S. 1563 would authorize appropriations for the Department of Energy (DOE) to develop technologies to lower the cost of recovering rare earth elements and other materials from coal and coal byproducts.
Assuming appropriation of the authorized amounts, CBO estimates that implementing S. 1563 would cost $60 million over the 2018-2023 period. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
CBO estimates that enacting S. 1563 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029.
S. 1563 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.
