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1 1 (October 23, 2017)

handle is hein.congrec/cbo3806 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE October 23, 2017 H.R. 3279 Helium Extraction Act of 2017 As ordered reported by the House Committee on Natural Resources on July 26, 2017 SUMMARY H.R. 3279 would allow firms to retain federal oil and gas leases that would otherwise expire for the purpose of extracting helium. Based on information provided by the Bureau of Land Management (BLM) and firms operating in the mineral extraction industry, CBO estimates that enacting the bill would increase offsetting receipts, which are treated as reductions in direct spending, by $9 million over the 2018-2027 period. Because enacting the bill would affect direct spending, pay-as-you procedures apply. Enacting the bill would not affect revenues. CBO estimates that enacting H.R. 3279 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. H.R. 3279 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 H.R. 3279 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment). By Fiscal Year, in Millions of Dollars 2018- 2018- 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2022 2027 DECREASES IN DIRECT SPENDING Estimated Budget Authority * -1 -1 -1 -1 -1 -1 -1 -1 -1 -4 -9 Estimated Outlays * -1 -1 -1 -1 -1 -1 -1 -1 -1 -4 -9 Note: * = between -$500,000 and zero.

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