February 27, 2013
As reported by the Senate Committee on Foreign Relations on February 14, 2013
S. 298 would require the Secretary of State to submit to the Congress a comprehensive report on U.S. policy towards North Korea. For the purposes of this estimate, CBO assumes S. 298 would be enacted near the end of fiscal year 2013. Based on information from the department, CBO estimates that implementing the bill would have discretionary costs of less than $500,000 in 2014, assuming the availability of appropriated funds. Enacting S. 298 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
S. 298 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would not affect the budgets of state, local, or tribal governments.