H.R. 964 would amend the Presidential Transition Act of 1963. Specifically, the legislation would update existing laws regarding presidential transition teams and security clearances, financial disclosures, and ethics.
Using information from the General Services Administration and the Office of Government Ethics, CBO expects that most of the costs for those activities would not be covered by the federal government but instead would be paid for from private donations. Thus, CBO estimates that the federal cost to implement the bill would be insignificant.