ABSTRACT

Congressional Budget Office Cost Estimate: S. 594, Anti-Spoofing Penalties Modernization Act of 2021   [open pdf - 174KB]

From the Document: "S. 594 would increase the maximum civil and criminal monetary penalties for spoofing, or deliberately transmitting false caller identification information to defraud, harm, or wrongfully obtain anything of value from the recipient. Using information from the Federal Communications Commission (FCC), CBO [Congressional Budget Office] estimates that enacting S. 594 would increase collections of civil forfeiture penalties--which are treated as revenues--by an insignificant amount over the 2022-2031 period. The FCC does not typically seek the maximum penalty allowed under current law and though the commission has assessed millions of dollars in forfeiture penalties over the past five years, it has only collected about $25,000. CBO estimates that the FCC would incur no additional costs to implement the bill because we do not expect the number of cases pursued by the FCC to change."

Publisher:
Date:
2022-04-29
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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