Congressional Budget Office Cost Estimate: S. 3515: Federal Research and Technologies for Oil Spill Prevention and Response Act of 2010   [open pdf - 26KB]

"S. 3515 would authorize several agencies to spend, without further appropriation, a total of $25 million a year over the 2010-2020 period on a program to research and develop technologies to prevent, mitigate, and clean up oil spills. The bill also would establish a committee to advise agencies about research conducted under the program. CBO [Congressional Budget Office] estimates that implementing the legislation would increase direct spending by $264 million over the 2010-2020 period and $11 million after 2020; therefore, pay-as-you-go procedures would apply. Enacting the legislation would not affect revenues. S. 3515 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments."