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1 A Legislative Proposal Related to the Arctic National Wildlife Refuge 1 (2017)

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                  CONGRESSIONAL BUDGET OFFICE
                             COST ESTIMATE

                                                             November  8, 2017


      A  Legislative   Proposal Related to the Arctic National
                             Wildlife Refuge

   As posted on the website of the Senate Committee on Energy and Natural Resources
                         (FLO] 7783) on November 8, 2017


SUMMARY

The legislation would direct the Secretary of the Interior to implement an oil and gas
leasing program for the coastal plain of the Arctic National Wildlife Refuge (ANWR).
Based on information provided by the Department of the Interior (DOI), the Energy
Information Administration (EIA), and individuals working in the oil and gas industry,
CBO  estimates that implementing the legislation would increase net offsetting receipts,
which are treated as reductions in direct spending, by about $1.1 billion over the 2018-
2027 period.

Because enacting the legislation would affect direct spending pay-as-you-go procedures
apply. Enacting the legislation would not affect revenues.

CBO  estimates that enacting legislation would not increase net direct spending or on-
budget deficits in any of the four consecutive 10-year periods beginning in 2028.

The legislation contains no intergovernmental or private-sector mandates as defined in
the Unfunded Mandates Reform Act (UMRA).


ESTIMATED COST TO THE FEDERAL GOVERNMENT

The estimated budgetary impact of the legislation is shown in the following table. The
costs of this legislation fall within budget functions 300 (natural resources and
environment) and 800 (general government).

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