H.R. 5503 would authorize the appropriation of funds for activities of the National Aeronautics and Space Administration (NASA) and would provide direction on those activities. CBO estimates that implementing the bill would cost $21.1 billion over the 2019-2023 period, assuming appropriation of the authorized amounts.
Enacting H.R. 5503 would affect direct spending by extending NASA’s authority to enter into enhanced-use lease agreements. Therefore, pay-as-you-go procedures apply. CBO expects NASA would use that extension to enter into agreements with third parties to construct and renovate energy production, launch, and other specialized facilities. CBO estimates that enacting the bill would increase direct spending by $25 million over the 2019-2028 period. The bill would not affect revenues.
CBO estimates that enacting H.R. 5503 would not increase net direct spending by more than $2.5 billion or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2029.
H.R. 5503 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA).