Congressional Budget Office Cost Estimate: S. 3099, Federal Secure Cloud Improvement and Jobs Act of 2021 [open pdf - 167KB]
This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on December 15, 2021. From the Document: "S. 3099 would codify and expand the responsibilities of the Federal Risk and Authorization Management Program (FedRAMP) within the General Services Administration (GSA). The bill would establish a standardized approach to acquiring and using security assessment and cloud-computing products and services. The bill also would establish the Federal Secure Cloud Advisory Committee to examine how the assessment and selection processes could be improved. FedRAMP is currently part of GSA's Federal Citizens Services Fund which provides funds to federal agencies to build capacity for conducting activities electronically. The fund received $55 million in 2021. Using information from GSA regarding the FedRAMP program as well as the cost of other advisory committees, CBO estimates that implementing S. 3099 would cost about $50 million over the 2022-2026 period, assuming appropriation of the estimated amounts."
Congressional Budget Office: http://www.cbo.gov/