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S. 1870, Veterans Entrepreneurial Transition Act of 2015 1 (September 16, 2015)

handle is hein.congrec/cbo2521 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE September 16, 2015 S. 1870 Veterans Entrepreneurial Transition Act of 2015 As ordered reported by the Senate Committee on Small Business and Entrepreneurship on July 29, 2015 SUMMARY S. 1870 would establish a pilot program to provide grants to veterans that would be used to start or acquire a small business. The program would be authorized to award no more than 250 grants during a three-year period. CBO estimates that implementing S. 1870 would cost $80 million over the 2016-2020 period, assuming appropriation of the necessary funds. Pay-as-you-go procedures do not apply to this legislation because enacting the bill would not affect direct spending or revenues. S. 1870 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of S. 1870 is shown in the following table. The costs of this legislation fall within budget function 370 (commerce and housing credit). By Fiscal Year, in Millions of Dollars 2016- 2016 2017 2018 2019 2020 2020 CHANGES IN SPENDING SUBJECT TO APPROPRIATION Estimated Authorization Level * 27 26 26 * 80 Estimated Outlays * 23 26 26 4 80 Notes: Components may not sum to total because of rounding. *= less than $500,000.

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