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S. 1356, Workforce Investment Act of 2013 1 (January 15, 2014)

handle is hein.congrec/cbo1462 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE January 15, 2014 S. 1356 Workforce Investment Act of 2013 As ordered reported by the Senate Committee on Health, Education, Labor, and Pensions on July 31, 2013 SUMMARY S. 1356 would revise and reauthorize job training, employment service, adult education and literacy, and rehabilitation programs. Those programs, currently overseen by the Departments of Labor and Education, provide grants to state and local governments as well as to private and nonprofit organizations to provide specified services. Those programs received discretionary funding of $5.5 billion and mandatory funding of $3.1 billion in 2013. Enacting the bill would affect direct spending, but those costs are already assumed to continue in CBO's baseline; therefore, pay-as-you-go procedures do not apply. Enacting the bill would not affect revenues. The bill also would affect discretionary spending. Assuming appropriation of the estimated amounts, CBO estimates that implementing S. 1356 would cost $29.2 billion over the 2014-2019 period. S. 1356 would not impose intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of S. 1356 is shown in the following table. The costs of this legislation fall within budget function 500 (education, employment, training, and social services).

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