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H.R. 3479, Natural Hazards Risk Reduction Act of 2011 1 (January 10, 2012)

handle is hein.congrec/cbo10838 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE January 10, 2012 H.R. 3479 Natural Hazards Risk Reduction Act of 2011 As ordered reported by the House Committee on Science, Space, and Technology on December1. 2011 SUMMARY H.R. 3479 would reauthorize federal programs aimed at developing methods to reduce damage caused by earthquakes and windstorms. The bill also would reauthorize an interagency advisory committee to coordinate those programs. Assuming appropriation of the authorized and necessary amounts, CBO estimates that implementing the legislation would cost $285 million over the 2012-2017 period and $10 million after 2017. Enacting H.R. 3479 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. H.R. 3479 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of H.R. 3479 is shown in the following table. The costs of this legislation fall within budget functions 250 (general science, space, and technology), 300 (natural resources and environment), 370 (commerce and housing credit), and 450 (community and regional development). BASIS OF ESTIMATE For this estimate, CBO assumes that H.R. 3479 will be enacted early in 2012 and that the authorized and necessary amounts will be appropriated for each fiscal year. Estimated outlays are based on historical spending patterns for similar activities.

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