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S. 504, APEC Business Travel Cards Reauthorization Act of 2017 1 (June 14, 2017)

handle is hein.congrec/cbo3637 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 14, 2017 S. 504 APEC Business Travel Cards Reauthorization Act of 2017 As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 17, 2017 The Asia-Pacific Economic Cooperation (APEC) Business Travel Cards Act of 2011 (Public Law 112-54) authorized the Department of Homeland Security (DHS) to issue special cards to eligible U.S. citizens to facilitate international travel to participating countries (mostly in Asia). Under the act, DHS may not issue the cards after September 30, 2018. S. 504 would extend this program permanently. DHS collects a fee of $70 from applicants for the APEC card. These fees are classified in the budget as offsetting receipts (a reduction in direct spending) and are available to DHS to spend without further appropriation. In fiscal year 2016 DHS collected a total of about $1 million in fees. CBO estimates that enacting S. 504 would have no significant net effect on DHS spending because we expect the department would collect and spend roughly the same amounts in future years. Because enacting the bill would affect direct spending, pay-as-you-go procedures apply; however, we estimate that the net effect would be negligible in every year. Enacting the bill would not affect revenues. CBO estimates that enacting S. 504 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. S. 504 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would not affect the budgets of state, local, or tribal governments. The CBO staff contact for this estimate is Mark Grabowicz. The estimate was approved by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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