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CBO releases cost estimate of “Foreign Aid Transparency and Accountability Act of 2013″

The Congressional Budget Office (CBO) released a cost estimate of the “Foreign Aid Transparency and Accountability Act of 2013” (S. 1271). Introduced by Senators Marco Rubio (R-FL) and Ben Cardin (D-MD) and passed by the Senate Committee on Foreign Relations, the bill would, among other things, establish guidelines for the monitoring and evaluation of U.S. foreign assistance programs and would codify and expand upon the foreign assistance information currently being provided through ForeignAssistance.gov. The 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.”

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