S. 607 would authorize the Bureau of Indian Affairs (BIA) to award grants to eligible public and private organizations for the purpose of providing physical workspaces and other resources to Native American entrepreneurs and businesses. The bill would authorize the appropriation of $5 million annually over the 2018-2023 period.
CBO estimates that implementing S. 607 would cost $18 million over the 2018-2022 period, assuming appropriation of the authorized amounts. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028.
S. 607 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would benefit tribal governments.
