Congressional Budget Office Cost Estimate: S. 134: Spoofing Prevention Act of 2017 [open pdf - 20KB]
"Under current law, the Federal Communications Commission (FCC) has the authority to levy penalties and criminal fines against individuals who use fake information about a caller's identification to defraud or harm another. S. 134 would expand that authority to include the use of text messages and would apply the authority to violators outside of the United States if the recipient is within the United States. The bill also would direct the FCC to develop consumer education materials that provide information for consumers on identifying fraudulent caller activities. Finally, S. 134 would direct the Government Accountability Office (GAO) to conduct a study on actions taken by the FCC to combat the provision of inaccurate caller information and to identify additional steps that could be taken by the agency. Based on an analysis of information from the FCC about the agency's current enforcement capabilities, CBO estimates that implementing S. 134 would increase the agency's costs by less than $500,000 to enforce the expanded prohibition and to update current consumer education materials. However, the FCC is authorized to collect fees sufficient to offset the costs of its regulatory activities each year; therefore, CBO estimates that the net effect on discretionary spending would be negligible, assuming appropriation actions consistent with that authority. Based on the costs of similar reports conducted by GAO, CBO estimates that the increased costs to conduct the required study would be insignificant."
Congressional Budget Office: https://www.cbo.gov