News Column

H.R. 2687, National Aeronautics and Space Administration Authorization Act of 2013

February 18, 2014



WASHINGTON, Feb. 18 -- The Congressional Budget Office issued the following document:

H.R. 2687 would authorize the appropriation of about $16.9 billion for 2015 for activities of the National Aeronautics and Space Administration (NASA). The bill would also authorize an amount for 2014 that is roughly the same as the recent 2014 appropriation for NASA.

Assuming appropriation of the authorized and necessary amounts, CBO estimates that implementing H.R. 2687 would cost about $16.8 billion over the 2014-2019 period. (That figure excludes the effects of funding already enacted for 2014.)

CBO estimates that enacting H.R. 2687 would increase direct spending by $2.5 billion over the 2014-2024 period for the costs of certain existing contracts. Because the legislation would increase direct spending, pay-as-you-go procedures apply. Enacting the legislation would not affect revenues.

read complete document (pdf, 36 kb)http://www.cbo.gov/sites/default/files/cbofiles/attachments/hr2687.pdf

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Source: Targeted News Service


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