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CBO: House Bill on Cybersecurity Support for Small Businesses Would Cost $1M From 2017 to 2021

cyberThe Congressional Budget Office has said a House bill that would require the Department of Homeland Security and Small Business Administration to create a strategy for small business development centers to provide cybersecurity training and counseling to clients would cost approximately $1 million over five years.

CBO said in a report published Thursday that the Improving Small Business Cyber Security Act of 2016 would not result in the application of pay-as-you-go procedures since its enactment would not impact revenues or direct spending.

According to the report, the proposed legislation would direct the Government Accountability Office to perform a study on federal initiatives that seek to provide cybersecurity support to small businesses and require DHS to share cyber risk information with small companies.

CBO projected the cost of preparing that GAO report would not exceed $500,000.

The passage of the bill would not result in on-budget deficit growth “in any of the four consecutive 10-year periods beginning in 2027” and would not affect local, state and tribal government budgets, CBO added.

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