S. 1687 would require the Small Business Administration (SBA) to establish a certification program for employees of small business development centers (SBDCs) to assist small businesses on cyber security planning.
The bill would authorize the SBA to spend up to $350,000 each year to reimburse SBDCs for certification costs. On that basis, CBO estimates that implementing S. 1687 would cost $2 million over the 2022-2027 period to fund certification programs at 62 lead SBDCs. Any spending would be subject to the availability of appropriated funds.
On February 23, 2022, CBO transmitted a cost estimate for H.R. 4515, the Small Business Development Center Cyber Training Act of 2021, as passed by the House of Representatives on November 2, 2021. The two versions of the legislation are similar and CBO’s estimates of their budgetary effects are the same.