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.