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H.R. 2518, Coast Guard Authorization Act of 2017 1 (June 23, 2017)

handle is hein.congrec/cbo3640 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 23, 2017 H.R. 2518 Coast Guard Authorization Act of 2017 As ordered reported by the House Committee on Transportation and Infrastructure on May 24, 2017 SUMMARY H.R. 2518 would authorize appropriations totaling $19.0 billion over the 2018-2019 period for ongoing activities of the Coast Guard (USCG). Assuming appropriation of the specified amounts, CBO estimates that implementing the legislation would cost $18.3 billion over the 2018-2022 period. The bill also would authorize the Secretary of Homeland Security to enter into a cooperative agreement with a nonfederal entity to establish, sustain, and operate a system to provide positioning, navigation, and timing (PNT) services as a backup and complement to the existing Global Positioning System (GPS). CBO estimates that enacting that provision would increase net direct spending by $121 million over the 2018-2027 period. Enacting the bill also would affect revenues, but CBO estimates that those changes would be insignificant. Because enacting the bill would affect direct spending and revenues, pay-as-you-go procedures apply. CBO estimates that enacting H.R. 2518 would not increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2028. H.R. 2518 would impose intergovernmental and private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). CBO estimates that the cost of the mandates would fall below the annual thresholds established in UMRA ($78 million for intergovernmental mandates and $156 million for private-sector mandates, respectively, in 2017, adjusted annually for inflation). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 2518 is shown in the following table. The costs of this legislation fall within budget functions 400 (transportation), 300 (natural resources and environment), and 950 (undistributed offsetting receipts).

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