Congressional Budget Office Cost Estimate: H.R. 4007: Chemical Facilities Anti-Terrorism Standards Program Authorization and Accountability Act of 2014 [open pdf - 21KB]
"H.R. 4007 would make permanent the Department of Homeland Security's (DHS's) authority to regulate security at certain chemical facilities in the United States. Under the Chemical Facility Anti-Terrorism Standards (CFATS) program, DHS collects and reviews information from chemical facilities in the United States to determine which facilities present security risks. Facilities determined to present a high level of security risk are then required to develop a Site Security Plan (SSP). DHS in turn conducts inspections to validate the adequacy of a facility's SSP and their compliance with it. The program is set to end on October 4, 2014. H.R. 4007 would authorize appropriations of slightly more than $87 million annually for the CFATS program over the 2015-2017 period. That program received $81 million in 2014. Based on the proposed authorization level for the 2015-2017 period and adjusting for inflation, CBO [Congressional Budget Office] estimates that the continued implementation of CFATS would require appropriations of $90 million in 2018 and $93 million in 2019. Assuming appropriation of the authorized and estimated amounts, CBO estimates that implementing H.R. 4007 would cost $427 million over the 2015-2019 period."
Congressional Budget Office: http://www.cbo.gov/