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S. 1275, Revitalizing the Economy of Fisheries in the Pacific Act 1 (September 8, 2014)

handle is hein.congrec/cbo1852 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE September 8, 2014 S. 1275 Revitalizing the Economy of Fisheries in the Pacific Act As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 9, 2014 SUMMARY S. 1275 would direct the Secretary of Commerce, upon an affirmative vote in a referendum, to amend the terms for repayment of an advance made by the government in 2003 to buy back fishing permits in the Pacific Coast fishery for groundfish. The bill also would set a new limit on fees that are assessed on members of the affected fishery to repay the advance. CBO estimates that implementing S. 1275 would increase direct spending by $7 million over the 2015-2024 period; therefore, pay-as-you-go procedures apply. CBO estimates that implementing S. 1275 would have an insignificant effect on spending subject to appropriation; enacting the bill would not affect revenues. S. 1275 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 effect of S. 1275 is shown in the following table. The costs of this legislation fall within budget function 370 (commerce and housing credit). By Fiscal Year, in Millions of Dollars 2015- 2015- 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2019 2024 CHANGES IN DIRECT SPENDING Estimated Budget Authority Estimated Outlays a 7 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7 7 0 7 7

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