Congressional Budget Office Cost Estimate H.R. 3247, Hurricanes Katrina and Rita Recovery Facilitation Act of 2007 [open pdf - 19KB]
"H.R. 3247 would authorize the Federal Emergency Management Agency (FEMA) to provide additional forms of assistance to certain areas affected by Hurricanes Katrina and Rita. Funding for such assistance would come from the $43.5 billion already appropriated to FEMA's Disaster Relief Fund (DRF) for the hurricanes. Because CBO [Congressional Budget Office] does not expect that the proposed changes in this legislation would have a significant effect on the pace or amount of federal expenditures from the DRF, we estimate that enacting H.R. 3247 would have no significant effect on direct spending. Enacting the bill would not affect revenues. H.R. 3247 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments."
Congressional Budget Office: http://cbo.gov