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H.R. 3179, Empowering Students Through Enhanced Financial Counseling Act (CBO Report for Congress)

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Congress 114th
Date Requested June 22, 2016
Requested By House Committee on Education and the Workforce
Date Sent July 5, 2016
Description:

H.R. 3179 would reserve $2 million from funding for the Department of Education to change the requirements for counseling students who participate in the federal student aid programs, such as federal student loans and Pell grants, and to study the effectiveness of that counseling.

CBO estimates that implementing H.R. 3179 would cost $2 million for the department’s administrative expenses over the 2017-2021 period; such spending would be subject to the availability of appropriated funds.

Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.

CBO estimates that enacting H.R. 3179 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027.

H.R. 3179 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.

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