Congressional Budget Office Cost Estimate: S. 2964, GAO Mandates Revision Act of 2016   [open pdf - 96KB]

This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 25, 2016. From the Document: "The Congress often requires that the Government Accountability Office (GAO) perform an annual examination of a program, agency, or other federal activity. S. 2964 would modify or repeal 10 of those activities. Based on information from GAO, CBO estimates that implementing the legislation would reduce discretionary costs by about $1 million over the 2017-2021 period; any such reductions would be subject to future appropriations actions consistent with the provisions of this bill. GAO has an annual budget of more than $500 million and prepares hundreds of products for the Congress each year. CBO expects that implementing S. 2964 would not have a significant effect on the agency's overall workload. Enacting S. 2964 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting S. 2964 would not increase direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027. S. 2964 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would not affect the budgets of state, local, or tribal governments."

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