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S. 756, Save Our Seas Act of 2017 1 (May 2, 2017)

handle is hein.congrec/cbo3429 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE May 2, 2017 S. 756 Save Our Seas Act of 2017 As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 5, 2017 SUMMARY S. 756 would reauthorize and amend the Marine Debris Research, Prevention, and Reduction Act. The bill would authorize the appropriation of $10 million annually over the 2018-2022 period for the National Oceanic and Atmospheric Administration (NOAA), in coordination with other agencies, to carry out activities to reduce the amount of debris in oceans and coastal areas, and $2 million annually for the Coast Guard (USCG) to better enforce laws related to discarded refuse from ships. CBO estimates that implementing S. 756 would cost $46 million over the 2018-2022 period, assuming appropriation of the authorized amounts. Enacting S. 756 would affect direct spending because it would authorize NOAA to collect and spend funds received from nonfederal entities; therefore, pay-as-you-go procedures apply. However, CBO estimates that the bill's net effect on direct spending would be negligible. Enacting S. 756 would not affect revenues. 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 2028. S. 756 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. 756 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment).

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