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1 1 (November 1, 2017)

handle is hein.congrec/cbo3852 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE November 1, 2017 S. 1872 TSA Modernization Act As ordered reported by the Senate Committee on Commerce, Science, and Transportation on October 4, 2017 SUMMARY S. 1872 would authorize gross appropriations totaling $24 billion over the 2018-2020 period for activities of the Transportation Security Administration (TSA), which is responsible for the security of all modes of public transportation in the United States. Assuming appropriation of the authorized amounts as well as collections of certain fees that would offset a portion of the agency's costs, CBO estimates that implementing S. 1872 would, on net, cost $16.2 billion over the 2018-2022 period. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting S. 1872 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. S. 1872 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. 1872 is shown in the following table. The costs of this legislation fall within budget function 400 (transportation).

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