H.R 3068 would authorize the appropriation of $25 million for each year from 2020 through 2024 for grants to support training programs for those seeking careers in the offshore wind industry. The Secretary of the Interior could award the grants to intuitions of higher learning and labor organizations for various purposes, including basic and occupational training, retraining, certification programs, and other forms of assistance.
Based on historical spending patterns for similar programs, CBO estimates that implementing H.R. 3068 would cost $116 million over the 2020-2025 period, and $9 million after 2025, assuming the appropriation of the authorized amounts. The estimated costs, detailed in Table 1, fall within budget function 300 (natural resources and the environment).