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H.R. 5547, CEDS Act (CBO Report for Congress)

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Congress 117th
Date Requested Oct. 27, 2021
Requested By House Committee on Transportation and Infrastructure
Date Sent Feb. 7, 2022
Description:
H.R. 5547 would require applicants for grants administered by the Economic Development Administration (EDA) to include information about the accessibility of affordable, quality childcare, in addition to other considerations, when they submit an economic development strategy. The bill also would require EDA to report to the Congress on the outcomes of economic adjustment assistance administered by the agency that was funded by the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act, Public Law 116–136). Using information provided by the EDA about the costs of similar activities, CBO estimates that it would cost less than $500,000 to issue guidance to grant applicants and to prepare the required report; such spending would be subject to the availability of appropriated funds.

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