Congressional Budget Office Cost Estimate: S. 2135, Identifying and Eliminating Wasteful Programs Act [open pdf - 155KB]
From the Document: "S. 2135 would require the Office of Management and Budget to provide guidance to federal agencies for identifying programs and activities for elimination or consolidation, within the current budget process. The federal government currently reviews different ways to reduce, eliminate, or manage the overlap and duplication within its agencies. Because of that ongoing activity, CBO [Congressional Budget Office] expects that implementing the bill would not significantly increase or reduce federal spending over the 2022-2027 period. Additionally, CBO estimates that the administrative costs to implement the bill would be less than $500,000 over the same period. Any effect on spending would be subject to future appropriation action."
Congressional Budget Office: http://www.cbo.gov/