S. 4894 would establish Federal Executive Boards to improve collaboration among federal offices outside of Washington D.C. The Office of Personnel Management would oversee the boards, establish a fund for office operations, and require reports on activities. CBO estimates that enacting S. 4894 would have an insignificant effect on direct spending and no effect on revenues over the 2023-2032 period. CBO has not estimated the discretionary costs of implementing the bill. The bill contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.