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H.R. 5064, Improving Small Business Cyber Security Act of 2016 1 (July 7, 2016)

handle is hein.congrec/cbo3029 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 7, 2016 H.R. 5064 Improving Small Business Cyber Security Act of 2016 As reported by the House Committee on Homeland Security on June 8, 2016 H.R. 5064 would direct the Small Business Administration (SBA) and Department of Homeland Security (DHS) to develop a strategy and methods for small business development centers (SBDC) to provide cyber security counseling, awareness, assistance, and training to their clients. The bill also would direct SBDC's to provide small businesses with access to cyber security specialists to develop security infrastructure, increase awareness, and improve training programs. H.R. 5064 would require the Government Accountability Office (GAO) to conduct a study on current federal programs aimed at assisting small businesses with enhancing cyber security. Finally, H.R. 5064 would authorize DHS, and other federal agencies, to provide information about cyber security risk to small businesses. Based on information from the SBA and DHS about the resources needed to complete those tasks, CBO estimates that implementing H.R. 5064 would cost $1 million over the 2017-2021 period, mostly to complete the strategy and prepare the report; such spending would be subject to the availability of appropriated funds. Based on the cost of similar studies, CBO estimates that the required GAO report would cost less than $500,000. Enacting H.R. 5064 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting H.R. 5064 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027. H.R. 5064 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would not affect the budgets of state, local, or tribal governments. The CBO staff contacts for this estimate are Stephen Rabent and William Ma. The estimate was approved by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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