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1 S. 3143, National Quantum Initiative Act 1 (August 20, 2018)

handle is hein.congrec/cbontlqita0001 and id is 1 raw text is: a WM. CONGRESSIONAL BUDGET OFFICE COST ESTIMATE August 20, 2018 S. 3143 National Quantum Initiative Act As ordered reported by the Senate Committee on Commerce, Science, and Transportation on August 1, 2018 SUMMARY S. 3143 would establish an office and a program to advance research in quantum information science and technology applications. The bill would authorize appropriations for the National Institute of Standards and Technology (NIST) and the National Science Foundation (NSF) to carry out related activities. CBO estimates that implementing S. 3143 would cost $450 million over the 2019-2023 period, assuming appropriation of the authorized and necessary amounts. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting S. 3143 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029. S. 3143 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. 3143 is shown in the following table. The costs of the legislation fall within budget functions 250 (science, space, and technology) and 370 (commerce and housing credit).

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