Budgetary Impact Analysis for Executive Order Entitled “White House Initiative to Promote Excellence and Innovation at Historically Black Colleges and Universities”
Statement from OMB Director Mick Mulvaney:
This executive order establishes a White House Initiative on Historically Black Colleges and Universities (Initiative) and the President’s Board of Advisors on Historically Black Colleges and Universities. Implementing this executive order would have a de minimis impact on costs and revenues to the Federal Government. The benefits of this executive order include allowing the Initiative to better function throughout all Federal agencies by creating an Executive Director housed in the Executive Office of the President, and by directing agencies to create plans to strengthen the capacity of HBCUs to participate in applicable federal programs. Implementing this executive order would have a de minimis impact on mandatory and discretionary obligations and outlays, as well as on revenues to the Federal Government, in the 5-fiscal year period beginning in fiscal year 2017. The agencies anticipated to be impacted by this executive order include the Department of Education, the Executive Office of the President, and those agencies designated by the Executive Director of the Initiative to prepare an annual plan and participate in the Interagency Working Group.