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1 S. 1768, National Earthquake Hazards Reduction Program Reauthorization Act of 2017 1 (January 18, 2018)

handle is hein.congrec/nteqhzd0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE a COST ESTIMATE January 18, 2018 S. 1768 National Earthquake Hazards Reduction Program Reauthorization Act of 2017 As ordered reported by the Senate Committee on Commerce, Science, and Transportation on December 13, 2017 SUMMARY S. 1768 would amend the Earthquake Hazards Reduction Act of 1977 to make changes to the National Earthquake Hazards Reduction Program (NEHRP), an interagency program focused on reducing earthquake-related risks to life and property. The bill would authorize the appropriation of $735 million over the 2018-2022 period for the United States Geological Survey (USGS), the National Science Foundation (NSF), the Federal Emergency Management Agency (FEMA), and the National Institute of Standards and Technology (NIST) to continue the program. Assuming appropriation of the authorized amounts, CBO estimates that implementing S. 1768 would cost $596 million over the 2018-2022 period. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting S. 1768 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. S. 1768 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 effect of S. 1768 is shown in the following table. The costs of this legislation fall within budget functions 250 (general science, space, and technology), 300 (natural resources and environment), 370 (commerce and housing credit), and 450 (community and regional development).

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