Congressional Budget Office Cost Estimate: S. 473: Continuing Chemical Facilities Antiterrorism Security Act of 2011 [open pdf - 24KB]
"S. 473 would extend through fiscal year 2014 the Department of Homeland Security's (DHS's) authority to regulate security at certain chemical facilities in the United States. Under this authority, which is set to expire in October of 2011, DHS operates the Chemical Facility Anti-Terrorism Standards (CFATS) program. The bill also would establish a technical assistance program to assist chemical facilities in complying with CFATS. Lastly, the bill would direct the Federal Emergency Management Agency (FEMA) to establish a training program and conduct exercises aimed at testing the ability of first responders and other entities to prevent and respond to acts of terrorism and natural disaster at chemical facilities. CBO [Congressional Budget Office] estimates that implementing S. 473 would cost about $330 million over the 2012-2016 period, assuming appropriation of the specified and estimated amounts. S. 473 could result in the collection of additional civil penalties, which are recorded as revenues and deposited in the U.S. Treasury; therefore, pay-as-you-go procedures apply. However, CBO estimates that such collections would be minimal and the effect on revenues would be insignificant. Enacting the bill would not affect direct spending. S. 473 would extend intergovernmental and private-sector mandates, as defined in the Unfunded Mandates Reform Act (UMRA), on owners of public and private facilities where certain chemicals are present. Based on information from DHS and industry sources, CBO estimates that the aggregate cost of complying with the mandates would be small and fall below the annual thresholds established in UMRA for intergovernmental and private-sector mandates ($71 million and $142 million, respectively, in 2011, adjusted annually for inflation)."
Congressional Budget Office: http://cbo.gov/