S. 645 would direct the Department of Commerce (DOC) to assess and analyze the contributions of the digital economy to the economy of the United States and produce a report every two years. The analysis would include the effect of digital-enabling infrastructure, broadband, e-commerce, and digital media.
Using information from the Bureau of Economic Analysis (BEA) and the National Telecommunications and Information Administration, CBO estimates that implementing S. 645 would cost $2 million over the 2019-2023 period for the BEA to coordinate with several federal agencies and produce the required analysis and reports; such spending would be subject to the availability of appropriated funds.
Enacting S. 645 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
CBO estimates that enacting S. 645 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029.
S. 645 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.
