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S. 958, Small Business Fairness Act 1 (June 9, 2015)

handle is hein.congrec/cbo2262 and id is 1 raw text is: Cb CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 9, 2015 SUMMARY S. 958 would amend the Small Business Act to allow small businesses to join together to submit bids for federal contracts. The Small Business Administration (SBA) would have one year to issue regulations to implement this authority. CBO estimates that implementing S. 958 would increase the administrative costs of federal agencies by $25 million over the 2016-2020 period, assuming the availability of appropriated funds. Enacting S. 958 could affect direct spending by some agencies (such as the Tennessee Valley Authority) because they are authorized to use receipts from the sale of goods, fees, and other collections to cover their operating costs. Therefore, pay-as- you-go procedures apply. Because most of those agencies can make adjustments to the amounts collected as operating costs change, CBO estimates that any net changes in direct spending by those agencies would not be significant. Enacting the bill would not affect revenues. S. 958 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 S. 958 is shown in the following table. The costs of this legislation would fall within budget functions 050 (national defense), 800 (general government) and all other budget functions that include administrative costs for procurement. S. 958 Small Business Fairness Act As ordered reported by the Senate Committee on Small Business and Entrepreneurship on April 23, 2015

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