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S. 2917, Commodity End-User Relief Act 1 (July 5, 2016)

handle is hein.congrec/cbo2985 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 5, 2016 S. 2917 Commodity End-User Relief Act As reported by the Senate Committee on Agriculture, Nutrition, and Forestry on May 10, 2016 SUMMARY S. 2917 would authorize appropriations for the Commodity Futures Trading Commission (CFTC) through fiscal year 2019 and would make changes to some of the agency's operating procedures and regulatory requirements. CBO estimates that implementing S. 2917 would cost $784 million over the 2017-2021 period, assuming appropriation of the necessary amounts. Pay-as-you-go procedures apply because enacting S. 2917 would affect direct spending; however, CBO estimates that those effects would not be significant. Enacting S. 2917 would not affect revenues. CBO estimates that enacting S. 2917 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027. S. 2917 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of S. 2917 is shown in the following table. The costs of this legislation fall within budget function 370 (commerce and housing credit). By Fiscal Year, in Millions of Dollars 2017- 2017 2018 2019 2020 2021 2021 INCREASES IN SPENDING SUBJECT TO APPROPRIATION Estimated Authorization Level 258 266 275 0 0 799 Estimated Outlays 230 260 269 25 0 784 ab

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