CBO Scores American Innovation and Competitiveness Act

The American Innovation and Competitiveness Act (S. 3084) would amend current law and authorize the appropriation of about $17.3 billion over the 2017-2018 period for the operations of the National Science Foundation (NSF) and the National Institute of Standards and Technology (NIST).

Assuming appropriation of the specified and estimated amounts, CBO estimates that implementing the legislation would cost $16.4 billion over the 2017-2021 period and $0.9 billion after 2021. CBO also estimates that enacting S. 3084 would increase direct spending by $25 million over the 2017-2026 period because enacting the legislation would authorize NIST to enter into enhanced-use leasing arrangements. Because enacting the bill would increase direct spending, pay-as-you-go procedures apply. Enacting S. 3084 would not affect revenues. CBO estimates that enacting S. 3084 would not increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2027. S. 3084 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.