S. 1271, Foreign Aid Transparency and Accountability Act of 2013

Cost Estimate
January 9, 2014

As reported by the Senate Committee on Foreign Relations on December 20, 2013

S. 1271 would require federal agencies to administer, monitor, and evaluate foreign assistance programs based on guidelines that would be issued by the President and to publish detailed information about those programs on a website. It also would authorize annual appropriations for those activities equal to no more than 5 percent of each foreign assistance program’s budget for those purposes. CBO estimates that implementing the bill would have discretionary costs of almost $2.4 billion over the 2014-2019 period, assuming appropriation of the necessary amounts. Pay-as-you-go procedures do not apply to this legislation because it would not affect direct spending or revenues.