H.R. 10 would amend and reauthorize the Scholarships for Opportunity and Results Act and would authorize the appropriation of $60 million for each of fiscal years 2017 through 2021. CBO estimates that enacting H.R. 10 would cost $240 million over the 2017-2020 period, assuming appropriation of the authorized amounts.
Enacting H.R. 10 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply to this legislation.
CBO estimates that enacting H.R. 10 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2026.
H.R. 10 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. Any costs incurred by the District of Columbia would be incurred voluntarily and would result from complying with conditions of assistance.
