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H.R. 5, Student Success Act 1 (July 10, 2013)

handle is hein.congrec/cbo11223 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 10, 2013 H.R. 5 Student Success Act As ordered reported by the House Committee on Education and the Workforce on June 19, 2013 SUMMARY H.R. 5 would amend and reauthorize the Elementary and Secondary Education Act of 1965 (the ESEA, commonly referred to, in its most recently reauthorized form, as No Child Left Behind). The underlying authorizations for those programs have expired, although most have received appropriations since their authorizations have expired. This bill would authorize funding through fiscal year 2019 for various grant programs; those authorizations would automatically be extended one year, through 2020, under the General Education Provisions Act. The bill also would amend and reauthorize the McKinney-Vento Homeless Assistance Act, which authorizes grants to assist in the education of homeless children. CBO estimates that H.R. 5 would authorize the appropriation of $22.9 billion in 2014 and $114.3 billion over the 2014-2018 period. Implementing the bill would have discretionary costs of $85.6 billion over the 2014-2018 period, assuming appropriation of the estimated amounts. Enacting the bill would have no effect on direct spending or revenues; therefore, pay-as- you-go procedures do not apply. H.R. 5 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of the bill is shown in the following table. The costs of this legislation fall within budget function 500 (education, training, employment, and social services).

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