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1 S. 496, Young Fishermen's Development Act 1 (October 18, 2019)

handle is hein.congrec/cboyngfsh0001 and id is 1 raw text is: Congressional Budget Office Cost Estimate October 18, 2019 By Fiscal Year, MVillions of Dollars 2020 2020-2024 2020-2029 Direct Spending (Outlays) Revenues Increase in the Deficit 2 0 2 10 10 0 10 0 10 S. 496 would require the Secretary of Commerce to establish a program to provide grants for training, education, outreach, and technical assistance to young fishermen. The bill would authorize the expenditure of $2 million a year over the 2020-2024 period from the Fisheries Enforcement Asset Forfeiture Fund for those purposes. (Grants would be capped at $200,000 for each recipient and could be renewed for up to three fiscal years.) Amounts in the fisheries fund are available to be spent on authorized purposes without further appropriation. That fund has a balance of about $17 million and collects about $4 million a year in penalties. CBO estimates that authorizing the grant program would increase direct spending by $10 million from the fund over the 2020-2024 period. The Statutory Pay-As-You-Go Act of 2010 establishes budget-reporting and enforcement procedures for legislation affecting direct spending or revenues. The net changes in outlays that are subject to those pay-as-you-go procedures are shown in Table 1. By Fiscal Year, Millions of Dollars 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Net Increase in the Deficit Pay-As-You-Go Effect 2 2 2 2 2 0 0 0 0 0 The CBO staff contact for this estimate is Madeleine Fox. The estimate was reviewed by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis. 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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