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, $293,242,000: 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, 2024, 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.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–0101–0–1–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Executive Direction 33 36 49
0002 International Affairs and Economic Policy 55 53 71
0003 Domestic Finance and Tax Policy 77 81 101
0005 Treasury-wide Management and Programs 40 40 47
0006 CFIUS 39 38 41
0007 Coronavirus Response Support to SBA 1



0100 Subtotal, Direct programs 245 248 309



0799 Total direct obligations 245 248 309
0811 Salaries and Expenses (Reimbursable) 9 12 12



0900 Total new obligations, unexpired accounts 254 260 321

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 54 34 34
1012 Unobligated balance transfers between expired and unexpired accounts 1
1021 Recoveries of prior year unpaid obligations 1
1033 Recoveries of prior year paid obligations 1



1070 Unobligated balance (total) 57 34 34
Budget authority:
Appropriations, discretionary:
1100 Appropriation 233 233 293
Spending authority from offsetting collections, discretionary:
1700 Collected 7 12 12
1700 Collected 15 15 15
1701 Change in uncollected payments, Federal sources 1



1750 Spending auth from offsetting collections, disc (total) 23 27 27
1900 Budget authority (total) 256 260 320
1930 Total budgetary resources available 313 294 354
Memorandum (non-add) entries:
1940 Unobligated balance expiring –25
1941 Unexpired unobligated balance, end of year 34 34 33

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 52 43 37
3010 New obligations, unexpired accounts 254 260 321
3011 Obligations ("upward adjustments"), expired accounts 4
3020 Outlays (gross) –255 –266 –313
3040 Recoveries of prior year unpaid obligations, unexpired –1
3041 Recoveries of prior year unpaid obligations, expired –11



3050 Unpaid obligations, end of year 43 37 45
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –5 –4 –4
3070 Change in uncollected pymts, Fed sources, unexpired –1
3071 Change in uncollected pymts, Fed sources, expired 2



3090 Uncollected pymts, Fed sources, end of year –4 –4 –4
Memorandum (non-add) entries:
3100 Obligated balance, start of year 47 39 33
3200 Obligated balance, end of year 39 33 41

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 256 260 320
Outlays, gross:
4010 Outlays from new discretionary authority 208 228 280
4011 Outlays from discretionary balances 47 38 33



4020 Outlays, gross (total) 255 266 313
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –23 –27 –27
4033 Non-Federal sources –3



4040 Offsets against gross budget authority and outlays (total) –26 –27 –27
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –1
4052 Offsetting collections credited to expired accounts 3
4053 Recoveries of prior year paid obligations, unexpired accounts 1



4060 Additional offsets against budget authority only (total) 3



4070 Budget authority, net (discretionary) 233 233 293
4080 Outlays, net (discretionary) 229 239 286
4180 Budget authority, net (total) 233 233 293
4190 Outlays, net (total) 229 239 286

Treasury's mission is to maintain a strong economy by promoting conditions that enable equitable and sustainable economic growth at home and abroad, combating threats to, and protecting the integrity of the financial system, and managing the Government's finances and resources effectively. 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 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 94 104 129
11.3 Other than full-time permanent 3 3 3
11.5 Other personnel compensation 3 4 4
11.8 Special personal services payments 1 1 1



11.9 Total personnel compensation 101 112 137
12.1 Civilian personnel benefits 33 38 47
21.0 Travel and transportation of persons 1 4 4
23.2 Rental payments to others 1 1 1
25.1 Advisory and assistance services 13 14 14
25.2 Other services from non-Federal sources 3 2 3
25.3 Other goods and services from Federal sources 82 72 97
26.0 Supplies and materials 3 3 3
31.0 Equipment 3 2 2
32.0 Land and structures 5



99.0 Direct obligations 245 248 308
99.0 Reimbursable obligations 9 11 10
99.5 Adjustment for rounding 1 3



99.9 Total new obligations, unexpired accounts 254 260 321

Employment Summary


Identification code 020–0101–0–1–803 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 672 740 869
2001 Reimbursable civilian full-time equivalent employment 40 41 41

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, $212,059,000, 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 $12,000,000 shall remain available until September 30, 2024.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–1804–0–1–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Terrorism and Financial Intelligence 173 175 210
0002 Kleptocracy Asset Recovery Rewards Pilot Program 2



0799 Total direct obligations 173 175 212
0811 Salaries and Expenses (Reimbursable) 8 11 11



0900 Total new obligations, unexpired accounts 181 186 223

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 10 10 10
Budget authority:
Appropriations, discretionary:
1100 Appropriation 175 175 212
Spending authority from offsetting collections, discretionary:
1700 Collected 5 11 11
1701 Change in uncollected payments, Federal sources 3



1750 Spending auth from offsetting collections, disc (total) 8 11 11
1900 Budget authority (total) 183 186 223
1930 Total budgetary resources available 193 196 233
Memorandum (non-add) entries:
1940 Unobligated balance expiring –2
1941 Unexpired unobligated balance, end of year 10 10 10

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 62 56 39
3010 New obligations, unexpired accounts 181 186 223
3011 Obligations ("upward adjustments"), expired accounts 3
3020 Outlays (gross) –186 –203 –226
3041 Recoveries of prior year unpaid obligations, expired –4



3050 Unpaid obligations, end of year 56 39 36
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –6 –7 –7
3070 Change in uncollected pymts, Fed sources, unexpired –3
3071 Change in uncollected pymts, Fed sources, expired 2



3090 Uncollected pymts, Fed sources, end of year –7 –7 –7
Memorandum (non-add) entries:
3100 Obligated balance, start of year 56 49 32
3200 Obligated balance, end of year 49 32 29

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 183 186 223
Outlays, gross:
4010 Outlays from new discretionary authority 138 154 185
4011 Outlays from discretionary balances 48 49 41



4020 Outlays, gross (total) 186 203 226
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –7 –11 –11
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –3
4052 Offsetting collections credited to expired accounts 2



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



4070 Budget authority, net (discretionary) 175 175 212
4080 Outlays, net (discretionary) 179 192 215
4180 Budget authority, net (total) 175 175 212
4190 Outlays, net (total) 179 192 215

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 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 64 72 84
11.5 Other personnel compensation 2 2 3



11.9 Total personnel compensation 66 74 87
12.1 Civilian personnel benefits 23 25 30
21.0 Travel and transportation of persons 1 2
25.1 Advisory and assistance services 13 12 13
25.2 Other services from non-Federal sources 4 4 4
25.3 Other goods and services from Federal sources 45 44 54
25.7 Operation and maintenance of equipment 5 4 8
26.0 Supplies and materials 3 4 4
31.0 Equipment 3 3 5
32.0 Land and structures 10 5 4
91.0 Unvouchered 2



99.0 Direct obligations 172 176 213
99.0 Reimbursable obligations 9 10 10



99.9 Total new obligations, unexpired accounts 181 186 223

Employment Summary


Identification code 020–1804–0–1–803 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 524 561 624
2001 Reimbursable civilian full-time equivalent employment 35 41 41

CYBERSECURITY ENHANCEMENT ACCOUNT

For salaries and expenses for enhanced cybersecurity for systems operated by the Department of the Treasury, $215,000,000, to remain available until September 30, 2025: 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 $9,000,000 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.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–1855–0–1–808 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Cybersecurity Enhancement Account 28 21 122

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 27 18 17
1021 Recoveries of prior year unpaid obligations 2 2 2



1070 Unobligated balance (total) 29 20 19
Budget authority:
Appropriations, discretionary:
1100 Appropriation 18 18 215
1930 Total budgetary resources available 47 38 234
Memorandum (non-add) entries:
1940 Unobligated balance expiring –1
1941 Unexpired unobligated balance, end of year 18 17 112

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 16 24 18
3010 New obligations, unexpired accounts 28 21 122
3020 Outlays (gross) –16 –25 –133
3040 Recoveries of prior year unpaid obligations, unexpired –2 –2 –2
3041 Recoveries of prior year unpaid obligations, expired –2



3050 Unpaid obligations, end of year 24 18 5
Memorandum (non-add) entries:
3100 Obligated balance, start of year 16 24 18
3200 Obligated balance, end of year 24 18 5

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 18 18 215
Outlays, gross:
4010 Outlays from new discretionary authority 4 122
4011 Outlays from discretionary balances 16 21 11



4020 Outlays, gross (total) 16 25 133
4180 Budget authority, net (total) 18 18 215
4190 Outlays, net (total) 16 25 133

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 (CEA) allows Treasury to more proactively and strategically protect Treasury systems against cybersecurity threats. The account supports enterprise-wide services and capabilities. The CEA budgetary resources will be used to address new cybersecurity requirements outlined in Executive Order 14028 — Improving the Nation's Cybersecurity — and associated guidance at the enterprise level as well as targeted bureau-specific cyber investments.

Object Classification (in millions of dollars)


Identification code 020–1855–0–1–808 2021 actual 2022 est. 2023 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 1 2 3
12.1 Civilian personnel benefits 1
23.3 Communications, utilities, and miscellaneous charges 1 7
25.1 Advisory and assistance services 25 11 71
25.2 Other services from non-Federal sources 1 5
25.3 Other goods and services from Federal sources 1 4
25.7 Operation and maintenance of equipment 2 14
31.0 Equipment 2 3 17



99.9 Total new obligations, unexpired accounts 28 21 122

Employment Summary


Identification code 020–1855–0–1–808 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 4 10 21

DEPARTMENT-WIDE SYSTEMS AND CAPITAL INVESTMENTS PROGRAMS

(INCLUDING TRANSFER OF FUNDS)

For development and acquisition of automatic data processing equipment, software, and services; for the hire of zero emission passenger motor vehicles and for supporting charging or fueling infrastructure; and for repairs and renovations to buildings owned by the Department of the Treasury, $11,118,000, to remain available until September 30, 2025: 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".

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–0115–0–1–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Department-wide Systems and Capital Investments Programs (Direct) 9 9 11

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 6 3
Budget authority:
Appropriations, discretionary:
1100 Appropriation 6 6 11
1930 Total budgetary resources available 12 9 11
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 3

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 4 9 9
3010 New obligations, unexpired accounts 9 9 11
3020 Outlays (gross) –4 –9 –10



3050 Unpaid obligations, end of year 9 9 10
Memorandum (non-add) entries:
3100 Obligated balance, start of year 4 9 9
3200 Obligated balance, end of year 9 9 10

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 6 6 11
Outlays, gross:
4010 Outlays from new discretionary authority 2 3 5
4011 Outlays from discretionary balances 2 6 5



4020 Outlays, gross (total) 4 9 10
4180 Budget authority, net (total) 6 6 11
4190 Outlays, net (total) 4 9 10

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

Object Classification (in millions of dollars)


Identification code 020–0115–0–1–803 2021 actual 2022 est. 2023 est.

Direct obligations:
23.3 Communications, utilities, and miscellaneous charges 5
25.1 Advisory and assistance services 1
31.0 Equipment 2
32.0 Land and structures 7 8 6



99.9 Total new obligations, unexpired accounts 9 9 11

Salaries and expenses

For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, $43,878,000, 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, 2024, 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.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–0106–0–1–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Audits 29 32 33
0002 Investigations 10 11 11
0003 Coronavirus Relief Fund Oversight 8 9 9
0004 Emergency Rental Assistance Oversight 1 1
0005 Homeowner Assistance Oversight 1 1



0799 Total direct obligations 47 54 55
0801 Office of Inspector General (Reimbursable) 9 12 12



0900 Total new obligations, unexpired accounts 56 66 67

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 35 41 29
1012 Unobligated balance transfers between expired and unexpired accounts 1 1 1



1070 Unobligated balance (total) 36 42 30
Budget authority:
Appropriations, discretionary:
1100 Appropriation 41 41 44
1100 Appropriation (Consolidated Appropriations Act, 2021) 7



1160 Appropriation, discretionary (total) 48 41 44
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 4 12 12
1701 Change in uncollected payments, Federal sources 6



1750 Spending auth from offsetting collections, disc (total) 10 12 12
1900 Budget authority (total) 64 53 56
1930 Total budgetary resources available 100 95 86
Memorandum (non-add) entries:
1940 Unobligated balance expiring –3
1941 Unexpired unobligated balance, end of year 41 29 19

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 12 16 13
3010 New obligations, unexpired accounts 56 66 67
3011 Obligations ("upward adjustments"), expired accounts 5
3020 Outlays (gross) –53 –69 –67
3041 Recoveries of prior year unpaid obligations, expired –4



3050 Unpaid obligations, end of year 16 13 13
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –5 –6 –6
3070 Change in uncollected pymts, Fed sources, unexpired –6
3071 Change in uncollected pymts, Fed sources, expired 5



3090 Uncollected pymts, Fed sources, end of year –6 –6 –6
Memorandum (non-add) entries:
3100 Obligated balance, start of year 7 10 7
3200 Obligated balance, end of year 10 7 7

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 58 53 56
Outlays, gross:
4010 Outlays from new discretionary authority 40 39 42
4011 Outlays from discretionary balances 13 28 23



4020 Outlays, gross (total) 53 67 65
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –9 –12 –12
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –6
4052 Offsetting collections credited to expired accounts 5



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



4070 Budget authority, net (discretionary) 48 41 44
4080 Outlays, net (discretionary) 44 55 53
Mandatory:
4090 Budget authority, gross 6
Outlays, gross:
4101 Outlays from mandatory balances 2 2
4180 Budget authority, net (total) 54 41 44
4190 Outlays, net (total) 44 57 55

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 2023, as well as provide oversight, on a reimbursable basis, of the Small Business Lending Fund.

In 2023, 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 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 22 27 28
11.5 Other personnel compensation 1 1 1



11.9 Total personnel compensation 23 28 29
12.1 Civilian personnel benefits 9 10 11
21.0 Travel and transportation of persons 1 1
23.1 Rental payments to GSA 4 4
23.3 Communications, utilities, and miscellaneous charges 1 1
25.1 Advisory and assistance services 1
25.2 Other services from non-Federal sources 4 2 2
25.3 Other goods and services from Federal sources 8 7 7
31.0 Equipment 1



99.0 Direct obligations 46 53 55
99.0 Reimbursable obligations 9 12 12
99.5 Adjustment for rounding 1 1



99.9 Total new obligations, unexpired accounts 56 66 67

Employment Summary


Identification code 020–0106–0–1–803 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 189 190 190

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 2023, so as to result in a total appropriation from the general fund estimated at not more than $0.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–0165–0–1–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Transfer to Departmental Offices 15 15 15
0002 Transfer to Member Agencies 1 5 5



0900 Total new obligations, unexpired accounts (object class 94.0) 16 20 20

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 5 12 12
Budget authority:
Spending authority from offsetting collections, discretionary:
1700 Collected 23 20 20
1930 Total budgetary resources available 28 32 32
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 12 12 12

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1
3010 New obligations, unexpired accounts 16 20 20
3020 Outlays (gross) –15 –21 –20



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

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 23 20 20
Outlays, gross:
4010 Outlays from new discretionary authority 15 20 20
4011 Outlays from discretionary balances 1



4020 Outlays, gross (total) 15 21 20
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033 Non-Federal sources –23 –20 –20
4180 Budget authority, net (total)
4190 Outlays, net (total) –8 1

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; $182,409,000, of which $5,000,000 shall remain available until September 30, 2024; 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.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–0119–0–1–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Audit 65 65 67
0002 Investigations 109 110 115



0799 Total direct obligations 174 175 182
0801 Treasury Inspector General for Tax Administration (Reimbursable) 1 1 1



0900 Total new obligations, unexpired accounts 175 176 183

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 4 7 2
Budget authority:
Appropriations, discretionary:
1100 Appropriation 170 170 182
Appropriations, mandatory:
1200 Appropriation [ARP] 8
Spending authority from offsetting collections, discretionary:
1700 Collected 1 1 1
1900 Budget authority (total) 179 171 183
1930 Total budgetary resources available 183 178 185
Memorandum (non-add) entries:
1940 Unobligated balance expiring –1
1941 Unexpired unobligated balance, end of year 7 2 2

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 19 19 14
3010 New obligations, unexpired accounts 175 176 183
3011 Obligations ("upward adjustments"), expired accounts 9
3020 Outlays (gross) –175 –181 –182
3041 Recoveries of prior year unpaid obligations, expired –9



3050 Unpaid obligations, end of year 19 14 15
Memorandum (non-add) entries:
3100 Obligated balance, start of year 19 19 14
3200 Obligated balance, end of year 19 14 15

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 171 171 183
Outlays, gross:
4010 Outlays from new discretionary authority 157 157 168
4011 Outlays from discretionary balances 16 18 14



4020 Outlays, gross (total) 173 175 182
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 2
4101 Outlays from mandatory balances 6



4110 Outlays, gross (total) 2 6
4180 Budget authority, net (total) 178 170 182
4190 Outlays, net (total) 174 180 181

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 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 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 88 87 94
11.1 Full-time permanent - ARPA Fund 1 4
11.5 Other personnel compensation 9 9 9



11.9 Total personnel compensation 98 100 103
12.1 Civilian personnel benefits 42 42 46
12.1 Civilian personnel benefits - ARPA Fund 1 2
21.0 Travel and transportation of persons 1 1 3
23.1 Rental payments to GSA 9 8 8
23.3 Communications, utilities, and miscellaneous charges 1 1 1
25.1 Advisory and assistance services 2 2 2
25.2 Other services from non-Federal sources 1 1 1
25.3 Other goods and services from Federal sources 11 11 12
25.7 Operation and maintenance of equipment 2 2 2
26.0 Supplies and materials 1 1 1
31.0 Equipment 5 4 3



99.0 Direct obligations 174 175 182
99.0 Reimbursable obligations 1 1
99.5 Adjustment for rounding 1



99.9 Total new obligations, unexpired accounts 175 176 183

Employment Summary


Identification code 020–0119–0–1–803 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 739 760 760
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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Base Administrative Expenses 3 6 5
0003 Projected Payments to Insurers 24 74



0900 Total new obligations, unexpired accounts 3 30 79

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



1070 Unobligated balance (total) 1 1 1
Budget authority:
Appropriations, mandatory:
1200 Appropriation 3 30 79
1930 Total budgetary resources available 4 31 80
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 1 1 1

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1 8
3010 New obligations, unexpired accounts 3 30 79
3020 Outlays (gross) –3 –22 –67
3040 Recoveries of prior year unpaid obligations, unexpired –1



3050 Unpaid obligations, end of year 8 20
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1 8
3200 Obligated balance, end of year 8 20

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 3 30 79
Outlays, gross:
4100 Outlays from new mandatory authority 2 22 59
4101 Outlays from mandatory balances 1 8



4110 Outlays, gross (total) 3 22 67
4180 Budget authority, net (total) 3 30 79
4190 Outlays, net (total) 3 22 67

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 of $497 million over the 2023–2032 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 2021 actual 2022 est. 2023 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 1 2 2
25.1 Advisory and assistance services 1 4 3
25.3 Other goods and services from Federal sources 1
42.0 Insurance claims and indemnities 24 74



99.0 Direct obligations 3 30 79



99.9 Total new obligations, unexpired accounts 3 30 79

Employment Summary


Identification code 020–0123–0–1–376 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 7 8 10

Treasury Forfeiture Fund

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5697–0–2–751 2021 actual 2022 est. 2023 est.

0100 Balance, start of year 30 45 32
Receipts:
Current law:
1110 Forfeited Cash and Proceeds from Sale of Forfeited Property, Treasury Forfeiture Fund 784 562 573
1140 Earnings on Investments, Treasury Forfeiture Fund 2 5 5



1199 Total current law receipts 786 567 578



1999 Total receipts 786 567 578



2000 Total: Balances and receipts 816 612 610
Appropriations:
Current law:
2101 Treasury Forfeiture Fund –786 –567 –578
2103 Treasury Forfeiture Fund –30 –45 –32
2132 Treasury Forfeiture Fund 45 32 33



2199 Total current law appropriations –771 –580 –577



2999 Total appropriations –771 –580 –577



5099 Balance, end of year 45 32 33

Program and Financing (in millions of dollars)


Identification code 020–5697–0–2–751 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Mandatory 624 453 462
0002 Strategic Support 360 98 100
0003 Secretary's Enforcement Fund 15 35 35



0900 Total new obligations, unexpired accounts 999 586 597

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 691 877 808
1021 Recoveries of prior year unpaid obligations 34 12 12
1033 Recoveries of prior year paid obligations 455



1070 Unobligated balance (total) 1,180 889 820
Budget authority:
Appropriations, discretionary:
1130 Appropriations permanently reduced –75
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 786 567 578
1203 Appropriation (previously unavailable)(special or trust) 30 45 32
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –75
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –45 –32 –33



1260 Appropriations, mandatory (total) 696 580 577
1900 Budget authority (total) 696 505 577
1930 Total budgetary resources available 1,876 1,394 1,397
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 877 808 800

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 531 863 928
3010 New obligations, unexpired accounts 999 586 597
3020 Outlays (gross) –633 –509 –535
3040 Recoveries of prior year unpaid obligations, unexpired –34 –12 –12



3050 Unpaid obligations, end of year 863 928 978
Memorandum (non-add) entries:
3100 Obligated balance, start of year 531 863 928
3200 Obligated balance, end of year 863 928 978

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross –75
Outlays, gross:
4010 Outlays from new discretionary authority –8
4011 Outlays from discretionary balances –19



4020 Outlays, gross (total) –8 –19
Mandatory:
4090 Budget authority, gross 696 580 577
Outlays, gross:
4100 Outlays from new mandatory authority 29 28
4101 Outlays from mandatory balances 633 488 526



4110 Outlays, gross (total) 633 517 554
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120 Federal sources: –455
Additional offsets against gross budget authority only:
4143 Recoveries of prior year paid obligations, unexpired accounts 455



4160 Budget authority, net (mandatory) 696 580 577
4170 Outlays, net (mandatory) 178 517 554
4180 Budget authority, net (total) 696 505 577
4190 Outlays, net (total) 178 509 535

Memorandum (non-add) entries:
5000 Total investments, SOY: Federal securities: Par value 1,218 1,825 2,008
5001 Total investments, EOY: Federal securities: Par value 1,825 2,008 2,029

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 2021 actual 2022 est. 2023 est.

Direct obligations:
25.2 Other services from non-Federal sources 67 16 15
25.3 Other goods and services from Federal sources 233 295 302
41.0 Grants, subsidies, and contributions 132 158 161
44.0 Refunds 192 88 89
94.0 Financial transfers 375 29 30



99.9 Total new obligations, unexpired accounts 999 586 597

Financial Research Fund

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5590–0–2–376 2021 actual 2022 est. 2023 est.

0100 Balance, start of year 4 4 5
Receipts:
Current law:
1110 Fees and Assessments, Financial Research Fund 69 93 94



2000 Total: Balances and receipts 73 97 99
Appropriations:
Current law:
2101 Financial Research Fund –69 –93 –94
2103 Financial Research Fund –4 –4 –5
2132 Financial Research Fund 4 5 5



2199 Total current law appropriations –69 –92 –94



2999 Total appropriations –69 –92 –94



5099 Balance, end of year 4 5 5

Program and Financing (in millions of dollars)


Identification code 020–5590–0–2–376 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0002 FSOC 5 8 8
0003 FDIC Payments 4 3 5



0091 FSOC subtotal 9 11 13
0101 OFR 71 78 88



0900 Total new obligations, unexpired accounts 80 89 101

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 62 52 59
1021 Recoveries of prior year unpaid obligations 1 4 4



1070 Unobligated balance (total) 63 56 63
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 69 93 94
1203 Appropriation (previously unavailable)(special or trust) 4 4 5
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –4 –5 –5



1260 Appropriations, mandatory (total) 69 92 94
1930 Total budgetary resources available 132 148 157
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 52 59 56

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 27 34 23
3010 New obligations, unexpired accounts 80 89 101
3020 Outlays (gross) –72 –96 –95
3040 Recoveries of prior year unpaid obligations, unexpired –1 –4 –4



3050 Unpaid obligations, end of year 34 23 25
Memorandum (non-add) entries:
3100 Obligated balance, start of year 27 34 23
3200 Obligated balance, end of year 34 23 25

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 69 92 94
Outlays, gross:
4100 Outlays from new mandatory authority 59 18 24
4101 Outlays from mandatory balances 13 78 71



4110 Outlays, gross (total) 72 96 95
4180 Budget authority, net (total) 69 92 94
4190 Outlays, net (total) 72 96 95

Memorandum (non-add) entries:
5000 Total investments, SOY: Federal securities: Par value 84 80 59
5001 Total investments, EOY: Federal securities: Par value 80 59 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.

Since July 2012, 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 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 23 30 35
11.5 Other personnel compensation 1 1 1



11.9 Total personnel compensation 24 31 36
12.1 Civilian personnel benefits 9 11 13
25.1 Advisory and assistance services 23 24 26
25.3 Other goods and services from Federal sources 7 6 6
25.7 Operation and maintenance of equipment 7 7 7
26.0 Supplies and materials 9 9 9
31.0 Equipment 1 1 1
41.0 Grants, subsidies, and contributions 2



99.0 Direct obligations 80 89 100
99.5 Adjustment for rounding 1



99.9 Total new obligations, unexpired accounts 80 89 101

Employment Summary


Identification code 020–5590–0–2–376 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 125 166 190

Presidential Election Campaign Fund

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5081–0–2–808 2021 actual 2022 est. 2023 est.

0100 Balance, start of year 1 1 26
Receipts:
Current law:
1110 Presidential Election Campaign Fund 24 50 50



2000 Total: Balances and receipts 25 51 76
Appropriations:
Current law:
2101 Presidential Election Campaign Fund –24 –25 –25
2103 Presidential Election Campaign Fund –1 –1 –1
2132 Presidential Election Campaign Fund 1 1 1



2199 Total current law appropriations –24 –25 –25



2999 Total appropriations –24 –25 –25



5099 Balance, end of year 1 26 51

Program and Financing (in millions of dollars)


Identification code 020–5081–0–2–808 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Presidential Election Campaigns 41



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

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 377 401 426
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 24 25 25
1203 Appropriation (Sequestration pop-up, Authorizing Committee) 1 1 1
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –1 –1 –1



1260 Appropriations, mandatory (total) 24 25 25
1930 Total budgetary resources available 401 426 451
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 401 426 410

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

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 24 25 25
Outlays, gross:
4101 Outlays from mandatory balances 41
4180 Budget authority, net (total) 24 25 25
4190 Outlays, net (total) 41

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). The Department of the Treasury collects the income tax designations and makes distributions from the PECF to qualified presidential candidates. Amounts not made available to and used by qualified candidates are transferred to the 10-Year Pediatric Research Initiative Fund, which was established in 2014 by the Gabriella Miller Kids First Research Act.

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.

Amounts previously transferred were intended to cover the years between elections and no funds will be transferred for FY 2022 and FY 2023.

Treasury Franchise Fund

Program and Financing (in millions of dollars)


Identification code 020–4560–0–4–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0802 Financial Management Administrative Support Service 224 214 211
0804 Information Technology Services 231 215 221
0806 Shared Services Program 359 314 327
0808 Centralized Treasury Administrative Services 130 138 160



0900 Total new obligations, unexpired accounts 944 881 919

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 168 124 137
1021 Recoveries of prior year unpaid obligations 13 13 13
1033 Recoveries of prior year paid obligations 1



1070 Unobligated balance (total) 182 137 150
Budget authority:
Spending authority from offsetting collections, discretionary:
1700 Collected 880 881 919
1701 Change in uncollected payments, Federal sources 6



1750 Spending auth from offsetting collections, disc (total) 886 881 919
1930 Total budgetary resources available 1,068 1,018 1,069
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 124 137 150

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 245 303 288
3010 New obligations, unexpired accounts 944 881 919
3020 Outlays (gross) –873 –883 –1,065
3040 Recoveries of prior year unpaid obligations, unexpired –13 –13 –13



3050 Unpaid obligations, end of year 303 288 129
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –26 –32 –32
3070 Change in uncollected pymts, Fed sources, unexpired –6



3090 Uncollected pymts, Fed sources, end of year –32 –32 –32
Memorandum (non-add) entries:
3100 Obligated balance, start of year 219 271 256
3200 Obligated balance, end of year 271 256 97

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 886 881 919
Outlays, gross:
4010 Outlays from new discretionary authority 717 758 790
4011 Outlays from discretionary balances 156 125 275



4020 Outlays, gross (total) 873 883 1,065
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –881 –881 –919
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –6
4053 Recoveries of prior year paid obligations, unexpired accounts 1



4060 Additional offsets against budget authority only (total) –5
4080 Outlays, net (discretionary) –8 2 146
4180 Budget authority, net (total)
4190 Outlays, net (total) –8 2 146

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 2021 actual 2022 est. 2023 est.

Reimbursable obligations:
Personnel compensation:
11.1 Full-time permanent 187 189 193
11.3 Other than full-time permanent 1 1 1
11.5 Other personnel compensation 8 6 6



11.9 Total personnel compensation 196 196 200
12.1 Civilian personnel benefits 72 72 77
23.1 Rental payments to GSA 36 33 34
23.3 Communications, utilities, and miscellaneous charges 82 88 92
25.1 Advisory and assistance services 224 129 141
25.2 Other services from non-Federal sources 40 32 40
25.3 Other goods and services from Federal sources 154 147 160
25.4 Operation and maintenance of facilities 1 2 5
25.7 Operation and maintenance of equipment 87 127 114
26.0 Supplies and materials 3 3 3
31.0 Equipment 44 50 52
32.0 Land and structures 4 1 1



99.0 Reimbursable obligations 943 880 919
99.5 Adjustment for rounding 1 1



99.9 Total new obligations, unexpired accounts 944 881 919

Employment Summary


Identification code 020–4560–0–4–803 2021 actual 2022 est. 2023 est.

2001 Reimbursable civilian full-time equivalent employment 2,036 2,232 2,209

Exchange Stabilization Fund

Program and Financing (in millions of dollars)


Identification code 020–4444–0–3–155 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Exchange Stabilization Fund (Direct) 114,139



0900 Total new obligations, unexpired accounts (object class 25.2) 114,139

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 21,102 40,566 40,616
1021 Recoveries of prior year unpaid obligations 10,520
1026 Adjustment for change in allocation of trust fund limitation or foreign exchange valuation 111,428



1070 Unobligated balance (total) 143,050 40,566 40,616
Budget authority:
Spending authority from offsetting collections, mandatory:
1800 Collected 11,655 50 353
1930 Total budgetary resources available 154,705 40,616 40,969
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 40,566 40,616 40,969

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 63,417 167,036 167,036
3010 New obligations, unexpired accounts 114,139
3040 Recoveries of prior year unpaid obligations, unexpired –10,520



3050 Unpaid obligations, end of year 167,036 167,036 167,036
Memorandum (non-add) entries:
3100 Obligated balance, start of year 63,417 167,036 167,036
3200 Obligated balance, end of year 167,036 167,036 167,036

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 11,655 50 353
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4121 Interest on Federal securities –7 –43 –346
4123 Non-Federal sources –11,648 –7 –7



4130 Offsets against gross budget authority and outlays (total) –11,655 –50 –353
4170 Outlays, net (mandatory) –11,655 –50 –353
4180 Budget authority, net (total)
4190 Outlays, net (total) –11,655 –50 –353

Memorandum (non-add) entries:
5000 Total investments, SOY: Federal securities: Par value 11,170 22,837 22,880
5001 Total investments, EOY: Federal securities: Par value 22,837 22,880 23,226
5010 Total investments, SOY: non-Fed securities: Market value 47

Under the law governing 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) established by the Federal Reserve to enhance liquidity and support the flow of credit to households, and businesses. The investments in these two Federal Reserve facilities were unwound in accordance with their terms in 2021, and the ESF received 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 2020 actual 2021 actual

ASSETS:
Federal assets:
Investments in U.S. securities:
1102 Treasury securities, par 11,170 22,837
1106 Receivables, net
1201 Non-Federal assets: Foreign Currency Investments 33,341 20,945
1801 Other Federal assets: Special Drawing Rights 51,733 163,874


1999 Total assets 96,244 207,656
LIABILITIES:
2207 Non-Federal liabilities: Other 54,917 167,036
NET POSITION:
3100 Unexpended appropriations 200 200
3300 Cumulative results of operations 41,127 40,420


3999 Total net position 41,327 40,620


4999 Total liabilities and net position 96,244 207,656

Economic Stabilization Program Account

Program and Financing (in millions of dollars)


Identification code 020–1889–0–1–376 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Administrative Expenses 20 5 36
0002 Congressional Oversight Commission 2



0091 Direct program activities, subtotal 22 5 36
Credit program obligations:
0701 Direct loan subsidy 9
0703 Subsidy for modifications of direct loans 8
0705 Reestimates of direct loan subsidy 309
0706 Interest on reestimates of direct loan subsidy 597 3



0791 Direct program activities, subtotal 923 3



0900 Total new obligations, unexpired accounts 945 8 36

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 468,136 1,591 220
1021 Recoveries of prior year unpaid obligations 12,290



1070 Unobligated balance (total) 480,426 1,591 220
Budget authority:
Appropriations, mandatory:
1200 Appropriation 906 3
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –478,796 –1,366



1260 Appropriations, mandatory (total) –477,890 –1,363
1900 Budget authority (total) –477,890 –1,363
1930 Total budgetary resources available 2,536 228 220
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 1,591 220 184

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 12,508 13 8
3010 New obligations, unexpired accounts 945 8 36
3020 Outlays (gross) –1,150 –13 –39
3040 Recoveries of prior year unpaid obligations, unexpired –12,290



3050 Unpaid obligations, end of year 13 8 5
Memorandum (non-add) entries:
3100 Obligated balance, start of year 12,508 13 8
3200 Obligated balance, end of year 13 8 5

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross –477,890 –1,363
Outlays, gross:
4101 Outlays from mandatory balances 1,150 13 39
4180 Budget authority, net (total) –477,890 –1,363
4190 Outlays, net (total) 1,150 13 39

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


Identification code 020–1889–0–1–376 2021 actual 2022 est. 2023 est.

Direct loan levels supportable by subsidy budget authority:
115005 Businesses Critical to National Security 36
115007 Passenger Carriers, Small 325
115008 MRO and Ticketing Agencies 40
115009 Cargo Carriers 2



115999 Total direct loan levels 403
Direct loan subsidy (in percent):
132005 Businesses Critical to National Security 4.70 0.00 0.00
132007 Passenger Carriers, Small 1.11 0.00 0.00
132008 MRO and Ticketing Agencies 8.62 0.00 0.00
132009 Cargo Carriers 7.75 0.00 0.00



132999 Weighted average subsidy rate 2.21 0.00 0.00
Direct loan subsidy budget authority:
133005 Businesses Critical to National Security 2
133007 Passenger Carriers, Small 4
133008 MRO and Ticketing Agencies 3



133999 Total subsidy budget authority 9
Direct loan subsidy outlays:
134002 13(3) Main Street Lending Program 8
134005 Businesses Critical to National Security 209
134007 Passenger Carriers, Small 4
134008 MRO and Ticketing Agencies 3



134999 Total subsidy outlays 224
Direct loan reestimates:
135001 13(3) Municipal Liquidity Facility 454 –218
135002 13(3) Main Street Lending Program –13,367 –3,252
135003 13(3) Term Asset-Backed Securities Loan Facility 96 –98
135004 13(3) Corporate Credit Facilities –269 –451
135005 Businesses Critical to National Security –47 –231
135006 Passenger Carriers, Large 9 –157
135007 Passenger Carriers, Small –1
135008 MRO and Ticketing Agencies –3



135999 Total direct loan reestimates –13,124 –4,411

Administrative expense data:
3580 Outlays from balances 15 5 36

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) Sec. 1003 rescinded $478.8 billion in budget authority from this program in 2021 and the Infrastructure Investment and Jobs Act (PL 117–58) Sec. 90007 further rescinded $1.4 billion in 2022.

Starting in 2023, obligations, outlays and staffing include administrative activities for programs authorized by Sec. 9901 of the American Rescue Plan, consistent with Sec. 123 of the Treasury Administrative Provisions.

Object Classification (in millions of dollars)


Identification code 020–1889–0–1–376 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 2 1 8
11.8 Special personal services payments 2



11.9 Total personnel compensation 4 1 8
12.1 Civilian personnel benefits 1 2
25.1 Advisory and assistance services 13 11
25.3 Other goods and services from Federal sources 4 4 15
41.0 Grants, subsidies, and contributions 923 3



99.0 Direct obligations 945 8 36



99.9 Total new obligations, unexpired accounts 945 8 36

Employment Summary


Identification code 020–1889–0–1–376 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 11 5 64

Economic Stabilization Direct Loan Financing Account

Program and Financing (in millions of dollars)


Identification code 020–4447–0–3–376 2021 actual 2022 est. 2023 est.

Obligations by program activity:
Credit program obligations:
0710 Direct loan obligations 403
0713 Payment of interest to Treasury 607 198 195
0741 Modification savings 155
0742 Downward reestimates paid to receipt accounts 14,024 4,341
0743 Interest on downward reestimates 6 74



0900 Total new obligations, unexpired accounts 15,040 4,768 195

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 379
1021 Recoveries of prior year unpaid obligations 105,580
1024 Unobligated balance of borrowing authority withdrawn –93,291



1070 Unobligated balance (total) 12,289 379
Financing authority:
Borrowing authority, mandatory:
1400 Borrowing authority 14,714 3,775 112
1424 Capital transfers of borrowing authority to general fund –1



1440 Borrowing authority, mandatory (total) 14,713 3,775 112
Spending authority from offsetting collections, mandatory:
1800 Collected 78,980 5,753 83
1801 Change in uncollected payments, Federal sources –12,497
1825 Spending authority from offsetting collections applied to repay debt –78,066 –5,139



1850 Spending auth from offsetting collections, mand (total) –11,583 614 83
1900 Budget authority (total) 3,130 4,389 195
1930 Total budgetary resources available 15,419 4,768 195
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 379

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 106,035
3010 New obligations, unexpired accounts 15,040 4,768 195
3020 Outlays (gross) –15,495 –4,768 –195
3040 Recoveries of prior year unpaid obligations, unexpired –105,580
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –12,497
3070 Change in uncollected pymts, Fed sources, unexpired 12,497
Memorandum (non-add) entries:
3100 Obligated balance, start of year 93,538

Financing authority and disbursements, net:
Mandatory:
4090 Budget authority, gross 3,130 4,389 195
Financing disbursements:
4110 Outlays, gross (total) 15,495 4,768 195
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120 Federal sources –1,131 –3
4122 Interest on uninvested funds –130 –12 –3
4123 Non-Federal sources –77,719 –5,738 –80



4130 Offsets against gross budget authority and outlays (total) –78,980 –5,753 –83
Additional offsets against financing authority only (total):
4140 Change in uncollected pymts, Fed sources, unexpired 12,497



4160 Budget authority, net (mandatory) –63,353 –1,364 112
4170 Outlays, net (mandatory) –63,485 –985 112
4180 Budget authority, net (total) –63,353 –1,364 112
4190 Outlays, net (total) –63,485 –985 112

Status of Direct Loans (in millions of dollars)


Identification code 020–4447–0–3–376 2021 actual 2022 est. 2023 est.

Position with respect to appropriations act limitation on obligations:
1111 Direct loan obligations from current-year authority 403



1150 Total direct loan obligations 403

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year 104,320 27,544 22,382
1231 Disbursements: Direct loan disbursements 858
1251 Repayments: Repayments and prepayments –77,634 –5,162 –80



1290 Outstanding, end of year 27,544 22,382 22,302

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 2020 actual 2021 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury 380
Investments in U.S. securities:
1106 Receivables, net 458
Non-Federal assets:
1201 Investments in non-Federal securities, net 97,899 25,578
1206 Receivables, net 462
Net value of assets related to post-1991 direct loans receivable:
1401 Direct loans receivable, gross 1,821 1,147
1402 Interest receivable 2 7
1405 Allowance for subsidy cost (-) –243 158


1499 Net present value of assets related to direct loans 1,580 1,312


1999 Total assets 99,937 27,732
LIABILITIES:
Federal liabilities:
2103 Debt 87,102 23,998
2105 Other 12,835 3,734
2205 Non-Federal liabilities: Lease liabilities, net


2999 Total liabilities 99,937 27,732
NET POSITION:
3300 Cumulative results of operations
3300 Cumulative results of operations
3300 Cumulative results of operations
3300 Cumulative results of operations
3300 Cumulative results of operations
3300 Cumulative results of operations


3999 Total net position


4999 Total liabilities and net position 99,937 27,732

Air Carrier Worker Support

Program and Financing (in millions of dollars)


Identification code 020–1894–0–1–402 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Administrative Expenses 15 7 7
0002 Passenger Air Carrier Worker Relief 28,582 4
0003 Cargo Air Carrier Worker Relief 5
0004 Air Carrier Contractor Worker Relief 2,244 2



0900 Total new obligations, unexpired accounts 30,846 13 7

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 3,794 3,993 903
1021 Recoveries of prior year unpaid obligations 34 31
1033 Recoveries of prior year paid obligations 11 92



1070 Unobligated balance (total) 3,839 4,116 903
Budget authority:
Appropriations, mandatory:
1200 Appropriation 31,000
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –3,200



1260 Appropriations, mandatory (total) 31,000 –3,200
1930 Total budgetary resources available 34,839 916 903
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 3,993 903 896

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 65 110
3010 New obligations, unexpired accounts 30,846 13 7
3020 Outlays (gross) –30,767 –92 –7
3040 Recoveries of prior year unpaid obligations, unexpired –34 –31



3050 Unpaid obligations, end of year 110
Memorandum (non-add) entries:
3100 Obligated balance, start of year 65 110
3200 Obligated balance, end of year 110

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 31,000 –3,200
Outlays, gross:
4100 Outlays from new mandatory authority 30,260
4101 Outlays from mandatory balances 507 92 7



4110 Outlays, gross (total) 30,767 92 7
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123 Non-Federal sources –11 –92
Additional offsets against gross budget authority only:
4143 Recoveries of prior year paid obligations, unexpired accounts 11 92



4160 Budget authority, net (mandatory) 31,000 –3,200
4170 Outlays, net (mandatory) 30,756 7
4180 Budget authority, net (total) 31,000 –3,200
4190 Outlays, net (total) 30,756 7

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. The Infrastructure Investment and Jobs Act (P.L. 117–58) Section 90007 rescinded $3 billion from CARES Act Section 4120 budget authority, which corresponded with a lack of demand for the program among cargo airlines, as well as $200 million from the P.L. 116–260 Division N Sec. 411 budget authority.

Starting in 2023, obligations and outlays also reflect amounts provided for the administration of the Emergency Rental Assistance program and programs authorized by Sec. 9901 of the American Rescue Plan, consistent with Sec. 123 of the Treasury Administrative Provisions.

Object Classification (in millions of dollars)


Identification code 020–1894–0–1–402 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 2 1
11.8 Special personal services payments 1



11.9 Total personnel compensation 3 1
12.1 Civilian personnel benefits 1
25.1 Advisory and assistance services 6 2 4
25.3 Other goods and services from Federal sources 5 4 3
41.0 Grants, subsidies, and contributions 30,831 6



99.0 Direct obligations 30,846 13 7



99.9 Total new obligations, unexpired accounts 30,846 13 7

Employment Summary


Identification code 020–1894–0–1–402 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 14 5 1

Transportation Services Economic Relief

Program and Financing (in millions of dollars)


Identification code 020–0156–0–1–401 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0002 Administrative Costs 4 9 6
0003 Passenger Vessel Companies 279 80
0004 Motor Coach Companies 721 318
0005 School Bus Companies 290 285
0006 Pilotage Companies 1 1



0900 Total new obligations, unexpired accounts 1,295 693 6

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 705 19
1021 Recoveries of prior year unpaid obligations 7



1070 Unobligated balance (total) 712 19
Budget authority:
Appropriations, mandatory:
1200 Appropriation 2,000
1930 Total budgetary resources available 2,000 712 19
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 705 19 13

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1 2
3010 New obligations, unexpired accounts 1,295 693 6
3020 Outlays (gross) –1,294 –685 –8
3040 Recoveries of prior year unpaid obligations, unexpired –7



3050 Unpaid obligations, end of year 1 2
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1 2
3200 Obligated balance, end of year 1 2

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 2,000
Outlays, gross:
4100 Outlays from new mandatory authority 1,294
4101 Outlays from mandatory balances 685 8



4110 Outlays, gross (total) 1,294 685 8
4180 Budget authority, net (total) 2,000
4190 Outlays, net (total) 1,294 685 8

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 suffered revenue loss due to the coronavirus pandemic. Eligible companies provided charter, local, commuter, school, and tour bus services.Eligible small passenger vessels (as defined in 46 U.S.C 85, 116, and 2101) and the pilotage industry were also included.

Object Classification (in millions of dollars)


Identification code 020–0156–0–1–401 2021 actual 2022 est. 2023 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 2 1
25.1 Advisory and assistance services 2 5 4
25.3 Other goods and services from Federal sources 2 2 1
41.0 Grants, subsidies, and contributions 1,291 684



99.9 Total new obligations, unexpired accounts 1,295 693 6

Employment Summary


Identification code 020–0156–0–1–401 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 2 11 4

Coronavirus Relief Fund

Program and Financing (in millions of dollars)


Identification code 020–1892–0–1–806 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0004 States and DC (ARP) 154,140 41,160
0005 Territories (ARP) 4,500
0006 Tribal Governments (ARP) 19,957 44
0007 Local - Metro Cities (ARP) 22,506 23,063
0008 Local - Counties (ARP) 32,284 32,816
0009 Local - Nonentitlement Units (ARP) 9,546 9,984
0012 Administrative Expenses 16 28 4
0013 State Capital Projects 9,800
0014 Territories Capital Projects 100
0015 Tribal Government Capital Projects 100
0016 Local Assistance 750 750
0017 Tribal Consistency 250 250



0900 Total new obligations, unexpired accounts 242,949 118,095 1,004

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 119,101 1,006
Budget authority:
Appropriations, mandatory:
1200 Appropriation [State Local Tribes etc.] 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) 362,050
1930 Total budgetary resources available 362,050 119,101 1,006
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 119,101 1,006 2

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 534 23 8,441
3010 New obligations, unexpired accounts 242,949 118,095 1,004
3011 Obligations ("upward adjustments"), expired accounts 1
3020 Outlays (gross) –243,460 –109,677 –3,523
3041 Recoveries of prior year unpaid obligations, expired –1



3050 Unpaid obligations, end of year 23 8,441 5,922
Memorandum (non-add) entries:
3100 Obligated balance, start of year 534 23 8,441
3200 Obligated balance, end of year 23 8,441 5,922

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 362,050
Outlays, gross:
4100 Outlays from new mandatory authority 242,944
4101 Outlays from mandatory balances 516 109,677 3,523



4110 Outlays, gross (total) 243,460 109,677 3,523
4180 Budget authority, net (total) 362,050
4190 Outlays, net (total) 243,460 109,677 3,523

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, including broadband infrastructure, 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.

Starting in 2023, obligations, outlays, and staffing associated with the administration of programs authorized by Sec. 9901 of the American Rescue Plan are reflected in the Economic Stabilization Program and the Air Carrier Worker Support accounts, consistent with Sec. 123 of the Treasury Administrative Provisions.

Object Classification (in millions of dollars)


Identification code 020–1892–0–1–806 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 1 7
11.8 Special personal services payments 2



11.9 Total personnel compensation 3 7
12.1 Civilian personnel benefits 2
25.1 Advisory and assistance services 5 8 2
25.3 Other goods and services from Federal sources 8 10 2
41.0 Grants, subsidies, and contributions 242,933 118,066 1,000



99.0 Direct obligations 242,949 118,093 1,004
99.5 Adjustment for rounding 2



99.9 Total new obligations, unexpired accounts 242,949 118,095 1,004

Employment Summary


Identification code 020–1892–0–1–806 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 7 61

Emergency Rental Assistance

Program and Financing (in millions of dollars)


Identification code 020–0150–0–1–604 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payments to Territories (CAA21) 400
0002 Payments to Tribes and Hawaiian Homeland (CAA21) 800 200
0003 Payments to States (CAA21) 23,785 5,054
0004 Administrative Costs 13 14 11
0005 States and Other Entities (ARP) 7,308 11,404
0006 Territories (ARP) 148 157
0007 Payments to High-need Grantees (ARP) 1,004 1,496



0900 Total new obligations, unexpired accounts 33,458 18,325 11

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 13,083 12
1012 Unobligated balance transfers between expired and unexpired accounts 5,254



1070 Unobligated balance (total) 18,337 12
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 18,337 12
Memorandum (non-add) entries:
1940 Unobligated balance expiring –6
1941 Unexpired unobligated balance, end of year 13,083 12 1

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 146 1
3010 New obligations, unexpired accounts 33,458 18,325 11
3020 Outlays (gross) –33,312 –18,470 –10



3050 Unpaid obligations, end of year 146 1 2
Memorandum (non-add) entries:
3100 Obligated balance, start of year 146 1
3200 Obligated balance, end of year 146 1 2

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 46,547
Outlays, gross:
4100 Outlays from new mandatory authority 33,312
4101 Outlays from mandatory balances 18,470 10



4110 Outlays, gross (total) 33,312 18,470 10
4180 Budget authority, net (total) 46,547
4190 Outlays, net (total) 33,312 18,470 10

The Consolidated Appropriations Act, 2021 (P.L. 116–260) Division N Section 501 established the Emergency Rental Assistance program 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.

Starting in 2023, obligations and outlays associated with the administration of the Emergency Rental Assistance program are reflected in the Air Carrier Worker Support account, consistent with Sec. 123 of the Treasury Administrative Provisions.

Object Classification (in millions of dollars)


Identification code 020–0150–0–1–604 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 3 3
11.8 Special personal services payments 2



11.9 Total personnel compensation 2 3 3
12.1 Civilian personnel benefits 1 1
25.1 Advisory and assistance services 3 4 1
25.3 Other goods and services from Federal sources 8 6 6
41.0 Grants, subsidies, and contributions 33,445 18,311



99.9 Total new obligations, unexpired accounts 33,458 18,325 11

Employment Summary


Identification code 020–0150–0–1–604 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 3 20 21

Homeowner Assistance Fund

Program and Financing (in millions of dollars)


Identification code 020–0124–0–1–604 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payments to Territories 3 27
0002 Payments to Tribes 32 466
0003 Payments to States 931 8,460
0004 Administrative Costs 4 12 12



0900 Total new obligations, unexpired accounts 970 8,965 12

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 8,988 23
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 8,988 23
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 8,988 23 11

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 2
3010 New obligations, unexpired accounts 970 8,965 12
3020 Outlays (gross) –968 –8,967 –12



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

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 9,958
Outlays, gross:
4100 Outlays from new mandatory authority 968
4101 Outlays from mandatory balances 8,967 12



4110 Outlays, gross (total) 968 8,967 12
4180 Budget authority, net (total) 9,958
4190 Outlays, net (total) 968 8,967 12

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 2021 actual 2022 est. 2023 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 4 4
12.1 Civilian personnel benefits 1 1
25.1 Advisory and assistance services 1 3 3
25.3 Other goods and services from Federal sources 2 4 5
41.0 Grants, subsidies, and contributions 965 8,953



99.0 Direct obligations 968 8,965 13
99.5 Adjustment for rounding 2 –1



99.9 Total new obligations, unexpired accounts 970 8,965 12

Employment Summary


Identification code 020–0124–0–1–604 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 2 27 26

State Small Business Credit Initiative

Program and Financing (in millions of dollars)


Identification code 020–0142–0–1–376 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 SSBCI Program 7,800
0002 Secretary's Priorities 1,500
0003 Tribal Governments 500
0004 Administrative Expenses 6 23 27



0900 Total new obligations, unexpired accounts 6 9,823 27

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 9,994 171
Budget authority:
Appropriations, mandatory:
1200 Appropriation 10,000
1900 Budget authority (total) 10,000
1930 Total budgetary resources available 10,000 9,994 171
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 9,994 171 144

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1 5 6,900
3010 New obligations, unexpired accounts 6 9,823 27
3020 Outlays (gross) –2 –2,928 –1,327



3050 Unpaid obligations, end of year 5 6,900 5,600
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1 5 6,900
3200 Obligated balance, end of year 5 6,900 5,600

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 10,000
Outlays, gross:
4100 Outlays from new mandatory authority 2
4101 Outlays from mandatory balances 2,928 1,327



4110 Outlays, gross (total) 2 2,928 1,327
4180 Budget authority, net (total) 10,000
4190 Outlays, net (total) 2 2,928 1,327

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.) and provides additional funding for the State Small Business Credit Initiative (SSBCI) that was originally established in the Small Business Jobs Act of 2010 (P.L. 111–240). SSBCI funds eligible state, territorial and tribal government programs through September 29, 2030, which provide support to investment and credit programs for small businesses, with particular emphasis on business enterprises owned and controlled by socially and economically disadvantaged individuals. Additionally, SSBCI funds technical assistance for small businesses applying for Federal and State support programs.

Object Classification (in millions of dollars)


Identification code 020–0142–0–1–376 2021 actual 2022 est. 2023 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 6 6
12.1 Civilian personnel benefits 2 2
25.1 Advisory and assistance services 10 13
25.3 Other goods and services from Federal sources 5 5 5
41.0 Grants, subsidies, and contributions 9,800



99.0 Direct obligations 5 9,823 26
99.5 Adjustment for rounding 1 1



99.9 Total new obligations, unexpired accounts 6 9,823 27

Employment Summary


Identification code 020–0142–0–1–376 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 3 37 39

Special Inspector General for Pandemic Recovery

Salaries and Expenses

For necessary expenses of the Office of the Special Inspector General for Pandemic Recovery in carrying out section 4018 of the Coronavirus Aid, Relief, and Economic Security Act of 2020 (Public Law 116–136), in addition to amounts otherwise available for such purpose, $25,000,000, to remain available until September 30, 2025.

Program and Financing (in millions of dollars)


Identification code 020–1893–0–1–376 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Special Inspector General for Pandemic Recovery 11 13 25

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 24 13
Budget authority:
Appropriations, discretionary:
1100 Appropriation 25
1900 Budget authority (total) 25
1930 Total budgetary resources available 24 13 25
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 13

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1 1 1
3010 New obligations, unexpired accounts 11 13 25
3020 Outlays (gross) –11 –13 –23



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

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 25
Outlays, gross:
4010 Outlays from new discretionary authority 23
Mandatory:
Outlays, gross:
4101 Outlays from mandatory balances 11 13
4180 Budget authority, net (total) 25
4190 Outlays, net (total) 11 13 23

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 $25 million in appropriated funds to carry out section 4018 of the CARES Act. This funding is critical in ensuring that SIGPR's audit and investigative services have the necessary resources to identify waste, fraud, and abuse, protect the integrity of CARES Act funds, and aid in the conviction of perpetrators of unlawful activity, while collecting renumeration for the U.S. Treasury.

Object Classification (in millions of dollars)


Identification code 020–1893–0–1–376 2021 actual 2022 est. 2023 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 6 8 12
12.1 Civilian personnel benefits 1 2 3
23.1 Rental payments to GSA 1 1 1
25.3 Other goods and services from Federal sources 4 2 6



99.0 Direct obligations 12 13 22
99.5 Adjustment for rounding –1 3



99.9 Total new obligations, unexpired accounts 11 13 25

Employment Summary


Identification code 020–1893–0–1–376 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 35 38 66

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, $331,420,000. 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, 2024, 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, 2024, 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, 2024, 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 30,2024, 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, 2024, 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 $35,037,000 is available until September 30, 2023, 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 2023, 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, 2023: 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.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–1881–0–1–451 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0009 General Administrative Expenses 30 29 35
0012 Financial Assistance 22 312 215
0013 Small Dollar Loan Program 11 12 8
0014 Native American/Hawaiian Program 3 30 22
0015 Economic Mobility Corps 2 4 2
0026 Healthy Food Initiative 45 23
0028 Bank Enterprise Award 26 52
0050 No Year Account 3 1



0091 Direct program activities, subtotal 68 461 358
Credit program obligations:
0701 Direct loan subsidy 3 2
0705 Reestimates of direct loan subsidy 1 1
0706 Interest on reestimates of direct loan subsidy 14 17



0791 Direct program activities, subtotal 15 21 2



0900 Total new obligations, unexpired accounts 83 482 360

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 14 218 28
1001 Discretionary unobligated balance brought fwd, Oct 1 12
1021 Recoveries of prior year unpaid obligations 1 1



1070 Unobligated balance (total) 14 219 29
Budget authority:
Appropriations, discretionary:
1100 Appropriation 270 270 331
Appropriations, mandatory:
1200 Appropriation 16 18 1
Spending authority from offsetting collections, discretionary:
1700 Collected 2
Spending authority from offsetting collections, mandatory:
1800 Collected 1 1
1900 Budget authority (total) 287 291 332
1930 Total budgetary resources available 301 510 361
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 218 28 1

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 267 75 284
3010 New obligations, unexpired accounts 83 482 360
3020 Outlays (gross) –274 –272 –279
3040 Recoveries of prior year unpaid obligations, unexpired –1 –1
3041 Recoveries of prior year unpaid obligations, expired –1



3050 Unpaid obligations, end of year 75 284 364
Memorandum (non-add) entries:
3100 Obligated balance, start of year 267 75 284
3200 Obligated balance, end of year 75 284 364

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 270 272 331
Outlays, gross:
4010 Outlays from new discretionary authority 21 25 27
4011 Outlays from discretionary balances 237 229 250



4020 Outlays, gross (total) 258 254 277
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033 Non-Federal sources –2



4040 Offsets against gross budget authority and outlays (total) –2
Mandatory:
4090 Budget authority, gross 17 19 1
Outlays, gross:
4100 Outlays from new mandatory authority 16 18 1
4101 Outlays from mandatory balances 1



4110 Outlays, gross (total) 16 18 2
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123 Non-Federal sources –1 –1
4180 Budget authority, net (total) 286 288 332
4190 Outlays, net (total) 273 269 279

Memorandum (non-add) entries:
5010 Total investments, SOY: non-Fed securities: Market value 16 47 47
5011 Total investments, EOY: non-Fed securities: Market value 47 47 47

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


Identification code 020–1881–0–1–451 2021 actual 2022 est. 2023 est.

Direct loan levels supportable by subsidy budget authority:
115001 Community Development Financial Institutions Prog Fin Assist. 25 25
115002 Bond Guarantee Program 100 500 500



115999 Total direct loan levels 100 525 525
Direct loan subsidy (in percent):
132001 Community Development Financial Institutions Prog Fin Assist. 0.00 12.61 9.08
132002 Bond Guarantee Program –4.62 0.00 0.00



132999 Weighted average subsidy rate –4.62 0.60 0.43
Direct loan subsidy budget authority:
133001 Community Development Financial Institutions Prog Fin Assist. 3 2
133002 Bond Guarantee Program –5



133999 Total subsidy budget authority –5 3 2
Direct loan subsidy outlays:
134002 Bond Guarantee Program –3



134999 Total subsidy outlays –3
Direct loan reestimates:
135001 Community Development Financial Institutions Prog Fin Assist. 2 –2
135002 Bond Guarantee Program 4 4



135999 Total direct loan reestimates 6 2

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 2023 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 2021 actual 2022 est. 2023 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 9 10 12
12.1 Civilian personnel benefits 3 4 4
25.1 Advisory and assistance services 5 2 4
25.3 Other goods and services from Federal sources 8 12 10
25.7 Operation and maintenance of equipment 3 4
31.0 Equipment 5 6 4
41.0 Grants, subsidies, and contributions 53 446 322



99.0 Direct obligations 83 483 360
99.5 Adjustment for rounding –1



99.9 Total new obligations, unexpired accounts 83 482 360

Employment Summary


Identification code 020–1881–0–1–451 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 67 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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
Credit program obligations:
0710 Direct loan obligations 100 525 525
0713 Payment of interest to Treasury 3 3 3
0715 Payments of interest to FFB 34 34 40
0740 Negative subsidy obligations 5
0742 Downward reestimates paid to receipt accounts 9 16
0743 Interest on downward reestimates 1



0900 Total new obligations, unexpired accounts 151 579 568

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 2 2 2
1021 Recoveries of prior year unpaid obligations 27
1023 Unobligated balances applied to repay debt –2 –2 –2
1024 Unobligated balance of borrowing authority withdrawn –27
Financing authority:
Borrowing authority, mandatory:
1400 Borrowing authority 117 525 525
Spending authority from offsetting collections, mandatory:
1800 Collected 95 105 103
1825 Spending authority from offsetting collections applied to repay debt –59 –49 –58



1850 Spending auth from offsetting collections, mand (total) 36 56 45
1900 Budget authority (total) 153 581 570
1930 Total budgetary resources available 153 581 570
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 2 2 2

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 423 402 784
3010 New obligations, unexpired accounts 151 579 568
3020 Outlays (gross) –145 –197 –290
3040 Recoveries of prior year unpaid obligations, unexpired –27



3050 Unpaid obligations, end of year 402 784 1,062
Memorandum (non-add) entries:
3100 Obligated balance, start of year 423 402 784
3200 Obligated balance, end of year 402 784 1,062

Financing authority and disbursements, net:
Mandatory:
4090 Budget authority, gross 153 581 570
Financing disbursements:
4110 Outlays, gross (total) 145 197 290
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120 Federal sources –16 –18
4122 Interest on uninvested funds –3 –3 –3
4123 Non-Federal sources - Interest repayments –76 –35 –42
4123 Non-Federal sources - Principal Repayments –49 –58



4130 Offsets against gross budget authority and outlays (total) –95 –105 –103



4160 Budget authority, net (mandatory) 58 476 467
4170 Outlays, net (mandatory) 50 92 187
4180 Budget authority, net (total) 58 476 467
4190 Outlays, net (total) 50 92 187

Status of Direct Loans (in millions of dollars)


Identification code 020–4088–0–3–451 2021 actual 2022 est. 2023 est.

Position with respect to appropriations act limitation on obligations:
1111 Direct loan obligations from current-year authority 100 525 525



1150 Total direct loan obligations 100 525 525

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year 1,213 1,265 1,412
1231 Disbursements: Direct loan disbursements 95 197 290
1251 Repayments: Repayments and prepayments –42 –49 –58
1263 Write-offs for default: Direct loans –1 –1 –1



1290 Outstanding, end of year 1,265 1,412 1,643

Balance Sheet (in millions of dollars)


Identification code 020–4088–0–3–451 2020 actual 2021 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury 2 2
Investments in U.S. securities:
1106 Receivables, net 19 20
Net value of assets related to post-1991 direct loans receivable:
1401 Direct loans receivable, gross 1,213 1,265
1402 Interest receivable 1
1405 Allowance for subsidy cost (-) 35 40


1499 Net present value of assets related to direct loans 1,248 1,306
1801 Other Federal assets: Cash and other monetary assets


1999 Total assets 1,269 1,328
LIABILITIES:
Federal liabilities:
2103 Debt 1,257 1,308
2105 Other Liabilities without Related Budgetary Offset 12 20


2999 Total liabilities 1,269 1,328
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 1,269 1,328

Community Development Financial Institutions Fund Program, Emergency Support

Program and Financing (in millions of dollars)


Identification code 020–0160–0–1–451 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 CDFI Grants Economic Impact Rapid Response 1,248
0002 CDFI Grants Economic Impact Underserved Communities 1,739
0003 Administrative 3 3



0900 Total new obligations, unexpired accounts 1,248 3 1,742

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 1,750 1,747
Budget authority:
Appropriations, mandatory:
1200 Appropriation 3,000
1930 Total budgetary resources available 3,000 1,750 1,747
Memorandum (non-add) entries:
1940 Unobligated balance expiring –2
1941 Unexpired unobligated balance, end of year 1,750 1,747 5

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 163 33
3010 New obligations, unexpired accounts 1,248 3 1,742
3020 Outlays (gross) –1,085 –133 –905



3050 Unpaid obligations, end of year 163 33 870
Memorandum (non-add) entries:
3100 Obligated balance, start of year 163 33
3200 Obligated balance, end of year 163 33 870

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 3,000
Outlays, gross:
4100 Outlays from new mandatory authority 1,085
4101 Outlays from mandatory balances 133 905



4110 Outlays, gross (total) 1,085 133 905
4180 Budget authority, net (total) 3,000
4190 Outlays, net (total) 1,085 133 905

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 awarded $1.25 billion of these funds through its newly established CDFI Rapid Response Program (CDFI RRP), which was designed to quickly deploy capital to CDFIs through a streamlined application and review process.

The CDFI Fund will begin the process of making $1.75 billion in grant funds available 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 2021 actual 2022 est. 2023 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 1 1
12.1 Civilian personnel benefits 1 1
25.3 Other goods and services from Federal sources 1 1
41.0 Grants, subsidies, and contributions 1,248 1,739



99.9 Total new obligations, unexpired accounts 1,248 3 1,742

Employment Summary


Identification code 020–0160–0–1–451 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 3 12 12

Emergency Capital Investment Fund

Program and Financing (in millions of dollars)


Identification code 020–0161–0–1–451 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Administrative Costs 24 36 15
0002 Preferred Stock Investments 4,816
0003 Debt Purchases 3,931



0900 Total new obligations, unexpired accounts 24 8,783 15

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 8,976 193
Budget authority:
Appropriations, mandatory:
1200 Appropriation 9,000
1930 Total budgetary resources available 9,000 8,976 193
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 8,976 193 178

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 19 18
3010 New obligations, unexpired accounts 24 8,783 15
3020 Outlays (gross) –5 –8,784 –15



3050 Unpaid obligations, end of year 19 18 18
Memorandum (non-add) entries:
3100 Obligated balance, start of year 19 18
3200 Obligated balance, end of year 19 18 18

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 9,000
Outlays, gross:
4100 Outlays from new mandatory authority 5
4101 Outlays from mandatory balances 8,784 15



4110 Outlays, gross (total) 5 8,784 15
4180 Budget authority, net (total) 9,000
4190 Outlays, net (total) 5 8,784 15

The Emergency Capital Investment Program (ECIP) invests in either perpetual preferred equity or subordinated debt (with a maturity of fifteen or thirty 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. The ECIP application period closed on September 1, 2021 and preliminary recipients were announced in December 2021.

Object Classification (in millions of dollars)


Identification code 020–0161–0–1–451 2021 actual 2022 est. 2023 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 13 27 8
25.2 Other services from non-Federal sources 8
25.3 Other goods and services from Federal sources 2 4 3
41.0 Grants, subsidies, and contributions 8,747



99.0 Direct obligations 23 8,782 15
99.5 Adjustment for rounding 1 1



99.9 Total new obligations, unexpired accounts 24 8,783 15

Employment Summary


Identification code 020–0161–0–1–451 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 27 23

Community Financial Development Institutions Affordable Housing Supply Fund

(Legislative proposal, subject to PAYGO)

Program and Financing (in millions of dollars)


Identification code 020–1898–4–1–604 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Direct program activity 500



0900 Total new obligations, unexpired accounts (object class 41.0) 500

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 5,000
1930 Total budgetary resources available 5,000
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 4,500

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

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 5,000
Outlays, gross:
4100 Outlays from new mandatory authority 500
4180 Budget authority, net (total) 5,000
4190 Outlays, net (total) 500

The CDFI Affordable Housing Supply Fund expands lending in disadvantaged communities and increases the affordable housing supply. The 2023 Budget proposes $5 billion in long-term mandatory funding to support lending by eligible CDFIs to finance new construction and substantial rehabilitation that creates net new units of affordable rental and for sale housing.

Office of Financial Stability

Program and Financing (in millions of dollars)


Identification code 020–0128–0–1–376 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Office of Financial Stability (Direct) 36 38 34

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 1 1
Budget authority:
Appropriations, mandatory:
1200 Appropriation 41 38 34
1930 Total budgetary resources available 41 39 35
Memorandum (non-add) entries:
1940 Unobligated balance expiring –4
1941 Unexpired unobligated balance, end of year 1 1 1

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 30 19 24
3010 New obligations, unexpired accounts 36 38 34
3020 Outlays (gross) –31 –33 –30
3041 Recoveries of prior year unpaid obligations, expired –16



3050 Unpaid obligations, end of year 19 24 28
Memorandum (non-add) entries:
3100 Obligated balance, start of year 30 19 24
3200 Obligated balance, end of year 19 24 28

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 41 38 34
Outlays, gross:
4100 Outlays from new mandatory authority 23 25 17
4101 Outlays from mandatory balances 8 8 13



4110 Outlays, gross (total) 31 33 30
4180 Budget authority, net (total) 41 38 34
4190 Outlays, net (total) 31 33 30

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 2021 actual 2022 est. 2023 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 1 1 1
25.1 Advisory and assistance services 3 3 3
25.2 Other services from non-Federal sources 22 28 24
25.3 Other goods and services from Federal sources 5 5 5
41.0 Grants, subsidies, and contributions 4



99.0 Direct obligations 35 37 33
99.5 Adjustment for rounding 1 1 1



99.9 Total new obligations, unexpired accounts 36 38 34

Employment Summary


Identification code 020–0128–0–1–376 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 10 10 8

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 2021 actual 2022 est. 2023 est.

Direct loan reestimates:
135001 Automotive Industry Financing Program –3



135999 Total direct loan reestimates –3

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
Credit program obligations:
0742 Downward reestimates paid to receipt accounts 2
0743 Interest on downward reestimates 1



0900 Total new obligations, unexpired accounts 3

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 3
Financing authority:
Spending authority from offsetting collections, mandatory:
1800 Collected 3
1900 Budget authority (total) 3
1930 Total budgetary resources available 3 3
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 3

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 3
3010 New obligations, unexpired accounts 3



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 3
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4123 Principal –3
4180 Budget authority, net (total)
4190 Outlays, net (total) –3

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 2020 actual 2021 actual

ASSETS:
1101 Federal assets: Fund balances with Treasury 13 3
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 3
LIABILITIES:
Federal liabilities:
2104 Resources payable to Treasury 13
2105 Other 3


2999 Total upward reestimate subsidy BA [20–0132] 13 3
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 13 3

Troubled Asset Relief Program Equity Purchase Program

Program and Financing (in millions of dollars)


Identification code 020–0134–0–1–376 2021 actual 2022 est. 2023 est.

Obligations by program activity:
Credit program obligations:
0705 Reestimates of direct loan subsidy 2 4
0706 Interest on reestimates of direct loan subsidy 3 8



0900 Total new obligations, unexpired accounts (object class 41.0) 5 12

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 5 12
1930 Total budgetary resources available 5 12

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 5 12
3020 Outlays (gross) –5 –12

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 5 12
Outlays, gross:
4100 Outlays from new mandatory authority 5 12
4180 Budget authority, net (total) 5 12
4190 Outlays, net (total) 5 12

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


Identification code 020–0134–0–1–376 2021 actual 2022 est. 2023 est.

Direct loan reestimates:
135001 Capital Purchase Program –3 12
135006 Community Development Capital Initiative 5



135999 Total direct loan reestimates 2 12

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 2021 actual 2022 est. 2023 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 4 1

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 4 1 13
1023 Unobligated balances applied to repay debt –3 –1



1070 Unobligated balance (total) 1 1 12
Financing authority:
Borrowing authority, mandatory:
1400 Borrowing authority 3
Spending authority from offsetting collections, mandatory:
1800 Collected 6 13 1
1825 Spending authority from offsetting collections applied to repay debt –5



1850 Spending auth from offsetting collections, mand (total) 1 13 1
1900 Budget authority (total) 4 13 1
1930 Total budgetary resources available 5 14 13
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 1 13 13

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



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 13 1
Financing disbursements:
4110 Outlays, gross (total) 4
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120 Federal sources –5 –13
4123 Dividends –1
4123 Redemption –1



4130 Offsets against gross budget authority and outlays (total) –6 –13 –1



4160 Budget authority, net (mandatory) –2
4170 Outlays, net (mandatory) –2 –13 –1
4180 Budget authority, net (total) –2
4190 Outlays, net (total) –2 –13 –1

Status of Direct Loans (in millions of dollars)


Identification code 020–4278–0–3–376 2021 actual 2022 est. 2023 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year 23 13 13
1251 Repayments: Repayments and prepayments –1 –1
1263 Write-offs for default: Direct loans –4
1264 Other adjustments, net (+ or -) –5



1290 Outstanding, end of year 13 13 12

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 2020 actual 2021 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury 4 1
Investments in U.S. securities:
1106 Receivables, net 12
Non-Federal assets:
1201 Investments in non-Federal securities, net
1206 Receivables, net 2
Net value of assets related to post-1991 direct loans receivable:
1401 Direct loans receivable, gross 23 13
1405 Allowance for subsidy cost (-) –7 –9
1405 Allowance for subsidy cost (-)


1499 Net present value of assets related to direct loans 16 4


1999 Total assets 22 17
LIABILITIES:
Federal liabilities:
2103 Debt 22 17
2105 Other


2999 Total liabilities 22 17
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 22 17

Troubled Asset Relief Program, Housing Programs

Program and Financing (in millions of dollars)


Identification code 020–0136–0–1–604 2021 actual 2022 est. 2023 est.

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 91 91 91
1031 Other balances not available –114
1033 Recoveries of prior year paid obligations 114



1070 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 1,693 1,214 706
3020 Outlays (gross) –479 –508 –456



3050 Unpaid obligations, end of year 1,214 706 250
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1,693 1,214 706
3200 Obligated balance, end of year 1,214 706 250

Budget authority and outlays, net:
Mandatory:
Outlays, gross:
4101 Outlays from mandatory balances 479 508 456
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123 Non-Federal sources –114
Additional offsets against gross budget authority only:
4143 Recoveries of prior year paid obligations, unexpired accounts 114
4170 Outlays, net (mandatory) 365 508 456
4180 Budget authority, net (total)
4190 Outlays, net (total) 365 508 456

Memorandum (non-add) entries:
5103 Unexpired unavailable balance, SOY: Fulfilled purpose 13,069 13,183 12,509
5104 Unexpired unavailable balance, EOY: Fulfilled purpose 13,183 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 2021 actual 2022 est. 2023 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 2021 actual 2022 est. 2023 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:
3000 Unpaid obligations, brought forward, Oct 1 1
3010 New obligations, unexpired accounts 1 1
3020 Outlays (gross) –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:
Financing disbursements:
4110 Outlays, gross (total) 1
4180 Budget authority, net (total)
4190 Outlays, net (total) 1

Status of Guaranteed Loans (in millions of dollars)


Identification code 020–4329–0–3–371 2021 actual 2022 est. 2023 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 135 111 111
2251 Repayments and prepayments –23
2263 Adjustments: Terminations for default that result in claim payments –1



2290 Outstanding, end of year 111 111 111

Memorandum:
2299 Guaranteed amount of guaranteed loans outstanding, end of year 55 45 45

Balance Sheet (in millions of dollars)


Identification code 020–4329–0–3–371 2020 actual 2021 actual

ASSETS:
1101 Federal assets: Fund balances with Treasury 3 1


1999 Total assets 3 1
LIABILITIES:
Federal liabilities:
2104 Resources payable to Treasury 2
2105 Other 1
2204 Non-Federal liabilities: Liabilities for loan guarantees 1


2999 Total liabilities 3 1
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 3 1

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), $9,000,000.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–0133–0–1–376 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Special Inspector General for the Troubled Asset Relief Program (Direct) 21 19 17

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 15 13 13
Budget authority:
Appropriations, discretionary:
1100 Appropriation 19 19 9
1900 Budget authority (total) 19 19 9
1930 Total budgetary resources available 34 32 22
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 13 13 5

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 4 4 3
3010 New obligations, unexpired accounts 21 19 17
3011 Obligations ("upward adjustments"), expired accounts 1
3020 Outlays (gross) –21 –20 –19
3041 Recoveries of prior year unpaid obligations, expired –1



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

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 19 19 9
Outlays, gross:
4010 Outlays from new discretionary authority 18 15 7
4011 Outlays from discretionary balances 1 5 12



4020 Outlays, gross (total) 19 20 19
Mandatory:
Outlays, gross:
4101 Outlays from mandatory balances 2
4180 Budget authority, net (total) 19 19 9
4190 Outlays, net (total) 21 20 19

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 2023 Budget requests $9 million, a reduction of 47 percent from the FY 2022 level of $17 million.

Object Classification (in millions of dollars)


Identification code 020–0133–0–1–376 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 8 8 4
11.3 Other than full-time permanent 3 3 2
11.5 Other personnel compensation 1 2 1



11.9 Total personnel compensation 12 13 7
12.1 Civilian personnel benefits 3 2 2
23.1 Rental payments to GSA 1 1 1
25.3 Other goods and services from Federal sources 6 3 7



99.0 Direct obligations 22 19 17
99.5 Adjustment for rounding –1



99.9 Total new obligations, unexpired accounts 21 19 17

Employment Summary


Identification code 020–0133–0–1–376 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 70 68 45

Small Business Lending Fund Program Account

Program and Financing (in millions of dollars)


Identification code 020–0141–0–1–376 2021 actual 2022 est. 2023 est.

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



0900 Total new obligations, unexpired accounts 2 2 2

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

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 8 9 6
3010 New obligations, unexpired accounts 2 2 2
3020 Outlays (gross) –1 –5 –4



3050 Unpaid obligations, end of year 9 6 4
Memorandum (non-add) entries:
3100 Obligated balance, start of year 8 9 6
3200 Obligated balance, end of year 9 6 4

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



4110 Outlays, gross (total) 1 5 4
4180 Budget authority, net (total) 2 2 2
4190 Outlays, net (total) 1 5 4

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


Identification code 020–0141–0–1–376 2021 actual 2022 est. 2023 est.

Direct loan reestimates:
135001 Small Business Lending Fund Investments –1 –5

Administrative expense data:
3510 Budget authority 2 2 2
3580 Outlays from balances 3 2
3590 Outlays from new authority 1 2 2

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 December 1, 2021, 327 institutions with aggregate investments of $3.95 billion have fully redeemed their SBLF investments and exited the program. For institutions that still participate in the program, CDLF securities matured by 2021. As of September 30, 2021, only one CDLF security remained outstanding, to a CDLF in bankruptcy. Community bank participants were generally expected to end their participation in 2021, although because Treasury holds perpetual preferred shares in these banks, they are not required to redeem. As of September 30, 2021, two operating bank participants remained in the program and have yet to decide when to purchase their outstanding perpetual preferred shares from Treasury. A third participant that has remained outstanding is in bankruptcy.

Object Classification (in millions of dollars)


Identification code 020–0141–0–1–376 2021 actual 2022 est. 2023 est.

25.3 Direct obligations: Other goods and services from Federal sources 1 1 1



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



99.9 Total new obligations, unexpired accounts 2 2 2

Employment Summary


Identification code 020–0141–0–1–376 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 2 2 2

Small Business Lending Fund Financing Account

Program and Financing (in millions of dollars)


Identification code 020–4349–0–3–376 2021 actual 2022 est. 2023 est.

Obligations by program activity:
Credit program obligations:
0713 Payment of interest to Treasury 1 1
0742 Downward reestimates paid to receipt accounts 1 4
0743 Interest on downward reestimates 1



0900 Total new obligations, unexpired accounts 2 6

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 2 2 3
1023 Unobligated balances applied to repay debt –2 –2



1070 Unobligated balance (total) 3
Financing authority:
Borrowing authority, mandatory:
1400 Borrowing authority 1 1
Spending authority from offsetting collections, mandatory:
1800 Collected 15 8 6
1825 Spending authority from offsetting collections applied to repay debt –12



1850 Spending auth from offsetting collections, mand (total) 3 8 6
1900 Budget authority (total) 4 9 6
1930 Total budgetary resources available 4 9 9
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 2 3 9

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 6
3010 New obligations, unexpired accounts 2 6
3020 Outlays (gross) –2



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

Financing authority and disbursements, net:
Mandatory:
4090 Budget authority, gross 4 9 6
Financing disbursements:
4110 Outlays, gross (total) 2
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4123 Non-Federal sources - Principal –11 –5 –4
4123 Non-Federal sources - Dividends –4 –3 –2



4130 Offsets against gross budget authority and outlays (total) –15 –8 –6



4160 Budget authority, net (mandatory) –11 1
4170 Outlays, net (mandatory) –13 –8 –6
4180 Budget authority, net (total) –11 1
4190 Outlays, net (total) –13 –8 –6

Status of Direct Loans (in millions of dollars)


Identification code 020–4349–0–3–376 2021 actual 2022 est. 2023 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year 81 70 65
1251 Repayments: Repayments and prepayments –11 –5 –4



1290 Outstanding, end of year 70 65 61

Balance Sheet (in millions of dollars)


Identification code 020–4349–0–3–376 2020 actual 2021 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury 2 3
Investments in U.S. securities:
1106 Receivables, net
Net value of assets related to post-1991 direct loans receivable:
1401 Direct loans receivable, gross 81 70
1405 Allowance for subsidy cost (-) –36 –39


1499 Net present value of assets related to direct loans 45 31


1999 Total assets 47 34
LIABILITIES:
2103 Federal liabilities: Debt 47 34
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 47 34

Social Impact Demonstration Projects

Program and Financing (in millions of dollars)


Identification code 020–0146–0–1–506 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Administrative Costs 1 2 2
0002 Social Impact Demonstration Projects 8 39 37



0900 Total new obligations, unexpired accounts 9 41 39

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 97 88 47
1930 Total budgetary resources available 97 88 47
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 88 47 8

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 8 41
3010 New obligations, unexpired accounts 9 41 39
3020 Outlays (gross) –1 –8 –13



3050 Unpaid obligations, end of year 8 41 67
Memorandum (non-add) entries:
3100 Obligated balance, start of year 8 41
3200 Obligated balance, end of year 8 41 67

Budget authority and outlays, net:
Mandatory:
Outlays, gross:
4101 Outlays from mandatory balances 1 8 13
4180 Budget authority, net (total)
4190 Outlays, net (total) 1 8 13

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 2021 actual 2022 est. 2023 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 1 1
25.1 Advisory and assistance services 1 11
41.0 Grants, subsidies, and contributions 8 39 27



99.0 Direct obligations 8 41 39
99.5 Adjustment for rounding 1



99.9 Total new obligations, unexpired accounts 9 41 39

Employment Summary


Identification code 020–0146–0–1–506 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 1 5 5

GSE Preferred Stock Purchase Agreements

Program and Financing (in millions of dollars)


Identification code 020–0125–0–1–371 2021 actual 2022 est. 2023 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 2021 actual 2022 est. 2023 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 2021 actual 2022 est. 2023 est.

Direct loan reestimates:
135002 New Issue Bond Program SF –122 –90
135003 New Issue Bond Program MF –51 –50



135999 Total direct loan reestimates –173 –140

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
Credit program obligations:
0713 Payment of interest to Treasury 79 61 61
0742 Downward reestimates paid to receipt accounts 114 88
0743 Interest on downward reestimates 59 52



0900 Total new obligations, unexpired accounts 252 201 61

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 137 54
1023 Unobligated balances applied to repay debt –137



1070 Unobligated balance (total) 54
Financing authority:
Borrowing authority, mandatory:
1400 Borrowing authority 173 147 57
Spending authority from offsetting collections, mandatory:
1800 Collected 1,196 85 83
1825 Spending authority from offsetting collections applied to repay debt –1,063 –85 –21



1850 Spending auth from offsetting collections, mand (total) 133 62
1900 Budget authority (total) 306 147 119
1930 Total budgetary resources available 306 201 119
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 54 58

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 51
3010 New obligations, unexpired accounts 252 201 61
3020 Outlays (gross) –252 –150 –61



3050 Unpaid obligations, end of year 51 51
Memorandum (non-add) entries:
3100 Obligated balance, start of year 51
3200 Obligated balance, end of year 51 51

Financing authority and disbursements, net:
Mandatory:
4090 Budget authority, gross 306 147 119
Financing disbursements:
4110 Outlays, gross (total) 252 150 61
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4122 Interest on uninvested funds –12 –4 –4
4123 Non-Federal sources - Interest –61 –45 –44
4123 Non-Federal sources - Principal –1,123 –36 –35



4130 Offsets against gross budget authority and outlays (total) –1,196 –85 –83



4160 Budget authority, net (mandatory) –890 62 36
4170 Outlays, net (mandatory) –944 65 –22
4180 Budget authority, net (total) –890 62 36
4190 Outlays, net (total) –944 65 –22

Status of Direct Loans (in millions of dollars)


Identification code 020–4298–0–3–371 2021 actual 2022 est. 2023 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year 2,789 1,667 1,630
1251 Repayments: Repayments and prepayments –1,122 –37 –35



1290 Outstanding, end of year 1,667 1,630 1,595

Balance Sheet (in millions of dollars)


Identification code 020–4298–0–3–371 2020 actual 2021 actual

ASSETS:
1101 Federal assets: Fund balances with Treasury 137 54
Net value of assets related to post-1991 direct loans receivable:
1401 Direct loans receivable, gross 2,789 1,667
1405 Allowance for subsidy cost (-) –396 –249


1499 Net present value of assets related to direct loans 2,393 1,418


1999 Total assets 2,530 1,472
LIABILITIES:
Federal liabilities:
2103 Debt 2,357 1,331
2105 Other 173 141


2999 Total liabilities 2,530 1,472
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 2,530 1,472

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 2021 actual 2022 est. 2023 est.

0100 Balance, start of year 10 22 21
Receipts:
Current law:
1130 Affordable Housing Allocation, Capital Magnet Fund 383 367 212



2000 Total: Balances and receipts 393 389 233
Appropriations:
Current law:
2101 Capital Magnet Fund, Community Development Financial Institutions –383 –367 –212
2103 Capital Magnet Fund, Community Development Financial Institutions –10 –22 –21
2132 Capital Magnet Fund, Community Development Financial Institutions 22 21 12



2199 Total current law appropriations –371 –368 –221



2999 Total appropriations –371 –368 –221



5099 Balance, end of year 22 21 12

Program and Financing (in millions of dollars)


Identification code 020–8524–0–7–451 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 CDFI Allocations 175 380 364
0002 CMF Administration 2 3 3



0900 Total new obligations, unexpired accounts 177 383 367

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 173 367 352
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 383 367 212
1203 Appropriation (previously unavailable)(special or trust) 10 22 21
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –22 –21 –12



1260 Appropriations, mandatory (total) 371 368 221
1930 Total budgetary resources available 544 735 573
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 367 352 206

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 8 13 74
3010 New obligations, unexpired accounts 177 383 367
3020 Outlays (gross) –172 –322 –353



3050 Unpaid obligations, end of year 13 74 88
Memorandum (non-add) entries:
3100 Obligated balance, start of year 8 13 74
3200 Obligated balance, end of year 13 74 88

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 371 368 221
Outlays, gross:
4100 Outlays from new mandatory authority 167
4101 Outlays from mandatory balances 5 322 353



4110 Outlays, gross (total) 172 322 353
4180 Budget authority, net (total) 371 368 221
4190 Outlays, net (total) 172 322 353

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 2021 actual 2022 est. 2023 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 1 1 2
31.0 Equipment 1 2 1
41.0 Grants, subsidies, and contributions 175 380 364



99.9 Total new obligations, unexpired accounts 177 383 367

Employment Summary


Identification code 020–8524–0–7–451 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 4 6 9

Gifts and Bequests

Program and Financing (in millions of dollars)


Identification code 020–8790–0–7–803 2021 actual 2022 est. 2023 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 1
5001 Total investments, EOY: Federal securities: Par value 1 1 1

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

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, $210,330,000, of which not to exceed $94,600,000 shall remain available until September 30, 2025 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).

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–0173–0–1–751 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 BSA administration and Analysis 143 167 216
0801 Reimbursable program activity 2 4 4



0900 Total new obligations, unexpired accounts 145 171 220

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 29 20 3
Budget authority:
Appropriations, discretionary:
1100 Appropriation 127 127 210
Spending authority from offsetting collections, discretionary:
1700 Collected 1 27 10
1701 Change in uncollected payments, Federal sources 8



1750 Spending auth from offsetting collections, disc (total) 9 27 10
1900 Budget authority (total) 136 154 220
1930 Total budgetary resources available 165 174 223
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 20 3 3

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 58 62 81
3010 New obligations, unexpired accounts 145 171 220
3020 Outlays (gross) –138 –152 –143
3041 Recoveries of prior year unpaid obligations, expired –3



3050 Unpaid obligations, end of year 62 81 158
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –1 –8 –8
3070 Change in uncollected pymts, Fed sources, unexpired –8
3071 Change in uncollected pymts, Fed sources, expired 1



3090 Uncollected pymts, Fed sources, end of year –8 –8 –8
Memorandum (non-add) entries:
3100 Obligated balance, start of year 57 54 73
3200 Obligated balance, end of year 54 73 150

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 136 154 220
Outlays, gross:
4010 Outlays from new discretionary authority 78 104 101
4011 Outlays from discretionary balances 60 48 42



4020 Outlays, gross (total) 138 152 143
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –2 –27 –10
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –8
4052 Offsetting collections credited to expired accounts 1



4060 Additional offsets against budget authority only (total) –7



4070 Budget authority, net (discretionary) 127 127 210
4080 Outlays, net (discretionary) 136 125 133
4180 Budget authority, net (total) 127 127 210
4190 Outlays, net (total) 136 125 133

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 beneficial ownership and 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 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 37 41 66
11.5 Other personnel compensation 1 1 1



11.9 Total personnel compensation 38 42 67
12.1 Civilian personnel benefits 12 14 22
21.0 Travel and transportation of persons 1 1
23.1 Rental payments to GSA 5 4 4
23.2 Rental payments to others 1
23.3 Communications, utilities, and miscellaneous charges 3 3 3
25.1 Advisory and assistance services 2 4 8
25.2 Other services from non-Federal sources 54 74 68
25.3 Other goods and services from Federal sources 12 14 21
25.7 Operation and maintenance of equipment 8 9 9
26.0 Supplies and materials 2
31.0 Equipment 8 4 10



99.0 Direct obligations 143 168 216
99.0 Reimbursable obligations 2 4 4
99.5 Adjustment for rounding –1



99.9 Total new obligations, unexpired accounts 145 171 220

Employment Summary


Identification code 020–0173–0–1–751 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 269 285 420
2001 Reimbursable civilian full-time equivalent employment 2 3 3

Fiscal Service

Federal Funds

SALARIES AND EXPENSES

For necessary expenses of operations of the Bureau of the Fiscal Service, $372,485,000; of which not to exceed $8,000,000, to remain available until September 30, 2025, 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.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–0520–0–1–803 2021 actual 2022 est. 2023 est.

0100 Balance, start of year 3
0198 Reconciliation adjustment –3



0199 Balance, start of year



2000 Total: Balances and receipts



5099 Balance, end of year

Program and Financing (in millions of dollars)


Identification code 020–0520–0–1–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Collections 41 44 48
0005 Accounting and Reporting 97 97 98
0006 Payments 145 144 132
0007 Retail Securities Services 62 66 68
0009 Wholesale Securities Services 24 25 26
0010 Matured Unreedeemed Debt 5 26 19



0799 Total direct obligations 374 402 391
0801 Salaries and Expenses (Reimbursable) 225 209 185



0900 Total new obligations, unexpired accounts 599 611 576

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 121 74 43
1001 Discretionary unobligated balance brought fwd, Oct 1 121
1010 Unobligated balance transfer to other accts [020–5445] –49
1012 Unobligated balance transfers between expired and unexpired accounts 1
1021 Recoveries of prior year unpaid obligations 1
1033 Recoveries of prior year paid obligations 3



1070 Unobligated balance (total) 77 74 43
Budget authority:
Appropriations, discretionary:
1100 Appropriation 371 371 372
Appropriations, mandatory:
1200 Appropriation-American Rescue Plan 23
Spending authority from offsetting collections, discretionary:
1700 Collected 228 209 185
1701 Change in uncollected payments, Federal sources –25



1750 Spending auth from offsetting collections, disc (total) 203 209 185
1900 Budget authority (total) 597 580 557
1930 Total budgetary resources available 674 654 600
Memorandum (non-add) entries:
1940 Unobligated balance expiring –1
1941 Unexpired unobligated balance, end of year 74 43 24

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 65 69 83
3010 New obligations, unexpired accounts 599 611 576
3011 Obligations ("upward adjustments"), expired accounts 3
3020 Outlays (gross) –592 –597 –569
3040 Recoveries of prior year unpaid obligations, unexpired –1
3041 Recoveries of prior year unpaid obligations, expired –5



3050 Unpaid obligations, end of year 69 83 90
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –43 –10 –10
3070 Change in uncollected pymts, Fed sources, unexpired 25
3071 Change in uncollected pymts, Fed sources, expired 8



3090 Uncollected pymts, Fed sources, end of year –10 –10 –10
Memorandum (non-add) entries:
3100 Obligated balance, start of year 22 59 73
3200 Obligated balance, end of year 59 73 80

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 574 580 557
Outlays, gross:
4010 Outlays from new discretionary authority 520 519 495
4011 Outlays from discretionary balances 69 74 74



4020 Outlays, gross (total) 589 593 569
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –239 –209 –185



4040 Offsets against gross budget authority and outlays (total) –239 –209 –185
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired 25
4052 Offsetting collections credited to expired accounts 8
4053 Recoveries of prior year paid obligations, unexpired accounts 3



4060 Additional offsets against budget authority only (total) 36



4070 Budget authority, net (discretionary) 371 371 372
4080 Outlays, net (discretionary) 350 384 384
Mandatory:
4090 Budget authority, gross 23
Outlays, gross:
4100 Outlays from new mandatory authority 2
4101 Outlays from mandatory balances 1 4



4110 Outlays, gross (total) 3 4
4180 Budget authority, net (total) 394 371 372
4190 Outlays, net (total) 353 388 384

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 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 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 157 158 165
11.5 Other personnel compensation 7 5 5



11.9 Total personnel compensation 164 163 170
12.1 Civilian personnel benefits 60 64 67
21.0 Travel and transportation of persons 1 1
23.1 Rental payments to GSA 21 22 24
23.3 Communications, utilities, and miscellaneous charges 9 11 12
25.1 Advisory and assistance services 25 14 14
25.2 Other services from non-Federal sources 23 44 35
25.3 Other goods and services from Federal sources 48 65 61
25.4 Operation and maintenance of facilities 2 2 2
25.7 Operation and maintenance of equipment 4 3 3
26.0 Supplies and materials 7 11 2
31.0 Equipment 10 2
32.0 Land and structures 1



99.0 Direct obligations 374 402 391
99.0 Reimbursable obligations 225 209 185



99.9 Total new obligations, unexpired accounts 599 611 576

Employment Summary


Identification code 020–0520–0–1–803 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 1,590 1,559 1,561
2001 Reimbursable civilian full-time equivalent employment 15 9 9

Debt Collection Fund

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5445–0–2–803 2021 actual 2022 est. 2023 est.

0100 Balance, start of year 1 1
0198 Reconciliation adjustment 2



0199 Balance, start of year 2 1 1
Receipts:
Current law:
1130 Non Federal Fee, Debt Collection Fund 121 153 163
1140 Federal Fee, Debt Collection Fund 27 34 36



1199 Total current law receipts 148 187 199
Proposed:
1230 Non Federal Fee, Debt Collection Fund 22



1999 Total receipts 148 187 221



2000 Total: Balances and receipts 150 188 222
Appropriations:
Current law:
2101 Debt Collection Fund –148 –187 –199
2103 Debt Collection Fund –2 –1 –1
2132 Debt Collection Fund 1 1 1



2199 Total current law appropriations –149 –187 –199
Proposed:
2201 Debt Collection Fund –22



2999 Total appropriations –149 –187 –221



5099 Balance, end of year 1 1 1

Program and Financing (in millions of dollars)


Identification code 020–5445–0–2–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Direct program activity 166 187 199

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 101 146 146
1011 Unobligated balance transfer from other acct [020–0520] 49
1012 Unobligated balance transfers between expired and unexpired accounts 10
1021 Recoveries of prior year unpaid obligations 3



1070 Unobligated balance (total) 163 146 146
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 148 187 199
1203 Appropriation (previously unavailable)(special or trust) 2 1 1
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –1 –1 –1



1260 Appropriations, mandatory (total) 149 187 199
1930 Total budgetary resources available 312 333 345
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 146 146 146
Special and non-revolving trust funds:
1952 Expired unobligated balance, start of year 10

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 18 11 11
3010 New obligations, unexpired accounts 166 187 199
3020 Outlays (gross) –170 –187 –192
3040 Recoveries of prior year unpaid obligations, unexpired –3



3050 Unpaid obligations, end of year 11 11 18
Memorandum (non-add) entries:
3100 Obligated balance, start of year 18 11 11
3200 Obligated balance, end of year 11 11 18

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 149 187 199
Outlays, gross:
4100 Outlays from new mandatory authority 68 73
4101 Outlays from mandatory balances 170 119 119



4110 Outlays, gross (total) 170 187 192
4180 Budget authority, net (total) 149 187 199
4190 Outlays, net (total) 170 187 192

Summary of Budget Authority and Outlays (in millions of dollars)


2021 actual 2022 est. 2023 est.

Enacted/requested:
Budget Authority 149 187 199
Outlays 170 187 192
Legislative proposal, subject to PAYGO:
Budget Authority 22
Outlays 22
Total:
Budget Authority 149 187 221
Outlays 170 187 214

The Debt Collection Fund was authorized in the Debt Collection Improvement Act of 1996 to hold debt collection fee revenue available to cover costs associated with the implementation and operation for such activities, including centralized debt collections services Government-wide, managing the Government's delinquent debt portfolio, and collecting delinquent debts owed to the United States. Delinquent debts are collected in several ways, including offsetting Federal payments, sending demand letters to debtors, entering into payment agreements, withholding wages administratively, referring debts to the Department of Justice for action, reporting credit to bureaus, and contracting for services of private collection agencies.

Object Classification (in millions of dollars)


Identification code 020–5445–0–2–803 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 33 32 36
11.5 Other personnel compensation 1 1 1



11.9 Total personnel compensation 34 33 37
12.1 Civilian personnel benefits 13 12 13
21.0 Travel and transportation of persons 1
23.1 Rental payments to GSA 4 4 4
23.3 Communications, utilities, and miscellaneous charges 2 4 5
25.1 Advisory and assistance services 29 38 44
25.2 Other services from non-Federal sources 3 3 3
25.3 Other goods and services from Federal sources 79 92 91
25.7 Operation and maintenance of equipment 1 1 1
31.0 Equipment 1



99.9 Total new obligations, unexpired accounts 166 187 199

Employment Summary


Identification code 020–5445–0–2–803 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 332 307 335

Debt Collection Fund

(Legislative proposal, subject to PAYGO)

Program and Financing (in millions of dollars)


Identification code 020–5445–4–2–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Direct program activity 22



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

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 22
1930 Total budgetary resources available 22

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

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

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

Reimbursements to Federal Reserve Banks

Program and Financing (in millions of dollars)


Identification code 020–0562–0–1–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Reimbursements to Federal Reserve Banks (Direct) 158 183 188



0900 Total new obligations, unexpired accounts (object class 25.2) 158 183 188

Budgetary resources:
Unobligated balance:
1021 Recoveries of prior year unpaid obligations 1
Budget authority:
Appropriations, mandatory:
1200 Appropriation 157 183 188
1930 Total budgetary resources available 158 183 188

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 41 46 47
3010 New obligations, unexpired accounts 158 183 188
3020 Outlays (gross) –152 –182 –187
3040 Recoveries of prior year unpaid obligations, unexpired –1



3050 Unpaid obligations, end of year 46 47 48
Memorandum (non-add) entries:
3100 Obligated balance, start of year 41 46 47
3200 Obligated balance, end of year 46 47 48

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 157 183 188
Outlays, gross:
4100 Outlays from new mandatory authority 111 137 141
4101 Outlays from mandatory balances 41 45 46



4110 Outlays, gross (total) 152 182 187
4180 Budget authority, net (total) 157 183 188
4190 Outlays, net (total) 152 182 187

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payment to the Resolution Funding Corporation (Direct) 1,367 920 920



0900 Total new obligations, unexpired accounts (object class 41.0) 1,367 920 920

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 1,367 920 920
1930 Total budgetary resources available 1,367 920 920

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 1,367 920 920
3020 Outlays (gross) –1,367 –920 –920

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 1,367 920 920
Outlays, gross:
4100 Outlays from new mandatory authority 1,367 920 920
4180 Budget authority, net (total) 1,367 920 920
4190 Outlays, net (total) 1,367 920 920

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. Bonds issued had a 30 year maturity with the last bond maturing in 2030.

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 contributions by the Federal Home Loan Banks. Indefinite, mandatory funds appropriated to the Treasury are primarily used to meet any shortfall.

Hope Reserve Fund

Program and Financing (in millions of dollars)


Identification code 020–5581–0–2–371 2021 actual 2022 est. 2023 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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Federal Reserve Bank services 681 665 685



0900 Total new obligations, unexpired accounts (object class 25.2) 681 665 685

Budgetary resources:
Unobligated balance:
1021 Recoveries of prior year unpaid obligations 61
Budget authority:
Appropriations, mandatory:
1200 Appropriation 620 665 685
1930 Total budgetary resources available 681 665 685

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 161 185 171
3010 New obligations, unexpired accounts 681 665 685
3020 Outlays (gross) –596 –679 –685
3040 Recoveries of prior year unpaid obligations, unexpired –61



3050 Unpaid obligations, end of year 185 171 171
Memorandum (non-add) entries:
3100 Obligated balance, start of year 161 185 171
3200 Obligated balance, end of year 185 171 171

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 620 665 685
Outlays, gross:
4100 Outlays from new mandatory authority 435 499 514
4101 Outlays from mandatory balances 161 180 171



4110 Outlays, gross (total) 596 679 685
4180 Budget authority, net (total) 620 665 685
4190 Outlays, net (total) 596 679 685

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 2021 actual 2022 est. 2023 est.

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



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

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



3050 Unpaid obligations, end of year 1 2
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1
3200 Obligated balance, end of year 1 2

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

This account was created as self-insurance to cover losses in shipment of Government property such as coins, currency, securities, certain losses incurred by the Postal Service, and losses in connection with the redemption of savings bonds. Approximately 1,000 claims are paid annually.

Financial Agent Services

Program and Financing (in millions of dollars)


Identification code 020–1802–0–1–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Financial agent services 940 1,015 1,011



0900 Total new obligations, unexpired accounts (object class 25.2) 940 1,015 1,011

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 15
1021 Recoveries of prior year unpaid obligations 31 15



1070 Unobligated balance (total) 31 15 15
Budget authority:
Appropriations, mandatory:
1200 Appropriation 910 1,016 1,012
1220 Appropriations transferred to other accts [020–0126] –1 –1 –1



1260 Appropriations, mandatory (total) 909 1,015 1,011
1930 Total budgetary resources available 940 1,030 1,026
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 15 15

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 103 81 76
3010 New obligations, unexpired accounts 940 1,015 1,011
3020 Outlays (gross) –931 –1,005 –1,011
3040 Recoveries of prior year unpaid obligations, unexpired –31 –15



3050 Unpaid obligations, end of year 81 76 76
Memorandum (non-add) entries:
3100 Obligated balance, start of year 103 81 76
3200 Obligated balance, end of year 81 76 76

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 909 1,015 1,011
Outlays, gross:
4100 Outlays from new mandatory authority 828 924 920
4101 Outlays from mandatory balances 103 81 91



4110 Outlays, gross (total) 931 1,005 1,011
4180 Budget authority, net (total) 909 1,015 1,011
4190 Outlays, net (total) 931 1,005 1,011

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Interest of uninvested funds 2 9 9



0900 Total new obligations, unexpired accounts (object class 43.0) 2 9 9

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 2 9 9
1930 Total budgetary resources available 2 9 9

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 98 93 62
3010 New obligations, unexpired accounts 2 9 9
3020 Outlays (gross) –7 –40 –40



3050 Unpaid obligations, end of year 93 62 31
Memorandum (non-add) entries:
3100 Obligated balance, start of year 98 93 62
3200 Obligated balance, end of year 93 62 31

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 2 9 9
Outlays, gross:
4100 Outlays from new mandatory authority 9 9
4101 Outlays from mandatory balances 7 31 31



4110 Outlays, gross (total) 7 40 40
4180 Budget authority, net (total) 2 9 9
4190 Outlays, net (total) 7 40 40

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 2021 actual 2022 est. 2023 est.

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



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

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 1 1
Spending authority from offsetting collections, mandatory:
1800 Collected 1
1900 Budget authority (total) 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
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120 Federal sources: –1
4180 Budget authority, net (total) 1 1
4190 Outlays, net (total) 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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Interest paid to credit financing accounts 12,762 10,813 13,320



0900 Total new obligations, unexpired accounts (object class 43.0) 12,762 10,813 13,320

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 12,762 10,813 13,320
1930 Total budgetary resources available 12,762 10,813 13,320

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 12,762 10,813 13,320
3020 Outlays (gross) –12,762 –10,813 –13,320

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 12,762 10,813 13,320
Outlays, gross:
4100 Outlays from new mandatory authority 12,762 10,813 13,320
4180 Budget authority, net (total) 12,762 10,813 13,320
4190 Outlays, net (total) 12,762 10,813 13,320

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Claims for damages 2 13 2
0003 Claims for contract disputes 223 240 240



0091 Total claims adjudicated administratively 225 253 242
0101 Judgments, Court of Claims 7,435 1,000 1,300
0102 Judgments, U.S. courts 820 1,205 1,205



0191 Total court judgments 8,255 2,205 2,505



0900 Total new obligations, unexpired accounts (object class 42.0) 8,480 2,458 2,747

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 8,480 2,458 2,747
1930 Total budgetary resources available 8,480 2,458 2,747

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 25 315
3010 New obligations, unexpired accounts 8,480 2,458 2,747
3020 Outlays (gross) –8,190 –2,773 –2,747



3050 Unpaid obligations, end of year 315
Memorandum (non-add) entries:
3100 Obligated balance, start of year 25 315
3200 Obligated balance, end of year 315

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 8,480 2,458 2,747
Outlays, gross:
4100 Outlays from new mandatory authority 8,165 2,458 2,747
4101 Outlays from mandatory balances 25 315



4110 Outlays, gross (total) 8,190 2,773 2,747
4180 Budget authority, net (total) 8,480 2,458 2,747
4190 Outlays, net (total) 8,190 2,773 2,747

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Restitution of Forgone Interest (Direct) 1,135



0900 Total new obligations, unexpired accounts (object class 43.0) 1,135

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 1,135
1930 Total budgetary resources available 1,135

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 1,135
3020 Outlays (gross) –1,135

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 1,135
Outlays, gross:
4100 Outlays from new mandatory authority 1,135
4180 Budget authority, net (total) 1,135
4190 Outlays, net (total) 1,135

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

Program and Financing (in millions of dollars)


Identification code 020–5680–0–2–806 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Direct program activity 7 2 2



0900 Total new obligations, unexpired accounts (object class 42.0) 7 2 2

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 15 10 8
1020 Adjustment of unobligated bal brought forward, Oct 1 2



1070 Unobligated balance (total) 17 10 8
1930 Total budgetary resources available 17 10 8
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 10 8 6

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 3 3
3010 New obligations, unexpired accounts 7 2 2
3020 Outlays (gross) –4 –2 –2



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

Budget authority and outlays, net:
Mandatory:
Outlays, gross:
4101 Outlays from mandatory balances 4 2 2
4180 Budget authority, net (total)
4190 Outlays, net (total) 4 2 2

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 2021 actual 2022 est. 2023 est.

0100 Balance, start of year 3
Receipts:
Current law:
1110 Antidumping and Countervailing Duties, Continued Dumping and Subsidy Offset 1 10 9



2000 Total: Balances and receipts 4 10 9
Appropriations:
Current law:
2101 Continued Dumping and Subsidy Offset –1 –10 –9
2103 Continued Dumping and Subsidy Offset –3 –1 –1
2132 Continued Dumping and Subsidy Offset 1 1



2199 Total current law appropriations –4 –10 –9



2999 Total appropriations –4 –10 –9



5099 Balance, end of year

Program and Financing (in millions of dollars)


Identification code 020–5688–0–2–376 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Continued dumping and subsidy offset 58 1 10



0900 Total new obligations, unexpired accounts (object class 41.0) 58 1 10

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 158 104 113
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 1 10 9
1203 Appropriation (previously unavailable)(special or trust) 3 1 1
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –1 –1



1260 Appropriations, mandatory (total) 4 10 9
1930 Total budgetary resources available 162 114 122
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 104 113 112

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 58 1 10
3020 Outlays (gross) –58 –1 –10

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 4 10 9
Outlays, gross:
4101 Outlays from mandatory balances 58 1 10
4180 Budget authority, net (total) 4 10 9
4190 Outlays, net (total) 58 1 10

U.S. Customs and Border Protection, Department of Homeland Security, collects duties assessed pursuant to a countervailing duty order, an antidumping duty order, or a finding under the Antidumping Act of 1921. Under a provision enacted in 2000 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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0801 Check Forgery Insurance Fund (Reimbursable) 22 1 1



0900 Total new obligations, unexpired accounts (object class 42.0) 22 1 1

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 5 4 4
Budget authority:
Spending authority from offsetting collections, mandatory:
1800 Collected 21 1 1
1900 Budget authority (total) 21 1 1
1930 Total budgetary resources available 26 5 5
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 4 4 4

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 22 1 1
3020 Outlays (gross) –22 –1 –1

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 21 1 1
Outlays, gross:
4100 Outlays from new mandatory authority 17 1 1
4101 Outlays from mandatory balances 5



4110 Outlays, gross (total) 22 1 1
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123 Non-Federal sources –21 –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 2021 actual 2022 est. 2023 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 2021 actual 2022 est. 2023 est.

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



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

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

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



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

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

The Water Resources Development Act of 1999 (P.L. 106–53) established trust funds to provide resources for the restoration of terrestrial wildlife habitat lost from flooding related to the Big Bend and Oahe Dam projects along the Missouri River, as part of the Flood Control Act of 1944.

The funds received annual General Fund appropriations beginning in FY 1999 until they became fully capitalized in FY 2010. Once fully capitalized, the interest earnings accumulated from the inception of the funds and all future earnings are available to pay for terrestrial wildlife restoration projects per the Restoration Plans of the beneficiaries of the trusts, the Cheyenne River Sioux Tribe Terrestrial Wildlife Restoration Trust Fund and the Lower Brule Sioux Tribe Terrestrial Wildlife Restoration Trust Fund.

Gulf Coast Restoration Trust Fund

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–8625–0–7–452 2021 actual 2022 est. 2023 est.

0100 Balance, start of year 20 17 29
Receipts:
Current law:
1110 Administrative and Civil Penalties, Gulf Coast Restoration Trust Fund 303 304 303
1140 Earnings on Investments, Gulf Coast Restoration Trust Fund 11 16 17



1199 Total current law receipts 314 320 320



1999 Total receipts 314 320 320



2000 Total: Balances and receipts 334 337 349
Appropriations:
Current law:
2101 Gulf Coast Restoration Trust Fund –315 –308 –309
2103 Gulf Coast Restoration Trust Fund –20 –18 –18
2132 Gulf Coast Restoration Trust Fund 18 18 18



2199 Total current law appropriations –317 –308 –309



2999 Total appropriations –317 –308 –309



5099 Balance, end of year 17 29 40

Program and Financing (in millions of dollars)


Identification code 020–8625–0–7–452 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Direct Component 40 66 65
0002 Comprehensive Plan Component 150 48 57
0003 Oil Spill Restoration Impact Component 127 49 75
0004 NOAA RESTORE Act Science Program 6 6 8
0005 Centers of Excellence Research Grants 3 3



0900 Total new obligations, unexpired accounts 323 172 208

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 1,080 1,075 1,218
1021 Recoveries of prior year unpaid obligations 1 7



1070 Unobligated balance (total) 1,081 1,082 1,218
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 315 308 309
1203 Appropriation (previously unavailable)(special or trust) 20 18 18
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –18 –18 –18



1260 Appropriations, mandatory (total) 317 308 309
1900 Budget authority (total) 317 308 309
1930 Total budgetary resources available 1,398 1,390 1,527
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 1,075 1,218 1,319

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 570 748 727
3010 New obligations, unexpired accounts 323 172 208
3020 Outlays (gross) –144 –186 –231
3040 Recoveries of prior year unpaid obligations, unexpired –1 –7



3050 Unpaid obligations, end of year 748 727 704
Memorandum (non-add) entries:
3100 Obligated balance, start of year 570 748 727
3200 Obligated balance, end of year 748 727 704

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 317 308 309
Outlays, gross:
4101 Outlays from mandatory balances 144 186 231
4180 Budget authority, net (total) 317 308 309
4190 Outlays, net (total) 144 186 231

Memorandum (non-add) entries:
5000 Total investments, SOY: Federal securities: Par value 1,681 1,843 1,965
5001 Total investments, EOY: Federal securities: Par value 1,843 1,965 2,043

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 2021 actual 2022 est. 2023 est.

Direct obligations:
41.0 Grants, subsidies, and contributions 46 68 68
94.0 Financial transfers 277 104 140



99.9 Total new obligations, unexpired accounts 323 172 208

Federal Financing Bank

Federal Funds

Federal Financing Bank

Program and Financing (in millions of dollars)


Identification code 020–4521–0–4–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0801 Administrative Expenses 10 12 13
0802 Interest on borrowings from Treasury 1,810 2,045 2,168
0803 Interest on borrowings from CRSDF 192 157 123



0900 Total new obligations, unexpired accounts 2,012 2,214 2,304

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 3,760 3,654 3,880
1023 Unobligated balances applied to repay debt –1,209 –1,208 –1,208
1046 Adjustment for change in net principal 911 1,088 515



1070 Unobligated balance (total) 3,462 3,534 3,187
Budget authority:
Spending authority from offsetting collections, mandatory:
1800 Collected 2,204 2,560 2,595
1930 Total budgetary resources available 5,666 6,094 5,782
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 3,654 3,880 3,478

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 2,012 2,214 2,304
3020 Outlays (gross) –2,012 –2,214 –2,304

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 2,204 2,560 2,595
Outlays, gross:
4100 Outlays from new mandatory authority 2,012 2,214 2,304
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120 Federal sources –2,204 –2,560 –2,595
4180 Budget authority, net (total)
4190 Outlays, net (total) –192 –346 –291

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. 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 and 3) the FFB may provide direct loans on behalf of a Federal agency by disbursing loans directly to private borrowers and receiving repayments from the private borrower guaranteed by 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 2021, FFB's net inflows were $59 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)


2021 actual 2022 est. 2023 est.

A. Department of Agriculture:
1. Rural Utilities Service:
Lending, net 2,089 4,525 5,134
Loans outstanding 48,742 53,267 58,401
B. Department of Education:
1. Historically black colleges and universities:
Lending, net –1,341 183 218
Loans outstanding 160 343 561
C. Department of Energy:
1. Title 17 innovative technology loans:
Lending, net 754 183 218
Loans outstanding 15,175 15,358 15,576
2. Advanced technology vehicles manufacturing loans:
Lending, net –591 –39 4,192
Loans outstanding 437 397 4,589
D. Department of Housing and Urban Development:
1. Multifamily Risk Share Program:
Lending, net 266 –97 –104
Loans outstanding 2,630 2,533 2,429
E. Department of Transportation:
1. MARAD Title XI:
Lending, net –14 ....... –14
Loans outstanding 312 312 298
F. Department of the Treasury:
1. CDFI Fund Bond Guarantee Program:
Lending, net 53 124 211
Loans outstanding 1,208 1,332 1,543
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 –1,000 .......
Loans outstanding 11,000 10,000 10,000
Total lending:
Lending, net –1,784 3,879 9,855
Loans outstanding 79,667 83,546 93,401

PRINCIPAL REPAYMENTS, END OF YEAR


2021 actual 2022 est. 2023 est.

Agency or Guaranteed Principal Received:
A. Department of Education:
1. Historically black colleges and universities 520 ....... .......
B. National Credit Union Administration:
1. Central liquidity facility ....... ....... .......
C. Department of Agriculture:
1. Rural Utilities Service 916 1,210 585
D. Postal Service:
1. Postal Service fund 3,000 1,000 .......
E. Department of Veterans Affairs:
1. Transitional housing for homeless veterans ....... ....... .......
Total Agency or Guaranteed Principal Received 4,436 2,210 585
Principal Repaid to the Fiscal Service:
A. Department of Education:
1. Historically black colleges and universities 376 ....... .......
B. National Credit Union Administration:
1. Central Liquidity Facility ....... ....... .......
C. Department of Agriculture:
1. Rural Utilities Service 149 122 71
D. Postal Service:
1. Postal Service fund 3,000 1,000 ......
E. Department of Veterans Affairs:
1. Transitional housing for homeless veterans ...... ...... ......
Total Agency or Guaranteed Principal Repaid 3,525 1,122 71
Agency or guaranteed principal received in excess of principal repaid to the Fiscal Service
A. Department of Education:
1. Historically black colleges and universities 144 ...... ......
B. National Credit Union Administration:
1. Central Liquidity Facility ...... ...... ......
C. Department of Agriculture:
1. Rural Utilities Service 767 1,088 515
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 911 1,088 515

Object Classification (in millions of dollars)


Identification code 020–4521–0–4–803 2021 actual 2022 est. 2023 est.

Reimbursable obligations:
25.2 Other services from non-Federal sources 10 12 13
43.0 Interest and dividends 2,002 2,202 2,291



99.9 Total new obligations, unexpired accounts 2,012 2,214 2,304

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, $150,863,000; of which $5,000,000 shall remain available until September 30, 2024; 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.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–1008–0–1–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Protect the Public 71 67 75
0002 Collect revenue 54 58 76



0192 Total direct program 125 125 151



0799 Total direct obligations 125 125 151
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 132 133 159

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 4 4 3
Budget authority:
Appropriations, discretionary:
1100 Appropriation 124 124 151
Spending authority from offsetting collections, discretionary:
1700 Collected 5 8 8
1701 Change in uncollected payments, Federal sources 3



1750 Spending auth from offsetting collections, disc (total) 8 8 8
1900 Budget authority (total) 132 132 159
1930 Total budgetary resources available 136 136 162
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 4 3 3

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 27 31 19
3010 New obligations, unexpired accounts 132 133 159
3011 Obligations ("upward adjustments"), expired accounts 2
3020 Outlays (gross) –128 –145 –153
3041 Recoveries of prior year unpaid obligations, expired –2



3050 Unpaid obligations, end of year 31 19 25
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –3 –3 –3
3070 Change in uncollected pymts, Fed sources, unexpired –3
3071 Change in uncollected pymts, Fed sources, expired 3



3090 Uncollected pymts, Fed sources, end of year –3 –3 –3
Memorandum (non-add) entries:
3100 Obligated balance, start of year 24 28 16
3200 Obligated balance, end of year 28 16 22

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 132 132 159
Outlays, gross:
4010 Outlays from new discretionary authority 99 110 132
4011 Outlays from discretionary balances 29 35 21



4020 Outlays, gross (total) 128 145 153
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –4 –4 –4
4033 Non-Federal sources –4 –4 –4



4040 Offsets against gross budget authority and outlays (total) –8 –8 –8
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –3
4052 Offsetting collections credited to expired accounts 3



4070 Budget authority, net (discretionary) 124 124 151
4080 Outlays, net (discretionary) 120 137 145
4180 Budget authority, net (total) 124 124 151
4190 Outlays, net (total) 120 137 145

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 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 53 56 64
11.5 Other personnel compensation 1 1 2



11.9 Total personnel compensation 54 57 66
12.1 Civilian personnel benefits 20 21 24
21.0 Travel and transportation of persons 2 2
23.1 Rental payments to GSA 4 4 5
23.3 Communications, utilities, and miscellaneous charges 1 1 1
25.1 Advisory and assistance services 9 9 20
25.2 Other services from non-Federal sources 14 15 17
25.3 Other goods and services from Federal sources 9 9 10
25.7 Operation and maintenance of equipment 3 3 3
31.0 Equipment 8 4 3



99.0 Direct obligations 122 125 151
99.0 Reimbursable obligations 6 8 8
99.5 Adjustment for rounding 4



99.9 Total new obligations, unexpired accounts 132 133 159

Employment Summary


Identification code 020–1008–0–1–803 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 487 508 548
2001 Reimbursable civilian full-time equivalent employment 14 12 12

Internal Revenue Collections for Puerto Rico

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5737–0–2–806 2021 actual 2022 est. 2023 est.

0100 Balance, start of year
Receipts:
Current law:
1110 Deposits, Internal Revenue Collections for Puerto Rico 520 524 451



2000 Total: Balances and receipts 520 524 451
Appropriations:
Current law:
2101 Internal Revenue Collections for Puerto Rico –520 –524 –451



5099 Balance, end of year

Program and Financing (in millions of dollars)


Identification code 020–5737–0–2–806 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Internal revenue collections for Puerto Rico 520 524 451



0900 Total new obligations, unexpired accounts (object class 41.0) 520 524 451

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 520 524 451
1930 Total budgetary resources available 520 524 451

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 520 524 451
3020 Outlays (gross) –520 –524 –451

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 520 524 451
Outlays, gross:
4100 Outlays from new mandatory authority 520 524 451
4180 Budget authority, net (total) 520 524 451
4190 Outlays, net (total) 520 524 451

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0801 Currency program 1,213 1,067 1,140
0803 Other programs 2 3 3
0804 DC Replacement Facility 34 12 897



0900 Total new obligations, unexpired accounts 1,249 1,082 2,040

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 748 603 1,919
1021 Recoveries of prior year unpaid obligations 6 6 4



1070 Unobligated balance (total) 754 609 1,923
Budget authority:
Spending authority from offsetting collections, discretionary:
1700 Collected (YCO) 891 1,070 1,140
1701 Change in uncollected payments, Federal sources (YCO) 207
1701 Change in uncollected payments, Federal sources (DCF) 1,322



1750 Spending auth from offsetting collections, disc (total) 1,098 2,392 1,140
1930 Total budgetary resources available 1,852 3,001 3,063
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 603 1,919 1,023

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 534 816 781
3010 New obligations, unexpired accounts 1,249 1,082 2,040
3020 Outlays (gross) –961 –1,111 –1,432
3040 Recoveries of prior year unpaid obligations, unexpired –6 –6 –4



3050 Unpaid obligations, end of year 816 781 1,385
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –1,109 –1,316 –2,638
3070 Change in uncollected pymts, Fed sources, unexpired –207 –1,322



3090 Uncollected pymts, Fed sources, end of year –1,316 –2,638 –2,638
Memorandum (non-add) entries:
3100 Obligated balance, start of year –575 –500 –1,857
3200 Obligated balance, end of year –500 –1,857 –1,253

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 1,098 2,392 1,140
Outlays, gross:
4010 Outlays from new discretionary authority 735 828 855
4011 Outlays from discretionary balances 226 283 577



4020 Outlays, gross (total) 961 1,111 1,432
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources: –267 –484
4033 Non-Federal sources –891 –803 –656



4040 Offsets against gross budget authority and outlays (total) –891 –1,070 –1,140
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –207 –1,322
4080 Outlays, net (discretionary) 70 41 292
4180 Budget authority, net (total)
4190 Outlays, net (total) 70 41 292

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 2023 priorities include: (1) meeting the needs of the Nation for currency; (2) designing the next family of notes to include security feature development and currency design/development; (3) modernizing facilities, including the new DC Production Facility and Western Currency Facility Expansion; and (4) retooling manufacturing processes with state-of-the-art intaglio printing presses, electronic inspection systems, and finishing equipment. In 2022, the Federal Reserve Board (Board) established a minimum quantity of 6.876 billion notes with a ceiling up to 9.654 billion notes.

Object Classification (in millions of dollars)


Identification code 020–4502–0–4–803 2021 actual 2022 est. 2023 est.

Reimbursable obligations:
Personnel compensation:
11.1 Full-time permanent 169 190 195
11.5 Other personnel compensation 45 39 43



11.9 Total personnel compensation 214 229 238
12.1 Civilian personnel benefits 76 84 86
21.0 Travel and transportation of persons 1 1
22.0 Transportation of things 1 1 1
23.1 Rental payments to GSA 4 3 3
23.2 Rental payments to others 1 1 1
23.3 Communications, utilities, and miscellaneous charges 18 19 19
25.1 Advisory and assistance services 30 31 34
25.2 Other services from non-Federal sources 171 198 205
25.3 Other goods and services from Federal sources 34 35 915
25.4 Operation and maintenance of facilities 1 1 1
25.5 Research and development contracts 3 4 3
26.0 Supplies and materials 579 351 394
31.0 Equipment 84 124 139
32.0 Land and structures 33



99.0 Reimbursable obligations 1,249 1,082 2,040



99.9 Total new obligations, unexpired accounts 1,249 1,082 2,040

Employment Summary


Identification code 020–4502–0–4–803 2021 actual 2022 est. 2023 est.

2001 Reimbursable civilian full-time equivalent employment 1,821 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 2023 under such section 5136 for circulating coinage and protective service capital investments of the United States Mint shall not exceed $50,000,000.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–4159–0–3–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0806 Total Operating 4,970 3,341 3,327
0807 Circulating and Protection Capital 50 50 50
0808 Numismatic Capital 10 20 20



0900 Total new obligations, unexpired accounts 5,030 3,411 3,397

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 599 886 906
1021 Recoveries of prior year unpaid obligations 20 20 20



1070 Unobligated balance (total) 619 906 926
Budget authority:
Spending authority from offsetting collections, discretionary:
1700 Collected 5,297 3,411 3,397
1930 Total budgetary resources available 5,916 4,317 4,323
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 886 906 926

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 440 635 238
3010 New obligations, unexpired accounts 5,030 3,411 3,397
3020 Outlays (gross) –4,815 –3,788 –3,400
3040 Recoveries of prior year unpaid obligations, unexpired –20 –20 –20



3050 Unpaid obligations, end of year 635 238 215
Memorandum (non-add) entries:
3100 Obligated balance, start of year 440 635 238
3200 Obligated balance, end of year 635 238 215

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 5,297 3,411 3,397
Outlays, gross:
4010 Outlays from new discretionary authority 4,723 2,729 2,718
4011 Outlays from discretionary balances 92 1,059 682



4020 Outlays, gross (total) 4,815 3,788 3,400
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033 Non-Federal sources –5,297 –3,411 –3,397



4040 Offsets against gross budget authority and outlays (total) –5,297 –3,411 –3,397
4180 Budget authority, net (total)
4190 Outlays, net (total) –482 377 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 2021, the Mint transferred $ 140 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 2023 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 2023 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 2021 actual 2022 est. 2023 est.

Reimbursable obligations:
Personnel compensation:
11.1 Full-time permanent 142 170 180
11.5 Other personnel compensation 18 16 16



11.9 Total personnel compensation 160 186 196
12.1 Civilian personnel benefits 59 56 57
13.0 Benefits for former personnel 1 1
21.0 Travel and transportation of persons 3 3
22.0 Transportation of things 42 34 34
23.1 Rental payments to GSA 1
23.2 Rental payments to others 16 14 14
23.3 Communications, utilities, and miscellaneous charges 14 19 19
24.0 Printing and reproduction 1 3 3
25.1 Advisory and assistance services 55 53 53
25.2 Other services from non-Federal sources 20 21 22
25.3 Other goods and services from Federal sources 22 21 22
25.4 Operation and maintenance of facilities 9 9 10
25.5 Research and development contracts 1 1
25.6 Medical care 1 1 1
25.7 Operation and maintenance of equipment 9 7 7
26.0 Supplies and materials 4,560 2,909 2,880
31.0 Equipment 42 60 61
32.0 Land and structures 19 13 13



99.0 Reimbursable obligations 5,030 3,411 3,397



99.9 Total new obligations, unexpired accounts 5,030 3,411 3,397

Employment Summary


Identification code 020–4159–0–3–803 2021 actual 2022 est. 2023 est.

2001 Reimbursable civilian full-time equivalent employment 1,566 1,705 1,705

Internal Revenue Service

The Internal Revenue Service (IRS) collects the revenue that funds the Government and administers the Nation's tax laws. During 2021, the IRS processed 269 million tax forms and collected $4.1 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 2023 Budget provides $14.1 billion for the IRS to administer the tax code and implement key strategic priorities.

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 2021, the IRS processed more than 155 million individual tax returns and issued more than 112 million federal tax refunds totaling more than $320.8 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 2021, the IRS achieved 2,766 criminal convictions with a conviction rate of 89.4 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 2021, the IRS reduced the percentage of aged hardware within the IT environment from 16 percent at the end of 2020 to 9.3 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, associated support costs, and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $3,684,593,000; of which not to exceed $100,000,000 shall remain available until September 30, 2024; of which not less than $11,000,000 shall be for the Tax Counseling for the Elderly Program; of which not less than $26,000,000 shall be available for low-income taxpayer clinic grants, including grants to individual clinics of up to $200,000; of which not less than $30,000,000, to remain available until September 30, 2024, shall be available for the Community Volunteer Income Tax Assistance Matching Grants Program for tax return preparation assistance; and of which not less than $235,000,000 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.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–0912–0–1–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Pre-filing taxpayer assistance and education 674 691 867
0002 Filing and account services 2,535 2,428 2,901



0100 Subtotal, direct programs 3,209 3,119 3,768



0799 Total direct obligations 3,209 3,119 3,768
0801 Taxpayer Services (Reimbursable) 39 45 47



0900 Total new obligations, unexpired accounts 3,248 3,164 3,815

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 176 280 8
1011 Unobligated balance transfer from other acct [020–5432] 63 30 30
1011 Unobligated balance transfer from other acct [020–0913] 4
1012 Unobligated balance transfers between expired and unexpired accounts 11
1020 Adjustment of unobligated bal brought forward, Oct 1 –3
1021 Recoveries of prior year unpaid obligations 22 7 7



1070 Unobligated balance (total) 276 314 45
Budget authority:
Appropriations, discretionary:
1100 Appropriation 2,556 2,556 3,685
1100 Appropriation [PL 116–260 Div. N — EIP #2] 178
1121 Appropriations transferred from other acct [020–0913] 50 208
1121 Appropriations transferred from other acct [020–5432] 2 49 49



1160 Appropriation, discretionary (total) 2,786 2,813 3,734
Appropriations, mandatory:
1200 Appropriation [ARP Child Tax Credit] 206
1200 Appropriation [ARP EIP #3] 216



1260 Appropriations, mandatory (total) 422
Spending authority from offsetting collections, discretionary:
1700 Collected 42 45 47
1701 Change in uncollected payments, Federal sources 4



1750 Spending auth from offsetting collections, disc (total) 46 45 47
1900 Budget authority (total) 3,254 2,858 3,781
1930 Total budgetary resources available 3,530 3,172 3,826
Memorandum (non-add) entries:
1940 Unobligated balance expiring –2
1941 Unexpired unobligated balance, end of year 280 8 11

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 308 295 278
3010 New obligations, unexpired accounts 3,248 3,164 3,815
3011 Obligations ("upward adjustments"), expired accounts 42
3020 Outlays (gross) –3,256 –3,156 –3,697
3040 Recoveries of prior year unpaid obligations, unexpired –22 –7 –7
3041 Recoveries of prior year unpaid obligations, expired –25 –18 –18



3050 Unpaid obligations, end of year 295 278 371
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –20 –4 –4
3070 Change in uncollected pymts, Fed sources, unexpired –4
3071 Change in uncollected pymts, Fed sources, expired 20



3090 Uncollected pymts, Fed sources, end of year –4 –4 –4
Memorandum (non-add) entries:
3100 Obligated balance, start of year 288 291 274
3200 Obligated balance, end of year 291 274 367

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 2,832 2,858 3,781
Outlays, gross:
4010 Outlays from new discretionary authority 2,579 2,621 3,464
4011 Outlays from discretionary balances 541 264 221



4020 Outlays, gross (total) 3,120 2,885 3,685
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –66 –58 –60
4033 Non-Federal sources –38 –22 –22



4040 Offsets against gross budget authority and outlays (total) –104 –80 –82
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –4
4052 Offsetting collections credited to expired accounts 62 35 35



4060 Additional offsets against budget authority only (total) 58 35 35



4070 Budget authority, net (discretionary) 2,786 2,813 3,734
4080 Outlays, net (discretionary) 3,016 2,805 3,603
Mandatory:
4090 Budget authority, gross 422
Outlays, gross:
4100 Outlays from new mandatory authority 136
4101 Outlays from mandatory balances 271 12



4110 Outlays, gross (total) 136 271 12
4180 Budget authority, net (total) 3,208 2,813 3,734
4190 Outlays, net (total) 3,152 3,076 3,615

This account 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.

The 2023 Budget proposes changes to IRS appropriation language that allow the IRS to move certain support activities from the Operations Support appropriation to charge the full cost of mission activities to the Taxpayer Services and Enforcement appropriations. In the 2023 Budget, the IRS proposes to move $266 million in rent and $33 million in CFO expenses to Taxpayer Services from Operations Support.

Object Classification (in millions of dollars)


Identification code 020–0912–0–1–803 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 1,748 1,714 2,069
11.3 Other than full-time permanent 55 63 70
11.5 Other personnel compensation 230 172 167
11.8 Special personal services payments 11 10



11.9 Total personnel compensation 2,033 1,960 2,316
12.1 Civilian personnel benefits 745 745 794
13.0 Benefits for former personnel 17 13 14
21.0 Travel and transportation of persons 6 11
22.0 Transportation of things 1 1 1
23.1 Rental payments to GSA 266
23.3 Communications, utilities, and miscellaneous charges 1 1 1
24.0 Printing and reproduction 9 10 11
25.1 Advisory and assistance services 171 211 142
25.2 Other services from non-Federal sources 106 42 50
25.3 Other goods and services from Federal sources 68 71 80
25.6 Medical care 15
26.0 Supplies and materials 4 4 4
41.0 Grants, subsidies, and contributions 54 54 63
42.0 Insurance claims and indemnities 1



99.0 Direct obligations 3,209 3,119 3,768
99.0 Reimbursable obligations 39 45 47



99.9 Total new obligations, unexpired accounts 3,248 3,164 3,815

Employment Summary


Identification code 020–0912–0–1–803 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 31,440 33,707 33,961
1001 Direct civilian full-time equivalent employment 71 71 71
2001 Reimbursable civilian full-time equivalent employment 514 429 450

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)), associated support costs, and to provide other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $6,272,313,000; of which not to exceed $250,000,000 shall remain available until September 30, 2024; 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.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–0913–0–1–999 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Investigations 681 708 852
0002 Exam and Collections 4,187 4,351 5,230
0003 Regulatory 159 201 205



0100 Subtotal, Direct program 5,027 5,260 6,287



0799 Total direct obligations 5,027 5,260 6,287
0801 Enforcement (Reimbursable) 43 57 60



0900 Total new obligations, unexpired accounts 5,070 5,317 6,347

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 276 252 11
1001 Discretionary unobligated balance brought fwd, Oct 1 273
1010 Unobligated balance transfer to other accts [020–0912] –4
1010 Unobligated balance transfer to other accts [020–0919] –16
1012 Unobligated balance transfers between expired and unexpired accounts 1
1021 Recoveries of prior year unpaid obligations 1 1 2
1033 Recoveries of prior year paid obligations 3 4 3



1070 Unobligated balance (total) 261 257 16
Budget authority:
Appropriations, discretionary:
1100 Appropriation 5,212 5,212 6,272
1100 Appropriation (PL 116–260 Div. N — EIP #2) 58
1120 Appropriations transferred to other acct [020–0919] –216
1120 Appropriations transferred to other acct [020–0912] –50 –208



1160 Appropriation, discretionary (total) 5,004 5,004 6,272
Spending authority from offsetting collections, discretionary:
1700 Collected 24 29 31
1701 Change in uncollected payments, Federal sources 43 38 40



1750 Spending auth from offsetting collections, disc (total) 67 67 71
1900 Budget authority (total) 5,071 5,071 6,343
1930 Total budgetary resources available 5,332 5,328 6,359
Memorandum (non-add) entries:
1940 Unobligated balance expiring –10
1941 Unexpired unobligated balance, end of year 252 11 12

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 500 590 613
3010 New obligations, unexpired accounts 5,070 5,317 6,347
3011 Obligations ("upward adjustments"), expired accounts 31
3020 Outlays (gross) –4,984 –5,273 –6,214
3040 Recoveries of prior year unpaid obligations, unexpired –1 –1 –2
3041 Recoveries of prior year unpaid obligations, expired –26 –20 –20



3050 Unpaid obligations, end of year 590 613 724
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –32 –45 –83
3070 Change in uncollected pymts, Fed sources, unexpired –43 –38 –40
3071 Change in uncollected pymts, Fed sources, expired 30



3090 Uncollected pymts, Fed sources, end of year –45 –83 –123
Memorandum (non-add) entries:
3100 Obligated balance, start of year 468 545 530
3200 Obligated balance, end of year 545 530 601

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 5,071 5,071 6,343
Outlays, gross:
4010 Outlays from new discretionary authority 4,413 4,651 5,823
4011 Outlays from discretionary balances 570 622 391



4020 Outlays, gross (total) 4,983 5,273 6,214
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –56 –60 –61
4033 Non-Federal sources –13 –17 –17



4040 Offsets against gross budget authority and outlays (total) –69 –77 –78
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –43 –38 –40
4052 Offsetting collections credited to expired accounts 42 44 44
4053 Recoveries of prior year paid obligations, unexpired accounts 3 4 3



4060 Additional offsets against budget authority only (total) 2 10 7



4070 Budget authority, net (discretionary) 5,004 5,004 6,272
4080 Outlays, net (discretionary) 4,914 5,196 6,136
Mandatory:
Outlays, gross:
4101 Outlays from mandatory balances 1
4180 Budget authority, net (total) 5,004 5,004 6,272
4190 Outlays, net (total) 4,915 5,196 6,136

This account 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.

The 2023 Budget proposes changes to IRS appropriation language that allow the IRS to move certain support activities from the Operations Support appropriation to charge the full cost of mission activities to the Taxpayer Services and Enforcement appropriations. In the 2023 Budget, the IRS proposes to move $369 million in rent and $42 million in CFO expenses to Enforcement from Operations Support.

Object Classification (in millions of dollars)


Identification code 020–0913–0–1–999 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 3,162 3,216 3,653
11.3 Other than full-time permanent 25 22 23
11.5 Other personnel compensation 153 142 163
11.8 Special personal services payments 49 36 39



11.9 Total personnel compensation 3,389 3,416 3,878
12.1 Civilian personnel benefits 1,312 1,370 1,574
21.0 Travel and transportation of persons 8 58 119
22.0 Transportation of things 9 9 21
23.1 Rental payments to GSA 369
23.3 Communications, utilities, and miscellaneous charges 5 6 6
24.0 Printing and reproduction 2 3 7
25.1 Advisory and assistance services 171 243 124
25.2 Other services from non-Federal sources 28 43 76
25.3 Other goods and services from Federal sources 42 54 42
25.6 Medical care 9
25.7 Operation and maintenance of equipment 2 2 8
26.0 Supplies and materials 24 29 24
31.0 Equipment 25 10 16
32.0 Land and structures 1 2
42.0 Insurance claims and indemnities 2 1 12
91.0 Unvouchered 7 16



99.0 Direct obligations 5,027 5,260 6,287
99.0 Reimbursable obligations 43 57 60



99.9 Total new obligations, unexpired accounts 5,070 5,317 6,347

Employment Summary


Identification code 020–0913–0–1–999 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 35,060 34,118 38,831
2001 Reimbursable civilian full-time equivalent employment 101 80 84

OPERATIONS SUPPORT

For necessary expenses to operate the Internal Revenue Service, including headquarters; the hire of passenger motor vehicles (31 U.S.C. 1343(b)); the operations of the Internal Revenue Service Oversight Board; and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner; $3,833,734,000; of which not to exceed $275,000,000 shall remain available until September 30, 2024; 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, 2025, for research; and of which not to exceed $20,000 shall be for official reception and representation expenses: Provided, That not later than 30 days after the end of each quarter, the Internal Revenue Service shall submit a report to the Committees on Appropriations of the House of Representatives and the Senate and the Comptroller General of the United States detailing major information technology investments in the Internal Revenue Service Integrated Modernization Business Plan portfolio, including detailed, plain language summaries on the status of plans, costs, and results; prior results and actual expenditures of the prior quarter; upcoming deliverables and costs for the fiscal year; risks and mitigation strategies associated with ongoing work; reasons for any cost or schedule variances; and total expenditures by fiscal year: Provided further, That the Internal Revenue Service shall include, in its budget justification for fiscal year 2024, a summary of cost and schedule performance information for its major information technology systems.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–0919–0–1–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0002 Infrastructure 917 900 406
0003 Shared Services and Support 1,377 1,160 1,126
0004 Information Services 2,823 2,701 2,778



0100 Subtotal, direct programs 5,117 4,761 4,310



0799 Total direct obligations 5,117 4,761 4,310
0801 Operations Support (Reimbursable) 55 55 58



0900 Total new obligations, unexpired accounts 5,172 4,816 4,368

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 163 841 361
1011 Unobligated balance transfer from other acct [020–5432] 178 156 80
1011 Unobligated balance transfer from other acct [020–0913] 16
1012 Unobligated balance transfers between expired and unexpired accounts 4
1020 Adjustment of unobligated bal brought forward, Oct 1 3
1021 Recoveries of prior year unpaid obligations 22 15 15



1070 Unobligated balance (total) 383 1,015 456
Budget authority:
Appropriations, discretionary:
1100 Appropriation 3,928 3,928 3,834
1100 Appropriation [PL 116–260 Div. N — EIP #2] 273
1121 Appropriations transferred from other acct [020–5432] 226 179 181
1121 Appropriations transferred from other acct [020–0913] 216



1160 Appropriation, discretionary (total) 4,643 4,107 4,015
Appropriations, mandatory:
1200 Appropriation [ARP Child Tax Credit] 191
1200 Appropriation [ARP EIP #3] 249
1200 Appropriation [ARP Modernization] 500



1260 Appropriations, mandatory (total) 940
Spending authority from offsetting collections, discretionary:
1700 Collected 49 55 58
1701 Change in uncollected payments, Federal sources 6



1750 Spending auth from offsetting collections, disc (total) 55 55 58
1900 Budget authority (total) 5,638 4,162 4,073
1930 Total budgetary resources available 6,021 5,177 4,529
Memorandum (non-add) entries:
1940 Unobligated balance expiring –8
1941 Unexpired unobligated balance, end of year 841 361 161

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1,140 1,394 1,195
3010 New obligations, unexpired accounts 5,172 4,816 4,368
3011 Obligations ("upward adjustments"), expired accounts 20
3020 Outlays (gross) –4,852 –4,944 –4,431
3040 Recoveries of prior year unpaid obligations, unexpired –22 –15 –15
3041 Recoveries of prior year unpaid obligations, expired –64 –56 –56



3050 Unpaid obligations, end of year 1,394 1,195 1,061
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –15 –6 –6
3070 Change in uncollected pymts, Fed sources, unexpired –6
3071 Change in uncollected pymts, Fed sources, expired 15



3090 Uncollected pymts, Fed sources, end of year –6 –6 –6
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1,125 1,388 1,189
3200 Obligated balance, end of year 1,388 1,189 1,055

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 4,698 4,162 4,073
Outlays, gross:
4010 Outlays from new discretionary authority 3,607 3,225 3,155
4011 Outlays from discretionary balances 1,117 1,210 1,020



4020 Outlays, gross (total) 4,724 4,435 4,175
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –60 –61 –64
4033 Non-Federal sources –14 –10 –10



4040 Offsets against gross budget authority and outlays (total) –74 –71 –74
Additional offsets against gross budget authority only:
4050 Change in uncollected pymts, Fed sources, unexpired –6
4052 Offsetting collections credited to expired accounts 25 16 16



4060 Additional offsets against budget authority only (total) 19 16 16



4070 Budget authority, net (discretionary) 4,643 4,107 4,015
4080 Outlays, net (discretionary) 4,650 4,364 4,101
Mandatory:
4090 Budget authority, gross 940
Outlays, gross:
4100 Outlays from new mandatory authority 128
4101 Outlays from mandatory balances 509 256



4110 Outlays, gross (total) 128 509 256
4180 Budget authority, net (total) 5,583 4,107 4,015
4190 Outlays, net (total) 4,778 4,873 4,357

This account 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 properly function.

The 2023 Budget proposes changes to IRS appropriation language that allow the IRS to move certain support activities from the Operations Support appropriation to charge the full cost of mission activities to the Taxpayer Services and Enforcement appropriations. In the 2023 Budget, the IRS proposes to move $635 million in rent and $75 million in CFO expenses from Operations Support to Taxpayer Services and Enforcement.

Object Classification (in millions of dollars)


Identification code 020–0919–0–1–803 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 1,304 1,478 1,395
11.3 Other than full-time permanent 6 5 5
11.5 Other personnel compensation 33 44 43
11.8 Special personal services payments 1 1



11.9 Total personnel compensation 1,343 1,528 1,444
12.1 Civilian personnel benefits 483 538 523
21.0 Travel and transportation of persons 2 9 12
22.0 Transportation of things 13 14 16
23.1 Rental payments to GSA 580 609
23.2 Rental payments to others 5
23.3 Communications, utilities, and miscellaneous charges 558 309 339
24.0 Printing and reproduction 59 33 22
25.1 Advisory and assistance services 1,191 938 1,031
25.2 Other services from non-Federal sources 42 26 50
25.3 Other goods and services from Federal sources 71 65 69
25.4 Operation and maintenance of facilities 195 203 224
25.6 Medical care 15 14 20
25.7 Operation and maintenance of equipment 71 44 54
26.0 Supplies and materials 7 6 7
31.0 Equipment 422 396 420
32.0 Land and structures 60 28 78
42.0 Insurance claims and indemnities 1 1



99.0 Direct obligations 5,117 4,761 4,310
99.0 Reimbursable obligations 55 55 58



99.9 Total new obligations, unexpired accounts 5,172 4,816 4,368

Employment Summary


Identification code 020–0919–0–1–803 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 11,775 12,092 11,564
1001 Direct civilian full-time equivalent employment 10 15
2001 Reimbursable civilian full-time equivalent employment 79 76 80

BUSINESS SYSTEMS MODERNIZATION

For necessary expenses of the Internal Revenue Service's business systems modernization program, $310,027,000, to remain available until September 30, 2025, 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.

Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.

Program and Financing (in millions of dollars)


Identification code 020–0921–0–1–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Business Systems Modernization 348 462 512

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 30 437 204
1001 Discretionary unobligated balance brought fwd, Oct 1 30
1010 Unobligated balance transfer to other accts [020–5432] –1
1021 Recoveries of prior year unpaid obligations 4 6 3



1070 Unobligated balance (total) 33 443 207
Budget authority:
Appropriations, discretionary:
1100 Appropriation 223 223 310
1121 Appropriations transferred from other acct [020–5432] 29



1160 Appropriation, discretionary (total) 252 223 310
Appropriations, mandatory:
1200 Appropriation [ARP IT Modernization] 500
1900 Budget authority (total) 752 223 310
1930 Total budgetary resources available 785 666 517
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 437 204 5

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 161 201 256
3010 New obligations, unexpired accounts 348 462 512
3020 Outlays (gross) –302 –399 –425
3040 Recoveries of prior year unpaid obligations, unexpired –4 –6 –3
3041 Recoveries of prior year unpaid obligations, expired –2 –2 –2



3050 Unpaid obligations, end of year 201 256 338
Memorandum (non-add) entries:
3100 Obligated balance, start of year 161 201 256
3200 Obligated balance, end of year 201 256 338

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 252 223 310
Outlays, gross:
4010 Outlays from new discretionary authority 137 88 122
4011 Outlays from discretionary balances 151 86 78



4020 Outlays, gross (total) 288 174 200
Mandatory:
4090 Budget authority, gross 500
Outlays, gross:
4100 Outlays from new mandatory authority 14
4101 Outlays from mandatory balances 225 225



4110 Outlays, gross (total) 14 225 225
4180 Budget authority, net (total) 752 223 310
4190 Outlays, net (total) 302 399 425

This account 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 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 42 45 62
11.5 Other personnel compensation 1 1 1



11.9 Total personnel compensation 43 46 63
12.1 Civilian personnel benefits 15 16 21
21.0 Travel and transportation of persons 1 1
25.1 Advisory and assistance services 243 274 327
25.2 Other services from non-Federal sources 22 61 43
25.7 Operation and maintenance of equipment 1
31.0 Equipment 25 64 56



99.0 Direct obligations 348 462 512



99.9 Total new obligations, unexpired accounts 348 462 512

Employment Summary


Identification code 020–0921–0–1–803 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 305 324 412

Working Capital Fund

Build America Bond Payments, Recovery Act

Program and Financing (in millions of dollars)


Identification code 020–0935–0–1–806 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Build America Bond Payments, Recovery Act (Direct) 3,012 2,614 2,587



0900 Total new obligations, unexpired accounts (object class 41.0) 3,012 2,614 2,587

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 3,199 2,772 2,743
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –187 –158 –156



1260 Appropriations, mandatory (total) 3,012 2,614 2,587
1930 Total budgetary resources available 3,012 2,614 2,587

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 3,012 2,614 2,587
3020 Outlays (gross) –3,012 –2,614 –2,587

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 3,012 2,614 2,587
Outlays, gross:
4100 Outlays from new mandatory authority 3,012 2,614 2,587
4180 Budget authority, net (total) 3,012 2,614 2,587
4190 Outlays, net (total) 3,012 2,614 2,587

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payment Where Earned Income Credit Exceeds Liability for Tax (Direct) 60,757 67,719 56,321
0002 Payment where Earned Income Tax Credit Exceeds Liability for Tax Territories 734 749



0900 Total new obligations, unexpired accounts (object class 41.0) 60,757 68,453 57,070

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 60,757 68,453 57,070
1930 Total budgetary resources available 60,757 68,453 57,070

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 60,757 68,453 57,070
3020 Outlays (gross) –60,757 –68,453 –57,070

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 60,757 68,453 57,070
Outlays, gross:
4100 Outlays from new mandatory authority 60,757 68,453 57,070
4180 Budget authority, net (total) 60,757 68,453 57,070
4190 Outlays, net (total) 60,757 68,453 57,070

Summary of Budget Authority and Outlays (in millions of dollars)


2021 actual 2022 est. 2023 est.

Enacted/requested:
Budget Authority 60,757 68,453 57,070
Outlays 60,757 68,453 57,070
Legislative proposal, subject to PAYGO:
Budget Authority 65
Outlays 65
Total:
Budget Authority 60,757 68,453 57,135
Outlays 60,757 68,453 57,135

The Earned Income Tax Credit (EITC) was enacted by the Tax Reduction Act of 1975 (P.L. 94–12) and made permanent by the Revenue Act of 1978 (P.L. 95–600). The amount of EITC a taxpayer may receive depends on, among other factors, 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 income, and then decreases as 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 a potential refund to the taxpayer.

Sections 9621 through 9626 of the American Rescue Plan Act of 2021, (P.L. 117–2) (American Rescue Plan) modified the EITC. For Tax Year 2021 only, the American Rescue Plan, generally, (i) reduced from 25 to 19 the general 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 amount and the 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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payment Where Earned Income Credit Exceeds Liability for Tax (Direct) 65



0900 Total new obligations, unexpired accounts (object class 41.0) 65

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 65
1930 Total budgetary resources available 65

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 65
3020 Outlays (gross) –65

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 65
Outlays, gross:
4100 Outlays from new mandatory authority 65
4180 Budget authority, net (total) 65
4190 Outlays, net (total) 65

The Budget proposes the following that have an impact on EITC: increase the amount of the tax penalties that apply to paid tax return preparers for willful, reckless, or unreasonable understatements, and other forms of noncompliance; establish new penalties for the appropriation of Preparer Tax Identification Numbers and Electronic Filing Identification Numbers and for failing to disclose the use of a paid tax return preparer, increases the time period during which the penalty may be assessed to six years for a failure to furnish the preparer's identifying number, and provide the Secretary of the Treasury with explicit authority to regulate all paid preparers of Federal tax returns; permanently exclude certain discharged student loan amounts from gross income; and various health reforms.

U.S. Coronavirus Payments

Program and Financing (in millions of dollars)


Identification code 020–0905–0–1–609 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Economic Impact Payments 431
0002 Economic Impact Payments, Territories 2
0003 Economic Impact Payments, 2nd 140,385
0004 Economic Impact Payments, Territories 2nd 984 15
0005 Recovery Rebate Credit 23,403 1,198
0006 Economic Impact Payments, 3rd 400,188 3,102
0007 Economic Impact Payments, Territories 3rd 4,115 25
0008 Recovery Rebate Credit, 3rd 2,264 24



0900 Total new obligations, unexpired accounts (object class 41.0) 569,508 6,604 24

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation [CARES Act] 433
1200 Appropriation [CAA] 141,369 15
1200 Appropriation [Recovery Rebates (CARES Act and CAA)] 23,403 1,198
1200 Appropriation [ARP] 404,303 5,391 24



1260 Appropriations, mandatory (total) 569,508 6,604 24
1930 Total budgetary resources available 569,508 6,604 24

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 569,508 6,604 24
3020 Outlays (gross) –569,508 –6,604 –24

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 569,508 6,604 24
Outlays, gross:
4100 Outlays from new mandatory authority 569,508 6,604 24
4180 Budget authority, net (total) 569,508 6,604 24
4190 Outlays, net (total) 569,508 6,604 24

This account includes the 2020 and 2021 recovery rebate credits, including the advance Economic Impact Payments of those credits, enacted in Section 2201(a) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (P.L. 116–136), Section 272(a) of the COVID-related Tax Relief Act of 2020, enacted in Subtitle B of Title II of Division N 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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payment Where Child Tax Credit Exceeds Liability for Tax (Direct) 32,755 51,407 28,816
0002 Payment Where Child Tax Credit Exceeds Liability for Tax Territory Payment 59 192 248
0003 Payment for the Advanced Child Tax Credit 45,950 46,902
0004 Payment for the Advanced Child Tax Credit (Territory Payment) 195



0900 Total new obligations, unexpired accounts (object class 41.0) 78,959 98,501 29,064

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 78,959 98,501 29,064
1930 Total budgetary resources available 78,959 98,501 29,064

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 78,959 98,501 29,064
3020 Outlays (gross) –78,959 –98,501 –29,064

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 78,959 98,501 29,064
Outlays, gross:
4100 Outlays from new mandatory authority 78,959 98,501 29,064
4180 Budget authority, net (total) 78,959 98,501 29,064
4190 Outlays, net (total) 78,959 98,501 29,064

Summary of Budget Authority and Outlays (in millions of dollars)


2021 actual 2022 est. 2023 est.

Enacted/requested:
Budget Authority 78,959 98,501 29,064
Outlays 78,959 98,501 29,064
Legislative proposal, subject to PAYGO:
Budget Authority 48
Outlays 48
Total:
Budget Authority 78,959 98,501 29,112
Outlays 78,959 98,501 29,112

The Child Tax Credit (CTC) was enacted by the Taxpayer Relief Act of 1997 (P.L. 105–34). The Tax Cuts and Jobs Act (P.L. 115–97) (TCJA) increased the credit to $2,000 per qualifying 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.

Sections 9611 and 9612 of the American Rescue Plan Act of 2021 (P.L. 117–2) (American Rescue Plan) amended the Internal Revenue Code (Code) to modify the CTC generally 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 qualifying children 17 years old and younger. The legislation also increased the amount of the CTC from $2,000 to $3,600 for qualifying children under age 6, and $3,000 for other qualifying children under age 18. The amount of this increase in the CTC (that is, $1,600 in the case of qualifying children under age 6 and $1,000 in the case of other qualifying children under age 18) is reduced by $50 for each $1,000 (or fraction thereof) by which the taxpayer's modified adjusted gross income 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 taxpayer's 2020 or 2019 tax returns, in an aggregate amount equal to 50 percent of the estimated amount of the taxpayer's refundable CTC. Section 9612 of the American Rescue Plan amended Section 24 of the Code to remove the requirement for bona fide residents of Puerto Rico to have three qualifying children to claim the CTC. For 2021 and years thererafter, bona fide residents of Puerto Rico need only one qualifying child to claim the CTC. In addition, section 9612 of the American Rescue Plan amended Section 24 of the Code to provide that certain residents of American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, or the U.S. Virgin Islands, may have been eligible to receive from their territory tax agency advance Child Tax Credit payments under 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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payment Where Child Tax Credit Exceeds Liability for Tax (Direct) 48



0900 Total new obligations, unexpired accounts (object class 41.0) 48

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

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 48
3020 Outlays (gross) –48

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 48
Outlays, gross:
4100 Outlays from new mandatory authority 48
4180 Budget authority, net (total) 48
4190 Outlays, net (total) 48

The Budget proposes the following that have an impact on CTC: increase the amount of the tax penalties that apply to paid tax return preparers for willful, reckless, or unreasonable understatements, and other forms of noncompliance; establish new penalties for the appropriation of Preparer Tax Identification Numbers and Electronic Filing Identification Numbers and for failing to disclose the use of a paid tax return preparer, increases the time period during which the penalty may be assessed to six years for a failure to furnish the preparer's identifying number, and provide the Secretary of the Treasury with explicit authority to regulate all paid preparers of Federal tax returns; permanently exclude certain discharged student loan amounts from gross income; and various health reforms.

Payment Where Health Coverage Tax Credit Exceeds Liability for Tax

Program and Financing (in millions of dollars)


Identification code 020–0923–0–1–551 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payment Where Health Coverage Tax Credit Exceeds Liability for T (Direct) 23 20



0900 Total new obligations, unexpired accounts (object class 41.0) 23 20

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 23 20
1930 Total budgetary resources available 23 20

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 23 20
3020 Outlays (gross) –23 –20

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 23 20
Outlays, gross:
4100 Outlays from new mandatory authority 23 20
4180 Budget authority, net (total) 23 20
4190 Outlays, net (total) 23 20

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, and the Consolidated Appropriations Act, 2021 (P.L. 116–260, section 134) extended the credit though December 31, 2021.

U.S. Coronavirus Refundable Credits

Program and Financing (in millions of dollars)


Identification code 020–0936–0–1–609 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Paid Family and Sick Leave Credits 689 750
0003 Employee Retention Credit 9,280 7,800 20
0005 COBRA Credits 174 450



0900 Total new obligations, unexpired accounts (object class 41.0) 10,143 9,000 20

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 10,143 9,000 20
1930 Total budgetary resources available 10,143 9,000 20

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 10,143 9,000 20
3020 Outlays (gross) –10,143 –9,000 –20

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 10,143 9,000 20
Outlays, gross:
4100 Outlays from new mandatory authority 10,143 9,000 20
4180 Budget authority, net (total) 10,143 9,000 20
4190 Outlays, net (total) 10,143 9,000 20

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 and by 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) enacted section 3134 of the Internal Revenue Code of 1986, which 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.

Section 80604 of the Infrastructure Investment and Jobs Act of 2021 (P.L. 117–58) amended section 3134 of the Internal Revenue Code to provide that the employee retention credit under section 3134 shall apply only to wages paid after June 30, 2021, and before October 1, 2021 (or, in the case of wages paid by an eligible employer which is a recovery startup business, January 1, 2022).

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 and by 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 enacted sections 3131, 3132, and 3133 of the Internal Revenue Code to extend the credits through the period from April 1, 2021 through September 30, 2021; expand 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); expand 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 make other technical amendments. (Sections 9642 and 9643 of the ARP 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 ARP provision subsidized 100 percent of COBRA premiums for six months for individuals who lost employment involuntarily 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 2021 actual 2022 est. 2023 est.

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



3050 Unpaid obligations, end of year 1 1 1
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1 1 1
3200 Obligated balance, end of year 1 1 1
4180 Budget authority, net (total)
4190 Outlays, net (total)

The Patient Protection and Affordable Care Act (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 no more 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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payment Where Certain Tax Credits Exceed Liability for Corporate (Direct) 190
0002 Credit for Prior Year Minimum Tax Liability of Corporations 8,970 1,294 10



0900 Total new obligations, unexpired accounts (object class 41.0) 9,160 1,294 10

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 9,160 1,294 10
1930 Total budgetary resources available 9,160 1,294 10

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 9,160 1,294 10
3020 Outlays (gross) –9,160 –1,294 –10

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 9,160 1,294 10
Outlays, gross:
4100 Outlays from new mandatory authority 9,160 1,294 10
4180 Budget authority, net (total) 9,160 1,294 10
4190 Outlays, net (total) 9,160 1,294 10

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, amended section 168(k) of the Internal Revenue Code (Code) to allow 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 portion of the unused credit that can be accelerated under this provision 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 only with respect to AMT credits. The PATH Act also extended and modified this provision for 2016 through 2019 only with respect to AMT credits.

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. Further, the TCJA amended the AMT credit limitation in section 53 of the Code to allow unused AMT credits to fully offset the regular federal income tax liability for any taxable year beginning after 2017. The TCJA also added section 53(e) to the Code to treat unused AMT credits as 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 unused AMT credit as of the beginning of the taxable year over the amount of the credit allowable for the year against regular federal income tax liability. The Coronavirus Aid, Relief, and Economic Security Act (P.L. 116–136) (CARES Act) retroactively amended section 53(e) of the Code to allow unused AMT credits to be fully refunded in tax years beginning in 2018 or 2019. The refundable corporate minimum tax credit claimed under sections 53 and 168(k)(4) of the 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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payment Where CDCTC Exceeds Liability for Tax (Direct) 7,577 50
0002 Payment Where CDCTC Exceeds Liability for Tax (Territory Pymt) 53



0900 Total new obligations, unexpired accounts (object class 41.0) 7,630 50

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 7,630 50
1930 Total budgetary resources available 7,630 50

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 7,630 50
3020 Outlays (gross) –7,630 –50

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 7,630 50
Outlays, gross:
4100 Outlays from new mandatory authority 7,630 50
4180 Budget authority, net (total) 7,630 50
4190 Outlays, net (total) 7,630 50

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 taxpayer's 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 taxpayer's 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).

Payment Where American Opportunity Credit Exceeds Liability for Tax

Program and Financing (in millions of dollars)


Identification code 020–0932–0–1–502 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payment Where American Opportunity Credit Exceeds Liability for (Direct) 3,967 3,250 3,105



0900 Total new obligations, unexpired accounts (object class 41.0) 3,967 3,250 3,105

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 3,967 3,250 3,105
1930 Total budgetary resources available 3,967 3,250 3,105

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 3,967 3,250 3,105
3020 Outlays (gross) –3,967 –3,250 –3,105

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 3,967 3,250 3,105
Outlays, gross:
4100 Outlays from new mandatory authority 3,967 3,250 3,105
4180 Budget authority, net (total) 3,967 3,250 3,105
4190 Outlays, net (total) 3,967 3,250 3,105

Summary of Budget Authority and Outlays (in millions of dollars)


2021 actual 2022 est. 2023 est.

Enacted/requested:
Budget Authority 3,967 3,250 3,105
Outlays 3,967 3,250 3,105
Legislative proposal, subject to PAYGO:
Budget Authority 3
Outlays 3
Total:
Budget Authority 3,967 3,250 3,108
Outlays 3,967 3,250 3,108

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 taxpayer's income increases.

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 2021 actual 2022 est. 2023 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 improve access and coverage for behavioral health. This proposal impacts the American Opportunity Tax Credit.

Payment to Issuer of Qualified Energy Conservation Bonds

Program and Financing (in millions of dollars)


Identification code 020–0948–0–1–272 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payment to Issuer of Qualified Energy Conservation Bonds (Direct) 43 35 35



0900 Total new obligations, unexpired accounts (object class 41.0) 43 35 35

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 46 37 37
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –3 –2 –2



1260 Appropriations, mandatory (total) 43 35 35
1930 Total budgetary resources available 43 35 35

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 43 35 35
3020 Outlays (gross) –43 –35 –35

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 43 35 35
Outlays, gross:
4100 Outlays from new mandatory authority 43 35 35
4180 Budget authority, net (total) 43 35 35
4190 Outlays, net (total) 43 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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payment to Issuer of New Clean Renewable Energy Bonds (Direct) 57 41 40



0900 Total new obligations, unexpired accounts (object class 41.0) 57 41 40

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 60 43 42
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –3 –2 –2



1260 Appropriations, mandatory (total) 57 41 40
1930 Total budgetary resources available 57 41 40

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 57 41 40
3020 Outlays (gross) –57 –41 –40

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 57 41 40
Outlays, gross:
4100 Outlays from new mandatory authority 57 41 40
4180 Budget authority, net (total) 57 41 40
4190 Outlays, net (total) 57 41 40

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payment to Issuer of Qualified School Construction Bonds (Direct) 797 563 559



0900 Total new obligations, unexpired accounts (object class 41.0) 797 563 559

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 846 597 593
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –49 –34 –34



1260 Appropriations, mandatory (total) 797 563 559
1930 Total budgetary resources available 797 563 559

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 797 563 559
3020 Outlays (gross) –797 –563 –559

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 797 563 559
Outlays, gross:
4100 Outlays from new mandatory authority 797 563 559
4180 Budget authority, net (total) 797 563 559
4190 Outlays, net (total) 797 563 559

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payment to Issuer of Qualified Zone Academy Bonds (Direct) 54 40 40



0900 Total new obligations, unexpired accounts (object class 41.0) 54 40 40

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 57 42 42
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –3 –2 –2



1260 Appropriations, mandatory (total) 54 40 40
1930 Total budgetary resources available 54 40 40

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 54 40 40
3020 Outlays (gross) –54 –40 –40

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 54 40 40
Outlays, gross:
4100 Outlays from new mandatory authority 54 40 40
4180 Budget authority, net (total) 54 40 40
4190 Outlays, net (total) 54 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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Payments to Puerto Rico 51



0900 Total new obligations, unexpired accounts (object class 41.0) 51

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 51
1930 Total budgetary resources available 51

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 51
3020 Outlays (gross) –51

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 51
Outlays, gross:
4100 Outlays from new mandatory authority 51
4180 Budget authority, net (total) 51
4190 Outlays, net (total) 51

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Refunding Internal Revenue Collections, Interest (Direct) 3,033 3,022 2,169



0900 Total new obligations, unexpired accounts (object class 43.0) 3,033 3,022 2,169

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 3,033 3,022 2,169
1930 Total budgetary resources available 3,033 3,022 2,169

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 3,033 3,022 2,169
3020 Outlays (gross) –3,033 –3,022 –2,169

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 3,033 3,022 2,169
Outlays, gross:
4100 Outlays from new mandatory authority 3,033 3,022 2,169
4180 Budget authority, net (total) 3,033 3,022 2,169
4190 Outlays, net (total) 3,033 3,022 2,169

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Premium assistance tax credit 59,948 52,099 37,150
0003 Basic Health Program 7,031 8,392 6,760
0004 State Innovation Waivers 1,742 2,181 1,803



0900 Total new obligations, unexpired accounts (object class 41.0) 68,721 62,672 45,713

Budgetary resources:
Unobligated balance:
1033 Recoveries of prior year paid obligations 3,641
1037 Unobligated balance of appropriations withdrawn –3,641
Budget authority:
Appropriations, mandatory:
1200 Appropriation 68,721 62,672 45,713
1900 Budget authority (total) 68,721 62,672 45,713
1930 Total budgetary resources available 68,721 62,672 45,713

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1,611 2,057 2,057
3010 New obligations, unexpired accounts 68,721 62,672 45,713
3020 Outlays (gross) –68,275 –62,672 –45,713



3050 Unpaid obligations, end of year 2,057 2,057 2,057
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1,611 2,057 2,057
3200 Obligated balance, end of year 2,057 2,057 2,057

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 68,721 62,672 45,713
Outlays, gross:
4100 Outlays from new mandatory authority 67,009 60,615 43,941
4101 Outlays from mandatory balances 1,266 2,057 1,772



4110 Outlays, gross (total) 68,275 62,672 45,713
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123 Non-Federal sources –3,641
Additional offsets against gross budget authority only:
4143 Recoveries of prior year paid obligations, unexpired accounts 3,641



4160 Budget authority, net (mandatory) 68,721 62,672 45,713
4170 Outlays, net (mandatory) 64,634 62,672 45,713
4180 Budget authority, net (total) 68,721 62,672 45,713
4190 Outlays, net (total) 64,634 62,672 45,713

Summary of Budget Authority and Outlays (in millions of dollars)


2021 actual 2022 est. 2023 est.

Enacted/requested:
Budget Authority 68,721 62,672 45,713
Outlays 64,634 62,672 45,713
Legislative proposal, subject to PAYGO:
Budget Authority 522
Outlays 522
Total:
Budget Authority 68,721 62,672 46,235
Outlays 64,634 62,672 46,235

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 and repay any excess advance credit payments, subject to certain caps.

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.

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.

Refundable Premium Tax Credit

(Legislative proposal, subject to PAYGO)

Program and Financing (in millions of dollars)


Identification code 020–0949–4–1–551 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Premium assistance tax credit 512
0003 Basic Health Program 10



0900 Total new obligations, unexpired accounts (object class 41.0) 522

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 522
1900 Budget authority (total) 522
1930 Total budgetary resources available 522

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 522
3020 Outlays (gross) –522

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 522
Outlays, gross:
4100 Outlays from new mandatory authority 522
4180 Budget authority, net (total) 522
4190 Outlays, net (total) 522

The proposals build on existing consumer protections and improve access to behavioral health services by doing the following: requiring coverage of mental health and substance use disorder benefits for all plans and issuers; requiring coverage of three behavioral health visits and three primary care visits without cost-sharing; limiting utilization management controls for behavioral health; amending MHPAEA to authorize the Secretaries to regulate behavioral health network adequacy for all plans and issuers; and creating a new standard for parity in behavioral health based on comparative analysis of reimbursement rates.

IRS Miscellaneous Retained Fees

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5432–0–2–803 2021 actual 2022 est. 2023 est.

0100 Balance, start of year
Receipts:
Current law:
1110 Enrolled Agent Fee Increase, IRS Miscellaneous Retained Fees 8 8 12
1110 Tax Preparer Registration Fees, IRS Miscellaneous Retained Fees 16 16 16
1130 New Installment Agreements, IRS Miscellaneous Retained Fees 124 124 124
1130 Restructured Installment Agreements, IRS Miscellaneous Retained Fees 73 73 73
1130 General User Fees, IRS Miscellaneous Retained Fees 166 128 122
1130 Photocopying and Historical Conservation Easement Fees, IRS Miscellaneous Retained Fees 6 4 3



1199 Total current law receipts 393 353 350



1999 Total receipts 393 353 350



2000 Total: Balances and receipts 393 353 350
Appropriations:
Current law:
2101 IRS Miscellaneous Retained Fees –393 –353 –350



5099 Balance, end of year

Program and Financing (in millions of dollars)


Identification code 020–5432–0–2–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 IRS Miscellaneous Retained Fees (Direct) 3 3 3



0900 Total new obligations, unexpired accounts (object class 44.0) 3 3 3

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 395 288 224
1010 Unobligated balance transfer to other accts [020–0919] –178 –156 –80
1010 Unobligated balance transfer to other accts [020–0912] –63 –30 –30
1011 Unobligated balance transfer from other acct [020–0921] 1



1070 Unobligated balance (total) 155 102 114
Budget authority:
Appropriations, discretionary:
1120 Appropriations transferred to other accts [020–0919] –226 –179 –181
1120 Appropriations transferred to other accts [020–0921] –29
1120 Appropriations transferred to other accts [020–0912] –2 –49 –49



1160 Appropriation, discretionary (total) –257 –228 –230
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 393 353 350
1900 Budget authority (total) 136 125 120
1930 Total budgetary resources available 291 227 234
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 288 224 231

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

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross –257 –228 –230
Mandatory:
4090 Budget authority, gross 393 353 350
Outlays, gross:
4101 Outlays from mandatory balances 3 3 3
4180 Budget authority, net (total) 136 125 120
4190 Outlays, net (total) 3 3 3

As provided by law (26 U.S.C. 7801), the Secretary of the Treasury may establish new fees or raise existing fees for services provided by the IRS to 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 2021 actual 2022 est. 2023 est.

0100 Balance, start of year
Receipts:
Current law:
1130 Gifts to the United States for Reduction of the Public Debt 1 3 3



2000 Total: Balances and receipts 1 3 3
Appropriations:
Current law:
2101 Gifts to the United States for Reduction of the Public Debt –1 –3 –3



5099 Balance, end of year

Program and Financing (in millions of dollars)


Identification code 020–5080–0–2–808 2021 actual 2022 est. 2023 est.

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 1 3 3
1236 Appropriations applied to repay debt –1 –3 –3
4180 Budget authority, net (total)
4190 Outlays, net (total)

As provided by law (31 U.S.C. 3113), the Secretary of the Treasury is authorized to accept conditional gifts to the United States for the purpose of reducing the public debt.

Private Collection Agent Program

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5510–0–2–803 2021 actual 2022 est. 2023 est.

0100 Balance, start of year 9 13 8
Receipts:
Current law:
1110 Private Collection Agent Program 221 145 171



2000 Total: Balances and receipts 230 158 179
Appropriations:
Current law:
2101 Private Collection Agent Program –221 –145 –171
2103 Private Collection Agent Program –9 –13 –8
2132 Private Collection Agent Program 13 8 10



2199 Total current law appropriations –217 –150 –169



2999 Total appropriations –217 –150 –169



5099 Balance, end of year 13 8 10

Program and Financing (in millions of dollars)


Identification code 020–5510–0–2–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0002 Payments to Private Collection Agencies 87 46 55
0003 Special Compliance Personnel Program 51 71 91



0900 Total new obligations, unexpired accounts 138 117 146

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 104 183 216
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 221 145 171
1203 Appropriation (previously unavailable)(special or trust) 9 13 8
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –13 –8 –10



1260 Appropriations, mandatory (total) 217 150 169
1930 Total budgetary resources available 321 333 385
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 183 216 239

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 10 8 12
3010 New obligations, unexpired accounts 138 117 146
3020 Outlays (gross) –140 –113 –129



3050 Unpaid obligations, end of year 8 12 29
Memorandum (non-add) entries:
3100 Obligated balance, start of year 10 8 12
3200 Obligated balance, end of year 8 12 29

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 217 150 169
Outlays, gross:
4100 Outlays from new mandatory authority 123 71 123
4101 Outlays from mandatory balances 17 42 6



4110 Outlays, gross (total) 140 113 129
4180 Budget authority, net (total) 217 150 169
4190 Outlays, net (total) 140 113 129

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 U.S.C. 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 2021 actual 2022 est. 2023 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 18 29 36
11.5 Other personnel compensation 1 3 4



11.9 Total personnel compensation 19 32 40
12.1 Civilian personnel benefits 7 11 14
23.1 Rental payments to GSA 20 25 34
23.3 Communications, utilities, and miscellaneous charges 1 1 1
25.1 Advisory and assistance services 90 48 57
25.3 Other goods and services from Federal sources 1



99.0 Direct obligations 138 117 146



99.9 Total new obligations, unexpired accounts 138 117 146

Employment Summary


Identification code 020–5510–0–2–803 2021 actual 2022 est. 2023 est.

1001 Direct civilian full-time equivalent employment 334 460 821

Informant Payments

Special and Trust Fund Receipts (in millions of dollars)


Identification code 020–5433–0–2–803 2021 actual 2022 est. 2023 est.

0100 Balance, start of year 5
Receipts:
Current law:
1140 Underpayment and Fraud Collection 26 85 85



2000 Total: Balances and receipts 26 85 90
Appropriations:
Current law:
2101 Informant Payments –26 –85 –85
2132 Informant Payments 5 5



2199 Total current law appropriations –26 –80 –80



2999 Total appropriations –26 –80 –80



5099 Balance, end of year 5 10

Program and Financing (in millions of dollars)


Identification code 020–5433–0–2–803 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Informant Payments 26 80 80



0900 Total new obligations, unexpired accounts (object class 91.0) 26 80 80

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1201 Appropriation (special or trust fund) 26 85 85
1232 Appropriations and/or unobligated balance of appropriations temporarily reduced –5 –5



1260 Appropriations, mandatory (total) 26 80 80
1930 Total budgetary resources available 26 80 80

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 26 80 80
3020 Outlays (gross) –26 –80 –80

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 26 80 80
Outlays, gross:
4100 Outlays from new mandatory authority 26 80 80
4180 Budget authority, net (total) 26 80 80
4190 Outlays, net (total) 26 80 80

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Federal Tax Lien Revolving Fund 1 3 3



0900 Total new obligations, unexpired accounts (object class 32.0) 1 3 3

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 7 7 7
Budget authority:
Spending authority from offsetting collections, mandatory:
1800 Collected 1 3 3
1930 Total budgetary resources available 8 10 10
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 7 7 7

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 1 3 3
3020 Outlays (gross) –1 –3 –3

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 1 3 3
Outlays, gross:
4101 Outlays from mandatory balances 1 3 3
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123 Non-Federal sources –1 –3 –3
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.

Payment Where Adoption Credit Exceeds Liability for Tax

Payment Where Adoption Credit Exceeds Liability for Tax

(Legislative proposal, subject to PAYGO)

The Budget proposes to make the adoption credit fully refundable. In addition, taxpayers with unused carryforward amounts from eligible expenses from earlier adoptions would be able to claim the full amount of any unused carryforward on their 2023 tax return. The proposal would also allow families who enter into a guardianship relationship with a child that meets certain requirements to claim a refundable credit for the expenses related to establishing the guardianship relationship.

Internal Revenue Service Oversight Board

The Internal Revenue Service Restructuring and Reform Act of 1998 (P.L. 105–206) 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 2023 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: Provided, That an additional 2 percent of the appropriation made available in this Act to the Internal Revenue Service under the "Enforcement"heading may be transferred to the appropriation made available in this Act to the Internal Revenue Service under the "Taxpayer Services" heading 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.

Comptroller of the Currency

Trust Funds

Assessment Funds

Program and Financing (in millions of dollars)


Identification code 020–8413–0–8–373 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0881 Bank Supervision 1,112 1,217 1,225

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 1,656 1,718 1,692
1021 Recoveries of prior year unpaid obligations 8



1070 Unobligated balance (total) 1,664 1,718 1,692
Budget authority:
Spending authority from offsetting collections, mandatory:
1800 Collected 1,167 1,191 1,191
1801 Change in uncollected payments, Federal sources –1



1850 Spending auth from offsetting collections, mand (total) 1,166 1,191 1,191
1930 Total budgetary resources available 2,830 2,909 2,883
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 1,718 1,692 1,658

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 328 380 416
3010 New obligations, unexpired accounts 1,112 1,217 1,225
3020 Outlays (gross) –1,052 –1,181 –1,188
3040 Recoveries of prior year unpaid obligations, unexpired –8



3050 Unpaid obligations, end of year 380 416 453
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –9 –8 –8
3070 Change in uncollected pymts, Fed sources, unexpired 1



3090 Uncollected pymts, Fed sources, end of year –8 –8 –8
Memorandum (non-add) entries:
3100 Obligated balance, start of year 319 372 408
3200 Obligated balance, end of year 372 408 445

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 1,166 1,191 1,191
Outlays, gross:
4100 Outlays from new mandatory authority 354 402 404
4101 Outlays from mandatory balances 698 779 784



4110 Outlays, gross (total) 1,052 1,181 1,188
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120 Federal sources –19 –14 –14
4121 Interest on Federal securities –17 –18 –18
4123 Non-Federal sources –1,131 –1,159 –1,159



4130 Offsets against gross budget authority and outlays (total) –1,167 –1,191 –1,191
Additional offsets against gross budget authority only:
4140 Change in uncollected pymts, Fed sources, unexpired 1
4170 Outlays, net (mandatory) –115 –10 –3
4180 Budget authority, net (total)
4190 Outlays, net (total) –115 –10 –3

Memorandum (non-add) entries:
5000 Total investments, SOY: Federal securities: Par value 1,983 2,090 2,114
5001 Total investments, EOY: Federal securities: Par value 2,090 2,114 2,139
5010 Total investments, SOY: non-Fed securities: Market value 5 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, 2021, the OCC supervised 797 national bank charters, 52 Federal branches of foreign banks, and 269 Federal savings associations. In total, the OCC supervises approximately $14.9 trillion in financial institution assets.

As of September 30, 2021, the net position of the OCC was $1,642.5 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 2021 actual 2022 est. 2023 est.

Reimbursable obligations:
Personnel compensation:
11.1 Full-time permanent 550 580 586
11.3 Other than full-time permanent 4 3 3
11.5 Other personnel compensation 4 4 4



11.9 Total personnel compensation 558 587 593
12.1 Civilian personnel benefits 260 267 269
21.0 Travel and transportation of persons 5 23 23
22.0 Transportation of things 3 3 3
23.2 Rental payments to others 66 66 66
23.3 Communications, utilities, and miscellaneous charges 23 16 16
25.1 Advisory and assistance services 26 40 40
25.2 Other services from non-Federal sources 31 36 36
25.3 Other goods and services from Federal sources 9 9 9
25.4 Operation and maintenance of facilities 6 8 8
25.7 Operation and maintenance of equipment 77 108 108
26.0 Supplies and materials 5 7 7
31.0 Equipment 29 36 36
32.0 Land and structures 13 10 10
42.0 Insurance claims and indemnities 1 1 1



99.0 Reimbursable obligations 1,112 1,217 1,225



99.9 Total new obligations, unexpired accounts 1,112 1,217 1,225

Employment Summary


Identification code 020–8413–0–8–373 2021 actual 2022 est. 2023 est.

2001 Reimbursable civilian full-time equivalent employment 3,491 3,555 3,555

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 2021 actual 2022 est. 2023 est.

Obligations by program activity:
0001 Interest on Treasury Debt Securities 562,388 561,817 576,776



0900 Total new obligations, unexpired accounts (object class 43.0) 562,388 561,817 576,776

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 562,388 561,817 576,776
1930 Total budgetary resources available 562,388 561,817 576,776

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 562,388 561,817 576,776
3020 Outlays (gross) –562,388 –561,817 –576,776

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 562,388 561,817 576,776
Outlays, gross:
4100 Outlays from new mandatory authority 562,388 561,817 576,776
4180 Budget authority, net (total) 562,388 561,817 576,776
4190 Outlays, net (total) 562,388 561,817 576,776

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 2021 actual 2022 est. 2023 est.

4180 Budget authority, net (total) –5
4190 Outlays, net (total) –5

General and Administrative Provisions

GENERAL FUND RECEIPT ACCOUNTS

(in millions of dollars)


2021 actual 2022 est. 2023 est.

Governmental receipts:
010–086400 Filing Fees, P.L. 109–171, Title X 39 39 39
020–015800 Transportation Fuels Tax –6,036 –4,692 –2,427
020–015800 Transportation Fuels Tax: Legislative proposal, subject to PAYGO 5
020–065000 Deposit of Earnings, Federal Reserve System 100,054 107,749 75,625
020–085000 Registration, Filing, and Transaction Fees 4 4 4
020–086900 Fees for Legal and Judicial Services, not Otherwise Classified 34 34 34
020–089100 Miscellaneous Fees for Regulatory and Judicial Services, not Otherwise Classified 629 615 615
020–101000 Fines, Penalties, and Forfeitures, Agricultural Laws 3 3 3
020–104000 Fines, Penalties, and Forfeitures, Customs, Commerce, and Antitrust Laws 649 3,115 3,115
020–105000 Fines, Penalties, and Forfeitures, Narcotic Prohibition and Alcohol Laws 10 34 34
020–106000 Forfeitures of Unclaimed Money and Property 34 24 24
020–108000 Fines, Penalties, and Forfeitures, Federal Coal Mine Health and Safety Laws 34 40 40
020–109600 Penalties on Employers Who Do not Offer Health Coverage or Delay Eligibility for New Employees 170 217
020–241100 User Fees for IRS 3 3 3
020–249200 Premiums, Terrorism Risk Insurance Program 38
020–309400 Recovery from Airport and Airway Trust Fund for Refunds of Taxes 13 18 19
020–309500 Recovery from Leaking Underground Storage Tank Trust Fund for Refunds of Taxes, EPA 7 6 6
020–309990 Refunds of Moneys Erroneously Received and Recovered (20X1807) –17 –17 –17
021–103000 Fines, Penalties, and Forfeitures, Immigration and Labor Laws 172 184 184
050–085015 Registration, Filing, and Transaction Fees, SEC 783 825 846
220–109900 Fines, Penalties, and Forfeitures, not Otherwise Classified 5,588 4,514 4,674
901–011050 Individual Income Taxes 2,044,132 2,257,051 2,305,216
901–011050 Individual Income Taxes: Legislative proposal, not subject to PAYGO –21
901–011050 Individual Income Taxes: Legislative proposal, subject to PAYGO 6,124 39,794
999–011100 Corporation Income and Excess Profits Taxes 371,831 382,560 411,806
999–011100 Corporation Income and Excess Profits Taxes: Legislative proposal, not subject to PAYGO –7
999–011100 Corporation Income and Excess Profits Taxes: Legislative proposal, subject to PAYGO 89,113
901–015250 Other Federal Fund Excise Taxes –320 1,843 1,918
901–015250 Other Federal Fund Excise Taxes: Legislative proposal, subject to PAYGO 16
999–015300 Estate and Gift Taxes 27,140 25,742 24,802
999–015300 Estate and Gift Taxes: Legislative proposal, subject to PAYGO 625
901–015500 Tobacco Excise Tax 12,136 11,549 11,732
901–015600 Alcohol Excise Tax 10,274 10,598 10,751
901–015700 Telephone Excise Tax 321 235 191
901–015913 Fee on Health Insurance Providers 206
901–015914 Tax on Indoor Tanning Services 70 64 59
901–015915 Excise Tax on Medical Device Manufacturers –3
901–031050 Other Federal Fund Customs Duties 52,558 62,832 35,701
General Fund Governmental receipts 2,620,348 2,871,266 3,014,777

Offsetting receipts from the public:
020–129900 Gifts to the United States, not Otherwise Classified 3 3 3
020–143500 General Fund Proprietary Interest Receipts, not Otherwise Classified 2 2 2
020–145000 Interest Payments from States, Cash Management Improvement 25 32 32
020–146310 Interest on Quota in International Monetary Fund 22 22 22
020–146320 Interest on Loans to International Monetary Fund 1 1 1
020–149900 Interest Received from Credit Financing Accounts 47,401 51,726 45,903
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 4,930 5,606 5,906
020–267710 Community Development Financial Institutions Fund, Negative Subsidies 3
020–269130 Economic Stabilization, Downward Reestimates of Subsidies 14,030 4,415
020–276330 Community Development Financial Institutions Fund, Downward Re-estimate of Subsidies 10 17
020–278430 Small Business Lending Fund Direct Loans, Downward Reestimates of Subsidies 1 5
020–279030 GSE Mortgage-backed Securities Direct Loans, Downward Reestimates of Subsidies 173 140
020–279230 Troubled Asset Relief Program, Downward Reestimates of Subsidies 4 4
020–289700 Proceeds, Air Carrier Equity Related Transactions 220 145 145
020–322000 All Other General Fund Proprietary Receipts 571 485 485
020–387500 Budget Clearing Account (suspense) –466
086–289100 Proceeds, Grants for Emergency Mortgage Relief Derived from Emergency Homeowners' Relief Fund 2 2 2
General Fund Offsetting receipts from the public 66,940 62,605 52,501

Intragovernmental payments:
020–133800 Interest on Loans to the Presidio 2 2 2
020–135100 Interest on Loans to BPA 147 149 151
020–136000 Interest on Loans to Western Area Power Administration 2 3 7
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 13 49 104
020–141500 Interest on Loans to Federal Deposit Insurance Corporation 9 51
020–141800 Interest on Loans to Federal Financing Bank 1,810 2,045 2,168
020–143300 Interest on Loans to National Flood Insurance Fund, DHS 357 289 322
020–149500 Interest Payments on Repayable Advances to the Black Lung Disability Trust Fund 95 105 128
020–149700 Payment of Interest on Advances to the Railroad Retirement Board 100 92 109
020–150110 Interest on Loans or Advances to the Extended Unemployment Compensation Account 117 210 150
020–150120 Interest on Loans and Repayable Advances to the Federal Unemployment Account 981 810 520
020–241600 Charges for Administrative Expenses of Social Security Act As Amended 770 854 890
020–310100 Recoveries from Federal Agencies for Settlement of Claims for Contract Disputes 55 55 55
020–311200 Reimbursement from Federal Agencies for Payments Made As a Result of Discriminatory Conduct 56 56 56
020–388500 Undistributed Intragovernmental Payments and Receivables from Cancelled Accounts 659



General Fund Intragovernmental payments 5,165 4,729 4,714

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 2023 until the enactment of the Intelligence Authorization Act for Fiscal Year 2023.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. 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. 121. During fiscal year 2023—

(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. 122.

(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. 123. 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. 124. 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 18 months or that extends beyond the date on which the Special Inspector General terminates under subsection (k).".SEC. 125. Not to exceed 5 percent of any appropriation made available in this Act for the Department of the Treasury may be transferred to the Department's information technology system modernization and working capital fund (IT WCF), as authorized by section 1077(b)(1) of title X of division A of the National Defense Authorization Act for Fiscal Year 2018, for the purposes specified in section 1077(b)(3) of such Act, upon the prior notification of the Committees on Appropriations of the House of Representatives and the Senate: Provided, That amounts transferred to the IT WCF under this section shall remain available for obligation through September 30, 2026.

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 2023, 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 2023 from appropriations made available for salaries and expenses for fiscal year 2023 in this Act, shall remain available through September 30, 2024, 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.