S. 2273, Wyoming Education Trust Modernization Act

April 30, 2026

Cost Estimate

As ordered reported by the Senate Committee on Energy and Natural Resources on December 17, 2025

S. 2273, Wyoming Education Trust Modernization Act As ordered reported by the Senate Committee on Energy and Natural Resources on December 17, 2025
By Fiscal Year, Millions of Dollars		2026	2026-2031	2026-2036
Direct Spending (Outlays)		0	0	0
Revenues		0	0	0
Increase or Decrease (-) in the Deficit		0	0	0
Spending Subject to Appropriation (Outlays)		0	0	0
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2037?	No	Statutory pay-as-you-go procedures apply?		No
	No	Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2037?	No	Contains intergovernmental mandate?		No
	No	Contains private-sector mandate?		No

S. 2273 would amend the 1890 act that admitted Wyoming as the 44th state to provide the state’s education trust fund with greater investment flexibility by allowing it to invest in assets other than bonds, including equities and other non-interest-bearing assets. Because the bill would affect only the State of Wyoming, CBO estimates that enacting S. 2273 would have no effect on the federal budget.

The CBO staff contact for this estimate is David Rafferty. The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.

Phillip L. Swagel Director, Congressional Budget Office

Phillip L. Swagel

Director, Congressional Budget Office