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S. 1336, South Pacific Fisheries Convention Implementation Act 1 (June 1, 2015)

handle is hein.congrec/cbo2253 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 1, 2015 S. 1336 South Pacific Fisheries Convention Implementation Act As ordered reported by the Senate Committee on Commerce, Science, and Transportation on May 20, 2015 S. 1336 would implement the Convention on the Conservation and Management of High Seas Fishery Resources in the South Pacific Ocean (Convention). CBO estimates that implementing the legislation would cost less than $500,000 a year over the 2016-2020 period, assuming availability of appropriated amounts. Because enacting the legislation would not affect direct spending or revenues, pay-as-you-go procedures do not apply. Under the bill, all parties to the Convention would be required to apply specific conservation and management principles and approaches to promote the conservation and sustainable use of fisheries resources located in the South Pacific Ocean between South America and Australia. Based on information provided by the National Oceanic and Atmospheric Administration, the U.S. Coast Guard, and the Department of State, CBO estimates that carrying out the new Convention would cost less than $500,000 a year over the 2016-2020 period. Those funds would be used to cover costs for annual dues, staff time, travel, and programmatic activities. CBO has not reviewed S. 1336 for intergovernmental or private-sector mandates. Section 4 of the Unfunded Mandates Reform Act excludes from the application of that act any legislative provisions that are necessary for the ratification or implementation of international treaty obligations. CBO has determined that the bill falls within that exclusion. The CBO staff contacts for this estimate are Jeff LaFave (for federal costs), Jon Sperl (for intergovernmental mandates), and Amy Petz (for private-sector mandates). The estimate was approved by Theresa Gullo, Assistant Director for Budget Analysis.

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