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1 1 (August 9, 2019)

handle is hein.congrec/globldrs0001 and id is 1 raw text is: 1 Congressional Budget Office F Cost Estimate my riscap Year, win Lons ir uoniars; Direct Spending (Outlays) Revenues Deficit Effect 2019 2019-2024 0 0 0 August 9, 2019 2019-2029 0 0 0 0 0 0 Bill Summary S. 1427 would amend the authorization for Manufacturing USA, a federal grant program administered by the National Institute of Standards and Technology (NIST) that funds a national network of advanced manufacturing institutes. The bill also would eliminate the authority of the Department of Energy (DOE) to transfer appropriated funds to NIST. Finally, the bill would amend the authorization for the Regional Innovation Program administered by the Economic Development Administration (EDA). Federal Costs On net, CBO estimates that the bill would increase authorized appropriations by $15 million over the 2020-2024 period. Assuming appropriation actions consistent with legislative language, CBO estimates that implementing the bill would reduce outlays for those authorizations by $85 million over the same period. The costs of the legislation (as detailed in Table 1) fall within budget function 370 (commerce and housing credit). Current law authorizes the appropriation of $5 million a year through 2024 for NIST to carry out the Manufacturing USA program. S. 1427 would authorize whatever amounts are necessary for that program each year through 2030. The bill would require NIST to implement and enforce more rigorous metrics-based performance standards, carry out new pilot programs, develop best practices for network membership agreements, and perform other activities not required under current law. Using information from the agency, CBO See also CBO's Cost Estimates Explained, www.cbo.gov/publicationi54437; How CBO Prepares Cost Estimates, www.cbo.gov/publicationi53519; and Glossary, www.cbo.gov/publication/42904.

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