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1 S. 3484, GREAT Act 1 (October 19, 2018)

handle is hein.congrec/cbogreat0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE a COST ESTIMATE October 19, 2018 S. 3484 GREAT Act As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on September 26, 2018 SUMMARY S. 3484 aims to make information about federal grant programs more easily accessible and transparent. The bill would authorize the Office of Management and Budget (OMB) to designate an executive agency to establish data standards for all government reporting on such programs. CBO estimates that implementing S. 3484 would cost $50 million over the 2019-2023 period, assuming appropriation of the necessary funds. Enacting S. 3484 could affect direct spending by agencies that are authorized to use receipts from the sale of goods, fees, and other collections to cover operating costs. Therefore, pay-as-you-go procedures apply. Because most agencies can adjust the amounts collected as operating costs change, CBO estimates that any net changes in direct spending by those agencies would be negligible. Enacting the bill would not affect revenues. CBO estimates that enacting S. 3484 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029. S. 3484 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 S. 3484 is shown in the following table. The costs of the legislation fall within all budget functions that contain salaries and expenses for grant programs.

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