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H.R. 2227, MGT Act 1 (May 12, 2017)

handle is hein.congrec/cbo3555 and id is 1 raw text is: ab CONGRESSIONAL BUDGET OFFICE COST ESTIMATE May 12, 2017 H.R. 2227 MGT Act As ordered reported by the House Committee on Oversight and Government Reform on May 2, 2017 SUMMARY H.R. 2227 would establish new budget accounts to fund efforts to modernize government information technology (IT) systems. The new accounts would include a working capital fund for each major federal agency that would be used to retire and replace older IT systems (legacy systems) and a single government-wide technology and modernization fund to update federal IT systems and make them more secure. H.R. 2227 also would establish a board of managers to oversee, evaluate, and monitor federal IT spending. Finally, H.R. 2227 would authorize the appropriation of $250 million in each of fiscal years 2018 and 2019 to cover the costs of complying with the bill. CBO estimates that implementing this legislation would cost $500 million over the 2017-2022 period, assuming appropriation of the specified amounts. CBO estimates that enacting H.R. 2227 would not affect direct spending or revenues; therefore pay-as-you- go procedures do not apply. CBO estimates that enacting H.R. 2227 would not increase net direct spending or on- budget deficits in any of the four consecutive 10-year periods beginning in 2028. H.R. 2227 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. 2227 are shown in the following table. The costs of this legislation fall within all budget functions that include IT spending.

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