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1 H.R. 1399 American Soda Ash Competitiveness Act 1 (2017)

handle is hein.congrec/asodshc3914 and id is 1 raw text is: ab' CONGRESSIONAL BUDGET OFFICE COST ESTIMATE December 8, 2017 H.R. 1399 American Soda Ash Competitiveness Act As ordered reported by the House Committee on Natural Resources on June 27, 2017 SUMMARY H.R. 1399 would require the Department of the Interior (DOI) to charge a 2 percent royalty on the value of sodium compounds and related products produced on federal lands for a five-year period following enactment.' Under current law, the royalty rate is about 6 percent. About half of the royalties collected by the federal government are paid to the states where the minerals are produced. Thus, enacting the bill would reduce both offsetting receipts, which would have the effect of increasing direct spending, and the subsequent payments to states stemming from those royalties. CBO estimates that enacting H.R. 1399 would increase net direct spending by $50 million over the 2018-2027 period. Because the bill would affect direct spending pay-as-you-go procedures apply. Enacting the bill would not affect revenues. Enacting H.R. 1399 would not increase net direct spending or on-budget deficits by more than $2.5 billion in any of the four consecutive 10-year periods beginning in 2028. H.R. 1399 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 impact of H.R. 1399 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment). 1. Sodium compounds and related products include soda ash, anhydrous sodium sulfite, borax-decahydrate, borax- pentahydrate, boric acid, sodium bi-carbonate, sodium bisulfite, sodium sesquicarbonate, sulfide, and trona. Over the 2012-2016 period, soda ash accounted for 87 percent of the total production of those minerals.

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