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1 S. 1439, Maritime Administration Authorization and Enhancement Act of 2019, as Ordered Reported by the Senate Committee on Commerce, Science, and Transportation on May 15, 2019 1 (November 20, 2019)

handle is hein.congrec/cbomrtaz0001 and id is 1 raw text is: 




j   Congressional Budget Office

        Cost Estimate


November 20, 2019


By Fiscal Year, Millions of Dollars      2020                2020=2024               2020-2029

Direct Spending (Outlays)                   *                        1                       2


Revenues


0


0


0


Increase in the Deficit


The bill would
  * Reauthorize and amend programs administered by the Maritime Administration (MARAD)
  * Modify the federal reimbursement process for salvaging maritime cargo
  * Codify requirements for a port operations and research grant program
  * Establish the Strategic Seaport Readiness Infrastructure Development Fund
  * Establish an interagency working group and increase international cooperation efforts to combat illegal,
     unreported, and unregulated fishing

Estimated budgetary effects would primarily stem from
  * Authorizing appropriations for MARAD programs and related activities for fiscal year 2020

Areas of significant uncertainty include
  * Identifying the likelihood of or extent to which the Department of Defense would contribute to the Strategic
     Seaport Fund
  * Evaluating the feasibility of salvaging sunken warships and estimating the value of commodities that could be
     recovered

                               Detailed estimate begins on the next page.







                   See also CBO's Cost Estimates Explained, wwwcbo.gov/publication/54437;
  How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbogov/publication/42904.

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