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H.R. 1735, Community Empowerment for Mitigated Properties Act of 2017 1 (August 16, 2017)

handle is hein.congrec/cbo3678 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE August 16, 2017 H.R. 1735 Community Empowerment for Mitigated Properties Act of 2017 As ordered reported by the House Committee on Transportation and Infrastructure on July 27, 2017 H.R. 1735 would require the Federal Emergency Management Agency (FEMA) to update its guidance on acquiring property for open space as a disaster mitigation measure. Under current law, FEMA provides grants to states and localities to buy structures (and the underlying land) that are at risk of severe flooding. FEMA most recently issued guidance for this process in 2007. Based on the cost of creating similar guidance, CBO estimates that implementing H.R. 1735 would have no significant effect on the federal budget. Enacting H.R. 1735 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting H.R. 1679 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. H.R. 1679 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments. The CBO staff contact for this estimate is Robert Reese. The estimate was approved by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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