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1 H.R. 1256, Family Smoking Prevention and Tobacco Control Act 1 (March 16, 2009)

handle is hein.congrec/concrabxg0001 and id is 1 raw text is: 









                    CONGRESSIONAL BUDGET OFFICE
                                COST   ESTIMATE

                                                                  March 16, 2009


                                 H.R.   1256
           Family  Smoking   Prevention   and Tobacco   Control  Act

   As ordered reported by the Committee on Energy and Commerce on March 4, 2009


SUMMARY

H.R. 1256 would authorize the Food and Drug Administration (FDA) to regulate tobacco
products, and would require the agency to assess fees on manufacturers and importers of
tobacco products to cover the cost of FDA's new regulatory activities authorized by the
bill. Such fees could be collected and made available for obligation only to the extent and
in the amounts provided in advance in appropriation acts. The bill also contains
provisions that affect direct spending and revenues associated with the retirement benefits
of federal employees.

CBO  estimates that:

   *  Implementing the bill would increase spending subject to appropriation, on net, by
      about $0.1 billion over the 2010-2014 period and by $0.8 billion over the 2010-
      2019 period, assuming annual appropriation actions consistent with the bill.

    *  Enacting H.R. 1256 would increase direct spending by $0.1 billion over the 2010-
       2014 period and by $0.5 billion over the 2010-2019 period.

    *  Federal revenues would increase by $0.3 billion over the 2010-2014 period and
       by $1.3 billion over the 2010-2019 period.

    *  Considering both the revenue and direct spending effects, enacting the bill would
      reduce budget deficits by a total of $0.2 billion over the 2010-2014 period and by
      $0.8 billion over the 2010-2019 period. (Those amounts exclude the effects that
      are subject to appropriation action.)

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