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S. 1116, Indian Community Economic Enhancement Act of 2017 1 (June 22, 2017)

handle is hein.congrec/cbo3653 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 22, 2017 S. 1116 Indian Community Economic Enhancement Act of 2017 As ordered reported by the Senate Committee on Indian Affairs on May 17, 2017 SUMMARY S. 1116 would amend the Native American Business Development, Trade Promotion, and Tourism Act of 2000 to authorize appropriations to reorganize the Office of Native American Business Development (ONABD) within the Department of Commerce (DOC). That office would be required to serve as the liaison between DOC and Indian tribes. The bill also would authorize appropriations for the Department of Health and Human Services (HHS) to provide development assistance to Native American communities. Finally, the bill would require other federal agencies to coordinate and implement initiatives to encourage investment in Indian businesses. CBO estimates that implementing S. 1116 would cost $139 million over the 2018-2022 period, assuming appropriation of the authorized and necessary amounts. Enacting S. 1116 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. 1116 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of S. 1116 is shown in the following table. The costs of this legislation fall within budget function 450 (community and regional development) and function 500 (education, training, employment, and social services).

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