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H.R. 3050, Enhancing State Energy Security Planning and Emergency Preparedness Act of 2017 1 (July 17, 2017)

handle is hein.congrec/cbo3610 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE a COST ESTIMATE July 17, 2017 H.R. 3050 Enhancing State Energy Security Planning and Emergency Preparedness Act of 2017 As ordered reported by the House Committee on Energy and Commerce on June 28, 2017 SUMMARY H.R. 3050 would authorize the appropriation of $90 million in each of fiscal years 2018 through 2022 for the Department of Energy (DOE) to provide financial and technical assistance to states for purposes of developing and implementing plans related to energy conservation. The bill would require that states' plans specify strategies for safeguarding energy-related infrastructure from physical and cybersecurity threats, mitigating the risk of disruptions to the supply of energy, and ensuring energy reliability. Assuming appropriation of the authorized amounts, CBO estimates that implementing H.R. 3050 would cost $302 million over the 2018-2022 period; the remainder would spend in years after 2022. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting H.R. 3050 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. H.R. 3050 contains no intergovernmental private-sector mandates as defined in the Unfunded Mandate 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 H.R. 3050 is shown in the following table. The costs of this legislation fall within budget function 270 (energy).

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