Congressional Budget Office Cost Estimate: S. 734, Internet of Things Cybersecurity Improvement Act of 2019 [open pdf - 40KB]
This is the Congressional Budget Office Cost Estimate as ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on June 19, 2019. From the Document: "Under S. 734, the National Institute of Standards and Technology (NIST) would develop guidelines on the appropriate and secure use of Internet of things (IoT) devices by federal agencies and develop minimum information security requirements for agencies to manage security vulnerabilities for those devices. In addition, the Office of Management and Budget (OMB) would promulgate standards for federal IoT devices that are consistent with NIST's standards and guidelines. OMB would review and revise those standards at least once every five years and develop waivers to exclude certain IoT devices. OMB would report to the Congress annually from 2020 through 2025 on the effectiveness of the standards and on the types and number of excluded devices."
Congressional Budget Office: http://www.cbo.gov/