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S. 1468, Revitalize American Manufacturing and Innovation Act of 2014 1 (June 6, 2014)

handle is hein.congrec/cbo1700 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 6, 2014 S. 1468 Revitalize American Manufacturing and Innovation Act of 2014 As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 9, 2014 SUMMARY S. 1468 would establish the Network for Manufacturing Innovation Program (NMIP) within the National Institute of Standards and Technology (NIST). Under the program, NIST would award grants to establish a network of centers of innovation to improve the competitiveness of domestic manufacturers. The bill also would require several studies by the Government Accountability Office (GAO) and other agencies as well as the development of a strategic plan for advanced manufacturing. CBO estimates that implementing S. 1468 would cost $265 million over the 2015-2019 period, assuming appropriation of the necessary amounts. Enacting S. 1468 could affect direct spending; therefore, pay-as-you-go procedures apply. CBO estimates, however, that such effects would be insignificant. Enacting S. 1468 would not affect revenues. S. 1468 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. 1468 is shown in the following table. The costs of this legislation fall within budget function 370 (commerce and housing credit).

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