H.R. 981, RARE Act of 2013

Cost Estimate
May 28, 2013

As ordered reported by the House Committee on Natural Resources on May 15, 2013

H.R. 981 would authorize the appropriation of $10 million for the United States Geological Survey to conduct a global assessment of rare earth elements (a group of elements that are rarely found in high concentrations). Assuming appropriation of the authorized amounts, CBO estimates that implementing the legislation would cost $10 million over the 2014-2016 period.

Enacting H.R. 981 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.

H.R. 981 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.