Congressional Budget Office Cost Estimate: H.R. 4465, Federally Funded Research and Technology Development Protection Act   [open pdf - 156KB]

This is the Congressional Budget Office Cost Estimate [CBO] as ordered reported by the House Committee on Oversight and Reform on July 20, 2021. From the Document: "H.R. 4465 would require federal grant-making agencies to guard against attempts by foreign governments to gain access to information developed through federally funded research programs. Specifically, the bill would direct the Office of Management and Budget to develop measures to help agencies prevent foreign governments from recruiting people or entities to share such information. National Security Presidential Memorandum 33, issued on January 14, 2021, identifies actions federal agencies should take to strengthen protections against foreign government interference and exploitation in research. Other guidance, released in January 2022, standardizes policies to secure research activities throughout the government. On that basis, CBO expects that implementing H.R. 4465 would not significantly increase agencies' administrative expenses. Thus, CBO estimates that implementing H.R. 4465 would have no significant cost over the 2022-2026 period."

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