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H.R. 2126, Better Buildings Act of 2014 1 (February 20, 2014)

handle is hein.congrec/cbo1504 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE
COST ESTIMATE
February 20, 2014
H.R. 2126
Better Buildings Act of 2014
As ordered reported by the House Committee on Energy and Commerce
on January 28, 2014
H.R. 2126 would amend federal law aimed at improving the energy efficiency of
commercial office buildings. The legislation would require the General Services
Administration (GSA) to develop model leasing provisions to encourage energy efficiency
in privately owned buildings with federal tenants. The bill also would establish a program
similar to the Environmental Protection Agency's Energy Star program to promote energy
efficiency in buildings leased to the federal government. Finally, the bill would require the
Department of Energy (DOE) to prepare a report to the Congress on energy efficiency in
commercial buildings.
Since the 1970s, many laws and policies have been enacted to reduce energy consumption.
According to the GSA, most of the provisions of the bill are broadly consistent with
existing law and practices. As a result, CBO does not expect that enacting H.R. 2126 would
significantly affect agencies' administrative costs or result in significant additional
investments by the federal government in energy savings initiatives. Optimizing the use of
energy conservation measures in buildings leased by the government could eventually
reduce federal spending by lowering occupancy costs, but CBO does not expect agencies
would realize any significant savings from such efforts during the next few years. Enacting
the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures
do not apply.
H.R. 2126 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 Matthew Pickford. This estimate was approved
by Theresa Gullo, Deputy Assistant Director for Budget Analysis.

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