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H.R. 6032, SMART IoT Act (CBO Report for Congress)

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Congress 115th
Date Requested July 12, 2018
Requested By House Committee on Energy and Commerce
Date Sent Aug. 13, 2018
Description:
H.R. 6032 would direct the Department of Commerce to study and report on the state of the industry for internet-connected devices. The study would include a survey of industry sectors that develop internet-connected devices, the status of industry-based standards, and a description of the ways entities develop, use, and promote those devices. The study also would include a list of federal agencies with jurisdiction over the industry and all federal and industry-based regulations, guidelines, and policies on internet-connected devices that have been implemented. Finally, the report would include recommendations for growing the economy through advancing internet-connected devices. Using information from the National Telecommunications and Information Administration about the cost of similar efforts, CBO estimates that implementing H.R. 6032 would cost $2 million to conduct the study and issue the report; such spending would be subject to the availability of appropriated funds. Enacting H.R. 6032 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting H.R. 6032 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029. H.R. 6032 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.

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