Congressional Budget Office Cost Estimate: H.R. 2838: Coast Guard and Maritime Transportation Act of 2011   [open pdf - 21KB]

"H.R. 2838 would authorize appropriations for United States Coast Guard (USCG) activities through fiscal year 2014, Maritime Administration (MARAD) grants for certain short-distance shipping activities through fiscal year 2016, and Federal Maritime Commission (FMC) activities through fiscal year 2015. In total, the bill would authorize the appropriation of about $25.8 billion for such activities, $25.7 billion of it for ongoing USCG operations. CBO [Congressional Budget Office] estimates that implementing the bill would cost about $24.4 billion over the 2012-2016 period, assuming appropriation of the authorized amounts. Pay-as-you-go procedures do not apply to this legislation because it would not affect direct spending or revenues. The bill contains no intergovernmental mandates as defined in the Unfunded Mandates Reform Act (UMRA). H.R. 2838 would impose a private-sector mandate, as defined in UMRA, on owners and operators of offshore facilities used in the production of oil and gas. Based on information from the Department of the Interior and industry sources, CBO estimates that the aggregate cost of the mandate would probably exceed the annual threshold established in UMRA for private-sector mandates ($142 million in 2011, adjusted annually for inflation)."

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