S. 1491, a bill to amend the Energy Independence and Security Act of 2007 to improve United States-Israel energy cooperation, and for other purposes

Cost Estimate
January 22, 2014

As reported by the Senate Committee on Energy and Natural Resources on December 19, 2013

S. 1491 would reauthorize a grant program, administered by the Department of Energy, which supports joint ventures between U.S. and Israeli entities aimed at promoting certain energy-related technologies. CBO estimates that implementing S. 1491 would cost $10 million over the 2015-2019 period, assuming appropriation of the necessary amounts. Because enacting the legislation could affect net direct spending, pay-as-you-go procedures apply; however, CBO estimates that any such effects would be negligible. S. 1491 would not affect revenues.

S. 1491 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.