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H.R. 6004, MGT Act 1 (December 1, 2016)

handle is hein.congrec/cbo3271 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE Revised December 1, 2016 H.R. 6004 MGT Act As passed by the U.S. House of Representatives on September 22, 2016 SUMMARY H.R. 6004 would establish new budget accounts to fund efforts to modernize government information technology (IT) systems. New accounts would include a working capital fund at each major agency that would be used to retire and replace older IT systems and a single government-wide technology and modernization fund to update federal IT systems and make them more secure. H.R. 6004 also would establish a board of managers to oversee, evaluate, make recommendations, and monitor federal IT spending. CBO estimates that implementing this legislation would cost $9 billion over the 2017-2021 period, assuming appropriation of the necessary amounts. CBO also estimates that enacting H.R. 6004 would increase direct spending by $3 billion over the 2017-2019 period because it would allow agencies to spend previously appropriated funds that would otherwise lapse. Because enacting the legislation would increase direct spending, pay-as-you-go procedures apply. Enacting H.R. 6004 would not affect revenues. CBO estimates that enacting H.R. 6004 would not increase net direct spending or on- budget deficits in any of the four consecutive 10-year periods beginning in 2027. H.R. 6004 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 effects of H.R. 6004 are shown in the following table. The costs of this legislation fall within all budget functions that contain government IT spending.

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