ABSTRACT

Congressional Budget Office Cost Estimate: S. 754, Cybersecurity Information Sharing Act of 2015   [open pdf - 21KB]

"S. 754 would require the government to establish procedures to be followed when information on cyber threats is shared between the government and nonfederal entities. The bill also would require the government to audit the process for sharing information and would require additional reports to the Congress on cyber information sharing. CBO [Congressional Budget Office] anticipates that approximately 20 additional personnel would be needed to administer the program, prepare the required reports and manage the exchange of information. Based on information from the Department of Homeland Security, the Office of Management and Budget, and other cybersecurity experts, CBO estimates that the requirements imposed by S. 754 would cost approximately $20 million over the 2016-2020 period, assuming appropriation of the estimated amounts. The Statutory Pay-As-You-Go Act of 2010 establishes budget-reporting and enforcement procedures for legislation affecting direct spending or revenues. Enacting S. 754 would affect direct spending and revenues because the bill would allow information shared with the government to be used in investigating and prosecuting certain violent crimes. Any additional convictions for such offenses could increase the collection of fines. Criminal fines are recorded as revenues, deposited in the Crime Victims Fund, and later spent. CBO expects that additional revenues and direct spending would not be significant because of the small number of cases likely to be effected."

Publisher:
Date:
2015-04-14
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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