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CBO: Veterans Small Business Enhancement Act of 2015 Would Cost $1M to Implement

budget analysis reviewThe Congressional Budget Office has said a proposed Senate bill that would give the Small Business Administration chief the authority to oversee the distribution of surplus government property to veteran-owned small businesses would cost $1 million to implement from 2016 to 2020.

The Veterans Small Business Enhancement Act of 2015 would also require SBA to hire an additional employee who will help facilitate coordination with the General Services Administration and manage the distribution of excess property, CBO said in a report published Friday.

CBO said the proposed legislation could lessen offsetting receipts from sales of surplus property and increase competition for such property if enacted but added those effects would be insubstantial and would not affect the volume of such property.

The agency noted the bill lacks private sector or intergovernmental mandates based on the Unfunded Mandates Reform Act.

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