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H.R. 23: National Windstorm Impact Reduction Act: Reauthorization of 2015 1 (June 3, 2015)

handle is hein.congrec/cbo2232 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 3, 2015 H.R. 23 National Windstorm Impact Reduction Act Reauthorization of 2015 As ordered reported by the Senate Committee on Commerce, Science, and Transportation on February 26, 2015 SUMMARY H.R. 23 would reauthorize the National Windstorm Impact Reduction Program (NWIRP), which was created to improve the understanding of windstorms and their effects and to develop measures to reduce the damage they cause. The act also would establish an interagency committee to oversee and coordinate activities of federal agencies participating in the program. Under H.R. 23, the committee would be directed to develop a strategic plan that sets goals for the program to mitigate the loss of life and property from future storms. Assuming appropriation of the authorized amounts, CBO estimates that implementing H.R. 23 would cost $42 million over the 2016-2020 period. Pay-as-you-go procedures do not apply because enacting the legislation would not affect direct spending or revenues. H.R. 23 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 H.R. 23 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).

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