About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

H.R. 1256, Family Smoking Prevention and Tobacco Control Act (Apr. 13, 2009) 1 (April 13, 2009)

handle is hein.congrec/concrabxi0001 and id is 1 raw text is: 









                    CONGRESSIONAL BUDGET OFFICE
                                COST ESTIMATE

                                                                    April 13, 2009


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

              As passed by the House ofRepresentatives on April 2, 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. H.R. 1256 also contains
provisions that affect direct spending and revenues associated with the retirement benefits
of federal employees.

CBO  and the Joint Committee on Taxation (JCT) estimate that:

   *  Implementing H.R. 1256 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 $0.4 billion over the 2010-
       2014 period and by $1.1 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; and

    *  Considering both the revenue and direct spending effects, enacting H.R. 1256
       would increase budget deficits by a total of $0.1 billion over the 2010-2014
       period. Over the 2010-2019 period, however, enacting the legislation would
       reduce budget deficits by $0.2 billion. (Those amounts exclude the effects that are
       subject to appropriation action.)

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most