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H.R. 5640, Electricity Storage Innovation Act 1 (August 8, 2016)

handle is hein.congrec/cbo3107 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE August 8, 2016 H.R. 5640 would authorize the appropriation of $150 million annually over the 2017-2020 period for the Department of Energy to perform basic research on electric energy storage. Assuming appropriation of the authorized amounts, CBO estimates that implementing H.R. 5640 would cost $579 million over the 2017-2021 period. Pay-as-you-go procedures do not apply to this legislation because enacting it would not affect direct spending or revenues. CBO estimates that enacting H.R. 5640 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027. H.R. 5640 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of H.R. 5640 is shown in the following table. The costs of this legislation fall within budget function 250 (general science, space, technology). By Fiscal Year, in Millions of Dollars 2017- 2017 2018 2019 2020 2021 2021 INCREASES IN SPENDING SUBJECT TO APPROPRIATION Authorization Level 150 150 150 150 0 600 Estimated Outlays 83 128 150 150 68 579 H.R. 5640 Electricity Storage Innovation Act As passed by the U.S. House of Representatives on July 11, 2016

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