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S. 2777, Surface Transportation Board Reauthorization Act of 2014 1 (October 31, 2014)

handle is hein.congrec/cbo1979 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE October 31, 2014 S. 2777 Surface Transportation Board Reauthorization Act of 2014 As ordered reported by the Senate Committee on Commerce, Science, and Transportation on September 17, 2014 SUMMARY S. 2777 would authorize the programs of the Surface Transportation Board (STB), establish the STB as an independent government agency outside the auspices of the Department of Transportation (DOT), and authorize other changes in the agency's operations. Based on information from the DOT, CBO estimates that implementing the bill would cost $164 million over the 2015-2019 period, assuming the appropriation of the amounts authorized and estimated to be necessary. Enacting S. 2777 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. S. 2777 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of S. 2777 is shown in the following table. The costs of this legislation fall within budget function 400 (transportation).

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