Congressional Budget Office Cost Estimate: S. 275, Pipeline Transportation Safety Improvement Act of 2011   [open pdf - 35KB]

From the Summary: "The Pipeline and Hazardous Materials Safety Administration (PHMSA) oversees the safety of pipelines that transport gas or hazardous liquids and provides grants to states for programs to ensure pipeline safety. For those activities, S. 275 would authorize the gross appropriation of $420 million over the 2012-2016 period. CBO [Congressional Budget Office] expects that about $365 million of those appropriations would be offset by fees paid by pipeline operators over the three-year period. In addition, subject to provisions in appropriation acts, CBO estimates that the bill would authorize PHMSA to collect and spend about $10 million over the 2012-2016 period to recover its costs of conducting safety reviews at a pipeline project in the state of Alaska. Altogether, CBO estimates that implementing S. 275 would have a net cost of $46 million over the 2012-2016 period, assuming appropriation of the necessary amounts. Pay-as-you-go procedures apply because enacting the legislation could affect revenues. S. 275 would increase certain civil penalties for violating pipeline safety regulations. Civil penalties are recorded in the budget as revenues and deposited in the general fund of the Treasury. However, CBO estimates that any increase in civil penalties would be small and would have no significant effect on the federal budget. Enacting the bill would not affect direct spending."

Public Domain
Retrieved From:
Congressional Budget Office: http://cbo.gov/
Media Type:
Help with citations