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S. 1315, Knife Owners' Protection Act of 2015 [i] (June 16, 2015)

handle is hein.congrec/cbo2353 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 16, 2015 S. 1315 Knife Owners' Protection Act of 2015 As ordered reported by the Senate Committee on Commerce, Science, and Transportation on May 20, 2015 S. 1315 would allow people to possess knives in states where they are illegal if the person is travelling to and from states where the knife is legal, if the knife is secured, or if the knife is a safety blade designed for cutting seatbelts. Based on information provided by the Department of Justice and the Federal Trade Commission, CBO estimates that implementing S. 1315 would have no effect on the federal budget. Because enacting S. 1315 would not affect direct spending or revenues, pay-as-you-go procedures do not apply. S. 1315 would impose an intergovernmental mandate as defined in the Unfunded Mandates Reform Act (UMRA) by preempting some state and local laws related to possessing and transporting knives. Laws regulating knives vary from state to state. The costs for state and local governments to comply with that mandate would include the cost to change protocols and train law enforcement officers. CBO estimates the total costs for state and local governments would be small and would not exceed the threshold established in UMRA ($77 million in 2015, adjusted annually for inflation). S. 1315 contains no private-sector mandates as defined in UMRA. The CBO staff contacts for this estimate are Mark Grabowicz and Ben Christopher (for federal costs) and Melissa Merrell (for the intergovernmental mandate). The estimate was approved by Theresa Gullo, Assistant Director for Budget Analysis.

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