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       Congressional Budget Office
'   7Cost Estimate


August 16, 2019


By Fiscal Year, Millions of Dollars 2019             2019-2024             2019-2029


Direct Spending (Outlays)

Revenues
Increase or Decrease (-)
in the Deficit


0


0

0


0


0


0

0


0

0


H.R. 3537 would  authorize the Small Business Administration (SBA) to carry out the Boots
to Business (B2B) Program over the 2020-2024 period. The program would provide
entrepreneurship training to members of the Armed Forces (including the National Guard or
Reserves), veterans, and the spouses or dependents of those groups.

Under the bill, SBA would be authorized to make grants to Veteran Business Outreach
Centers and to collaborate with public and private entities to develop training courses. The
bill also would require SBA to share B2B program information with other veterans' agencies
and to submit annual program reports to the Congress.

Based on information from SBA,  CBO  estimates that implementing H.R. 3537 would cost
less than $500,000 over the 2019-2024 period subject to the availability of appropriated
funds. Since 2012, SBA has run a program similar to the one authorized in the bill and
expects to spend around $3.7 million on related activities in fiscal year 2020.

The CBO   staff contact for this estimate is Sofia Guo. The estimate was reviewed by
Theresa A. Gullo, Assistant Director for Budget Analysis.






                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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