Description:
Under current law, manufacturers of consumer products must provide written warranty information to consumers at the place where those goods are purchased. H.R. 3154 would allow those manufacturers to make such warranty information available on the Internet and remain in compliance with the law. The bill would require the Federal Trade Commission (FTC) to revise rules to reflect the new notification standards.
Based on information from the FTC, CBO estimates that implementing the rulemaking requirement in H.R. 3154 would not have a significant effect on discretionary costs. Enacting H.R. 3154 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
H.R. 3154 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would not affect the budgets of state, local, or tribal governments.
On June 10, 2015, CBO transmitted a cost estimate for S. 1359, the E-Warranty Act of 2015, as ordered reported by the Senate Committee on Commerce, Science, and Transportation on May 20, 2015. The two pieces of legislation are similar and the estimated budgetary effects are the same.
