S. 1550 would amend federal law with the aim to improve program and project management in the federal government. The bill would establish a council to be the primary interagency forum related to program and project management. The legislation also would add additional responsibilities to the Office of Management and Budget (OMB), and require agencies to designate a senior executive as the Program Management Improvement Officer. Finally, S. 1550 would establish standards for program and project management personnel.
CBO estimates that implementing S. 1550 would increase the administrative costs of federal agencies by a total of $20 million over the 2016-2020 period; such spending would be subject to the availability of appropriated funds. Enacting S. 1550 could affect direct spending by some agencies (such as the Tennessee Valley Authority) because they are authorized to use receipts from the sale of goods, fees, and other collections to cover their operating costs. Therefore, pay-as-you-go procedures apply. Because most of those agencies can make adjustments to the amounts collected as operating costs change, CBO estimates that any net changes in direct spending by those agencies would not be significant. Enacting the bill would not affect revenues.
S. 1550 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would not affect the budgets of state, local, or tribal governments.
