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S. 2917, Commodity End-User Relief Act (CBO Report for Congress)

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Congress 114th
Date Requested May 10, 2016
Requested By the Senate Committee on Agriculture, Nutrition, and Forestry
Date Sent July 5, 2016
Description:

S. 2917 would authorize appropriations for the Commodity Futures Trading Commission (CFTC) through fiscal year 2019 and would make changes to some of the agency’s operating procedures and regulatory requirements.

CBO estimates that implementing S. 2917 would cost $784 million over the 2017-2021 period, assuming appropriation of the necessary amounts. Pay-as-you-go procedures apply because enacting S. 2917 would affect direct spending; however, CBO estimates that those effects would not be significant. Enacting S. 2917 would not affect revenues.

CBO estimates that enacting S. 2917 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027.

S. 2917 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.

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