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cost estimate
April 10, 2012
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As ordered reported by the Senate Committee on Indian Affairs on October 20, 2011
S. 1262 would amend various laws governing Native American educational activities implemented by the Department of the Interior (DOI) and the Department of Education (ED). Assuming the appropriation of necessary funds, CBO estimates that implementing S. 1262 would cost $4.0 billion over the 2012-2017 period.
In addition, CBO estimates that enacting S. 1262 would have a negligible impact on direct spending. The staff of the Joint Committee on Taxation (JCT) estimates that the legislation would reduce federal revenues by $8 million over the 2012-2022 period. Pay-as-you-go procedures apply because enacting the legislation would affect direct spending and revenues.
CBO has reviewed the nontax provisions of S. 1262 and determined they contain no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. The staff of the JCT determined that the tax provisions of S. 1262 contain no intergovernmental or private-sector mandates as defined in UMRA.