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H.R. 3136, Advancing Competency-Based Education Demonstration Project Act of 2014 1 (July 15, 2014)

handle is hein.congrec/cbo1774 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE
COST ESTIMATE
July 15, 2014
H.R. 3136
Advancing Competency-Based Education
Demonstration Project Act of 2014
As ordered reported by the House Committee on Education and the Workforce
on July 10, 2014
H.R. 3136 would reserve $1 million from funding for the Department of Education to
authorize the Secretary to select up to 20 eligible entities to participate in demonstration
projects related to competency-based education. Competency-based education focuses on
measuring student achievement through an assessment of a student's knowledge and
skills rather than by the completion of clock or credit hours.
CBO estimates that implementing H.R. 3136 would require $1 million for administrative
costs for the department over the 2015-2019 period, assuming the availability of
appropriated funds.
Additionally, CBO projects that enacting the bill could affect direct spending for student
loans and Pell grants; therefore, pay-as-you-go procedures apply. However, CBO
estimates that any direct spending effects would be insignificant for each year and over
the 2015-2024 period. Enacting the bill would have no effect on revenues.
H.R. 3136 contains no intergovernmental or private-sector mandates as defined in the
Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal
governments.
The CBO staff contact for this estimate is Justin Humphrey. This estimate was approved
by Peter H. Fontaine, Assistant Director for Budget Analysis.

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