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1 S. 607, Timely Review of Infrastructure Act, as Reported by the Senate Committee on Energy and Natural Resources on October 22, 2019 1 (November 7, 2019)

handle is hein.congrec/cbotmlyrv0001 and id is 1 raw text is: j Congressional Budget Office Cost Estimate November 7, 2019 By Fiscal Year, Millions of Dollars 2020 202012024 2020-2029 Direct Spending (Outlays) 0 0 0 Revenues Increase in the Deficit 0 0 0 0 0 0 S. 607 would authorize the Federal Energy Regulatory Commission (FERC) to increase the compensation for certain positions if the agency certifies that the compensation under current law is insufficient to retain or attract personnel. The certifications would be valid for five years and could be extended. FERC employees whose work primarily involves using skills related to science, technology, engineering, or mathematics would be eligible for the higher compensation. Currently, the agency has about 400 positions that fit that description. Implementing the bill would increase FERC's costs to the extent that FERC increases employee compensation using the process authorized in S. 607. According to the agency, the annual median salary for petroleum engineers at FERC is about $50,000 less than the annual median salary for petroleum engineers in the Washington, D.C. area. Using the assumptions that the pay gap is similar for other affected personnel and that FERC would gradually close the gap over a five-year period beginning in 2021, CBO estimates that FERC's real compensation costs would increase by about $40 million over the 2021-2024 period. However, because FERC is authorized to recover 100 percent of its costs through user fees, any change in agency costs (which are controlled through annual appropriation acts) would be offset by an equal change in fees that the commission charges. Thus, implementing those provisions would result in no net change in discretionary spending. See also CBO's Cost Estimates Explained, www.cbo.gov/publication /54437; How CBO Prepares Cost Estimates, www.cbo.gov/publicationi53519; and Glossary, www.cbo.gov/pubication/42904.

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