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S. 1886, Coordinated Ocean Monitoring and Research Act 1 (April 12, 2016)

handle is hein.congrec/cbo2872 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE April 12, 2016 S. 1886 Coordinated Ocean Monitoring and Research Act As ordered reported by the Senate Committee on Commerce, Science, and Transportation on December 9, 2015 SUMMARY S. 1886 would reauthorize the Integrated Coastal and Ocean Observation System Act. The bill also would modify existing reporting and planning requirements under the Federal Ocean Acidification Research and Monitoring Act. Based on information provided by the National Oceanic and Atmospheric Administration (NOAA), CBO estimates that implementing S. 1886 would cost $91 million over the 2017-2021 period, assuming appropriation of the necessary amounts. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027. S. 1886 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of S. 1886 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment). O

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