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1 H.R. 4299, Data Preservation Act of 2020, as Ordered Reported by the House Committee on Natural Resources on July 29, 2020 1 (October 30, 2020)

handle is hein.congrec/cbodprsv0001 and id is 1 raw text is: Congressional Budget Office Cost Estimate By Fiscal Year, Millions at Dollars Direct Spending (Outlays) Revenues Increase or Decrease (-) in the Deficit 2021 2020-2025 0 0 0 October 30, 2020 2020-2030 0 0 0 0 0 0 H.R. 4299 would authorize the appropriation of $30 million annually over the 2020-2024 period for the United States Geological Survey to implement the National Geological and Geospatial Data Preservation Program. In 2020, $2 million was allocated to that program. For this estimate, CBO assumes that H.R. 4299 will be enacted near the start of fiscal year 2021. Using historical spending patterns for the program, CBO estimates implementing H.R. 4299 would cost $115 million over the 2021-2025 period and $3 million after 2025. The costs of the legislation, detailed in Table 1, fall within budget function 300 (natural resources and environment). By Fiscal Year, Millions of Dollars 2021 2022 2023 2024 Authorization' Estimated Outlays 28 22 30 27 30 30 30 30 2025 0 6 a. H.R. 4299 would authorize the appropriation of $30 million annually through 2024 for the United States Geological Survey (USGS) to implement the National Geological and Geospatial Data Preservation Program. In 2020, USGS allocated $2 million for those purposes. Because CBO estimates the budgetary effects under continuing resolutions on an annualized basis, in 2021 CBO assumes that the same amount will be available under the current continuing resolution (Public Law 116-159). As a result, CBO estimates that the bill would authorize an increase in spending subject to appropriation in 2021 of $28 million, the difference between the authorized amount and the annualized amount provided under the continuing resolution. The CBO staff contact for this estimate is Robert Reese. The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis. See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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