Immigration Bill Would Cost Billions, CBO Says

Law360, New York (August 22, 2006, 12:00 AM EDT) -- Implementing the Senate’s immigration bill would cost the United States government about $126 billion over the next 10 years, according to a report issued Friday by the Congressional Budget Office.

The bill, which calls for a guest worker program, improved border security and a path to citizenship for most of the country’s 11 million undocumented residents, would increase direct spending by $48 billion and discretionary spending by $78 billion from 2007 to 2016, the report said.

By far the biggest increase in direct spending, or $24.5...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.