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1 1 (July 24, 2019)

handle is hein.congrec/rareearth0001 and id is 1 raw text is: Congressional Budget Office ' 7Cost Estimate July 24, 2019 By Fiscal Year, Millions of Dollars 2019 2019-2024 2019-2029 Direct Spending (Outlays) Revenues Increase or Decrease (-) in the Deficit 0 0 0 0 0 0 0 0 0 S. 1052 would authorize the appropriation of $23 million annually over the 2020-2027 period for the Department of Energy (DOE) to develop advanced technologies to extract rare earth elements and minerals from coal and coal byproducts. In 2019, DOE allocated $18 million for such activities. The bill also would direct DOE to submit a report to the Congress on the development of such technologies. Based on historical spending patterns for similar activities, and assuming appropriation of the authorized amounts, CBO estimates that implementing S. 1052 would cost $66 million over the 2019-2024 period and $165 million over the 2019-2029 period. The costs of the legislation (detailed in Table 1) fall within budget function 270 (energy). By Fiscal Year, Millions of Dollars 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Authorization Estimated Outlays 0 0 23 3 23 9 23 15 23 18 23 21 23 22 23 22 23 22 0 20 0 13 The CBO staff contact for this estimate is Janani Shankaran. The estimate was reviewed by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis. See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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