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1 S. 2276, GAO-IG Act 1 (June 21, 2018)

handle is hein.congrec/gaoig0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 21, 2018 S. 2276 GAO-IG Act As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on June 13, 2018 S. 2276 would amend federal law to require all agencies to report on the status of any Government Accountability Office (GAO) and Office of Inspector General (IG) recommendations concerning their agencies in annual budget justification documents. That report would include information on the status of implementing each recommendation and an explanation of why any recommendations have not been implemented. GAO spent approximately $600 million dollars in 2017 to investigate how the federal government spends its funds and produced more than 1,400 recommendations to improve government operations. In addition, more than 70 federal IGs spend about $2.5 billion a year to detect and deter fraud, waste, and abuse. In fiscal year 2016, IGs produced over 5,000 audit, investigation, and evaluation reports. CBO is not aware of any comprehensive information on the status of the recommendations those offices issue. However, information from GAO and IGs indicates that some agencies track which of their recommendations have not been implemented. CBO expects, however, that additional administrative work would be necessary to report on all open recommendations. Based on the type and scope of the necessary work, CBO estimates that implementing the bill would require 15 percent of the time of one employee and cost around $20,000 per agency each year. That spending would be subject to the availability of appropriated funds and would amount to $5 million over the 2019-2023 period. Enacting S. 2276 could affect direct spending by agencies that are not funded through annual appropriations; therefore, pay-as-you-go procedures apply. CBO estimates, however, that any net increase in spending by those agencies would be negligible. Enacting the bill would not affect revenues. CBO estimates that enacting S. 2276 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029.

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