Learn More About Working at CBO and the Agency’s Career Opportunities
cost estimate
July 12, 2012
read complete document (pdf, 23 kb)
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on June 29, 2012
S. 3315 would reduce the number of reviews and audits conducted by the Government Accountability Office (GAO) for eight specified activities. The Congress often requires that the GAO perform an annual examination of a program, agency, or other federal activity. S. 3315 would modify or repeal a small number of the reviews and audits GAO is required to perform.
CBO estimates that implementing the legislation would have no significant impact on the federal budget. GAO has an annual budget of more than $500 million and prepares hundreds of products for the Congress each year. CBO expects that implementing S. 3315 would not significantly decrease the agency’s current workload. Any reduction in the agency’s annual cost from implementing S. 3315 would depend on the amounts provided to GAO in future appropriation bills. Enacting S. 3315 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
S. 3315 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would not affect the budgets of state, local, or tribal governments.