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S. 304, Motor Vehicle Safety Whistleblower Act 1 (March 9, 2015)

handle is hein.congrec/cbo2096 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE March 9, 2015 S. 304 Motor Vehicle Safety Whistleblower Act As ordered reported by the Senate Committee on Commerce, Science, and Transportation on February 26, 2015 SUMMARY S. 304 would award a portion of penalties levied on certain companies that manufacture motor vehicles or parts to individuals who provide information that leads to the imposition of those penalties (those individuals are known as whistleblowers). Based on information from the National Highway Traffic Safety Administration (NHTSA), CBO estimates that in any one year, the effect of enacting S. 304 would likely be small, but that over the 2015-2025 period, enacting S. 304 would increase direct spending by $3 million. Because enacting the legislation would affect direct spending, pay-as-you-go procedures apply. Enacting the legislation would not affect revenues. S. 304 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. ESIMATED COST TO THE FEDERAL GOVERNMENT CBO estimates that enacting S. 304 would increase direct spending by less than $500,000 each year and by $3 million over the 2015-2025 period. The costs of this legislation fall within budget function 400 (transportation). BASIS OF ESTIMATE S. 304 would authorize the Secretary of Transportation at his discretion, to award to a whistleblower up to 30 percent of any civil penalty that exceeds $1 million and is collected from a company that manufactures motor vehicles or parts with serious defects or that violates certain safety laws. Information from NHTSA indicates that, since 2010, the average penalty levied for violations of vehicle safety laws was about $10 million. Information from whistleblowers has rarely been used to impose those penalties according to NHTSA.

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