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1 S. 1857, a Bill to Establish a Compliance Deadline of May 15, 2023, for Step 2 Emissions Standards for New Residential Wood Heaters, New Residential Hydronic Heaters, and Forced-Air Furnaces 1 (September 27, 2018)

handle is hein.congrec/cbobecdhy0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE U COST ESTIMATE September 27, 2018 S. 1857 A bill to establish a compliance deadline of May 15, 2023, for Step 2 emissions standards for new residential wood heaters, new residential hydronic heaters, and forced-air furnaces As reported by the Senate Committee on Environment and Public Works on September 18, 2018 S. 1857 would delay the deadline for industry to comply with the Environmental Protection Agency's (EPA's) performance standards for new residential wood heaters, hydronic heaters, and forced-air furnaces from 2020 until 2023. Using information from EPA about its current activities related to implementing the regulations, CBO estimates that enacting the legislation would not have a significant effect on the agency's workload or spending. CBO expects that extending the deadline would result in more resources being spent on assistance with compliance than on enforcement. Enacting S. 1857 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting S. 1857 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029. S. 1857 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. On December 21, 2017, CBO transmitted a cost estimate for H.R. 453, the Relief from New Source Performance Standards Act of 2017, as ordered reported by the House Committee on Energy and Commerce on December 6, 2017. The two pieces of legislation are similar, and CBO's estimates of their budgetary effects are the same. The CBO staff contact for this estimate is Jon Sperl. The estimate was reviewed by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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