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H.R. 1387, Scholarships for Opportunity and Results Reauthorization Act 1 (March 27, 2017)

handle is hein.congrec/cbo3385 and id is 1 raw text is: a CONGRESSIONAL BUDGET OFFICE COST ESTIMATE March 27, 2017 H.R. 1387 Scholarships for Opportunity and Results Reauthorization Act As ordered reported by the House Committee on Oversight and Government Reform on March 10, 2017 SUMMARY H.R. 1387 would amend and reauthorize the Scholarships for Opportunity and Results Act and would authorize the appropriation of $60 million annually through fiscal year 2022. CBO estimates that enacting H.R. 1387 would cost $315 million over the 2017-2022 period, assuming appropriation of the authorized amounts. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting H.R. 1387 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. H.R. 1387 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 1387 is shown in the following table. The costs of this legislation fall within budget function 500 (education, training, employment, and social services). By Fiscal Year, in Millions of Dollars 2017- 2017 2018 2019 2020 2021 2022 2022 INCREASES IN SPENDING SUBJECT TO APPROPRIATION Authorization Level 15 60 60 60 60 60 315 Estimated Outlays 15 60 60 60 60 60 315

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