Description:
S. 1129 would authorize appropriations totaling $21.1 billion, primarily for ongoing activities of the Coast Guard (USCG). The bill also would authorize appropriations for the Federal Maritime Commission (FMC) and the National Oceanic and Atmospheric Administration (NOAA) and amend laws governing programs administered by all three agencies. Assuming appropriation of the specified amounts, CBO estimates that implementing the legislation would cost $19.3 billion over the 2018-2020 period.
CBO also estimates that S. 1129 would increase direct spending for retention bonuses paid to USCG personnel by $269 million over the 2018-2027 period. The bill also would affect revenues, but CBO estimates that any such changes would be insignificant. Because enacting the bill would affect direct spending and revenues, pay-as-you-go procedures apply.
CBO estimates that enacting S. 1129 would not increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2028.
S. 1129 would impose intergovernmental and private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). CBO estimates that the cost of the mandates would fall below the annual thresholds established in UMRA for intergovernmental and private-sector mandates ($78 million and $156 million in 2017, respectively, adjusted annually for inflation).
