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H.R. 981, RARE Act of 2013 1 (May 28, 2013)

handle is hein.congrec/cbo11107 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE May 28, 2013 H.R. 981 RARE Act of 2013 As ordered reported by the House Committee on Natural Resources on May 15, 2013 SUMMARY H.R. 981 would authorize the appropriation of $10 million for the United States Geological Survey (USGS) to conduct a global assessment of rare earth elements (a group of elements that are rarely found in high concentrations). Assuming appropriation of the authorized amounts, CBO estimates that implementing the legislation would cost $10 million over the 2014-2016 period. Enacting H.R. 981 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. H.R. 981 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of H.R. 981 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment). By Fiscal Year, in Millions of Dollars 2014- 2014 2015 2016 2017 2018 2018 CHANGES IN SPENDING SUBJECT TO APPROPRIATION Authorization Level 10 0 0 0 0 10 Estimated Outlays 4 4 2 0 0 10

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