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1 S. 2418, Conservation of America's Shoreline Terrain and Aquatic Life Act 1 (June 24, 2020)

handle is hein.congrec/scnoaa0001 and id is 1 raw text is: Congressional Budget Office June 24, 2020 Cost Estimate At aGlanice~ S. 2418, Conservation of America's Shoreline Terrain and Aquatic Life Act As reported by the Senate Committee on Energy and Natural Resources on February 25, 2020 By Fiscal Year, Millions of Dollars 2020 2020-2025 2020-2030 Direct Spending (Outlays) 0 3,550 10,240 Revenues 0 0 0 Increase or Decrease 0,, in the Deficit 0 3,550 10,240 Spendin Sujctt not estimated Statutory pay-as-you-go Yes Mandate Effects procedures apply? Increases on-budget deficits in any Contains intergovernmental mandate? No of the four consecutive 1 0-year > $5 billion periods beginning in 2031? Contains private-sector mandate? No The bill would * Repeal the statutory caps on direct spending of offsetting receipts derived from certain oil and gas leases in the Gulf of Mexico * Authorize the spending of 62.5 percent of the proceeds from leases issued since 2000 in the Gulf of Mexico without further appropriation * Exempt payments to states derived from federal leases in the Gulf of Mexico from budget sequestration orders * Authorize the spending of 50 percent of the proceeds from certain oil and gas leases issued in the Alaska region of the Outer Continental Shelf (OCS) without further appropriation * Convey an additional 1 percent of the proceeds from onshore oil and gas leases to states, without further appropriation. Estimated budgetary effects would primarily stem from * Increasing direct spending of offsetting receipts from oil and gas leases onshore and in the OCS Areas of significant uncertainty include * The amount of oil and gas that will be produced from leases affected by the bill * The future prices of oil and natural gas * The amounts companies will pay in the future to acquire new oil and gas leases in areas affected by the bill Detailed estimate begins on the next page. See also CBO's Cost Estimates Explained, www.cbo.gov/publicationi54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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