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1 1 (2019)

handle is hein.congrec/cbodriftn0001 and id is 1 raw text is: 4 Congressional Budget Office Cost Estimate June 19, 2019 By Fiscal Year, Millions of Dollars 2019 2019-2024 2019-2029 Direct Spending (Outlays) 0 * * Revenues Deficit Effect 0 0 * * S. 906 would require the National Oceanic and Atmospheric Administration (NOAA) to conduct a transition program to facilitate the phaseout of large-scale driftnet fishing. The bill would authorize NOAA to provide grants to operators of driftnet fishing vessels with federal permits. Those grants would cover the cost of permits, the forfeiture of existing fishing gear, and the acquisition of alternative new fishing gear. The bill also would allow NOAA to implement fees on charter vessels that harvest Pacific halibut in certain parts of the northern Pacific Ocean. According to NOAA, 56 vessels currently have driftnet fishing permits. CBO expects that most but not all of those vessels would apply for the grants authorized by S. 906. Using information from NOAA about the expected costs to reimburse fishers for the forfeited fishing gear and to purchase alternate gear, CBO estimates that implementing S. 906 would cost $4 million over the 2019-2024 period. Such spending would be subject to availability of appropriated funds. Enacting S. 906 also could affect revenues and associated direct spending because the bill would authorize NOAA to levy additional fees on certain charter vessels that harvest Pacific halibut. Those fees would be classified as revenues and could be spent without further appropriation to fund halibut conservation and research, administrative costs for the Recreational Quota Entity program, and to buy halibut quota shares from the International Pacific Halibut Commission. See also CBO's Cost Estimates Explained, www,cbo.gov/pubication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www cbo~govipublicationi42904.

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