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1 S. 982, Family Smoking Prevention and Tobacco Control Act 1 (June 1, 2009)

handle is hein.congrec/concrabxj0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 1, 2009 S. 982 Family Smoking Prevention and Tobacco Control Act As ordered reported by the Senate Committee on Health, Education, Labor, and Pensions on May 20, 2009 SUMMARY S. 982 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 fully 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. CBO estimates that implementing S. 982 would: * Reduce spending subject to appropriation, on net, by $149 million over the 2010- 2014 period and by $70 million over the 2010-2019 period, assuming annual appropriation actions consistent with the bill; * Reduce direct spending by $19 million over the 2010-2014 period and by $93 million over the 2010-2019 period; and * Reduce federal revenues, on net, by $210 million over the 2010-2014 period and by $984 million over the 2010-2019 period. Considering both the direct spending and revenue effects, CBO estimates that enacting S. 982 would increase budget deficits by approximately $0.2 billion over the 2010-2014 period and $0.9 billion over the 2010-2019 period. (Those amounts exclude the effects that are subject to appropriation action.) Pursuant to section 311 of S. Con. Res. 70 (11 0 Congress), CBO attempts to evaluate whether legislation under consideration by the Senate would cause a net increase in deficits in excess of $5 billion in any of the four 10-year periods beginning after fiscal year 2019. In this case, because of the uncertainties involved in estimating the effects of a

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