Congressional Budget Office Cost Estimate: H.R. 658: FAA Reauthorization and Reform Act of 2011 [open pdf - 52KB]
"H.R. 658 would authorize appropriations, mainly over the 2011-2014 period, for activities of the Federal Aviation Administration (FAA) and other federal programs related to aviation. (A full-year appropriation for aviation programs in 2011 has not yet been enacted. For this estimate, CBO has assumed that the partial-year funding already provided will be increased proportionately--annualized--to provide full-year funding.) CBO and staff of the Joint Committee on Taxation (JCT) estimate that implementing H.R. 658 would: Increase discretionary spending by $34 billion over the 2011-2016 period; and Increase revenues by $34 million over the 2011-2016 period and $4 million over the 2011-2021 period. Because the legislation would increase revenues, pay-as-you-go procedures apply. H.R. 658 contains intergovernmental and private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) because it would impose new requirements on both public and private entities that own aircraft or airports. CBO estimates that the aggregate cost of intergovernmental mandates in the bill would fall well below the annual threshold established in UMRA ($71 million in 2011, adjusted annually for inflation). The bill would impose additional private-sector mandates on operators of certain aircraft, entities registering or obtaining certification with the FAA, commercial air carriers, employees in air or rail industries, and unions. Based on information from the FAA, the National Mediation Board, and industry sources, CBO estimates that the aggregate cost of complying with the private-sector mandates would exceed the annual threshold established in UMRA ($142 million in 2011, adjusted annually for inflation)."
Congressional Budget Office: http://cbo.gov