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H.R. 4250, Sunscreen Innovation Act 1 (July 23, 2014)

handle is hein.congrec/cbo1813 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 23, 2014 H.R. 4250 Sunscreen Innovation Act As ordered reported by the House Committee on Energy and Commerce on July 15, 2014 SUMMARY H.R. 4250 would modify the review process that allows the marketing of certain new ingredients in non-prescription sunscreen based on a determination by the Food and Drug Administration (FDA) that they are generally recognized as safe and effective. CBO estimates that implementing H.R. 4250 would cost $28 million over the 2015-2019 period, assuming appropriation of the necessary amounts. H.R. 4250 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. H.R. 4250 contains no intergovernmental mandates as defined in the Unfunded Mandates Reform Act (UMRA). The bill would impose private-sector mandates, as defined in UMRA, because it would allow FDA to require that marketing applications for certain sunscreen products be submitted in a new standardized format. CBO estimates that the direct cost of complying with those requirements would not exceed the annual threshold established by UMRA for private-sector mandates ($152 million in 2014, adjusted annually for inflation). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 4250 is shown in the following table. The costs of this legislation fall within budget function 550 (health). By Fiscal Year, in Millions of Dollars 2015- 2015 2016 2017 2018 2019 2019 CHANGES IN SPENDING SUBJECT TO APPROPRIATION Estimated Authorization Level 4 5 7 7 9 32 Estimated Outlays 3 4 6 7 8 28

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