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S. 385, Energy Savings and Industrial Competitiveness Act (CBO Report for Congress)

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Congress 115th
Date Requested May 10, 2017
Requested By the Senate Committee on Energy and Natural Resources
Date Sent June 20, 2017
Description:

S. 385 would amend current law and authorize appropriations for a variety of activities and programs related to energy efficiency. The bill would require federal agencies that guarantee mortgages to consider whether homes with energy-efficient improvements would affect borrowers’ ability to repay mortgages. The bill also would modify certain energy-related goals and requirements for federal agencies.

 

CBO estimates that enacting S. 385 would increase direct spending by $17 million over the 2017-2027 period; therefore, pay-as-you-go procedures apply. Enacting the bill would not affect revenues. In addition, CBO estimates that implementing the legislation would cost $198 million over the next five years, assuming appropriation actions consistent with the legislation.

 

CBO estimates that enacting S. 385 would not increase on-budget deficits or net direct spending by more than $5 billion in any of the four consecutive 10-year periods beginning in 2028.

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