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1 1 (2019)

handle is hein.congrec/cbosecd0001 and id is 1 raw text is: Congressional Budget Office \ Cost Estimate June 19, 2019 By Fiscal Year, Millions of Dollars 2019 2019-2024 2019-2029 Direct Spending (Outlays) 0 0 0 Revenues Deficit Effect 0 0 0 0 0 0 The bill would * Require the Securities and Exchange Commission (SEC) to test the usability of proposed and currently mandated disclosures that financial professionals such as broker-dealers and investment advisors are required to provide to retail investors * Raise the cost of an existing mandate on private entities required to pay assessments to the SEC Estimated budgetary effects would primarily stem from * Hiring full time employees and contractors to test the usability of more than 100 proposed and currently mandated disclosures Detailed estimate begins on the next page. 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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