Hello, Guest.!

CBO: House Bill Authorizes $1.1B NIST Fiscal Year 2019 Appropriation

1 min read

The National Institute of Standards and Technology will receive a $1.1 billion appropriation for fiscal year 2019 after the House’s authorization of bill H.R. 6229.

The House Committee on Science, Space and Technology announced on June 27 the approval of the NIST Reauthorization Act of 2018, the Congressional Budget Office said Monday.

H.R. 6229 includes specific initiatives for the agency’s execution and does not involve intergovernmental or private-sector orders defined by the Unfunded Mandates Reform Act.

The pay-as-you-go procedure for revenues and direct spending is not required for the reauthorization.

Estimates from CBO note that the $1.1 billion implementation cost will cover the period from 2019 to 2023 and the enactment of the bill will not affect the direct spending and on-budget deficits in the four subsequent 10-year periods from 2029.

NIST, which supports the development of technologies, sciences and standards to facilitate U.S. industrial competitiveness, received $1.2 billion in 2018.

Leave a Reply

Your email address will not be published.