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1 H.R. 2907, Planning for American Energy Act of 2017 1 (2017)

handle is hein.congrec/plameng3921 and id is 1 raw text is: 





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CONGRESSIONAL BUDGET OFFICE
           COST ESTIMATE


November  13, 2017


H.R. 2907 would require the Secretary of the Interior, every four years, to prepare an
onshore energy production strategy for developing resources owned by the federal
government. As part of that strategy, the Secretary would be directed to establish
production objectives for oil, natural gas, coal, oil shale, and certain other minerals, as
well as energy from wind, solar, biomass, hydropower, and geothermal resources. Based
on an analysis of information provided by the Department of the Interior about the cost of
similar reports, CBO estimates that developing the initial four-year strategy and
commencing  work on the subsequent strategy would cost $7 million over the 2018-2022
period, assuming appropriation of the necessary amounts.

Enacting H.R. 2907 would not affect direct spending or revenues; therefore, pay-as-you-
go procedures do not apply.

CBO  estimates that enacting H.R. 2907 would not increase net direct spending or
on-budget deficits in any of the four consecutive 10-year periods beginning in 2028.

H.R. 2907 contains no intergovernmental or private-sector mandates as defined in the
Unfunded Mandates Reform  Act.

The CBO  staff contact for this estimate is Jeff LaFave. The estimate was approved by
H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.


                       H.R.   2907
       Planning  for American   Energy   Act of 2017

As ordered reported by the House Committee on Natural Resources
                    on November  8, 2017

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