H.R. 6450 would authorize the appropriation of $14 million for fiscal years 2022 and 2023 for the Service Corps of Retired Executives (SCORE) program. The SCORE program engages volunteers to provide business mentoring and training to existing and prospective small business owners. It is administered by the nonprofit SCORE Association, which receives federal funding from the Small Business Administration (SBA). The act would require the SBA to conduct an annual financial examination of the SCORE Association, review and approve contracts entered into by the association, and report to the Congress annually on the performance and effectiveness of the SCORE program.
CBO assumes that the legislation will be enacted near the end of 2022 and that no additional appropriations will be made for the SCORE program in 2022 because the SBA already allocated $14 million for the program in that year. Assuming appropriation of the authorized amount in 2023, and based on historical spending patterns, CBO estimates that implementing the legislation would cost $14 million over the 2023-2027 period.