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cost estimate
April 9, 2012
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As ordered reported by the House Committee on Agriculture on January 25, 2012
H.R. 1840 would direct the Commodity Futures Trading Commission (CFTC) to assess both costs and benefits of a proposed regulation, adopting such regulation only if the agency determines that the estimated benefits justify the estimated costs. The bill also would broaden the items to consider in developing costs and benefits including, among other things, alternatives to direct regulation.
Based on information from the CFTC, CBO estimates that implementing H.R. 1840 would cost $27 million over the 2013-2017 period, assuming appropriation of the necessary amounts. Enacting H.R. 1840 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
H.R. 1840 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments.