S. 1550 would amend federal law with the aim to improve program and project management in the federal government. The legislation would establish a council to be the primary interagency forum for 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 2017-2021 period; such spending would be subject to the availability of appropriated funds. Enacting S. 1550 could affect direct spending by agencies not funded by annual appropriations; therefore, pay-as-you-go procedures apply. CBO estimates, however, that any net changes in direct spending by those agencies would be negligible. Enacting the legislation would not affect revenues.
CBO estimates that enacting S. 1550 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027.
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.
