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S. 607, Native American Business Incubators Program Act 1 (April 21, 2017)

handle is hein.congrec/cbo3442 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE April 21, 2017 S. 607 Native American Business Incubators Program Act As ordered reported by the Senate Committee on Indian Affairs on March 29, 2017 SUMMARY S. 607 would authorize the Bureau of Indian Affairs (BIA) to award grants to eligible public and private organizations for the purpose of providing physical workspaces and other resources to Native American entrepreneurs and businesses. The bill would authorize the appropriation of $5 million annually over the 2018-2023 period. CBO estimates that implementing S. 607 would cost $18 million over the 2018-2022 period, assuming appropriation of the authorized amounts. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. S. 607 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would benefit tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of S. 607 is shown in the following table. The costs of this legislation fall within budget function 450 (community and regional development). By Fiscal Year, in Millions of Dollars 2017- 2017 2018 2019 2020 2021 2022 2022 INCREASES IN SPENDING SUBJECT TO APPROPRIATION Authorization Level 0 5 5 5 5 5 25 Estimated Outlays 0 1 3 4 5 5 18 C-n r 0Kf~aW

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