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1 S. 381, National Ocean Exploration Act, as Ordered Reported by the Senate Committee on Commerce, Science, and Transportation on April 28, 2021 1 (June 10, 2021)

handle is hein.congrec/cbonoexa0001 and id is 1 raw text is: Congressional Budget Office Cost Estimate siy rascai year, Mrv n or uowars Direct Spending (Outlays) Revenues In reas or Decrase in the Deficit 202' 2-202 * June 10, 2021 22120 31 * 0 * 0 0 * * S. 381 would amend several ocean mapping and exploration programs administered by the National Oceanic and Atmospheric Administration (NOAA). The bill would authorize the appropriation of specific amounts for those programs over the 2021-2026 period. Because specific amounts are already authorized or appropriated under current law, CBO's estimate of the budgetary effects is based on the difference between the amounts in the bill and those specified in the law. In total, the bill would authorize the appropriation, on net, of $1.4 billion for the following programs: $317 million for the Ocean Exploration and Research program, $268 million for the Ocean and Coastal Mapping program, and $813 million for multiple programs related to hydrographic surveying (the measurement and description of features that affect maritime navigation). In 2021, NOAA allocated $77 million for similar purposes. Using historical spending patterns for similar activities, CBO estimates that implementing S. 381 would cost about $1.1 billion over the 2021-2026 period and about $300 million after 2026, assuming appropriation of the authorized amounts. S. 381 also would repeal the Undersea Research Program Act of 2009 and would codify the activities of the National Ocean Mapping, Exploration, and Characterization Council; the See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/4294.

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