Congressional Budget Office Cost Estimate: H.R. 4361: Federal Information Systems Safeguards Act of 2016 [open pdf - 91KB]
"The Federal Information Security Management Act (FISMA) provides a comprehensive framework to protect government information operations against threats. H.R. 4361 would clarify that, under FISMA, federal agencies have the sole and exclusive authority to take appropriate and timely actions to secure their information technology and information systems. CBO [Congressional Budget Office] estimates that while implementing H.R. 4361 would clarify Congressional intent, it would have no significant effect on the federal budget because it would not expand the duties of executive agencies. Because enacting the bill could affect direct spending by agencies not funded through annual appropriations, pay-as-you-go procedures apply. CBO estimates, however, that any net change in spending by those agencies would be negligible. Enacting H.R. 4361 would not affect revenues."
Congressional Budget Office: http://www.cbo.gov/