
11,102
3,431
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
14
26
3010
New obligations, unexpired accounts
8,365
11,102
3,431
3020
Outlays (gross)
–8,353
–11,128
–3,431
3050
Unpaid obligations, end of year
26
Memorandum (non-add) entries:
3100
Obligated balance, start of year
14
26
3200
Obligated balance, end of year
26
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
8,365
11,102
3,431
Outlays, gross:
4100
Outlays from new mandatory authority
8,340
11,102
3,431
4101
Outlays from mandatory balances
13
26
4110
Outlays, gross (total)
8,353
11,128
3,431
4180
Budget authority, net (total)
8,365
11,102
3,431
4190
Outlays, net (total)
8,353
11,128
3,431
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.
Restitution of Forgone Interest
Program and Financing (in millions of dollars)
Identification code 020–1875–0–1–908
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Restitution of Forgone Interest (Direct)
116
0900
Total new obligations, unexpired accounts (object class 43.0)
116
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
116
1930
Total budgetary resources available
116
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
696
3010
New obligations, unexpired accounts
116
3020
Outlays (gross)
–812
Memorandum (non-add) entries:
3100
Obligated balance, start of year
696
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
116
Outlays, gross:
4100
Outlays from new mandatory authority
116
4101
Outlays from mandatory balances
696
4110
Outlays, gross (total)
812
4180
Budget authority, net (total)
116
4190
Outlays, net (total)
812
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.
Guam World War II Claims Fund
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5680–0–2–806
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
0198
Backdated Treasury documents
40
0199
Balance, start of year
40
2000
Total: Balances and receipts
40
Appropriations:
Current law:
2101
Guam World War II Claims Fund
–40
5099
Balance, end of year
Program and Financing (in millions of dollars)
Identification code 020–5680–0–2–806
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Direct program activity
25
7
5
0900
Total new obligations, unexpired accounts (object class 42.0)
25
7
5
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
15
8
Budget authority:
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
40
1930
Total budgetary resources available
40
15
8
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
15
8
3
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
25
7
5
3020
Outlays (gross)
–25
–7
–5
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
40
Outlays, gross:
4100
Outlays from new mandatory authority
25
4101
Outlays from mandatory balances
7
5
4110
Outlays, gross (total)
25
7
5
4180
Budget authority, net (total)
40
4190
Outlays, net (total)
25
7
5
This fund was established by the Guam World War II Loyalty Recognition Act of 2016. It requires the establishment of the
"Claims Fund", a special fund for the payment of claims submitted by compensable Guam victims and survivors of compensable
Guam decedents. Duties, taxes, and fees collected from Guam in excess of 2014 baseline tax collections for the territory
will be deposited annually into the Claims Fund. Funding will be used to compensate residents of Guam for damages resulting
from the Imperial Japanese military's occupation of Guam during World War II.
Continued Dumping and Subsidy Offset
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5688–0–2–376
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
1
3
49
Receipts:
Current law:
1110
Antidumping and Countervailing Duties, Continued Dumping and Subsidy Offset
59
59
59
2000
Total: Balances and receipts
60
62
108
Appropriations:
Current law:
2101
Continued Dumping and Subsidy Offset
–59
–11
–10
2103
Continued Dumping and Subsidy Offset
–1
–3
–1
2132
Continued Dumping and Subsidy Offset
3
1
1
2199
Total current law appropriations
–57
–13
–10
2999
Total appropriations
–57
–13
–10
5099
Balance, end of year
3
49
98
Program and Financing (in millions of dollars)
Identification code 020–5688–0–2–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Continued dumping and subsidy offset
16
58
11
0900
Total new obligations, unexpired accounts (object class 41.0)
16
58
11
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
117
158
113
Budget authority:
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
59
11
10
1203
Appropriation (previously unavailable)(special or trust)
1
3
1
1232
Appropriations and/or unobligated balance of appropriations temporarily reduced
–3
–1
–1
1260
Appropriations, mandatory (total)
57
13
10
1930
Total budgetary resources available
174
171
123
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
158
113
112
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
3010
New obligations, unexpired accounts
16
58
11
3020
Outlays (gross)
–16
–57
–11
3050
Unpaid obligations, end of year
1
1
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
3200
Obligated balance, end of year
1
1
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
57
13
10
Outlays, gross:
4101
Outlays from mandatory balances
16
57
11
4180
Budget authority, net (total)
57
13
10
4190
Outlays, net (total)
16
57
11
The Bureau of Customs and Border Protection, Department of Homeland Security (CBP), collects duties assessed pursuant to a
countervailing duty order, an antidumping duty order, or a finding under the Antidumping Act of 1921. Under a provision enacted
in 2000 CBP, through the Treasury, distributes certain of these duties to affected domestic producers. These distributions
provide an additional subsidy to producers that already gain protection from the increased import prices, including tariffs.
The authority to distribute assessments on entries made after October 1, 2007, has been repealed. Assessments on entries made
before October 1, 2007, will be disbursed as if the authority had not been repealed. Assessments collected on eligible entries
are to be disbursed within 60 days of the end of the fiscal year in which they were collected.
Check Forgery Insurance Fund
Program and Financing (in millions of dollars)
Identification code 020–4109–0–3–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0801
Check Forgery Insurance Fund (Reimbursable)
7
1
1
0900
Total new obligations, unexpired accounts (object class 42.0)
7
1
1
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
6
5
5
Budget authority:
Spending authority from offsetting collections, mandatory:
1800
Collected
6
1
1
1900
Budget authority (total)
6
1
1
1930
Total budgetary resources available
12
6
6
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
5
5
5
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
7
1
1
3020
Outlays (gross)
–7
–1
–1
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
6
1
1
Outlays, gross:
4100
Outlays from new mandatory authority
1
1
1
4101
Outlays from mandatory balances
6
4110
Outlays, gross (total)
7
1
1
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–6
–1
–1
4180
Budget authority, net (total)
4190
Outlays, net (total)
1
This Fund was established as a permanent, indefinite appropriation in order to maintain adequate funding of the Check Forgery
Insurance Fund. The Fund facilitates timely payments for replacement Treasury checks necessitated due to a claim of forgery.
The Fund recoups disbursements through reclamations made against banks negotiating forged checks.
To reduce hardships sustained by payees of Government checks that have been stolen and forged, settlement is made in advance
of the receipt of funds from the endorsers of the checks. If the U.S. Treasury is unable to recover funds through reclamation
procedures, the Fund sustains the loss.
Public Law 108–447 expanded the use of the Fund to include payments made via electronic funds transfer. A technical correction
to the Fund's statutes to ensure and clarify that the Fund can be utilized as a funding source for relief of administrative
disbursing errors was enacted by P.L. 110–161, Division D, section 119.
Trust Funds
Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–8209–0–7–306
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
60
60
60
Receipts:
Current law:
1140
Earnings on Investments, Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund
1
1
1
2000
Total: Balances and receipts
61
61
61
Appropriations:
Current law:
2101
Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund
–1
–1
–1
5099
Balance, end of year
60
60
60
Program and Financing (in millions of dollars)
Identification code 020–8209–0–7–306
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restorat (Direct)
1
2
1
0900
Total new obligations, unexpired accounts (object class 43.0)
1
2
1
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
1
1
Budget authority:
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
1
1
1
1930
Total budgetary resources available
2
2
1
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
1
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
3010
New obligations, unexpired accounts
1
2
1
3020
Outlays (gross)
–1
–1
–1
3050
Unpaid obligations, end of year
1
1
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
3200
Obligated balance, end of year
1
1
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
1
1
1
Outlays, gross:
4101
Outlays from mandatory balances
1
1
1
4180
Budget authority, net (total)
1
1
1
4190
Outlays, net (total)
1
1
1
Memorandum (non-add) entries:
5000
Total investments, SOY: Federal securities: Par value
61
61
61
5001
Total investments, EOY: Federal securities: Par value
61
61
61
This schedule reflects the payments made to the Cheyenne River Sioux Tribe Terrestrial Wildlife Restoration Trust Fund and
the Lower Brule Sioux Tribe Terrestrial Wildlife Restoration Trust Fund. Pursuant to section 604(b) of the Water Resources
Development Act of 1999 (P.L. 106–53), after the funds were fully capitalized by deposits from the General Fund of the Treasury,
interest earned became available to the Tribes to carry out the purposes of the funds. Full capitalization occurred in 2010;
therefore no additional deposits will be provided by the General Fund of the Treasury. The Tribes are only able to draw down
on interest earned investments.
Gulf Coast Restoration Trust Fund
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–8625–0–7–452
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
20
20
19
Receipts:
Current law:
1110
Administrative and Civil Penalties, Gulf Coast Restoration Trust Fund
303
303
304
1140
Earnings on Investments, Gulf Coast Restoration Trust Fund
32
15
16
1199
Total current law receipts
335
318
320
1999
Total receipts
335
318
320
2000
Total: Balances and receipts
355
338
339
Appropriations:
Current law:
2101
Gulf Coast Restoration Trust Fund
–335
–317
–320
2103
Gulf Coast Restoration Trust Fund
–20
–20
–18
2132
Gulf Coast Restoration Trust Fund
20
18
18
2199
Total current law appropriations
–335
–319
–320
2999
Total appropriations
–335
–319
–320
5099
Balance, end of year
20
19
19
Program and Financing (in millions of dollars)
Identification code 020–8625–0–7–452
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Direct Component
103
65
65
0002
Comprehensive Plan Component
33
56
56
0003
Oil Spill Restoration Impact Component
133
76
76
0004
NOAA RESTORE Act Science Program
6
6
6
0005
Centers of Excellence Research Grants
13
3
3
0900
Total new obligations, unexpired accounts
288
206
206
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
1,032
1,080
1,193
1021
Recoveries of prior year unpaid obligations
1
1050
Unobligated balance (total)
1,033
1,080
1,193
Budget authority:
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
335
317
320
1203
Appropriation (previously unavailable)(special or trust)
20
20
18
1232
Appropriations and/or unobligated balance of appropriations temporarily reduced
–20
–18
–18
1260
Appropriations, mandatory (total)
335
319
320
1900
Budget authority (total)
335
319
320
1930
Total budgetary resources available
1,368
1,399
1,513
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
1,080
1,193
1,307
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
462
570
484
3010
New obligations, unexpired accounts
288
206
206
3020
Outlays (gross)
–179
–292
–292
3040
Recoveries of prior year unpaid obligations, unexpired
–1
3050
Unpaid obligations, end of year
570
484
398
Memorandum (non-add) entries:
3100
Obligated balance, start of year
462
570
484
3200
Obligated balance, end of year
570
484
398
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
335
319
320
Outlays, gross:
4101
Outlays from mandatory balances
179
292
292
4180
Budget authority, net (total)
335
319
320
4190
Outlays, net (total)
179
292
292
Memorandum (non-add) entries:
5000
Total investments, SOY: Federal securities: Par value
1,545
1,681
1,782
5001
Total investments, EOY: Federal securities: Par value
1,681
1,782
1,895
This fund was established by the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of
the Gulf Coast States Act of 2012 (RESTORE Act). It will receive 80 percent of the civil and administrative penalties collected
after July 6, 2012, from parties responsible for the Deepwater Horizon oil spill. Funding will be used by Federal, State, and local governments for activities to restore and protect the ecosystems
and economy of the Gulf Coast region, research and monitoring, and related oversight and management responsibilities. The
current estimates represent known settlement amounts; additional funds may become available through future court judgments
or settlements.
Object Classification (in millions of dollars)
Identification code 020–8625–0–7–452
2020 actual
2021 est.
2022 est.
Direct obligations:
41.0
Grants, subsidies, and contributions
116
68
68
94.0
Financial transfers
172
138
138
99.9
Total new obligations, unexpired accounts
288
206
206
Federal Financing Bank
Federal Funds
Federal Financing Bank
Program and Financing (in millions of dollars)
Identification code 020–4521–0–4–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0801
Administrative Expenses
10
13
13
0802
Interest on borrowings from Treasury
1,915
1,883
1,953
0803
Interest on borrowings from CRSDF
237
192
157
0900
Total new obligations, unexpired accounts
2,162
2,088
2,123
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
2,082
3,760
3,682
1023
Unobligated balances applied to repay debt
–1,547
–1,208
–1,208
1028
FFB: Agency or guaranteed principal received in excess of principal repaid to the Fiscal Service
2,351
787
653
1050
Unobligated balance (total)
2,886
3,339
3,127
Budget authority:
Spending authority from offsetting collections, mandatory:
1800
Collected
3,036
2,431
2,408
1930
Total budgetary resources available
5,922
5,770
5,535
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
3,760
3,682
3,412
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
2,162
2,088
2,123
3020
Outlays (gross)
–2,162
–2,088
–2,123
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
3,036
2,431
2,408
Outlays, gross:
4100
Outlays from new mandatory authority
2,162
2,088
2,123
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120
Federal sources
–3,036
–2,431
–2,408
4180
Budget authority, net (total)
4190
Outlays, net (total)
–874
–343
–285
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 provide 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 2020, FFB's net inflows were $606 million. In addition to its authority to borrow from the Treasury (Fiscal Service), the
FFB has the statutory authority to borrow up to $15 billion from other sources. Any such borrowing is exempt from the statutory
ceiling on Federal debt. The FFB used this authority most recently in October 2015.
The following tables show (1) the annual net lending by the FFB by agency and program and the amount outstanding at the end
of each year and (2) principal repayments from the borrower in excess of principal repaid to the Fiscal Service each year.
NET LENDING AND LOANS OUTSTANDING, END OF YEAR (in millions of dollars)
2020 actual
2021 est.
2022 est.
A. Department of Agriculture:
1. Rural Utilities Service:
Lending, net
364
1,963
1,834
Loans outstanding
46,652
48,615
50,449
B. Department of Education:
1. Historically black colleges and universities:
Lending, net
22
–1,380
177
Loans outstanding
1,502
122
299
C. Department of Energy:
1. Title 17 innovative technology loans:
Lending, net
1,617
–1,380
177
Loans outstanding
14,421
13,041
13,218
2. Advanced technology vehicles manufacturing loans:
Lending, net
–591
–31
1,565
Loans outstanding
1,027
996
2,561
D. Department of Housing and Urban Development:
1. Multifamily Risk Share Program:
Lending, net
395
–48
62
Loans outstanding
2,364
2,316
2,378
E. Department of Transportation:
1. MARAD Title XI:
Lending, net
326
.......
–14
Loans outstanding
326
326
312
F. Department of the Treasury:
1. CDFI Fund Bond Guarantee Program:
Lending, net
138
188
255
Loans outstanding
1,155
1,343
1,598
G. Department of Veterans Affairs:
1. Transitional housing for homeless veterans:
Lending, net
.......
.......
.......
Loans outstanding
4
4
4
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
3,000
–3,000
–1,000
Loans outstanding
14,000
11,000
10,000
Total lending:
Lending, net
4,945
–3,688
3,070
Loans outstanding
81,125
77,437
80,507
PRINCIPAL REPAYMENTS, END OF YEAR
2020 actual
2021 est.
2022 est.
Agency or Guaranteed Principal Received:
A. Department of Education:
1. Historically black colleges and universities
73
520
25
B. National Credit Union Administration:
1. Central liquidity facility
1
.......
.......
C. Department of Agriculture:
1. Rural Utilities Service
3,692
776
756
D. Postal Service:
1. Postal Service fund
400
3,000
1,000
E. Department of Veterans Affairs:
1. Transitional housing for homeless veterans
.......
.......
.......
Total Agency or Guaranteed Principal Received
4,166
4,296
1,781
Principal Repaid to the Fiscal Service:
A. Department of Education:
1. Historically black colleges and universities
40
376
5
B. National Credit Union Administration:
1. Central Liquidity Facility
1
...
...
C. Department of Agriculture:
1. Rural Utilities Service
1,374
133
123
D. Postal Service:
1. Postal Service fund
400
3,000
1,000
E. Department of Veterans Affairs:
1. Transitional housing for homeless veterans
......
......
......
Total Agency or Guaranteed Principal Repaid
1,815
2,095
1,128
Agency or guaranteed principal received in excess of principal repaid to the Fiscal Service
A. Department of Education:
1. Historically black colleges and universities
33
144
20
B. National Credit Union Administration:
1. Central Liquidity Facility
......
......
......
C. Department of Agriculture:
1. Rural Utilities Service
2,318
643
633
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
2,351
787
653
Object Classification (in millions of dollars)
Identification code 020–4521–0–4–803
2020 actual
2021 est.
2022 est.
Reimbursable obligations:
25.2
Other services from non-Federal sources
10
13
13
43.0
Interest and dividends
2,152
2,075
2,110
99.9
Total new obligations, unexpired accounts
2,162
2,088
2,123
Alcohol and Tobacco Tax and Trade Bureau
Federal Funds
SALARIES AND EXPENSES
For necessary expenses of carrying out section 1111 of the Homeland Security Act of 2002, including hire of passenger motor
vehicles, $131,330,000; of which $5,000,000 shall remain available until September 30, 2023; of which not to exceed $6,000 shall be available for official reception and representation expenses; and of which not to exceed $50,000
shall be available for cooperative research and development programs for laboratory services; and provision of laboratory
assistance to State and local agencies with or without reimbursement.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–1008–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Protect the Public
66
67
71
0002
Collect revenue
53
58
60
0192
Total direct program
119
125
131
0799
Total direct obligations
119
125
131
0801
Protect the Public
3
3
3
0802
Collect Revenue
4
5
5
0899
Total reimbursable obligations
7
8
8
0900
Total new obligations, unexpired accounts
126
133
139
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
4
5
4
Budget authority:
Appropriations, discretionary:
1100
Appropriation
120
124
131
Spending authority from offsetting collections, discretionary:
1700
Collected
5
8
8
1701
Change in uncollected payments, Federal sources
2
1750
Spending auth from offsetting collections, disc (total)
7
8
8
1900
Budget authority (total)
127
132
139
1930
Total budgetary resources available
131
137
143
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
27
27
26
3010
New obligations, unexpired accounts
126
133
139
3011
Obligations ("upward adjustments"), expired accounts
1
3020
Outlays (gross)
–126
–134
–137
3041
Recoveries of prior year unpaid obligations, expired
–1
3050
Unpaid obligations, end of year
27
26
28
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–3
–3
–3
3070
Change in uncollected pymts, Fed sources, unexpired
–2
3071
Change in uncollected pymts, Fed sources, expired
2
3090
Uncollected pymts, Fed sources, end of year
–3
–3
–3
Memorandum (non-add) entries:
3100
Obligated balance, start of year
24
24
23
3200
Obligated balance, end of year
24
23
25
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
127
132
139
Outlays, gross:
4010
Outlays from new discretionary authority
98
110
116
4011
Outlays from discretionary balances
28
24
21
4020
Outlays, gross (total)
126
134
137
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–3
–4
–4
4033
Non-Federal sources
–4
–4
–4
4040
Offsets against gross budget authority and outlays (total)
–7
–8
–8
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
124
131
4080
Outlays, net (discretionary)
119
126
129
4180
Budget authority, net (total)
120
124
131
4190
Outlays, net (total)
119
126
129
The Alcohol and Tobacco Tax and Trade Bureau (TTB) enforces various Federal laws and regulations relating to alcohol and
tobacco. TTB collects excise taxes and seeks to eliminate or prevent tax evasion and other criminal conduct, prevent consumer
deception relating to alcohol beverages, and ensure that regulated alcohol and tobacco products comply with various Federal
commodity, product integrity, and distribution requirements.
Object Classification (in millions of dollars)
Identification code 020–1008–0–1–803
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
53
56
57
11.5
Other personnel compensation
1
2
2
11.9
Total personnel compensation
54
58
59
12.1
Civilian personnel benefits
19
21
22
21.0
Travel and transportation of persons
1
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
13
13
14
25.2
Other services from non-Federal sources
13
13
14
25.3
Other goods and services from Federal sources
9
9
10
25.7
Operation and maintenance of equipment
3
2
2
26.0
Supplies and materials
1
31.0
Equipment
2
2
2
99.0
Direct obligations
119
125
131
99.0
Reimbursable obligations
7
8
8
99.9
Total new obligations, unexpired accounts
126
133
139
Employment Summary
Identification code 020–1008–0–1–803
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
484
508
508
2001
Reimbursable civilian full-time equivalent employment
11
12
12
Internal Revenue Collections for Puerto Rico
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5737–0–2–806
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
Receipts:
Current law:
1110
Deposits, Internal Revenue Collections for Puerto Rico
471
476
481
2000
Total: Balances and receipts
471
476
481
Appropriations:
Current law:
2101
Internal Revenue Collections for Puerto Rico
–471
–476
–481
5099
Balance, end of year
Program and Financing (in millions of dollars)
Identification code 020–5737–0–2–806
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Internal revenue collections for Puerto Rico
471
476
481
0900
Total new obligations, unexpired accounts (object class 41.0)
471
476
481
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
471
476
481
1930
Total budgetary resources available
471
476
481
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
471
476
481
3020
Outlays (gross)
–471
–476
–481
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
471
476
481
Outlays, gross:
4100
Outlays from new mandatory authority
471
476
481
4180
Budget authority, net (total)
471
476
481
4190
Outlays, net (total)
471
476
481
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 set forth in 27 CFR 26.31.
Bureau of Engraving and Printing
Federal Funds
Bureau of Engraving and Printing Fund
Program and Financing (in millions of dollars)
Identification code 020–4502–0–4–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0801
Currency program
868
1,059
1,037
0803
Other programs
11
10
10
0804
DC Replacement Facility
897
0900
Total new obligations, unexpired accounts
879
1,069
1,944
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
574
748
2,079
1021
Recoveries of prior year unpaid obligations
8
9
9
1050
Unobligated balance (total)
582
757
2,088
Budget authority:
Spending authority from offsetting collections, discretionary:
1700
Collected (YCO)
776
1,069
1,047
1701
Change in uncollected payments, Federal sources (YCO)
269
1701
Change in uncollected payments, Federal sources (DCF)
1,322
1750
Spending auth from offsetting collections, disc (total)
1,045
2,391
1,047
1930
Total budgetary resources available
1,627
3,148
3,135
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
748
2,079
1,191
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
513
534
636
3010
New obligations, unexpired accounts
879
1,069
1,944
3020
Outlays (gross)
–850
–958
–1,208
3040
Recoveries of prior year unpaid obligations, unexpired
–8
–9
–9
3050
Unpaid obligations, end of year
534
636
1,363
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–840
–1,109
–2,431
3070
Change in uncollected pymts, Fed sources, unexpired
–269
–1,322
3090
Uncollected pymts, Fed sources, end of year
–1,109
–2,431
–2,431
Memorandum (non-add) entries:
3100
Obligated balance, start of year
–327
–575
–1,795
3200
Obligated balance, end of year
–575
–1,795
–1,068
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
1,045
2,391
1,047
Outlays, gross:
4010
Outlays from new discretionary authority
396
828
785
4011
Outlays from discretionary balances
454
130
423
4020
Outlays, gross (total)
850
958
1,208
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources:
–269
–267
4033
Non-Federal sources
–776
–800
–780
4040
Offsets against gross budget authority and outlays (total)
–776
–1,069
–1,047
Additional offsets against gross budget authority only:
4050
Change in uncollected pymts, Fed sources, unexpired
–269
–1,322
4080
Outlays, net (discretionary)
74
–111
161
4180
Budget authority, net (total)
4190
Outlays, net (total)
74
–111
161
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 2022 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 2022, BEP expects to produce and deliver 7.6 billion notes to the FRB to meet currency demand.
Object Classification (in millions of dollars)
Identification code 020–4502–0–4–803
2020 actual
2021 est.
2022 est.
Reimbursable obligations:
Personnel compensation:
11.1
Full-time permanent
174
177
190
11.5
Other personnel compensation
41
40
33
11.9
Total personnel compensation
215
217
223
12.1
Civilian personnel benefits
74
73
74
21.0
Travel and transportation of persons
1
2
2
23.1
Rental payments to GSA
3
4
4
23.2
Rental payments to others
1
1
1
23.3
Communications, utilities, and miscellaneous charges
20
23
24
25.1
Advisory and assistance services
4
7
9
25.2
Other services from non-Federal sources
142
175
177
25.3
Other goods and services from Federal sources
35
41
908
25.4
Operation and maintenance of facilities
40
6
6
25.5
Research and development contracts
7
4
4
26.0
Supplies and materials
236
389
376
31.0
Equipment
100
127
136
99.0
Reimbursable obligations
878
1,069
1,944
99.5
Adjustment for rounding
1
99.9
Total new obligations, unexpired accounts
879
1,069
1,944
Employment Summary
Identification code 020–4502–0–4–803
2020 actual
2021 est.
2022 est.
2001
Reimbursable civilian full-time equivalent employment
1,740
1,863
1,863
United States Mint
Federal Funds
united states mint public enterprise fund
Pursuant to section 5136 of title 31, United States Code, the United States Mint is provided funding through the United States
Mint Public Enterprise Fund for costs associated with the production of circulating coins, numismatic coins, and protective
services, including both operating expenses and capital investments: Provided, That the aggregate amount of new liabilities and obligations incurred during fiscal year 2022 under such section 5136 for circulating coinage and protective service capital investments of the United States Mint shall
not exceed $50,000,000.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–4159–0–3–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0806
Total Operating
3,422
3,240
3,252
0807
Circulating and Protection Capital
30
50
50
0808
Numismatic Capital
10
11
11
0900
Total new obligations, unexpired accounts
3,462
3,301
3,313
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
468
600
620
1021
Recoveries of prior year unpaid obligations
20
20
20
1050
Unobligated balance (total)
488
620
640
Budget authority:
Spending authority from offsetting collections, discretionary:
1700
Collected
3,574
3,301
3,313
1930
Total budgetary resources available
4,062
3,921
3,953
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
600
620
640
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
412
440
366
3010
New obligations, unexpired accounts
3,462
3,301
3,313
3020
Outlays (gross)
–3,414
–3,355
–3,310
3040
Recoveries of prior year unpaid obligations, unexpired
–20
–20
–20
3050
Unpaid obligations, end of year
440
366
349
Memorandum (non-add) entries:
3100
Obligated balance, start of year
412
440
366
3200
Obligated balance, end of year
440
366
349
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
3,574
3,301
3,313
Outlays, gross:
4010
Outlays from new discretionary authority
3,329
2,641
2,650
4011
Outlays from discretionary balances
85
714
660
4020
Outlays, gross (total)
3,414
3,355
3,310
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–3,055
–3,301
–3,313
4034
Offsetting governmental collections
–519
4040
Offsets against gross budget authority and outlays (total)
–3,574
–3,301
–3,313
4080
Outlays, net (discretionary)
–160
54
–3
4180
Budget authority, net (total)
4190
Outlays, net (total)
–160
54
–3
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 2020,
the Mint transferred $40 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 2022 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 2022 is $50 million.
Numismatic Items. This activity funds the manufacturing of numismatic items, which include collectible coins and sets, medals, bullion coins,
and other products for sale to collectors and other members of the public who desire high-quality or investment-grade versions
of the Nation's coinage. These products include annual proof and uncirculated sets; investment-grade silver and gold bullion
coins; uncirculated silver and gold coins; proof silver, gold, platinum and palladium coins; and commemorative coins and medals
that are authorized to commemorate events, individuals, places, or other subjects. Prices for numismatic products are based
on the estimated product cost plus a reasonable margin to assure that the numismatic program operates at no net cost to the
taxpayer. Similarly, bullion coins are priced based on the market price of the precious metals plus a premium to cover manufacturing,
marketing, and distribution costs. Making numismatic products accessible, available, and affordable to Americans who choose
to purchase them is the highest priority of the Mint's numismatic operations.
Object Classification (in millions of dollars)
Identification code 020–4159–0–3–803
2020 actual
2021 est.
2022 est.
Reimbursable obligations:
Personnel compensation:
11.1
Full-time permanent
138
151
167
11.5
Other personnel compensation
16
12
16
11.9
Total personnel compensation
154
163
183
12.1
Civilian personnel benefits
55
55
55
13.0
Benefits for former personnel
1
1
21.0
Travel and transportation of persons
1
1
3
22.0
Transportation of things
33
39
21
23.1
Rental payments to GSA
1
23.2
Rental payments to others
11
14
14
23.3
Communications, utilities, and miscellaneous charges
14
19
19
24.0
Printing and reproduction
2
2
3
25.1
Advisory and assistance services
52
52
61
25.2
Other services from non-Federal sources
19
19
21
25.3
Other goods and services from Federal sources
20
21
21
25.4
Operation and maintenance of facilities
10
10
9
25.5
Research and development contracts
1
25.6
Medical care
1
1
1
25.7
Operation and maintenance of equipment
10
11
7
26.0
Supplies and materials
3,037
2,829
2,829
31.0
Equipment
30
51
52
32.0
Land and structures
13
13
12
99.0
Reimbursable obligations
3,463
3,301
3,313
99.5
Adjustment for rounding
–1
99.9
Total new obligations, unexpired accounts
3,462
3,301
3,313
Employment Summary
Identification code 020–4159–0–3–803
2020 actual
2021 est.
2022 est.
2001
Reimbursable civilian full-time equivalent employment
1,539
1,671
1,671
Internal Revenue Service
The Internal Revenue Service (IRS) collects the revenue that funds the Government and administers the Nation's tax laws. During
2020, the IRS processed 242 million tax forms and collected $3.5 trillion in taxes (gross receipts before tax refunds), totaling
96 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 2022 Budget provides $13.2 billion for the IRS to administer the tax code and implement key strategic priorities. In addition,
the Budget proposes to establish and fund a program integrity allocation adjustment in 2022 of $417 million for program integrity
activities. The activities through 2031 are estimated to generate and protect $50 billion in revenue over 10 years and cost
approximately $7 billion resulting in an estimated net savings of $43 billion. Once these investments are fully operational,
these initiatives are expected to generate roughly $8 in additional revenue for every $1 in IRS expenses.
The IRS played a critical role in delivering and implementing three rounds of Economic Impact Payments in record time to
eligible Americans and will begin implementation of the advance payments of the child tax credit enacted in the American Rescue
Plan in 2021. It also implemented multiple tax changes including new employer tax credits to help employers respond to the
COVID-19 pandemic and provided administrative relief to taxpayers including postponing the 2020 and 2021 tax deadlines and
the IRS People First Initiative. The pandemic also significantly impacted the IRSs services and workforce. The IRS temporarily
scaled back operations during the spring and summer, taking such steps as closing Taxpayer Assistance Centers, discontinuing
face-to-face interactions with taxpayers, and suspending telephone help lines. However, the IRS also implemented new ways
to provide services to taxpayers, including increased online services and updating IRS.gov (which saw a 146 percent increase
over 2019 levels).
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. In fiscal year 2020, the IRS
processed more than 145 million individual tax returns and issued more than 100 million federal tax refunds totaling more
than $276 billion.
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. During 2020,
the IRS achieved 1,187 criminal convictions with a conviction rate of 90.4 percent.
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
2020, the IRS reduced the percentage of aged hardware within the IT environment from 31 percent at the end of 2019 to 16 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, taxpayers will be able to receive
notifications, check their account balance, set up payment plans, and connect with an IRS representative through a single,
online session. Other projects will help the IRS manage its caseload, increase productivity of its workforce, and ensure the
security of taxpayer information.
Federal Funds
taxpayer services
For necessary expenses of the Internal Revenue Service to provide taxpayer services, including pre-filing assistance and education,
filing and account services, taxpayer advocacy services, and other services as authorized by 5 U.S.C. 3109, at such rates
as may be determined by the Commissioner, $2,940,876,000, of which not less than $11,000,000 shall be for the Tax Counseling for the Elderly Program, of which not less than $13,000,000
shall be available for low-income taxpayer clinic grants, of which not less than $30,000,000, to remain available until September
30, 2023, shall be available for the Community Volunteer Income Tax Assistance Matching Grants Program for tax return preparation
assistance, and of which not less than $211,000,000 shall be available for operating expenses of the Taxpayer Advocate Service:
Provided, That of the amounts made available for the Taxpayer Advocate Service, not less than $5,500,000 shall be for identity theft
and refund fraud casework.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–0912–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Pre-filing taxpayer assistance and education
634
674
718
0002
Filing and account services
2,086
2,586
2,392
0100
Subtotal, direct programs
2,720
3,260
3,110
0799
Total direct obligations
2,720
3,260
3,110
0801
Taxpayer Services (Reimbursable)
73
67
71
0900
Total new obligations, unexpired accounts
2,793
3,327
3,181
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
176
165
1011
Unobligated balance transfer from other acct [020–5432]
98
4
1012
Unobligated balance transfers between expired and unexpired accounts
5
1050
Unobligated balance (total)
5
274
169
Budget authority:
Appropriations, discretionary:
1100
Appropriation
2,512
2,555
2,941
1100
Appropriation [CARES Act]
353
1100
Appropriation [FFCRA, transferred to 020–0919]
15
1100
Appropriation [PL 116–260 Div. N — EIP #2]
178
1120
Appropriations transferred to other acct [020–0919]
–15
1121
Appropriations transferred from other acct [020–0919]
3
1121
Appropriations transferred from other acct [020–0913]
24
50
1121
Appropriations transferred from other acct [020–5432]
2
1160
Appropriation, discretionary (total)
2,892
2,785
2,941
Appropriations, mandatory:
1200
Appropriation [ARP Child Tax Credit]
150
1200
Appropriation [ARP EIP #3]
216
1260
Appropriations, mandatory (total)
366
Spending authority from offsetting collections, discretionary:
1700
Collected
53
67
71
1701
Change in uncollected payments, Federal sources
20
1750
Spending auth from offsetting collections, disc (total)
73
67
71
1900
Budget authority (total)
2,965
3,218
3,012
1930
Total budgetary resources available
2,970
3,492
3,181
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
176
165
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
201
308
215
3010
New obligations, unexpired accounts
2,793
3,327
3,181
3011
Obligations ("upward adjustments"), expired accounts
20
3020
Outlays (gross)
–2,690
–3,409
–3,163
3041
Recoveries of prior year unpaid obligations, expired
–16
–11
–11
3050
Unpaid obligations, end of year
308
215
222
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–20
–20
3070
Change in uncollected pymts, Fed sources, unexpired
–20
3090
Uncollected pymts, Fed sources, end of year
–20
–20
–20
Memorandum (non-add) entries:
3100
Obligated balance, start of year
201
288
195
3200
Obligated balance, end of year
288
195
202
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
2,965
2,852
3,012
Outlays, gross:
4010
Outlays from new discretionary authority
2,496
2,659
2,808
4011
Outlays from discretionary balances
194
545
205
4020
Outlays, gross (total)
2,690
3,204
3,013
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–59
–76
–80
4033
Non-Federal sources
–11
–16
–16
4040
Offsets against gross budget authority and outlays (total)
–70
–92
–96
Additional offsets against gross budget authority only:
4050
Change in uncollected pymts, Fed sources, unexpired
–20
4052
Offsetting collections credited to expired accounts
17
25
25
4060
Additional offsets against budget authority only (total)
–3
25
25
4070
Budget authority, net (discretionary)
2,892
2,785
2,941
4080
Outlays, net (discretionary)
2,620
3,112
2,917
Mandatory:
4090
Budget authority, gross
366
Outlays, gross:
4100
Outlays from new mandatory authority
205
4101
Outlays from mandatory balances
150
4110
Outlays, gross (total)
205
150
4180
Budget authority, net (total)
2,892
3,151
2,941
4190
Outlays, net (total)
2,620
3,317
3,067
Summary of Budget Authority and Outlays (in millions of dollars)
2020 actual
2021 est.
2022 est.
Enacted/requested:
Budget Authority
2,892
3,151
2,941
Outlays
2,620
3,317
3,067
Legislative proposal, subject to PAYGO:
Budget Authority
187
Outlays
174
Total:
Budget Authority
2,892
3,151
3,128
Outlays
2,620
3,317
3,241
This appropriation primarily funds staffing for the processing of tax returns and related documents, and assistance for taxpayers
in filing returns and paying taxes in a timely manner. It also supports a number of other activities, including forms, publications,
and taxpayer advocacy services.
Object Classification (in millions of dollars)
Identification code 020–0912–0–1–803
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
1,612
1,826
1,913
11.3
Other than full-time permanent
57
63
60
11.5
Other personnel compensation
119
125
133
11.9
Total personnel compensation
1,788
2,014
2,106
12.1
Civilian personnel benefits
661
799
728
13.0
Benefits for former personnel
8
20
20
21.0
Travel and transportation of persons
4
5
10
22.0
Transportation of things
1
1
1
23.3
Communications, utilities, and miscellaneous charges
1
1
1
24.0
Printing and reproduction
8
10
10
25.1
Advisory and assistance services
83
258
74
25.2
Other services from non-Federal sources
18
25
26
25.3
Other goods and services from Federal sources
97
69
74
26.0
Supplies and materials
3
4
5
41.0
Grants, subsidies, and contributions
48
54
55
99.0
Direct obligations
2,720
3,260
3,110
99.0
Reimbursable obligations
73
67
71
99.9
Total new obligations, unexpired accounts
2,793
3,327
3,181
Employment Summary
Identification code 020–0912–0–1–803
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
29,282
32,280
31,250
2001
Reimbursable civilian full-time equivalent employment
660
674
696
Taxpayer Services
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0912–4–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Pre-filing taxpayer assistance and education
7
0002
Filing and account services
180
0100
Subtotal, direct programs
187
0799
Total direct obligations
187
0900
Total new obligations, unexpired accounts
187
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
187
1930
Total budgetary resources available
187
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
187
3020
Outlays (gross)
–174
3050
Unpaid obligations, end of year
13
Memorandum (non-add) entries:
3200
Obligated balance, end of year
13
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
187
Outlays, gross:
4100
Outlays from new mandatory authority
174
4180
Budget authority, net (total)
187
4190
Outlays, net (total)
174
Consistent with the American Families Plan, the Budget proposes a multi-year initiative to improve tax compliance and enforcement,
modernize IRS IT systems, support increased information reporting, and support the Administration's proposal to make the Child
Tax Credit expansion and the advance payments permanent. This account provides the mandatory funding for that initiative.
Object Classification (in millions of dollars)
Identification code 020–0912–4–1–803
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
31
11.5
Other personnel compensation
1
11.9
Total personnel compensation
32
12.1
Civilian personnel benefits
13
21.0
Travel and transportation of persons
1
25.1
Advisory and assistance services
139
25.3
Other goods and services from Federal sources
2
99.0
Direct obligations
187
99.9
Total new obligations, unexpired accounts
187
Employment Summary
Identification code 020–0912–4–1–803
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
735
ENFORCEMENT
For necessary expenses for tax enforcement activities of the Internal Revenue Service to determine and collect owed taxes,
to provide legal and litigation support, to conduct criminal investigations, to enforce criminal statutes related to violations
of internal revenue laws and other financial crimes, to purchase and hire passenger motor vehicles (31 U.S.C. 1343(b)), and
to provide other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $5,462,823,000, of which not to exceed $250,000,000 shall remain available until September 30, 2023; of which not less than $60,257,000 shall be for the Interagency Crime and Drug Enforcement program; and of which not to
exceed $21,000,000 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.
In addition, $287,452,000, for an additional amount to meet the terms of a concurrent resolution on the budget for tax enforcement
activities under this heading, including tax compliance to address the Federal tax gap: Provided, That such additional amounts
may not be transferred or reprogrammed for any other activity.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–0913–0–1–999
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Investigations
640
726
800
0002
Exam and Collections
4,005
4,199
4,497
0003
Regulatory
158
181
192
0004
Program Integrity Allocation Adjustment
288
0100
Subtotal, Direct program
4,803
5,106
5,777
0799
Total direct obligations
4,803
5,106
5,777
0801
Enforcement (Reimbursable)
42
40
43
0900
Total new obligations, unexpired accounts
4,845
5,146
5,820
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
52
276
200
1001
Discretionary unobligated balance brought fwd, Oct 1
48
1011
Unobligated balance transfer from other acct [020–5432]
2
1012
Unobligated balance transfers between expired and unexpired accounts
22
1021
Recoveries of prior year unpaid obligations
1
1033
Recoveries of prior year paid obligations
4
3
3
1050
Unobligated balance (total)
81
279
203
Budget authority:
Appropriations, discretionary:
1100
Appropriation
5,010
5,213
5,750
1100
Appropriation [CARES Act]
79
1100
Appropriation (PL 116–260 Div. N — EIP #2)
58
1120
Appropriations transferred to other acct [020–0919]
–76
–216
1120
Appropriations transferred to other acct [020–0912]
–24
–50
1121
Appropriations transferred from other acct [020–0919]
4
1160
Appropriation, discretionary (total)
4,993
5,005
5,750
Spending authority from offsetting collections, discretionary:
1700
Collected
18
28
29
1701
Change in uncollected payments, Federal sources
30
34
36
1750
Spending auth from offsetting collections, disc (total)
48
62
65
1900
Budget authority (total)
5,041
5,067
5,815
1930
Total budgetary resources available
5,122
5,346
6,018
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
276
200
198
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
416
500
205
3010
New obligations, unexpired accounts
4,845
5,146
5,820
3011
Obligations ("upward adjustments"), expired accounts
17
3020
Outlays (gross)
–4,760
–5,426
–5,773
3040
Recoveries of prior year unpaid obligations, unexpired
–1
3041
Recoveries of prior year unpaid obligations, expired
–17
–15
–15
3050
Unpaid obligations, end of year
500
205
237
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–21
–32
–66
3070
Change in uncollected pymts, Fed sources, unexpired
–30
–34
–36
3071
Change in uncollected pymts, Fed sources, expired
19
3090
Uncollected pymts, Fed sources, end of year
–32
–66
–102
Memorandum (non-add) entries:
3100
Obligated balance, start of year
395
468
139
3200
Obligated balance, end of year
468
139
135
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
5,041
5,067
5,815
Outlays, gross:
4010
Outlays from new discretionary authority
4,338
4,708
5,405
4011
Outlays from discretionary balances
421
717
367
4020
Outlays, gross (total)
4,759
5,425
5,772
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–40
–58
–59
4033
Non-Federal sources
–13
–18
–18
4040
Offsets against gross budget authority and outlays (total)
–53
–76
–77
Additional offsets against gross budget authority only:
4050
Change in uncollected pymts, Fed sources, unexpired
–30
–34
–36
4052
Offsetting collections credited to expired accounts
31
45
45
4053
Recoveries of prior year paid obligations, unexpired accounts
4
3
3
4060
Additional offsets against budget authority only (total)
5
14
12
4070
Budget authority, net (discretionary)
4,993
5,005
5,750
4080
Outlays, net (discretionary)
4,706
5,349
5,695
Mandatory:
Outlays, gross:
4101
Outlays from mandatory balances
1
1
1
4180
Budget authority, net (total)
4,993
5,005
5,750
4190
Outlays, net (total)
4,707
5,350
5,696
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 a $287 million program integrity allocation adjustment for additional tax enforcement
and compliance activities. This account also supports the Economic Impact Payments and other fast and direct relief pursuant
to laws such as the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Division N of the Consolidated Appropriations
Act, 2021, and the American Rescue Plan Act of 2021.
Object Classification (in millions of dollars)
Identification code 020–0913–0–1–999
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
3,081
3,133
3,466
11.3
Other than full-time permanent
28
27
28
11.5
Other personnel compensation
106
151
158
11.8
Special personal services payments
46
43
43
11.9
Total personnel compensation
3,261
3,354
3,695
12.1
Civilian personnel benefits
1,238
1,301
1,481
21.0
Travel and transportation of persons
35
55
138
22.0
Transportation of things
9
9
19
23.3
Communications, utilities, and miscellaneous charges
5
5
5
24.0
Printing and reproduction
3
3
4
25.1
Advisory and assistance services
130
220
223
25.2
Other services from non-Federal sources
27
44
63
25.3
Other goods and services from Federal sources
35
51
65
25.7
Operation and maintenance of equipment
2
3
15
26.0
Supplies and materials
31
26
29
31.0
Equipment
15
19
24
42.0
Insurance claims and indemnities
4
1
1
91.0
Unvouchered
8
15
15
99.0
Direct obligations
4,803
5,106
5,777
99.0
Reimbursable obligations
40
40
43
99.5
Adjustment for rounding
2
99.9
Total new obligations, unexpired accounts
4,845
5,146
5,820
Employment Summary
Identification code 020–0913–0–1–999
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
34,249
35,620
39,424
2001
Reimbursable civilian full-time equivalent employment
49
63
65
Enforcement
(Legislative proposal, subject to PAYGO)
Consistent with the American Families Plan, the Budget proposes a multi-year initiative to improve tax compliance and enforcement,
modernize IRS IT systems, support increased information reporting, and support the Administration's proposal to make the Child
Tax Credit expansion and the advance payments permanent. This account provides the mandatory funding for that initiative.
OPERATIONS SUPPORT
For necessary expenses of the Internal Revenue Service to support taxpayer services and enforcement programs, including rent
payments; facilities services; printing; postage; physical security; headquarters and other IRS-wide administration activities;
research and statistics of income; telecommunications; information technology development, enhancement, operations, maintenance,
and security; the hire of passenger motor vehicles (31 U.S.C. 1343(b)); the operations of the Internal Revenue Service Oversight
Board; and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner; $4,448,195,000, of which not to exceed $275,000,000 shall remain available until September 30, 2023; 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, 2024, for research; of which not less than $10,000,000, to remain available until expended, shall be available for establishment
of an application through which entities registering and renewing registrations in the System for Award Management may request
an authenticated electronic certification stating that the entity does or does not have a seriously delinquent tax debt; 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 2023, a summary of cost and schedule performance information for its major information technology systems.
In addition, $129,445,000, for an additional amount to meet the terms of a concurrent resolution on the budget for tax enforcement
activities under this heading, including tax compliance to address the Federal tax gap: Provided, That such additional amounts
may not be transferred or reprogrammed for any other activity.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–0919–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0002
Infrastructure
885
906
971
0003
Shared Services and Support
1,071
1,395
1,089
0004
Information Services
2,539
3,250
3,022
0005
Program Integrity Allocation Adjustment
129
0100
Subtotal, direct programs
4,495
5,551
5,211
0799
Total direct obligations
4,495
5,551
5,211
0801
Operations Support (Reimbursable)
65
72
76
0900
Total new obligations, unexpired accounts
4,560
5,623
5,287
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
58
162
490
1011
Unobligated balance transfer from other acct [020–5432]
360
213
175
1012
Unobligated balance transfers between expired and unexpired accounts
9
1021
Recoveries of prior year unpaid obligations
17
10
10
1050
Unobligated balance (total)
444
385
675
Budget authority:
Appropriations, discretionary:
1100
Appropriation
3,808
3,928
4,578
1100
Appropriation [CARES Act]
319
1100
Appropriation [PL 116–260 Div. N — EIP #2]
273
1120
Appropriations transferred to other acct [020–0912]
–3
1120
Appropriations transferred to other acct [020–0913]
–4
1121
Appropriations transferred from other acct [020–5432]
4
243
256
1121
Appropriations transferred from other acct [020–0912]
15
1121
Appropriations transferred from other acct [020–0913]
76
216
1160
Appropriation, discretionary (total)
4,215
4,660
4,834
Appropriations, mandatory:
1200
Appropriation [ARP Child Tax Credit]
247
1200
Appropriation [ARP EIP #3]
249
1200
Appropriation [ARP Modernization]
500
1260
Appropriations, mandatory (total)
996
Spending authority from offsetting collections, discretionary:
1700
Collected
49
72
76
1701
Change in uncollected payments, Federal sources
15
1750
Spending auth from offsetting collections, disc (total)
64
72
76
1900
Budget authority (total)
4,279
5,728
4,910
1930
Total budgetary resources available
4,723
6,113
5,585
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
162
490
298
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1,162
1,141
1,324
3010
New obligations, unexpired accounts
4,560
5,623
5,287
3011
Obligations ("upward adjustments"), expired accounts
39
3020
Outlays (gross)
–4,517
–5,374
–5,322
3040
Recoveries of prior year unpaid obligations, unexpired
–17
–10
–10
3041
Recoveries of prior year unpaid obligations, expired
–86
–56
–56
3050
Unpaid obligations, end of year
1,141
1,324
1,223
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–5
–15
–15
3070
Change in uncollected pymts, Fed sources, unexpired
–15
3071
Change in uncollected pymts, Fed sources, expired
5
3090
Uncollected pymts, Fed sources, end of year
–15
–15
–15
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1,157
1,126
1,309
3200
Obligated balance, end of year
1,126
1,309
1,208
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
4,279
4,732
4,910
Outlays, gross:
4010
Outlays from new discretionary authority
3,376
3,760
3,900
4011
Outlays from discretionary balances
1,141
1,136
1,167
4020
Outlays, gross (total)
4,517
4,896
5,067
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–54
–75
–79
4033
Non-Federal sources
–7
–9
–9
4040
Offsets against gross budget authority and outlays (total)
–61
–84
–88
Additional offsets against gross budget authority only:
4050
Change in uncollected pymts, Fed sources, unexpired
–15
4052
Offsetting collections credited to expired accounts
12
12
12
4060
Additional offsets against budget authority only (total)
–3
12
12
4070
Budget authority, net (discretionary)
4,215
4,660
4,834
4080
Outlays, net (discretionary)
4,456
4,812
4,979
Mandatory:
4090
Budget authority, gross
996
Outlays, gross:
4100
Outlays from new mandatory authority
478
4101
Outlays from mandatory balances
255
4110
Outlays, gross (total)
478
255
4180
Budget authority, net (total)
4,215
5,656
4,834
4190
Outlays, net (total)
4,456
5,290
5,234
Summary of Budget Authority and Outlays (in millions of dollars)
2020 actual
2021 est.
2022 est.
Enacted/requested:
Budget Authority
4,215
5,656
4,834
Outlays
4,456
5,290
5,234
Legislative proposal, subject to PAYGO:
Budget Authority
695
Outlays
567
Total:
Budget Authority
4,215
5,656
5,529
Outlays
4,456
5,290
5,801
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 a $129 million program integrity allocation adjustment to support additional tax enforcement
and compliance activities.
Object Classification (in millions of dollars)
Identification code 020–0919–0–1–803
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
1,275
1,445
1,454
11.3
Other than full-time permanent
6
5
6
11.5
Other personnel compensation
24
35
37
11.9
Total personnel compensation
1,305
1,485
1,497
12.1
Civilian personnel benefits
459
493
531
21.0
Travel and transportation of persons
6
8
11
22.0
Transportation of things
14
14
16
23.1
Rental payments to GSA
580
580
609
23.2
Rental payments to others
9
7
7
23.3
Communications, utilities, and miscellaneous charges
350
621
394
24.0
Printing and reproduction
38
37
22
25.1
Advisory and assistance services
901
1,418
1,149
25.2
Other services from non-Federal sources
27
55
54
25.3
Other goods and services from Federal sources
69
113
75
25.4
Operation and maintenance of facilities
193
200
223
25.6
Medical care
14
15
18
25.7
Operation and maintenance of equipment
80
75
89
26.0
Supplies and materials
13
11
12
31.0
Equipment
400
360
438
32.0
Land and structures
36
58
65
42.0
Insurance claims and indemnities
1
1
1
99.0
Direct obligations
4,495
5,551
5,211
99.0
Reimbursable obligations
66
72
76
99.5
Adjustment for rounding
–1
99.9
Total new obligations, unexpired accounts
4,560
5,623
5,287
Employment Summary
Identification code 020–0919–0–1–803
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
11,883
12,930
12,615
1001
Direct civilian full-time equivalent employment
4
2001
Reimbursable civilian full-time equivalent employment
81
71
73
Operations Support
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0919–4–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0002
Infrastructure
20
0003
Shared Services and Support
76
0004
Information Services
599
0100
Subtotal, direct programs
695
0799
Total direct obligations
695
0900
Total new obligations, unexpired accounts
695
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
695
1930
Total budgetary resources available
695
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
695
3020
Outlays (gross)
–567
3050
Unpaid obligations, end of year
128
Memorandum (non-add) entries:
3200
Obligated balance, end of year
128
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
695
Outlays, gross:
4100
Outlays from new mandatory authority
567
4180
Budget authority, net (total)
695
4190
Outlays, net (total)
567
Consistent with the American Families Plan, the Budget proposes a multi-year initiative to improve tax compliance and enforcement,
modernize IRS IT systems, support increased information reporting, and support the Administration's proposal to make the Child
Tax Credit expansion and the advance payments permanent. This account provides the mandatory funding for that initiative.
Object Classification (in millions of dollars)
Identification code 020–0919–4–1–803
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
156
11.5
Other personnel compensation
2
11.9
Total personnel compensation
158
12.1
Civilian personnel benefits
61
21.0
Travel and transportation of persons
1
22.0
Transportation of things
80
23.1
Rental payments to GSA
2
23.3
Communications, utilities, and miscellaneous charges
3
25.1
Advisory and assistance services
254
25.2
Other services from non-Federal sources
3
25.3
Other goods and services from Federal sources
2
25.4
Operation and maintenance of facilities
2
25.7
Operation and maintenance of equipment
1
26.0
Supplies and materials
1
31.0
Equipment
116
32.0
Land and structures
11
99.0
Direct obligations
695
99.9
Total new obligations, unexpired accounts
695
Employment Summary
Identification code 020–0919–4–1–803
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
1,432
BUSINESS SYSTEMS MODERNIZATION
For necessary expenses of the Internal Revenue Service's business systems modernization program, $305,032,000, to remain available until September 30, 2024, for the capital asset acquisition of information technology systems, including management and related contractual costs
of said acquisitions, including related Internal Revenue Service labor costs, and contractual costs associated with operations
authorized by 5 U.S.C. 3109: Provided, That not later than 30 days after the end of each quarter, the Internal Revenue Service shall submit a report to the Committees
on Appropriations of the House of Representatives and the Senate and the Comptroller General of the United States detailing
major information technology investments in the Internal Revenue Service Integrated Modernization Business Plan portfolio,
including detailed, plain language summaries on the status of plans, costs, and results; prior results and actual expenditures
of the prior quarter; upcoming deliverables and costs for the fiscal year; risks and mitigation strategies associated with
ongoing work; reasons for any cost or schedule variances; and total expenditures by fiscal year.
(Department of the Treasury Appropriations Act, 2021.)
Program and Financing (in millions of dollars)
Identification code 020–0921–0–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Business Systems Modernization
299
349
532
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
30
30
438
1011
Unobligated balance transfer from other acct [020–5432]
92
1021
Recoveries of prior year unpaid obligations
12
5
3
1050
Unobligated balance (total)
134
35
441
Budget authority:
Appropriations, discretionary:
1100
Appropriation
180
223
305
1121
Appropriations transferred from other acct [020–5432]
15
29
1160
Appropriation, discretionary (total)
195
252
305
Appropriations, mandatory:
1200
Appropriation [ARP IT Modernization]
500
1900
Budget authority (total)
195
752
305
1930
Total budgetary resources available
329
787
746
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
30
438
214
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
171
161
172
3010
New obligations, unexpired accounts
299
349
532
3020
Outlays (gross)
–295
–331
–401
3040
Recoveries of prior year unpaid obligations, unexpired
–12
–5
–3
3041
Recoveries of prior year unpaid obligations, expired
–2
–2
–2
3050
Unpaid obligations, end of year
161
172
298
Memorandum (non-add) entries:
3100
Obligated balance, start of year
171
161
172
3200
Obligated balance, end of year
161
172
298
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
195
252
305
Outlays, gross:
4010
Outlays from new discretionary authority
101
108
131
4011
Outlays from discretionary balances
194
143
95
4020
Outlays, gross (total)
295
251
226
Mandatory:
4090
Budget authority, gross
500
Outlays, gross:
4100
Outlays from new mandatory authority
80
4101
Outlays from mandatory balances
175
4110
Outlays, gross (total)
80
175
4180
Budget authority, net (total)
195
752
305
4190
Outlays, net (total)
295
331
401
Summary of Budget Authority and Outlays (in millions of dollars)
2020 actual
2021 est.
2022 est.
Enacted/requested:
Budget Authority
195
752
305
Outlays
295
331
401
Legislative proposal, subject to PAYGO:
Budget Authority
260
Outlays
212
Total:
Budget Authority
195
752
565
Outlays
295
331
613
This appropriation provides resources for the planning and capital asset acquisition of information technology to modernize
key tax administration systems based on the IRS's multi-year plan to transform the taxpayer experience and modernize the core
tax processing systems while enhancing information technology and taxpayer protections. It provides funding to support the
Customer Account Data Engine (CADE2); cybersecurity; IT infrastructure; the Enterprise Case Management system; and taxpayers'
online experience and secure digital communications and capabilities.
Object Classification (in millions of dollars)
Identification code 020–0921–0–1–803
2020 actual
2021 est.
2022 est.
11.1
Direct obligations: Personnel compensation: Full-time permanent
49
60
97
11.9
Total personnel compensation
49
60
97
12.1
Civilian personnel benefits
16
21
33
25.1
Advisory and assistance services
226
246
337
25.7
Operation and maintenance of equipment
1
4
7
26.0
Supplies and materials
1
1
31.0
Equipment
7
17
57
99.0
Direct obligations
299
349
532
99.9
Total new obligations, unexpired accounts
299
349
532
Employment Summary
Identification code 020–0921–0–1–803
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
355
598
803
Business Systems Modernization
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0921–4–1–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Business Systems Modernization
260
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
260
1930
Total budgetary resources available
260
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
260
3020
Outlays (gross)
–212
3050
Unpaid obligations, end of year
48
Memorandum (non-add) entries:
3200
Obligated balance, end of year
48
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
260
Outlays, gross:
4100
Outlays from new mandatory authority
212
4180
Budget authority, net (total)
260
4190
Outlays, net (total)
212
Consistent with the American Families Plan, the Budget proposes a multi-year initiative to improve tax compliance and enforcement,
modernize IRS IT systems, support increased information reporting, and support the Administrations proposal to make the Child
Tax Credit expansion and the advance payments permanent. This account provides the mandatory funding for that initiative.
Object Classification (in millions of dollars)
Identification code 020–0921–4–1–803
2020 actual
2021 est.
2022 est.
11.1
Direct obligations: Personnel compensation: Full-time permanent
55
11.9
Total personnel compensation
55
12.1
Civilian personnel benefits
24
25.1
Advisory and assistance services
144
25.7
Operation and maintenance of equipment
2
31.0
Equipment
35
99.0
Direct obligations
260
99.9
Total new obligations, unexpired accounts
260
Employment Summary
Identification code 020–0921–4–1–803
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
475
Working Capital Fund
Program and Financing (in millions of dollars)
Identification code 020–4582–0–4–999
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0801
IRS Centralized Services
200
Budgetary resources:
Budget authority:
Spending authority from offsetting collections, discretionary:
1700
Collected
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:
Discretionary:
4000
Budget authority, gross
200
Outlays, gross:
4010
Outlays from new discretionary authority
200
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–200
4180
Budget authority, net (total)
4190
Outlays, net (total)
The Budget proposes to establish a working capital fund for centralized services. The fund will allow the IRS to achieve
cost savings, promote economies of scale, establish more consistent processes and policies, and improve how it delivers facility
services, technology, and other centralized services for its business units.
Object Classification (in millions of dollars)
Identification code 020–4582–0–4–999
2020 actual
2021 est.
2022 est.
Reimbursable obligations:
22.0
Transportation of things
4
23.3
Communications, utilities, and miscellaneous charges
50
24.0
Printing and reproduction
9
25.1
Advisory and assistance services
67
25.2
Other services from non-Federal sources
8
25.3
Other goods and services from Federal sources
24
25.7
Operation and maintenance of equipment
5
26.0
Supplies and materials
1
31.0
Equipment
18
32.0
Land and structures
14
99.9
Total new obligations, unexpired accounts
200
Build America Bond Payments, Recovery Act
Program and Financing (in millions of dollars)
Identification code 020–0935–0–1–806
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Build America Bond Payments, Recovery Act (Direct)
2,075
2,642
2,614
0900
Total new obligations, unexpired accounts (object class 41.0)
2,075
2,642
2,614
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2,205
2,801
2,772
1230
Appropriations and/or unobligated balance of appropriations permanently reduced
–130
–159
–158
1260
Appropriations, mandatory (total)
2,075
2,642
2,614
1930
Total budgetary resources available
2,075
2,642
2,614
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
2,075
2,642
2,614
3020
Outlays (gross)
–2,075
–2,642
–2,614
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
2,075
2,642
2,614
Outlays, gross:
4100
Outlays from new mandatory authority
2,075
2,642
2,614
4180
Budget authority, net (total)
2,075
2,642
2,614
4190
Outlays, net (total)
2,075
2,642
2,614
The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1531, allows State and local governments to issue
Build America Bonds through December 31, 2010. These tax credit bonds, which include Recovery Zone Bonds, differ from tax-exempt
governmental obligation bonds in two principal ways: 1) interest paid on tax credit bonds is taxable; and 2) a portion of
the interest paid on tax credit bonds takes the form of a Federal tax credit. The bond issuer may elect to receive a direct
payment in the amount of the tax credit for obligations issued before January 1, 2011. This account reflects the continuing
interest payments over time.
Payment Where Earned Income Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
Identification code 020–0906–0–1–609
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment Where Earned Income Credit Exceeds Liability for Tax (Direct)
57,577
60,855
73,089
0002
Payment where Earned Income Tax Credit Exceeds Liability for Tax Territories
867
0900
Total new obligations, unexpired accounts (object class 41.0)
57,577
60,855
73,956
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
57,577
60,855
73,956
1930
Total budgetary resources available
57,577
60,855
73,956
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
57,577
60,855
73,956
3020
Outlays (gross)
–57,577
–60,855
–73,956
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
57,577
60,855
73,956
Outlays, gross:
4100
Outlays from new mandatory authority
57,577
60,855
73,956
4180
Budget authority, net (total)
57,577
60,855
73,956
4190
Outlays, net (total)
57,577
60,855
73,956
Summary of Budget Authority and Outlays (in millions of dollars)
2020 actual
2021 est.
2022 est.
Enacted/requested:
Budget Authority
57,577
60,855
73,956
Outlays
57,577
60,855
73,956
Legislative proposal, subject to PAYGO:
Budget Authority
–10
Outlays
–10
Total:
Budget Authority
57,577
60,855
73,946
Outlays
57,577
60,855
73,946
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.
Section 211 of the Consolidated Appropriations Act, 2021 (P.L. 116–260) and Sections 9621 through 9626 of the American Rescue
Plan Act of 2021, Pub. Law No. 117–2, 135 Stat. 4 (Mar. 11, 2021) (American Rescue Plan) modified the EITC. For Tax Year 2021
only, the American Rescue Plan, generally, (i) reduced from 25 to 19 the minimum age to claim the EITC with no qualifying
children (Childless EITC); (ii) eliminated the upper-age limit for the Childless EITC; (iii) increased the credit and phaseout
percentages for the Childless EITC; and (iv) allowed individuals to use their earned income from Tax Year 2019 instead of
their earned income from Tax Year 2021, if earned income from Tax Year 2021 is less, for purposes of calculating the EITC
for Tax Year 2021. The American Rescue Plan also permanently modified the rules, beginning in 2021, regarding (i) children
who fail to meet certain identification requirements, (ii) separated spouses, (iii) the disqualified investment income test,
and (iv) the application of the EITC to the U.S. territories.
Payment Where Earned Income Credit Exceeds Liability for Tax
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0906–4–1–609
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment Where Earned Income Credit Exceeds Liability for Tax (Direct)
–10
0900
Total new obligations, unexpired accounts (object class 41.0)
–10
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
–10
1930
Total budgetary resources available
–10
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
–10
3020
Outlays (gross)
10
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
–10
Outlays, gross:
4100
Outlays from new mandatory authority
–10
4180
Budget authority, net (total)
–10
4190
Outlays, net (total)
–10
The Budget proposes to extend permanently the changes made by the American Rescue Plan Act of 2021 (P.L. 117–2) to the Earned
Income Tax Credit for individuals with no qualifying children.
U.S. Coronavirus Payments
Program and Financing (in millions of dollars)
Identification code 020–0905–0–1–609
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Economic Impact Payments
270,034
1,388
0002
Economic Impact Payments, Territories
4,620
525
25
0003
Economic Impact Payments, 2nd
141,472
0004
Economic Impact Payments, Territories 2nd
3,735
15
0005
Recovery Rebate Credit
24,902
2,767
0006
Economic Impact Payments, 3rd
369,875
0007
Economic Impact Payments, Territories 3rd
3,727
413
0900
Total new obligations, unexpired accounts (object class 41.0)
274,654
545,624
3,220
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation [CARES Act]
274,654
7,019
592
1200
Appropriation [CAA]
154,366
1,033
1200
Appropriation [ARP]
384,239
1,595
1260
Appropriations, mandatory (total)
274,654
545,624
3,220
1930
Total budgetary resources available
274,654
545,624
3,220
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
274,654
545,624
3,220
3020
Outlays (gross)
–274,654
–545,624
–3,220
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
274,654
545,624
3,220
Outlays, gross:
4100
Outlays from new mandatory authority
274,654
545,624
3,220
4180
Budget authority, net (total)
274,654
545,624
3,220
4190
Outlays, net (total)
274,654
545,624
3,220
This account includes the 2020 and 2021 recovery rebate credits, including the advance Economic Impact Payments of those
credits, enacted in Section 2201 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (P.L. 116–136), Section
272 of the Consolidated Appropriations Act, 2021 (P.L. 116–260), and Section 9601(a) of the American Rescue Plan Act of 2021,
(P.L. 117–2).
Payment Where Child Tax Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
Identification code 020–0922–0–1–609
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment Where Child Tax Credit Exceeds Liability for Tax (Direct)
27,779
29,559
55,844
0002
Payment where Child Credit Exceeds Liability for Tax Territories
425
1,431
0003
Payment for the Advanced Child Tax Credit
49,558
49,559
0900
Total new obligations, unexpired accounts (object class 41.0)
27,779
79,542
106,834
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
27,779
79,542
106,834
1930
Total budgetary resources available
27,779
79,542
106,834
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
27,779
79,542
106,834
3020
Outlays (gross)
–27,779
–79,542
–106,834
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
27,779
79,542
106,834
Outlays, gross:
4100
Outlays from new mandatory authority
27,779
79,542
106,834
4180
Budget authority, net (total)
27,779
79,542
106,834
4190
Outlays, net (total)
27,779
79,542
106,834
Summary of Budget Authority and Outlays (in millions of dollars)
2020 actual
2021 est.
2022 est.
Enacted/requested:
Budget Authority
27,779
79,542
106,834
Outlays
27,779
79,542
106,834
Legislative proposal, subject to PAYGO:
Budget Authority
80,950
Outlays
80,950
Total:
Budget Authority
27,779
79,542
187,784
Outlays
27,779
79,542
187,784
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.
In Sections 9611 and 9612 of the American Rescue Plan Act of 2021, P.L. No. 117–2, 135 Stat. 4 (Mar. 11, 2021) (American
Rescue Plan) amended the Internal Revenue Code (Code) to modify the CTC for 2021 only. Section 9611 of the American Rescue
Plan amended Section 24 of the Code to make the entire amount of the CTC refundable and extended the CTC to cover children
17 years old and younger. The legislation also increased the amount of the CTC from $2,000 to $3,600 for children under age
6, and $3,000 for other children under age 18. The amount of this increase in the CTC that is, the $1,600 in the case of a
qualifying child under age 6 and $1,000 in the case of another qualifying children under age 18 is reduced by $50 for each
$1,000 (or fraction thereof) by which the taxpayers modified adjusted gross income (MAGI) exceeds certain thresholds. These
thresholds are (i) $150,000 for joint filers and surviving spouses, (ii) $112,500 for heads of household, and (iii) $75,000
in all other cases. In addition, the American Rescue Plan amended the Code to require advance payments of the CTC to be made
periodically throughout 2021, beginning after July 1, based on the taxpayers 2020 or 2019 tax returns, in an aggregate amount
equal to 50 percent of the amount of the taxpayers refundable CTC. Section 9612 of the American Rescue Plan amended Section
24 of the Code to provide that bona fide residents of the U.S. territories also are eligible for the expanded refundable CTC
for 2021.
Payment Where Child Tax Credit Exceeds Liability for Tax
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0922–4–1–609
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment Where Child Tax Credit Exceeds Liability for Tax (Direct)
80,950
0900
Total new obligations, unexpired accounts (object class 41.0)
80,950
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
80,950
1930
Total budgetary resources available
80,950
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
80,950
3020
Outlays (gross)
–80,950
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
80,950
Outlays, gross:
4100
Outlays from new mandatory authority
80,950
4180
Budget authority, net (total)
80,950
4190
Outlays, net (total)
80,950
The Budget proposes to extend permanently the full refundability of the Child Tax Credit made by the American Rescue Plan
of 2021. In addition, the proposal would extend through 2025, other changes made by the American Rescue Plan, including: increasing
to 17 the maximum age an individual may be claimed as a qualifying child; increasing the maximum credit amount to $3,600 for
each qualifying children under age 6 and to the $3,000 for each other qualifying children under age 18; and allowing half
of the credit to be paid in advance.
Payment Where Health Coverage Tax Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
Identification code 020–0923–0–1–551
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment Where Health Coverage Tax Credit Exceeds Liability for T (Direct)
13
31
10
0900
Total new obligations, unexpired accounts (object class 41.0)
13
31
10
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
13
31
10
1930
Total budgetary resources available
13
31
10
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
13
31
10
3020
Outlays (gross)
–13
–31
–10
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
13
31
10
Outlays, gross:
4100
Outlays from new mandatory authority
13
31
10
4180
Budget authority, net (total)
13
31
10
4190
Outlays, net (total)
13
31
10
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.
U.S. Coronavirus Refundable Credits
Program and Financing (in millions of dollars)
Identification code 020–0936–0–1–609
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Paid Family and Sick Leave Credits
186
363
97
0002
Paid Family and Sick Leave Credits, Territories
45
0003
Employee Retention Credit
528
61,577
38,245
0004
Employee Retention Credit, Territories
130
0005
COBRA Credits
42,702
10,676
0900
Total new obligations, unexpired accounts (object class 41.0)
714
104,817
49,018
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
714
104,817
49,018
1930
Total budgetary resources available
714
104,817
49,018
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
714
104,817
49,018
3020
Outlays (gross)
–714
–104,817
–49,018
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
714
104,817
49,018
Outlays, gross:
4100
Outlays from new mandatory authority
714
104,817
49,018
4180
Budget authority, net (total)
714
104,817
49,018
4190
Outlays, net (total)
714
104,817
49,018
Employee Retention Credit.—Section 2301 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, P.L. 116–136) created the employee retention
credit, a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages certain businesses
and tax-exempt employers pay to employees (up to $10,000 per employee) after March 12, 2020, and before January 1, 2021. Eligible
employers could get immediate access to the credit by reducing employment tax deposits they were otherwise required to make
or requesting an advance of the credit.
Section 206 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted as Division EE of the Consolidated Appropriations
Act, 2021 (P.L. 116–260) amended and made technical changes to section 2301 of the CARES Act retroactive to the section 2301's
original effective date including permitting an employer that received a Paycheck Protection Program (PPP) loan to be eligible
to claim an employee retention credit under section 2301 , provided the wages reported in support of the forgiveness of the
PPP loan are not the same wages for which the credit is claimed.
Section 207 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020 extended the employee retention credit to qualified
wages paid after December 31, 2020 and before July 1, 2021; increased the maximum credit amount that may be claimed per employee
(making it equal to 70 percent of $10,000 of qualified wages paid to an employee per calendar quarter); limited eligibility
for and amount of the credit advance; and expanded the category of employers that may be entitled to claim the credit, among
other technical amendments.
Section 9651 of the American Rescue Plan (ARP) Act of 2021 (P.L. 117–2) extended the availability of the employee retention
credit to wages paid after June 30, 2021, and before January 1, 2022. Section 3134 generally maintained the structure of the
employee retention credit as provided under section 2301 of the CARES Act, as amended, with certain changes.
Employers in a U.S. Territory that otherwise qualify for the employee retention credit can claim the credit. Payments of wages
by employers in U.S. Territories are wages within the meaning of section 3121(a) and therefore employers eligible to claim
the credit include employers in the U.S. Territories that pay qualified wages and otherwise meet the requirements for the
credit.
Paid Leave Credits.—Sections 7001 and 7003 of Division G of the Families First Coronavirus Response Act (FFCRA, P.L. 116–127) created refundable
tax credits against certain employment taxes for small and midsize employers to reimburse them for the cost of providing required
paid sick and family leave wages to their employees for leave related to COVID-19 as set forth under Division E, the Emergency
Paid Sick Leave Act (EPSLA) and Division C, the Emergency Family and Medical Leave Expansion Act (Expanded FMLA) of the FFCRA.
Sections 7002 and 7004 of the FFCRA created similar credits for certain self-employed persons in similar COVID-related circumstances.
An employer is eligible for credits for qualified sick leave wages up to $511 per day and $5,110 in the aggregate (for up
to 10 days of leave) and up to $200 per day and $10,000 in the aggregate (for up to 10 weeks of leave) for qualifying COVID-related
leave reasons. Eligible employers could get immediate access to the credit by reducing employment tax deposits they are otherwise
required to make or requesting an advance of the credit. The requirement to provide leave under the EPSLA and Expanded FMLA
expired on December 31, 2020, but the credits for paid leave that otherwise would have satisfied the requirements under the
EPSLA and Expanded FMLA were later extended through September 30, 2021.
Sections 286, 287 and 288 of the COVID-related Tax Relief Act of 2020, enacted under Division N of the Consolidated Appropriations
Act, 2021 (P.L. 116–260) extended the credits for periods of leave from January 1, 2021, through March 31, 2021, and made
certain technical improvements to the FFCRA credit provisions.
Section 9641 of the ARP extended the credits through the period from April 1, 2021 through September 30, 2021; expanded the
category of employers eligible for the credit; reset the limitations on the amount of qualified wages that may be taken into
account for purposes of the credits (and increased the aggregate cap for paid family leave wages from $10,000 to $12,000);
expanded the category of qualifying reasons for paid leave wages eligible for the credits (including leave to receive and
recover from a COVID-19 vaccine), and made other technical amendments. (Sections 9642 and 9643 of the ARPA amended and extended
the equivalent tax credits for certain self-employed individuals for April 1, 2021, through September 30, 2021.)
Employers in a U.S. Territory that otherwise qualify for the paid leave credits can claim the credit. Payments of wages by
employers in U.S. Territories are wages within the meaning of section 3121(a) and therefore employers eligible to claim the
credit include employers in the U.S. Territories that pay qualified wages and otherwise meet the requirements for the credit.
COBRA Credit.—Section 9501 of the ARP required certain employers to offer free Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage
to certain qualified individuals for periods of coverage from April 1, 2021 through September 30, 2021. The ARP provided tax
credits to employers to offset the cost of the COBRA coverage. The bill subsidized 100 percent of COBRA premiums for six months
for individuals who lost employment or had reduced hours.
Payment Where Small Business Health Insurance Tax Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
Identification code 020–0951–0–1–551
2020 actual
2021 est.
2022 est.
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
2
2
2
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
4180
Budget authority, net (total)
4190
Outlays, net (total)
The Patient Protection and Affordable Care Act of 2010 (P.L. 111–148), section 1421, allows certain small employers (including
small tax-exempt employers) to claim a credit when they pay at least half of the health care premiums for single health insurance
coverage for their employees. Small employers can claim the credit for 2010 through 2013 and after that for the first two
consecutive years of having coverage purchased through the small business health options program. Generally, employers that
have fewer than 25 full-time equivalent employees and pay wages averaging less than $50,000 per employee per year may qualify
for the credit.
This account includes state innovation waiver pass-through payments in lieu of the Small Business Health Insurance Tax Credit
to qualifying states under section 1332(a)(3) of the PPACA.
Payment Where Certain Tax Credits Exceed Liability for Corporate Tax
Program and Financing (in millions of dollars)
Identification code 020–0931–0–1–376
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment Where Certain Tax Credits Exceed Liability for Corporate (Direct)
264
0002
Credit for Prior Year Minimum Tax Liability of Corporations
15,840
7,194
694
0900
Total new obligations, unexpired accounts (object class 41.0)
16,104
7,194
694
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
16,104
7,194
694
1930
Total budgetary resources available
16,104
7,194
694
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
16,104
7,194
694
3020
Outlays (gross)
–16,104
–7,194
–694
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
16,104
7,194
694
Outlays, gross:
4100
Outlays from new mandatory authority
16,104
7,194
694
4180
Budget authority, net (total)
16,104
7,194
694
4190
Outlays, net (total)
16,104
7,194
694
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.
Child and Dependent Care Tax Credit
Program and Financing (in millions of dollars)
Identification code 020–0943–0–1–609
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Child and Dependent Care Tax Credit
7,902
0900
Total new obligations, unexpired accounts (object class 41.0)
7,902
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
7,902
1930
Total budgetary resources available
7,902
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
7,902
3020
Outlays (gross)
–7,902
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
7,902
Outlays, gross:
4100
Outlays from new mandatory authority
7,902
4180
Budget authority, net (total)
7,902
4190
Outlays, net (total)
7,902
Section 9631(a) of the American Rescue Plan Act of 2021 (P. L. 117–2) (American Rescue Plan) amended Section 21 of the Internal
Revenue Code (Code) to provide special rules for the Child and Dependent Care Tax Credit (CDCTC) solely for Tax Year 2021.
Specifically, the American Rescue Plan made the CDCTC fully refundable. In addition, the maximum credit rate of the CDCTC
increased from 35 percent to 50 percent. The amount of expenses that are eligible for the CDCTC was increased from $3,000
to $8,000 for one qualifying dependent (from $6,000 to $16,000 for two or more qualifying dependents). The American Rescue
Plan increased the phase-out threshold of the CDCTC from $15,000 of AGI to $125,000. The credit rate is phased down, but not
below 20 percent, by 1 percentage point for each $2,000 (or fraction thereof) by which the taxpayers adjusted gross income
(AGI) exceeds this threshold. The American Rescue Plan further phased down the credit rate of 20 percent by 1 percentage point
for each $2,000 (or fraction thereof) by which the taxpayers AGI exceeds $400,000. Section 9631(b) of the American Rescue
Plan amended Section 21 of the Code to authorize payments to U.S. territories with mirror code tax systems and to U.S. territories
with non-mirror code tax systems.
Section 9632(a) of the American Rescue Plan Act amended Section 129(a)(2) of the Code to increase, for Tax Year 2021 only,
the maximum amount of employer-provided dependent care assistance that may be excluded from gross income. This increase doubles
the generally applicable amounts that is, $5,000 (or $2,500 in the case of a married individual filing a separate return)
such that an eligible employee for Tax Year 2021 can receive an exclusion of $10,500 (or $5,250 in the case of a married individual
filing a separate return).
Child and Dependent Care Tax Credit
(Legislative proposal, not subject to PAYGO)
Individuals will not be able to claim both the Child and Dependent Care Tax Credit and participate in the new Child Care
for American Families program for the same care. This interaction removes outlays already included in the Child Care for American
Families score.
Child and Dependent Care Tax Credit
(Legislative proposal, subject to PAYGO)
The Budget proposes to extend permanently the changes to the Child and Dependent Care Tax Credit made by the American Rescue
Plan Act of 2021, including the refundability of the credit and increases in the maximum credit rate and maximum amount of
allowable expenses. Under the proposal, eligible taxpayers may claim a refundable credit for up to 50 percent of up to $8,000
in eligible expenses for one child or disabled dependent and up to $16,000 in eligible expenses for more than one child and/or
disabled dependent. The credit rate is reduced for taxpayers with incomes above $125,000.
Payment Where American Opportunity Credit Exceeds Liability for Tax
Program and Financing (in millions of dollars)
Identification code 020–0932–0–1–502
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment Where American Opportunity Credit Exceeds Liability for (Direct)
2,787
3,050
3,000
0900
Total new obligations, unexpired accounts (object class 41.0)
2,787
3,050
3,000
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2,787
3,050
3,000
1930
Total budgetary resources available
2,787
3,050
3,000
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
2,787
3,050
3,000
3020
Outlays (gross)
–2,787
–3,050
–3,000
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
2,787
3,050
3,000
Outlays, gross:
4100
Outlays from new mandatory authority
2,787
3,050
3,000
4180
Budget authority, net (total)
2,787
3,050
3,000
4190
Outlays, net (total)
2,787
3,050
3,000
Summary of Budget Authority and Outlays (in millions of dollars)
2020 actual
2021 est.
2022 est.
Enacted/requested:
Budget Authority
2,787
3,050
3,000
Outlays
2,787
3,050
3,000
Legislative proposal, subject to PAYGO:
Budget Authority
–3
Outlays
–3
Total:
Budget Authority
2,787
3,050
2,997
Outlays
2,787
3,050
2,997
The American Opportunity Tax Credit (AOTC) was enacted by the American Recovery and Reinvestment Act of 2009 (Public Law
111–5), was extended temporarily by Public Laws 111–312 and 112–240, and was made permanent by Public Law 114–113. A taxpayer
may claim an AOTC of 100 percent of the first $2,000 of qualified tuition, fees, and course materials paid by the taxpayer
for each eligible student or dependent and 25 percent of the next $2,000 of these qualifying expenses. Up to 40 percent of
the otherwise eligible credit is refundable. The AOTC may be claimed only for the first four years of post-secondary education
per student. The AOTC phases out for higher income taxpayers as the taxpayers income increases. As provided by law, there
are instances where a taxpayer is entitled to a payment because the AOTC to which the taxpayer is entitled exceeds the amount
of tax liability owed through the individual income tax system.
Payment Where American Opportunity Credit Exceeds Liability for Tax
(Legislative proposal, not subject to PAYGO)
The Budget proposes to make community college tuition-free. The proposal has interactions with the American Opportunity Tax
Credit since, without tuition and fee expenses, community college students would receive smaller education credits.
Payment Where American Opportunity Credit Exceeds Liability for Tax
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0932–4–1–502
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment Where American Opportunity Credit Exceeds Liability for (Direct)
–3
0900
Total new obligations, unexpired accounts (object class 41.0)
–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 allow the IRS to regulate paid Federal tax return preparers.
Payment to Issuer of Qualified Energy Conservation Bonds
Program and Financing (in millions of dollars)
Identification code 020–0948–0–1–272
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment to Issuer of Qualified Energy Conservation Bonds (Direct)
27
35
35
0900
Total new obligations, unexpired accounts (object class 41.0)
27
35
35
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
29
37
37
1230
Appropriations and/or unobligated balance of appropriations permanently reduced
–2
–2
–2
1260
Appropriations, mandatory (total)
27
35
35
1930
Total budgetary resources available
27
35
35
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
27
35
35
3020
Outlays (gross)
–27
–35
–35
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
27
35
35
Outlays, gross:
4100
Outlays from new mandatory authority
27
35
35
4180
Budget authority, net (total)
27
35
35
4190
Outlays, net (total)
27
35
35
The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), section 301, created Qualified Energy Conservation Bonds;
and the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1112, increased the limitation on issuance of
qualified energy conservation bonds from $800 million to $3.2 billion.
The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue
Code of 1986 by allowing issuers of Qualified Energy Conservation Bonds to irrevocably elect to issue the bonds as specified
tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy
from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.
Payment to Issuer of New Clean Renewable Energy Bonds
Program and Financing (in millions of dollars)
Identification code 020–0947–0–1–271
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment to Issuer of New Clean Renewable Energy Bonds (Direct)
31
41
41
0900
Total new obligations, unexpired accounts (object class 41.0)
31
41
41
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
33
43
43
1230
Appropriations and/or unobligated balance of appropriations permanently reduced
–2
–2
–2
1260
Appropriations, mandatory (total)
31
41
41
1930
Total budgetary resources available
31
41
41
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
31
41
41
3020
Outlays (gross)
–31
–41
–41
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
31
41
41
Outlays, gross:
4100
Outlays from new mandatory authority
31
41
41
4180
Budget authority, net (total)
31
41
41
4190
Outlays, net (total)
31
41
41
The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), section 107, created New Clean Renewable Energy Bonds, and
the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1111, increased the limitation on issuance of New
Clean Renewable Energy Bonds to a total limitation of $2.4 billion.
The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue
Code of 1986 by adding a new subsection (f) allowing issuers of New Clean Renewable Energy Bonds to irrevocably elect to issue
the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest
payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax
credit.
Payment to Issuer of Qualified School Construction Bonds
Program and Financing (in millions of dollars)
Identification code 020–0946–0–1–501
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment to Issuer of Qualified School Construction Bonds (Direct)
462
567
563
0900
Total new obligations, unexpired accounts (object class 41.0)
462
567
563
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
491
601
597
1230
Appropriations and/or unobligated balance of appropriations permanently reduced
–29
–34
–34
1260
Appropriations, mandatory (total)
462
567
563
1930
Total budgetary resources available
462
567
563
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
462
567
563
3020
Outlays (gross)
–462
–567
–563
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
462
567
563
Outlays, gross:
4100
Outlays from new mandatory authority
462
567
563
4180
Budget authority, net (total)
462
567
563
4190
Outlays, net (total)
462
567
563
The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1521, created Qualified School Construction Bonds
with a calendar year limitation of $11 billion for 2009 and 2010, and zero after 2010.
The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue
Code of 1986 by adding a new subsection (f) allowing issuers of Qualified School Construction Bonds to irrevocably elect to
issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct
interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu
of a tax credit.
Payment to Issuer of Qualified Zone Academy Bonds
Program and Financing (in millions of dollars)
Identification code 020–0945–0–1–501
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payment to Issuer of Qualified Zone Academy Bonds (Direct)
34
40
40
0900
Total new obligations, unexpired accounts (object class 41.0)
34
40
40
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
36
42
42
1230
Appropriations and/or unobligated balance of appropriations permanently reduced
–2
–2
–2
1260
Appropriations, mandatory (total)
34
40
40
1930
Total budgetary resources available
34
40
40
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
34
40
40
3020
Outlays (gross)
–34
–40
–40
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
34
40
40
Outlays, gross:
4100
Outlays from new mandatory authority
34
40
40
4180
Budget authority, net (total)
34
40
40
4190
Outlays, net (total)
34
40
40
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, amended section 6431 of the Internal Revenue
Code of 1986 by adding a new subsection (f) allowing issuers of Qualified Zone Academy Bonds to irrevocably elect to issue
the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest
payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax
credit.
The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (P.L. 111–312) amended section 6431(f)(3)(A)(iii)
to provide that direct pay treatment for Qualified Zone Academy Bonds is not available for Qualified Zone Academy Bond allocations
from the 2011 national limitation or any carry forward of the 2011 allocation.
Payment to United States Virgin Islands and Puerto Rico for Disaster Tax Relief
Program and Financing (in millions of dollars)
Identification code 020–0159–0–1–609
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Payments to Puerto Rico
36
0002
Payments to U.S. Virgin Islands
25
0900
Total new obligations, unexpired accounts (object class 41.0)
61
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
61
1930
Total budgetary resources available
61
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
61
3020
Outlays (gross)
–61
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
61
Outlays, gross:
4100
Outlays from new mandatory authority
61
4180
Budget authority, net (total)
61
4190
Outlays, net (total)
61
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.
Refunding Internal Revenue Collections, Interest
Program and Financing (in millions of dollars)
Identification code 020–0904–0–1–908
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Refunding Internal Revenue Collections, Interest (Direct)
2,957
2,735
2,298
0900
Total new obligations, unexpired accounts (object class 43.0)
2,957
2,735
2,298
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2,957
2,735
2,298
1930
Total budgetary resources available
2,957
2,735
2,298
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
2,957
2,735
2,298
3020
Outlays (gross)
–2,957
–2,735
–2,298
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
2,957
2,735
2,298
Outlays, gross:
4100
Outlays from new mandatory authority
2,957
2,735
2,298
4180
Budget authority, net (total)
2,957
2,735
2,298
4190
Outlays, net (total)
2,957
2,735
2,298
Under certain circumstances, as provided in 26 U.S.C. 6611, interest is paid on Internal Revenue collections that must be
refunded. The Tax Equity and Fiscal Responsibility Act of 1982 (P.L. 97–248) provides for daily compounding of interest. Under
the Tax Reform Act of 1986 (P.L. 99–514), interest paid on Internal Revenue collections will equal the Federal short-term
rate plus three percentage points (two percentage points in the case of a corporation), with such rate to be adjusted quarterly.
Refundable Premium Tax Credit
Program and Financing (in millions of dollars)
Identification code 020–0949–0–1–551
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Premium assistance tax credit
52,942
51,380
38,255
0003
Basic Health Program
6,467
6,259
6,212
0004
State Innovation Waivers
1,263
1,616
1,273
0900
Total new obligations, unexpired accounts (object class 41.0)
60,672
59,255
45,740
Budgetary resources:
Unobligated balance:
1033
Recoveries of prior year paid obligations
8,555
1037
Unobligated balance of appropriations withdrawn
–8,555
Budget authority:
Appropriations, mandatory:
1200
Appropriation
60,672
59,255
45,740
1900
Budget authority (total)
60,672
59,255
45,740
1930
Total budgetary resources available
60,672
59,255
45,740
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
953
1,611
1,611
3010
New obligations, unexpired accounts
60,672
59,255
45,740
3020
Outlays (gross)
–60,014
–59,255
–45,740
3050
Unpaid obligations, end of year
1,611
1,611
1,611
Memorandum (non-add) entries:
3100
Obligated balance, start of year
953
1,611
1,611
3200
Obligated balance, end of year
1,611
1,611
1,611
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
60,672
59,255
45,740
Outlays, gross:
4100
Outlays from new mandatory authority
59,433
57,703
44,518
4101
Outlays from mandatory balances
581
1,552
1,222
4110
Outlays, gross (total)
60,014
59,255
45,740
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–8,555
Additional offsets against gross budget authority only:
4143
Recoveries of prior year paid obligations, unexpired accounts
8,555
4160
Budget authority, net (mandatory)
60,672
59,255
45,740
4170
Outlays, net (mandatory)
51,459
59,255
45,740
4180
Budget authority, net (total)
60,672
59,255
45,740
4190
Outlays, net (total)
51,459
59,255
45,740
The Patient Protection and Affordable Care Act (PPACA) of 2010 (P.L. 111–148) established the 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.
The American Rescue Plan Act of 2021 (P.L. 117–2) increased the Premium Tax Credit in three ways. For 2021 and 2022, the
legislation increased the Premium Tax Credit for currently eligible individuals and families, providing access to free plans
for those earning 100 to 150 percent of the federal poverty level, and expanded eligibility to newly include individuals and
families with income above 400 percent of the federal poverty level. The legislation also expanded eligibility in 2021 to
individuals who receive unemployment insurance for any week in 2021. The legislation also eliminated the requirement for individuals
to repay any excess advance payments of the Premium Tax Credit for 2020.
Refundable Premium Tax Credit
(Legislative proposal, subject to PAYGO)
This proposal will make permanent the premium tax credit expansion implemented in section 9661 of the American Rescue Plan.
This proposal eliminates the premium contributions for taxpayers between 100 percent to 150 percent of the Federal poverty
level; lowers the maximum household premium contribution for all eligible individuals and families; expands eligibility to
taxpayers above 400 percent of the Federal Poverty level and limits their premium contribution to 8.5 percent of income; and
eliminates the indexing of the premium contribution percentages.
IRS Miscellaneous Retained Fees
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5432–0–2–803
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
Receipts:
Current law:
1110
Enrolled Agent Fee Increase, IRS Miscellaneous Retained Fees
8
9
9
1110
Tax Preparer Registration Fees, IRS Miscellaneous Retained Fees
18
18
1130
New Installment Agreements, IRS Miscellaneous Retained Fees
104
185
181
1130
Restructured Installment Agreements, IRS Miscellaneous Retained Fees
41
78
76
1130
General User Fees, IRS Miscellaneous Retained Fees
126
144
119
1130
Photocopying and Historical Conservation Easement Fees, IRS Miscellaneous Retained Fees
4
3
3
1199
Total current law receipts
283
437
406
1999
Total receipts
283
437
406
2000
Total: Balances and receipts
283
437
406
Appropriations:
Current law:
2101
IRS Miscellaneous Retained Fees
–282
–437
–406
5098
Rounding adjustment
–1
5099
Balance, end of year
Program and Financing (in millions of dollars)
Identification code 020–5432–0–2–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
IRS Miscellaneous Retained Fees (Direct)
2
2
2
0900
Total new obligations, unexpired accounts (object class 44.0)
2
2
2
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
588
395
245
1010
Unobligated balance transfer to other accts [020–0919]
–360
–213
–175
1010
Unobligated balance transfer to other accts [020–0912]
–98
–4
1010
Unobligated balance transfer to other accts [020–0921]
–92
1010
Unobligated balance transfer to other accts [020–0913]
–2
1050
Unobligated balance (total)
134
84
66
Budget authority:
Appropriations, discretionary:
1120
Appropriations transferred to other accts [020–0919]
–4
–243
–256
1120
Appropriations transferred to other accts [020–0921]
–15
–29
1120
Appropriations transferred to other accts [020–0912]
–2
1160
Appropriation, discretionary (total)
–19
–274
–256
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
282
437
406
1900
Budget authority (total)
263
163
150
1930
Total budgetary resources available
397
247
216
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
395
245
214
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
2
2
2
3020
Outlays (gross)
–2
–2
–2
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
–19
–274
–256
Mandatory:
4090
Budget authority, gross
282
437
406
Outlays, gross:
4101
Outlays from mandatory balances
2
2
2
4180
Budget authority, net (total)
263
163
150
4190
Outlays, net (total)
2
2
2
As provided by law (26 U.S.C. 7801), the Secretary of the Treasury may establish new fees or raise existing fees for services
provided by the IRS to recover the value of the service provided, where such fees are authorized by another law, and may spend
the new or increased fee receipts to supplement appropriations made available to the IRS appropriations accounts. Funds in
this account are transferred to other IRS appropriations accounts for expenditure.
Gifts to the United States for Reduction of the Public Debt
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5080–0–2–808
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
Receipts:
Current law:
1130
Gifts to the United States for Reduction of the Public Debt
2
2
2
2000
Total: Balances and receipts
2
2
2
Appropriations:
Current law:
2101
Gifts to the United States for Reduction of the Public Debt
–2
–2
–2
5099
Balance, end of year
Program and Financing (in millions of dollars)
Identification code 020–5080–0–2–808
2020 actual
2021 est.
2022 est.
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
2
2
2
1236
Appropriations applied to repay debt
–2
–2
–2
4180
Budget authority, net (total)
4190
Outlays, net (total)
As provided by law (31 U.S.C. 3113), the Secretary of the Treasury is authorized to accept conditional gifts to the United
States for the purpose of reducing the public debt.
Private Collection Agent Program
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5510–0–2–803
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
6
9
9
Receipts:
Current law:
1110
Private Collection Agent Program
152
165
101
2000
Total: Balances and receipts
158
174
110
Appropriations:
Current law:
2101
Private Collection Agent Program
–152
–165
–101
2103
Private Collection Agent Program
–6
–9
–9
2132
Private Collection Agent Program
9
9
6
2199
Total current law appropriations
–149
–165
–104
2999
Total appropriations
–149
–165
–104
5099
Balance, end of year
9
9
6
Program and Financing (in millions of dollars)
Identification code 020–5510–0–2–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Private Collection Agent
60
0002
Payments to Private Collection Agencies
65
40
0003
Special Compliance Personnel Program
36
58
58
0900
Total new obligations, unexpired accounts
96
123
98
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
49
103
145
1021
Recoveries of prior year unpaid obligations
1
1050
Unobligated balance (total)
50
103
145
Budget authority:
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
152
165
101
1203
Appropriation (previously unavailable)(special or trust)
6
9
9
1232
Appropriations and/or unobligated balance of appropriations temporarily reduced
–9
–9
–6
1260
Appropriations, mandatory (total)
149
165
104
1930
Total budgetary resources available
199
268
249
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
103
145
151
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
7
9
13
3010
New obligations, unexpired accounts
96
123
98
3020
Outlays (gross)
–93
–119
–96
3040
Recoveries of prior year unpaid obligations, unexpired
–1
3050
Unpaid obligations, end of year
9
13
15
Memorandum (non-add) entries:
3100
Obligated balance, start of year
7
9
13
3200
Obligated balance, end of year
9
13
15
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
149
165
104
Outlays, gross:
4100
Outlays from new mandatory authority
85
109
81
4101
Outlays from mandatory balances
8
10
15
4110
Outlays, gross (total)
93
119
96
4180
Budget authority, net (total)
149
165
104
4190
Outlays, net (total)
93
119
96
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 substantially consists of disability insurance benefits or supplemental security
income benefits or whose adjusted gross income does not exceed 200 percent of the applicable federal poverty level.
Object Classification (in millions of dollars)
Identification code 020–5510–0–2–803
2020 actual
2021 est.
2022 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
15
21
21
11.5
Other personnel compensation
1
2
2
11.9
Total personnel compensation
16
23
23
12.1
Civilian personnel benefits
6
8
8
23.1
Rental payments to GSA
9
21
21
23.3
Communications, utilities, and miscellaneous charges
1
1
24.0
Printing and reproduction
1
1
25.1
Advisory and assistance services
64
69
44
31.0
Equipment
1
99.0
Direct obligations
96
123
98
99.9
Total new obligations, unexpired accounts
96
123
98
Employment Summary
Identification code 020–5510–0–2–803
2020 actual
2021 est.
2022 est.
1001
Direct civilian full-time equivalent employment
274
434
434
Informant Payments
Special and Trust Fund Receipts (in millions of dollars)
Identification code 020–5433–0–2–803
2020 actual
2021 est.
2022 est.
0100
Balance, start of year
Receipts:
Current law:
1140
Underpayment and Fraud Collection
63
115
115
2000
Total: Balances and receipts
63
115
115
Appropriations:
Current law:
2101
Informant Payments
–63
–115
–115
5099
Balance, end of year
Program and Financing (in millions of dollars)
Identification code 020–5433–0–2–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Informant Payments
63
108
108
0900
Total new obligations, unexpired accounts (object class 91.0)
63
108
108
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1201
Appropriation (special or trust fund)
63
115
115
1230
Appropriations and/or unobligated balance of appropriations permanently reduced
–7
–7
1260
Appropriations, mandatory (total)
63
108
108
1930
Total budgetary resources available
63
108
108
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
63
108
108
3020
Outlays (gross)
–63
–108
–108
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
63
108
108
Outlays, gross:
4100
Outlays from new mandatory authority
63
108
108
4180
Budget authority, net (total)
63
108
108
4190
Outlays, net (total)
63
108
108
As provided by law (26 U.S.C. 7623), the Secretary of the Treasury may make payments to individuals who provide information
that leads to the collection of Internal Revenue taxes. The Taxpayer Bill of Rights of 1996 (P.L. 104–168) provides for payments
of such sums to individuals from the proceeds of amounts collected by reason of the information provided, and any amount collected
shall be available for such payments. This information must lead to the detection of underpayments of taxes, or detection
and bringing to trial and punishment of persons guilty of violating the Internal Revenue laws. This provision was further
amended by the Tax Relief and Health Care Act of 2006 (P.L. 109–432) to provide for mandatory payments in certain circumstances
and to encourage use of the program. A reward payment typically ranges between 15 and 30 percent of the collected proceeds
for cases where the amount of collected proceeds exceeds $2 million. Lower payments are allowed in certain circumstances,
including cases in which information is provided that was already available from another source. Section 41108 of the Bipartisan
Budget Act of 2018 (P.L. 115–123) expanded the definition of proceeds to include proceeds arising from the laws for which
the Internal Revenue Service is authorized to administer, enforce or investigate. Section 41108 further provides that the
expanded definition of proceeds shall be used to determine eligibility for a mandatory award under section 7623(b)(5) and
states that the amount of proceeds are to be determined without regard to whether such proceeds are available to the Secretary.
Federal Tax Lien Revolving Fund
Program and Financing (in millions of dollars)
Identification code 020–4413–0–3–803
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Federal Tax Lien Revolving Fund
2
2
0900
Total new obligations, unexpired accounts (object class 32.0)
2
2
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
8
8
8
Budget authority:
Spending authority from offsetting collections, mandatory:
1800
Collected
2
2
1930
Total budgetary resources available
8
10
10
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
8
8
8
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
2
2
3020
Outlays (gross)
–2
–2
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
2
2
Outlays, gross:
4101
Outlays from mandatory balances
2
2
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–2
–2
4180
Budget authority, net (total)
4190
Outlays, net (total)
This revolving fund was established pursuant to section 112(a) of the Federal Tax Lien Act of 1966, to serve as the source
of financing the redemption of real property by the United States. During the process of collecting unpaid taxes, the Government
may place a tax lien on real estate in order to protect the Government's interest and this account provides the resources
to administer the program.
Internal Revenue Service Oversight Board
The Internal Revenue Service Restructuring and Reform Act of 1998 (Section 7802(d) 26 U.S.C.) directs the IRS Oversight Board
to provide an annual budget request for the IRS. The Oversight Board's request shall be submitted to the President by the
Secretary without revision, and the President shall submit the request, without revision, to Congress together with the President's
Budget request for the IRS. The Board did not make a recommendation for 2022 as it currently lacks a quorum. The Board will
reconvene once it has enough Senate-confirmed members to make a quorum.
Administrative Provisions—Internal Revenue Service
'
(INCLUDING TRANSFER OF FUNDS)
SEC. 101. Not to exceed 4 percent of the appropriation made available in this Act to the Internal Revenue Service under the "Enforcement"
heading, and not to exceed 5 percent of any other appropriation made available in this Act to the Internal Revenue Service,
may be transferred to any other Internal Revenue Service appropriation upon advance notice to the Committees on Appropriations of the House of Representatives and the Senate.SEC. 102. The Internal Revenue Service shall maintain an employee training program, which shall include the following topics: taxpayers'
rights, dealing courteously with taxpayers, cross-cultural relations, ethics, and the impartial application of tax law.SEC. 103. The Internal Revenue Service shall institute and enforce policies and procedures that will safeguard the confidentiality of
taxpayer information and protect taxpayers against identity theft.SEC. 104. Funds made available by this or any other Act to the Internal Revenue Service shall be available for improved facilities and
increased staffing to provide sufficient and effective 1–800 help line service for taxpayers. The Commissioner shall continue
to make improvements to the Internal Revenue Service 1–800 help line service a priority and allocate resources necessary to
enhance the response time to taxpayer communications, particularly with regard to victims of tax-related crimes.SEC. 105. The Internal Revenue Service shall issue a notice of confirmation of any address change relating to an employer making employment
tax payments, and such notice shall be sent to both the employer's former and new address and an officer or employee of the
Internal Revenue Service shall give special consideration to an offer-in-compromise from a taxpayer who has been the victim
of fraud by a third party payroll tax preparer.SEC. 106. None of the funds made available under this Act may be used by the Internal Revenue Service to target citizens of the United
States for exercising any right guaranteed under the First Amendment to the Constitution of the United States.SEC. 107. None of the funds made available in this Act may be used by the Internal Revenue Service to target groups for regulatory scrutiny
based on their ideological beliefs.SEC. 108. None of funds made available by this Act to the Internal Revenue Service shall be obligated or expended on conferences that
do not adhere to the procedures, verification processes, documentation requirements, and policies issued by the Chief Financial
Officer, Human Capital Office, and Agency-Wide Shared Services as a result of the recommendations in the report published
on May 31, 2013, by the Treasury Inspector General for Tax Administration entitled "Review of the August 2010 Small Business/Self-Employed
Division's Conference in Anaheim, California" (Reference Number 2013–10–037).SEC. 109. None of the funds made available in this Act to the Internal Revenue Service may be obligated or expended—
(1) to make a payment to any employee under a bonus, award, or recognition program; or
(2) under any hiring or personnel selection process with respect to re-hiring a former employee;
unless such program or process takes into account the conduct and Federal tax compliance of such employee or former employee.
SEC. 110. None of the funds made available by this Act may be used in contravention of section 6103 of the Internal Revenue Code of
1986 (relating to confidentiality and disclosure of returns and return information).SEC. 111. Notwithstanding any Congressional notification requirements for a reprogramming of funds in this Act, funds provided in this
Act for the Internal Revenue Service shall be available for obligation and expenditure through a reprogramming of funds that
augments or reduces existing programs, projects, or activities by up to $10,000,000 without prior Congressional notification
of such action. SEC. 112. There is hereby established the Internal Revenue Service Working Capital Fund (Fund), which shall be available without fiscal
year limitation, for expenses necessary for facility services, technology, and other centralized services that the Commissioner
of Internal Revenue, subject to prior notice to the Office of Management and Budget, deems appropriate and advantageous to
provide on a reimbursable basis: Provided, That amounts deposited in the Fund shall be in addition to funds otherwise available
for such purposes, and shall remain available until expended: Provided further, That the Fund may receive advances and reimbursements
from funds available to the business units and offices of the Internal Revenue Service for which such centralized services
are performed at rates which will return in full all expenses of operation: Provided further, That unobligated balances of
expired amounts appropriated or otherwise made available for this or any succeeding fiscal year to the Internal Revenue Service
may be transferred and merged into the Fund no later than the end of the fifth fiscal year after the last fiscal year for
which such funds are available for the purposes for which appropriated: Provided further, That no funds may be transferred
pursuant to the previous proviso unless advance notification is provided to the Committees on Appropriations of the House
of Representatives and the Senate.
(Department of the Treasury Appropriations Act, 2021.)
Comptroller of the Currency
Trust Funds
Assessment Funds
Program and Financing (in millions of dollars)
Identification code 020–8413–0–8–373
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0881
Bank Supervision
1,069
1,162
1,170
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
1,660
1,656
1,588
1021
Recoveries of prior year unpaid obligations
9
1050
Unobligated balance (total)
1,669
1,656
1,588
Budget authority:
Spending authority from offsetting collections, mandatory:
1800
Collected
1,055
1,094
1,094
1801
Change in uncollected payments, Federal sources
1
1850
Spending auth from offsetting collections, mand (total)
1,056
1,094
1,094
1930
Total budgetary resources available
2,725
2,750
2,682
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
1,656
1,588
1,512
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
308
329
411
3010
New obligations, unexpired accounts
1,069
1,162
1,170
3020
Outlays (gross)
–1,039
–1,080
–1,080
3040
Recoveries of prior year unpaid obligations, unexpired
–9
3050
Unpaid obligations, end of year
329
411
501
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–8
–9
–9
3070
Change in uncollected pymts, Fed sources, unexpired
–1
3090
Uncollected pymts, Fed sources, end of year
–9
–9
–9
Memorandum (non-add) entries:
3100
Obligated balance, start of year
300
320
402
3200
Obligated balance, end of year
320
402
492
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
1,056
1,094
1,094
Outlays, gross:
4100
Outlays from new mandatory authority
363
390
390
4101
Outlays from mandatory balances
676
690
690
4110
Outlays, gross (total)
1,039
1,080
1,080
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120
Federal sources
–18
–14
–14
4121
Interest on Federal securities
–15
–21
–21
4123
Non-Federal sources
–1,022
–1,059
–1,059
4130
Offsets against gross budget authority and outlays (total)
–1,055
–1,094
–1,094
Additional offsets against gross budget authority only:
4140
Change in uncollected pymts, Fed sources, unexpired
–1
4170
Outlays, net (mandatory)
–16
–14
–14
4180
Budget authority, net (total)
4190
Outlays, net (total)
–16
–14
–14
Memorandum (non-add) entries:
5000
Total investments, SOY: Federal securities: Par value
1,971
1,983
1,988
5001
Total investments, EOY: Federal securities: Par value
1,983
1,988
1,993
5010
Total investments, SOY: non-Fed securities: Market value
5
5
5011
Total investments, EOY: non-Fed securities: Market value
5
5
5
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, 2020, the OCC supervised 821 national bank charters, 53 Federal branches of foreign banks, and 284 Federal
savings associations. In total, the OCC supervises approximately $14.1 trillion in financial institution assets.
At September 30, 2020, the net position of the OCC was $1,574.7 million. The OCC allocates a significant portion of the net
position to its financial reserves to cover undelivered orders and capital investments. Financial reserves are integral to
the effective stewardship of the OCCs resources, and the OCC has a disciplined process for reviewing its reserve balances
and allocating funds appropriately to support its ability to accomplish the agency's mission. The OCCs financial reserves
are available to reduce the impact on the OCCs operations in the event of a significant fluctuation in revenues or expenses.
In 2018, the OCC established a new receivership contingency fund of $86.6 million within its financial reserves to facilitate
the conduct of receiverships of uninsured federal branches or agencies of a foreign banking organization. In 2017, the OCC
established a contingency of $100 million within its reserves to act as receiver of those national trust banks which are not
FDIC-insured.
Object Classification (in millions of dollars)
Identification code 020–8413–0–8–373
2020 actual
2021 est.
2022 est.
Reimbursable obligations:
Personnel compensation:
11.1
Full-time permanent
554
570
576
11.3
Other than full-time permanent
5
4
4
11.5
Other personnel compensation
2
2
2
11.9
Total personnel compensation
561
576
582
12.1
Civilian personnel benefits
237
273
275
21.0
Travel and transportation of persons
18
21
21
22.0
Transportation of things
1
2
2
23.2
Rental payments to others
69
67
67
23.3
Communications, utilities, and miscellaneous charges
18
21
21
24.0
Printing and reproduction
1
1
25.1
Advisory and assistance services
24
22
22
25.2
Other services from non-Federal sources
26
31
31
25.3
Other goods and services from Federal sources
11
9
9
25.4
Operation and maintenance of facilities
6
9
9
25.7
Operation and maintenance of equipment
59
74
74
26.0
Supplies and materials
5
6
6
31.0
Equipment
24
25
25
32.0
Land and structures
5
25
25
33.0
Investments and loans
5
99.0
Reimbursable obligations
1,069
1,162
1,170
99.9
Total new obligations, unexpired accounts
1,069
1,162
1,170
Employment Summary
Identification code 020–8413–0–8–373
2020 actual
2021 est.
2022 est.
2001
Reimbursable civilian full-time equivalent employment
3,589
3,523
3,523
Interest on the Public Debt
Federal Funds
Interest on Treasury Debt Securities (gross)
Program and Financing (in millions of dollars)
Identification code 020–0550–0–1–901
2020 actual
2021 est.
2022 est.
Obligations by program activity:
0001
Interest on Treasury Debt Securities
522,652
484,698
480,405
0900
Total new obligations, unexpired accounts (object class 43.0)
522,652
484,698
480,405
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
522,652
484,698
480,405
1930
Total budgetary resources available
522,652
484,698
480,405
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
522,652
484,698
480,405
3020
Outlays (gross)
–522,652
–484,698
–480,405
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
522,652
484,698
480,405
Outlays, gross:
4100
Outlays from new mandatory authority
522,652
484,698
480,405
4180
Budget authority, net (total)
522,652
484,698
480,405
4190
Outlays, net (total)
522,652
484,698
480,405
Such amounts are appropriated as may be necessary to pay the interest each year on the public debt (31 U.S.C. 1305, 3123).
Interest on Government account series securities is generally calculated on a cash basis. Interest is generally calculated
on an accrual basis for all other types of securities.
Interest on Treasury Debt Securities (gross)
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 020–0550–2–1–901
2020 actual
2021 est.
2022 est.
4180
Budget authority, net (total)
–2
4190
Outlays, net (total)
–2
General and Administrative Provisions
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2020 actual
2021 est.
2022 est.
Governmental receipts:
010–086400
Filing Fees, P.L. 109–171, Title X
46
46
46
020–015800
Transportation Fuels Tax
–6,525
–4,890
–3,924
020–065000
Deposit of Earnings, Federal Reserve System
81,880
97,241
101,604
020–085000
Registration, Filing, and Transaction Fees
3
3
3
020–086900
Fees for Legal and Judicial Services, not Otherwise Classified
41
41
41
020–089100
Miscellaneous Fees for Regulatory and Judicial Services, not Otherwise Classified
618
597
597
020–101000
Fines, Penalties, and Forfeitures, Agricultural Laws
3
3
3
020–104000
Fines, Penalties, and Forfeitures, Customs, Commerce, and Antitrust Laws
6,916
6,202
6,202
020–105000
Fines, Penalties, and Forfeitures, Narcotic Prohibition and Alcohol Laws
62
31
31
020–106000
Forfeitures of Unclaimed Money and Property
23
23
23
020–108000
Fines, Penalties, and Forfeitures, Federal Coal Mine Health and Safety Laws
38
44
44
020–109600
Penalties on Employers Who Do not Offer Health Coverage or Delay Eligibility for New Employees
136
317
020–241100
User Fees for IRS
3
3
3
020–249200
Premiums, Terrorism Risk Insurance Program
28
020–309400
Recovery from Airport and Airway Trust Fund for Refunds of Taxes
19
1,433
320
020–309500
Recovery from Leaking Underground Storage Tank Trust Fund for Refunds of Taxes, EPA
5
5
5
020–309990
Refunds of Moneys Erroneously Received and Recovered (20X1807)
–129
–37
–37
021–103000
Fines, Penalties, and Forfeitures, Immigration and Labor Laws
185
189
189
050–085015
Registration, Filing, and Transaction Fees, SEC
699
712
728
220–109900
Fines, Penalties, and Forfeitures, not Otherwise Classified
3,247
3,745
3,745
901–011050
Individual Income Taxes
1,608,485
1,703,463
2,005,175
901–011050
Individual Income Taxes: Legislative proposal, not subject to PAYGO
–29,513
901–011050
Individual Income Taxes: Legislative proposal, subject to PAYGO
1,241
62,762
999–011100
Corporation Income and Excess Profits Taxes
211,845
268,482
265,878
999–011100
Corporation Income and Excess Profits Taxes: Legislative proposal, not subject to PAYGO
–90
999–011100
Corporation Income and Excess Profits Taxes: Legislative proposal, subject to PAYGO
105,197
901–015250
Other Federal Fund Excise Taxes
–2,790
402
1,558
999–015300
Estate and Gift Taxes
17,624
17,593
20,781
901–015500
Tobacco Excise Tax
12,354
11,609
11,465
901–015600
Alcohol Excise Tax
9,490
9,166
9,204
901–015700
Telephone Excise Tax
370
315
281
901–015913
Fee on Health Insurance Providers
15,316
206
901–015914
Tax on Indoor Tanning Services
61
57
56
901–015915
Excise Tax on Medical Device Manufacturers
–4
901–031050
Other Federal Fund Customs Duties
44,831
57,675
38,287
General Fund Governmental receipts
2,004,716
2,175,736
2,601,009
Offsetting receipts from the public:
020–143500
General Fund Proprietary Interest Receipts, not Otherwise Classified
3
3
3
020–145000
Interest Payments from States, Cash Management Improvement
45
32
32
020–146310
Interest on Quota in International Monetary Fund
109
109
109
020–146320
Interest on Loans to International Monetary Fund
13
13
13
020–149900
Interest Received from Credit Financing Accounts
55,529
58,749
49,992
020–168200
Gain by Exchange on Foreign Currency Denominated Public Debt Securities
8
020–248500
GSE Fees Pursuant to P.L. 112–78 Sec. 401
4,238
4,563
4,408
020–267710
Community Development Financial Institutions Fund, Negative Subsidies
4
020–269110
Economic Stabilization, Negative Subsidies
1,164
020–269130
Economic Stabilization, Downward Reestimates of Subsidies
14,030
020–276330
Community Development Financial Institutions Fund, Downward Re-estimate of Subsidies
14
9
020–278430
Small Business Lending Fund Direct Loans, Downward Reestimates of Subsidies
1
020–279030
GSE Mortgage-backed Securities Direct Loans, Downward Reestimates of Subsidies
18
173
020–279230
Troubled Asset Relief Program, Downward Reestimates of Subsidies
74
4
020–289700
Proceeds, Air Carrier Equity Related Transactions
25
982
1,290
020–322000
All Other General Fund Proprietary Receipts
452
468
468
020–387500
Budget Clearing Account (suspense)
580
086–289100
Proceeds, Grants for Emergency Mortgage Relief Derived from Emergency Homeowners' Relief Fund
1
1
1
General Fund Offsetting receipts from the public
62,277
79,137
56,316
Intragovernmental payments:
020–133800
Interest on Loans to the Presidio
2
2
2
020–135100
Interest on Loans to BPA
185
146
157
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
131
12
14
020–141500
Interest on Loans to Federal Deposit Insurance Corporation
3
13
020–141800
Interest on Loans to Federal Financing Bank
1,915
1,883
1,953
020–143300
Interest on Loans to National Flood Insurance Fund, DHS
438
413
362
020–149500
Interest Payments on Repayable Advances to the Black Lung Disability Trust Fund
109
133
107
020–149700
Payment of Interest on Advances to the Railroad Retirement Board
121
100
151
020–150110
Interest on Loans or Advances to the Extended Unemployment Compensation Account
2
110
160
020–150120
Interest on Loans and Repayable Advances to the Federal Unemployment Account
190
870
700
020–241600
Charges for Administrative Expenses of Social Security Act As Amended
733
786
817
020–310100
Recoveries from Federal Agencies for Settlement of Claims for Contract Disputes
308
92
105
020–311200
Reimbursement from Federal Agencies for Payments Made As a Result of Discriminatory Conduct
21
12
13
020–388500
Undistributed Intragovernmental Payments and Receivables from Cancelled Accounts
195
089–142400
Interest on Investment, Colorado River Projects
3
3
General Fund Intragovernmental payments
4,353
4,568
4,560
ADMINISTRATIVE PROVISIONS—DEPARTMENT OF THE TREASURY
'
(INCLUDING TRANSFERS OF FUNDS)
SEC. 111. Appropriations to the Department of the Treasury in this Act shall be available for uniforms or allowances therefor, as authorized
by law (5 U.S.C. 5901), including maintenance, repairs, and cleaning; purchase of insurance for official motor vehicles operated
in foreign countries; purchase of motor vehicles without regard to the general purchase price limitations for vehicles purchased
and used overseas for the current fiscal year; entering into contracts with the Department of State for the furnishing of
health and medical services to employees and their dependents serving in foreign countries; and services authorized by 5 U.S.C.
3109.SEC. 112. Not to exceed 2 percent of any appropriations in this title made available under the headings "Departmental Offices—Salaries
and Expenses", "Office of Inspector General", "Special Inspector General for the Troubled Asset Relief Program", "Financial
Crimes Enforcement Network", "Bureau of the Fiscal Service", and "Alcohol and Tobacco Tax and Trade Bureau" may be transferred
between such appropriations upon the advance notification of the Committees on Appropriations of the House of Representatives and the Senate: Provided, That no transfer under this section may increase or decrease any such appropriation by more than 2 percent.SEC. 113. Not to exceed 2 percent of any appropriation made available in this Act to the Internal Revenue Service may be transferred
to the Treasury Inspector General for Tax Administration's appropriation upon the advance notification of the Committees on Appropriations of the House of Representatives and the Senate: Provided, That no transfer may increase or decrease any such appropriation by more than 2 percent.SEC. 114. None of the funds appropriated in this Act or otherwise available to the Department of the Treasury or the Bureau of Engraving
and Printing may be used to redesign the $1 Federal Reserve note.SEC. 115. The Secretary of the Treasury may transfer funds from the "Bureau of the Fiscal Service—Salaries and Expenses" to the Debt
Collection Fund as necessary to cover the costs of debt collection: Provided, That such amounts shall be reimbursed to such salaries and expenses account from debt collections received in the Debt Collection
Fund.SEC. 116. None of the funds appropriated or otherwise made available by this or any other Act may be used by the United States Mint
to construct or operate any museum without the prior notification of the Committees on Appropriations of the House of Representatives and the Senate, the House Committee on Financial Services,
and the Senate Committee on Banking, Housing, and Urban Affairs.SEC. 117. None of the funds appropriated or otherwise made available by this or any other Act or source to the Department of the Treasury,
the Bureau of Engraving and Printing, and the United States Mint, individually or collectively, may be used to consolidate
any or all functions of the Bureau of Engraving and Printing and the United States Mint without the prior notification of the House Committee on Financial Services; the Senate Committee on Banking, Housing, and Urban Affairs; and the Committees
on Appropriations of the House of Representatives and the Senate.SEC. 118. Funds appropriated by this Act, or made available by the transfer of funds in this Act, for the Department of the Treasury's
intelligence or intelligence related activities are deemed to be specifically authorized by the Congress for purposes of section
504 of the National Security Act of 1947 (50 U.S.C. 414) during fiscal year 2022 until the enactment of the Intelligence Authorization Act for Fiscal Year 2022.SEC. 119. Not to exceed $5,000 shall be made available from the Bureau of Engraving and Printing's Industrial Revolving Fund for necessary
official reception and representation expenses.SEC. 120. The Secretary of the Treasury shall submit a Capital Investment Plan to the Committees on Appropriations of the House of Representatives
and the Senate not later than 30 days following the submission of the annual budget submitted by the President: Provided, That such Capital Investment Plan shall include capital investment spending from all accounts within the Department of the
Treasury, including but not limited to the Department-wide Systems and Capital Investment Programs account, Treasury Franchise
Fund account, and the Treasury Forfeiture Fund account: Provided further, That such Capital Investment Plan shall include expenditures occurring in previous fiscal years for each capital investment
project that has not been fully completed.SEC. 121. Within 45 days after the date of enactment of this Act, the Secretary of the Treasury shall submit an itemized report to the
Committees on Appropriations of the House of Representatives and the Senate on the amount of total funds charged to each office
by the Franchise Fund including the amount charged for each service provided by the Franchise Fund to each office, a detailed
description of the services, a detailed explanation of how each charge for each service is calculated, and a description of
the role customers have in governing in the Franchise Fund.SEC. 122. During fiscal year 2022—
(1) none of the funds made available in this or any other Act may be used by the Department of the Treasury, including the Internal
Revenue Service, to issue, revise, or finalize any regulation, revenue ruling, or other guidance not limited to a particular
taxpayer relating to the standard which is used to determine whether an organization is operated exclusively for the promotion
of social welfare for purposes of section 501(c)(4) of the Internal Revenue Code of 1986 (including the proposed regulations
published at 78 Fed. Reg. 71535 (November 29, 2013)); and
(2) the standard and definitions as in effect on January 1, 2010, which are used to make such determinations shall apply after
the date of the enactment of this Act for purposes of determining status under section 501(c)(4) of such Code of organizations
created on, before, or after such date.
SEC. 123.
(a) Not later than 60 days after the end of each quarter, the Office of Financial Research shall submit reports on their activities to the Committees on Appropriations of the House
of Representatives and the Senate, the Committee on Financial Services of the House of Representatives and the Senate Committee
on Banking, Housing, and Urban Affairs.
(b) The reports required under subsection (a) shall include—
(1) the obligations made during the previous quarter by object class, office, and activity;
(2) the estimated obligations for the remainder of the fiscal year by object class, office, and activity;
(3) the number of full-time equivalents within each office during the previous quarter;
(4) the estimated number of full-time equivalents within each office for the remainder of the fiscal year; and
(5) actions taken to achieve the goals, objectives, and performance measures of each office.
(c) At the request of any such Committees specified in subsection (a), the Office of Financial Research shall make officials available to testify on the contents of the reports required under
subsection (a).
SEC. 124. Of the amounts appropriated in section 4027(a) of the Coronavirus Aid, Relief, and Economic Security Act (15 U.S.C. 9061)
that are available for obligation as a result of the deobligation of amounts that were, as of January 9, 2021, obligated for
the credit subsidy cost of loans and loan guarantees that the Secretary of the Treasury had committed under paragraphs (1)
through (3) of section 4003(b) of the Coronavirus Aid, Relief, and Economic Security Act (15 U.S.C. 9042(b)(1)-(3)), $25,000,000
shall be available to the Special Inspector General for Pandemic Recovery to carry out section 4018 of the Coronavirus Aid,
Relief, and Economic Security Act (15 U.S.C. 9053): Provided, That such amounts shall be in addition to any other amounts
available for such purpose. SEC. 125. Notwithstanding any other provision of law, the unobligated balances from amounts made available to the Secretary of the
Treasury for administrative expenses pursuant to sections 4003(f) and 4112(b) of the Coronavirus Aid, Relief, and Economic
Security Act (Public Law 116–136); section 421(f)(2) of Division N of the Consolidated Appropriations Act, 2021 (Public Law
116–260); sections 3201(a)(2)(B), 3206(d)(1)(A), and 7301(b)(5) of the American Rescue Plan Act of 2021 (Public Law 117–2);
and section 602(a)(2) of the Social Security Act, as added by section 9901 of the American Rescue Plan Act of 2021 (Public
Law 117–2), shall be available for any administrative expenses determined by the Secretary of the Treasury to be necessary
to respond to the coronavirus, including but not limited to expenses necessary to implement any provision of the Coronavirus
Aid, Relief, and Economic Security Act (Public Law 116–136), Division N of the Consolidated Appropriations Act, 2021 (Public
Law 116–260), the American Rescue Plan Act (Public Law 117–2), or title VI of the Social Security Act: Provided, That such
unobligated balances shall be available in addition to any other appropriations provided for such purposes. SEC. 126. Section 121 of the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5231) is amended in subsection (e)(1)(B)(ii) by
striking "subparagraph" and all that follows through the period at the end and inserting "subparagraph, the Special Inspector
General may not make any appointment that exceeds 24 months or that extends beyond the date on which the Special Inspector
General terminates under subsection (k).". (Department of the Treasury Appropriations Act, 2021.)
TITLE VI—GENERAL PROVISIONS
SEC. 601. None of the funds in this Act shall be used for the planning or execution of any program to pay the expenses of, or otherwise
compensate, non-Federal parties intervening in regulatory or adjudicatory proceedings funded in this Act.SEC. 602. None of the funds appropriated in this Act shall remain available for obligation beyond the current fiscal year, nor may any
be transferred to other appropriations, unless expressly so provided herein.SEC. 603. The expenditure of any appropriation under this Act for any consulting service through procurement contract pursuant to 5
U.S.C. 3109, shall be limited to those contracts where such expenditures are a matter of public record and available for public
inspection, except where otherwise provided under existing law, or under existing Executive order issued pursuant to existing
law. SEC. 604. None of the funds made available by this Act shall be available for any activity or for paying the salary of any Government
employee where funding an activity or paying a salary to a Government employee would result in a decision, determination,
rule, regulation, or policy that would prohibit the enforcement of section 307 of the Tariff Act of 1930 (19 U.S.C. 1307).SEC. 605. No funds appropriated pursuant to this Act may be expended by an entity unless the entity agrees that in expending the assistance
the entity will comply with chapter 83 of title 41, United States Code. SEC. 606. No funds appropriated or otherwise made available under this Act shall be made available to any person or entity that has
been convicted of violating chapter 83 of title 41, United States Code.SEC. 607. Except as otherwise provided in this Act, none of the funds provided in this Act, provided by previous appropriations Acts
to the agencies or entities funded in this Act that remain available for obligation or expenditure in fiscal year 2021, or
provided from any accounts in the Treasury derived by the collection of fees and available to the agencies funded by this
Act, shall be available for obligation or expenditure through a reprogramming of funds that: (1) creates a new program; (2)
eliminates a program, project, or activity; (3) increases funds or personnel for any program, project, or activity for which
funds have been denied or restricted by the Congress; (4) proposes to use funds directed for a specific activity by the Committee
on Appropriations of either the House of Representatives or the Senate for a different purpose; (5) augments existing programs,
projects, or activities in excess of $5,000,000 or 10 percent, whichever is less; (6) reduces existing programs, projects,
or activities by $5,000,000 or 10 percent, whichever is less; or (7) creates or reorganizes offices, programs, or activities
unless advance notification is provided to the Committees on Appropriations of the House of Representatives and the Senate: Provided, That prior to any significant reorganization, restructuring, relocation, or closing of offices, programs, or activities,
each agency or entity funded in this Act shall notify the Committees on Appropriations of the House of Representatives and the Senate: Provided further, That not later than 60 days after the date of enactment of this Act, each agency funded by this Act shall submit a report
to the Committees on Appropriations of the House of Representatives and the Senate to establish the baseline for application
of reprogramming and transfer authorities for the current fiscal year: Provided further, That at a minimum the report shall include: (1) a table for each appropriation, detailing both full-time employee equivalents
and budget authority, with separate columns to display the prior year enacted level, the President's budget request, adjustments
made by Congress, adjustments due to enacted rescissions, if appropriate, and the fiscal year enacted level; (2) a delineation
in the table for each appropriation and its respective prior year enacted level by object class and program, project, and
activity as detailed in this Act, in the accompanying report, or in the budget appendix for the respective appropriation,
whichever is more detailed, and which shall apply to all items for which a dollar amount is specified and to all programs
for which new budget authority is provided, as well as to discretionary grants and discretionary grant allocations; and (3)
an identification of items of special congressional interest. SEC. 608. Except as otherwise specifically provided by law, not to exceed 50 percent of unobligated balances remaining available at
the end of fiscal year 2022 from appropriations made available for salaries and expenses for fiscal year 2022 in this Act, shall remain available through September 30, 2023, for each such account for the purposes authorized: Provided, That notice thereof shall be provided to the Committees on Appropriations of the House of Representatives and the Senate prior to the expenditure of such funds. SEC. 609.
(a) None of the funds made available in this Act may be used by the Executive Office of the President to request—
(1) any official background investigation report on any individual from the Federal Bureau of Investigation; or
(2) a determination with respect to the treatment of an organization as described in section 501(c) of the Internal Revenue Code
of 1986 and exempt from taxation under section 501(a) of such Code from the Department of the Treasury or the Internal Revenue
Service.
(b) Subsection (a) shall not apply—
(1) in the case of an official background investigation report, if such individual has given express written consent for such
request not more than 6 months prior to the date of such request and during the same presidential administration; or
(2) if such request is required due to extraordinary circumstances involving national security.
SEC. 610. The cost accounting standards promulgated under chapter 15 of title 41, United States Code shall not apply with respect to
a contract under the Federal Employees Health Benefits Program established under chapter 89 of title 5, United States Code.SEC. 611. For the purpose of resolving litigation and implementing any settlement agreements regarding the nonforeign area cost-of-living
allowance program, the Office of Personnel Management may accept and utilize (without regard to any restriction on unanticipated
travel expenses imposed in an Appropriations Act) funds made available to the Office of Personnel Management pursuant to court
approval.SEC. 612. No funds appropriated by this Act shall be available to pay for an abortion, or the administrative expenses in connection
with any health plan under the Federal employees health benefits program which provides any benefits or coverage for abortions.
SEC. 613. The provision of section 612 shall not apply where the life of the mother would be endangered if the fetus were carried to term, or the pregnancy is the
result of an act of rape or incest.SEC. 614. In order to promote Government access to commercial information technology, the restriction on purchasing nondomestic articles,
materials, and supplies set forth in chapter 83 of title 41, United States Code (popularly known as the Buy American Act),
shall not apply to the acquisition by the Federal Government of information technology (as defined in section 11101 of title
40, United States Code), that is a commercial item (as defined in section 103 of title 41, United States Code). SEC. 615. Notwithstanding section 1353 of title 31, United States Code, no officer or employee of any regulatory agency or commission
funded by this Act may accept on behalf of that agency, nor may such agency or commission accept, payment or reimbursement
from a non-Federal entity for travel, subsistence, or related expenses for the purpose of enabling an officer or employee
to attend and participate in any meeting or similar function relating to the official duties of the officer or employee when
the entity offering payment or reimbursement is a person or entity subject to regulation by such agency or commission, or
represents a person or entity subject to regulation by such agency or commission, unless the person or entity is an organization
described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from tax under section 501(a) of such Code.
SEC. 616.
(a)
(1) Notwithstanding any other provision of law, an Executive agency covered by this Act otherwise authorized to enter into contracts
for either leases or the construction or alteration of real property for office, meeting, storage, or other space must consult
with the General Services Administration before issuing a solicitation for offers of new leases or construction contracts,
and in the case of succeeding leases, before entering into negotiations with the current lessor.
(2) Any such agency with authority to enter into an emergency lease may do so during any period declared by the President to require
emergency leasing authority with respect to such agency.
(b) For purposes of this section, the term "Executive agency covered by this Act" means any Executive agency provided funds by
this Act, but does not include the General Services Administration or the United States Postal Service.
SEC. 617.
(a) There are appropriated for the following activities the amounts required under current law:
(1) Compensation of the President (3 U.S.C. 102).
(2) Payments to—
(A) the Judicial Officers' Retirement Fund (28 U.S.C. 377(o));
(B) the Judicial Survivors' Annuities Fund (28 U.S.C. 376(c)); and
(C) the United States Court of Federal Claims Judges' Retirement Fund (28 U.S.C. 178(l)).
(3) Payment of Government contributions—
(A) with respect to the health benefits of retired employees, as authorized by chapter 89 of title 5, United States Code, and
the Retired Federal Employees Health Benefits Act (74 Stat. 849); and
(B) with respect to the life insurance benefits for employees retiring after December 31, 1989 (5 U.S.C. ch. 87).
(4) Payment to finance the unfunded liability of new and increased annuity benefits under the Civil Service Retirement and Disability
Fund (5 U.S.C. 8348).
(5) Payment of annuities authorized to be paid from the Civil Service Retirement and Disability Fund by statutory provisions other
than subchapter III of chapter 83 or chapter 84 of title 5, United States Code.
(b) Nothing in this section may be construed to exempt any amount appropriated by this section from any otherwise applicable limitation
on the use of funds contained in this Act.
SEC. 618. None of the funds made available in this Act may be used by the Federal Trade Commission to complete the draft report entitled
"Interagency Working Group on Food Marketed to Children: Preliminary Proposed Nutrition Principles to Guide Industry Self-Regulatory
Efforts" unless the Interagency Working Group on Food Marketed to Children complies with Executive Order No. 13563. SEC. 619.
(a) The head of each executive branch agency funded by this Act shall ensure that the Chief Information Officer of the agency
has the authority to participate in decisions regarding the budget planning process related to information technology.
(b) Amounts appropriated for any executive branch agency funded by this Act that are available for information technology shall
be allocated within the agency, consistent with the provisions of appropriations Acts and budget guidelines and recommendations
from the Director of the Office of Management and Budget, in such manner as specified by, or approved by, the Chief Information
Officer of the agency in consultation with the Chief Financial Officer of the agency and budget officials.
SEC. 620. None of the funds made available in this Act may be used by a governmental entity to require the disclosure by a provider
of electronic communication service to the public or remote computing service of the contents of a wire or electronic communication
that is in electronic storage with the provider (as such terms are defined in sections 2510 and 2711 of title 18, United States
Code) in a manner that violates the Fourth Amendment to the Constitution of the United States. SEC. 621. No funds provided in this Act shall be used to deny an Inspector General funded under this Act timely access to any records,
documents, or other materials available to the department or agency over which that Inspector General has responsibilities
under the Inspector General Act of 1978, or to prevent or impede that Inspector General's access to such records, documents,
or other materials, under any provision of law, except a provision of law that expressly refers to the Inspector General and
expressly limits the Inspector General's right of access. A department or agency covered by this section shall provide its
Inspector General with access to all such records, documents, and other materials in a timely manner. Each Inspector General
shall ensure compliance with statutory limitations on disclosure relevant to the information provided by the establishment
over which that Inspector General has responsibilities under the Inspector General Act of 1978. Each Inspector General covered
by this section shall report to the Committees on Appropriations of the House of Representatives and the Senate within 5 calendar
days any failures to comply with this requirement.SEC. 622.
(a) None of the funds made available in this Act may be used to maintain or establish a computer network unless such network blocks
the viewing, downloading, and exchanging of pornography.
(b) Nothing in subsection (a) shall limit the use of funds necessary for any Federal, State, tribal, or local law enforcement
agency or any other entity carrying out criminal investigations, prosecution, adjudication activities, or other law enforcement-
or victim assistance-related activity.
SEC. 623. None of the funds appropriated or other-wise made available by this Act may be used to pay award or incentive fees for contractors
whose performance has been judged to be below satisfactory, behind schedule, over budget, or has failed to meet the basic
requirements of a contract, unless the Agency determines that any such deviations are due to unforeseeable events, government-driven
scope changes, or are not significant within the overall scope of the project and/or program and unless such awards or incentive
fees are consistent with 16.401(e)(2) of the Federal Acquisition Regulation.SEC. 624. None of the funds made available by this Act may be used for first-class or business-class travel by the employees of executive
branch agencies funded by this Act in contravention of sections 301–10.122 through 301–10.125 of title 41, Code of Federal
Regulations. SEC. 625. In addition to any amounts appropriated or otherwise made available for expenses related to enhancements to www.oversight.gov,
$850,000, to remain available until expended, shall be provided for an additional amount for such purpose to the Inspectors
General Council Fund established pursuant to section 11(c)(3)(B) of the Inspector General Act of 1978 (5 U.S.C. App.): Provided, That these amounts shall be in addition to any amounts or any authority available to the Council of the Inspectors General
on Integrity and Efficiency under section 11 of the Inspector General Act of 1978 (5 U.S.C. App.). SEC. 626. None of the funds made available by this Act may be obligated on contracts in excess of $5,000 for public relations, as that
term is defined in Office and Management and Budget Circular A-87 (revised May 10, 2004), unless advance notice of such an
obligation is transmitted to the Committees on Appropriations of the House of Representatives and the Senate. SEC. 627. When issuing statements, press releases, requests for proposals, bid solicitations and other documents describing projects
or programs funded in whole or in part with Federal money, all grantees receiving Federal funds included in this act, shall
clearly state—
(1) the percentage of the total costs of the program or project which will be financed with Federal money;
(2) the dollar amount of Federal funds for the project or program; and
(3) percentage and dollar amount of the total costs of the project or program that will be financed by non-governmental sources.
SEC. 628. Notwithstanding section 708 of this Act, funds made available to the Commodity Futures Trading Commission and the Securities
and Exchange Commission by this or any other Act may be used for the interagency funding and sponsorship of a joint advisory
committee to advise on emerging regulatory issues. SEC. 629. Title 44, United States Code, is amended as follows— (a) 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,";
(b) in subsection (d) of section 2904, by striking the first instance of "digital or electronic";
(c) in subsection (e) of section 3303a, by striking "the written consent of" and inserting "advance notice to"; and
(d) in section 3308, by striking "empower" and inserting "direct".
SEC. 630. Section 644 of the Treasury and General Government Appropriations Act, 2003 (division J of Public Law 108–7) is repealed. (Financial Services and General Government Appropriations Act, 2021.)