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1 S. 1976, Federal Permitting Reform and Jobs Act 1 (October 11, 2019)

handle is hein.congrec/cbofedpmt0001 and id is 1 raw text is: \ Congressional Budget Office ' 7Cost Estimate October 11, 2019 By Fiscal Year, MVillions of Dollars 2020 2020-2024 2020-2029 Direct Spending (Outlays) Revenues Increase or Decrease (-) in the Deficit * 0 * * * 0 * 0 * S. 1976 would permanently authorize the Federal Permitting Improvement Steering Council (FPISC). The council, whose authorization expires in December 2022, aims to improve the timeliness, predictability, and transparency of the federal review process for nonfederal infrastructure projects that the council may assist. The bill would expand the number of projects that the council may assist, set a goal that the federal permitting process for such projects be completed in two years, clarify the role of the FPISC to resolve disputes among federal agencies, and make technical corrections to the federal permitting process. Finally, the bill would authorize the FPISC to use fees collected by the council from project sponsors to reimburse state, local, and tribal governments for any work they provide to the council. To date, no fees have been collected by the FPISC and CBO has no basis for estimating that fees collected under the bill would be significant. Furthermore, CBO expect that any collections would probably be spent soon after the collection so that the net effect on direct spending would be negligible. The Congress appropriated $6 million for the council in fiscal year 2019. FPISC has requested $7 million for 2020 and $11 million for 2021. Using that information and adjusting those amounts for the proposed additional work required under the bill, CBO estimates that implementing S. 1976 would cost $30 million over the 2020-2024 period. The estimated costs from 2020 through the first quarter of 2023 reflect the additional work that would be See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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