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1 S. 1337, Capitalizing on American Storage Potential Act 1 (June 13, 2018)

handle is hein.congrec/cptlzasp0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE 0 COST ESTIMATE June 13, 2018 S. 1337 Capitalizing on American Storage Potential Act As reported by the Senate Committee on Energy and Natural Resources on May 22, 2018 SUMMARY Under title 17 of the Energy Policy Act of 2005, the Department of Energy (DOE) is authorized to guarantee loans for a wide range of energy projects that use advanced technologies to reduce greenhouse gases. S. 1337 would expand eligibility for those loan guarantees to include strategic energy infrastructure projects that would serve regional needs and make energy markets more effective because of their scale. CBO estimates that enacting S. 1337 would increase net direct spending by $2 million over the 2019-2028 period. CBO expects that those amounts would otherwise be spent after 2029. CBO estimates that implementing the bill would have no significant net effect on spending from appropriations because most of the administrative costs of using loan guarantees would be offset by income from fees. Because the bill would affect direct spending, pay-as-you-go procedures apply. Enacting the bill would not affect revenues. CBO estimates that enacting S. 1337 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029. S. 1337 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). BASIS OF ESTIMATE For this estimate, CBO assumes that S. 1337 will be enacted near the end of 2018 and that spending will follow historical patterns.

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