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S. 2014, Next Generation Researchers Act 1 (August 8, 2016)

handle is hein.congrec/cbo3092 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE August 8, 2016 S. 2014 Next Generation Researchers Act As reported by the Senate Committee on Health, Education, Labor, and Pensions on April 4, 2016 SUMMARY S. 2014 would make several changes to the programs for repaying loans for biomedical or behavioral research at the National Institutes of Health (NIH). The bill also would establish an initiative in the NIH Office of the Director to coordinate programs that are focused on promoting opportunities for new researchers at NIH. CBO estimates that implementing S. 2014 would cost $477 million over the 2017-2021 period, assuming appropriation of the necessary amounts. Enacting S. 2014 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply to the bill. CBO estimates that enacting S. 2014 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027. S. 2014 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 effect of S. 2014 is shown in the following table. The costs of this legislation fall primarily within budget function 550 (health).

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