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.)