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1 S. 2844, STB Information Security Improvement Act 1 (June 13, 2018)

handle is hein.congrec/stbinfspm0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE U COST ESTIMATE June 13, 2018 S. 2844 STB Information Security Improvement Act As ordered reported by the Senate Committee on Commerce, Science and Transportation on May 22, 2018 S. 2844 would require the Surface Transportation Board (STB) to develop a plan to comply with recommendations made by the Department of Transportation's inspector general regarding its information security system. The bill would require the STB to report annually to the Congress on the status of its compliance with the inspector general's report. Under current law, CBO expects that the STB will implement the inspector general's recommendations regarding its information security system. The agency has already hired an employee to manage and implement the plan. As a result, CBO estimates that implementing the provisions of S. 2844 would have no significant effect on the federal budget over the 2019-2023 period. Enacting S. 2844 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting S. 2844 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029. S. 2844 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. On March 20, 2018, CBO transmitted a cost estimate for H.R. 4921, the STB Information Security Improvement Act, as ordered reported by the House Committee on Transportation and Infrastructure on February 14, 2018. The two pieces of legislation are similar and CBO's estimate of their budgetary effects are the same. The CBO staff contact for this estimate is Sarah Puro. The estimate was reviewed by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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