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S. 2086, Reliable Home Heating Act 1 (April 18, 2014)

handle is hein.congrec/cbo1614 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE April 18, 2014 S. 2086 Reliable Home Heating Act As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 9, 2014 S. 2086 would require the Federal Motor Carrier Safety Administration (FMCSA) to exempt motor carriers that transport home heating oil from certain federal regulations if the Governor of a state declares a state of emergency caused by a shortage of residential heating fuel. The bill also would require the Energy Information Administration (EIA) to notify states if certain petroleum reserves fall below historical averages. Based on information from the affected agencies, CBO estimates that implementing the bill would have no significant effect on the federal budget. Enacting S. 2086 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. S. 2086 would require FMCSA to exempt commercial motor carriers that transport home heating oil from some federal regulations for up to 90 days in states where the Governor has declared a state of emergency caused by a shortage of residential heating fuel. Under current law, FMCSA may make such exemptions for up to 30 days. The bill also would require FMSCA to complete a rulemaking implementing the new authority and to study the effects of extending the regulatory exemptions. EIA would be required to notify states if certain petroleum reserves fall below the most recent five-year average for more than three consecutive weeks. Based on information from the agencies involved, CBO estimates that implementing the bill would not have any significant costs. S. 2086 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. The CBO staff contact for this estimate is Sarah Puro. The estimate was approved by Peter H. Fontaine, Assistant Director for Budget Analysis.

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