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S. 1425, Coordinated Ocean Monitoring and Research Act 1 (August 29, 2017)

handle is hein.congrec/cbo3742 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE August 29, 2017 S. 1425 Coordinated Ocean Monitoring and Research Act As ordered reported by the Senate Committee on Commerce, Science, and Transportation on August 2, 2017 SUMMARY S. 1425 would reauthorize and amend the Integrated Coastal and Ocean Observation System Act. The bill also would modify existing reporting and planning requirements under the Federal Ocean Acidification Research and Monitoring Act. Based on information provided by the National Oceanic and Atmospheric Administration (NOAA), CBO estimates that implementing S. 1425 would cost $71 million over the 2018-2022 period, assuming appropriation of the necessary amounts. Enacting S. 1425 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting the bill would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. S. 1425 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. 1425 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment).

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