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H.R. 4576, Ensuring Access to Pacific Fisheries Act 1 (September 2, 2016)

handle is hein.congrec/cbo3103 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE September 2, 2016 H.R. 4576 Ensuring Access to Pacific Fisheries Act As ordered reported by the House Committee on Natural Resources July 13, 2016 H.R. 4576 would implement the Conventions on the Conservation and Management of High Seas Fisheries Resources in the North and South Pacific Ocean (Pacific Conventions), which require participating parties to apply specific conservation and management principles and approaches to promote the sustainable use of fisheries located in the North and South Pacific Ocean. The bill also would amend the Northwest Atlantic Fisheries Convention Act to implement an amendment to the Convention on Future Multilateral Cooperation in the Northwest Atlantic Fisheries, which governs the Northwest Atlantic Fisheries Organization (NAFO). That amendment would detail NAFO's objectives; outline general management principles for the Northwest Atlantic Ocean; and describe the duties of all parties to that Convention related to inspections, reports, compliance, and enforcement. Based on information from the National Oceanic and Atmospheric Administration (NOAA), the Coast Guard, and the Department of State, CBO estimates that implementing H.R. 4576 would cost $2.5 million over the 2017-2021 period for annual dues, staff time, travel, and programmatic activities. Such spending would be subject to the availability of appropriated funds. Enacting this legislation could increase revenues and associated direct spending; therefore, pay-as-you-go procedures apply. H.R. 4576 would authorize NOAA to impose a fee of up to 3 percent of the value of resources harvested from fisheries located in areas covered by the Pacific Conventions. Such fees, which would apply to all U.S. fishing boats operating in those areas, would be classified as revenues. The bill also would authorize NOAA to collect civil and criminal fines from anyone who violates the provisions outlined in the bill. Based on information from the agency about the value of resources harvested each year by U.S. vessels from the covered fisheries and the relatively low number of civil and criminal violations likely to occur, CBO estimates any increase in revenues under the bill would not exceed $500,000 in any year. Because such amounts would be partially offset by a corresponding increase in direct spending, CBO estimates that enacting the bill would have a negligible net effect on the deficit.

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