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cost estimate
July 22, 2013
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As ordered reported by the House Committee on Transportation and Infrastructure on July 18, 2013
In 2008, the Congress removed an exemption in law that allowed certain vessels constructed of wood and containing stateroom accommodations to carry more than 50 passengers. H.R. 1961 would reinstate that exemption and permit those vessels to exceed the 50-passenger limit until 2028. CBO estimates that there is one vessel affected by the exemption, a historic steamboat currently based in Chattanooga, Tennessee.
CBO estimates that enacting the legislation would have no impact on the federal budget because the United States Coast Guard would continue to inspect the vessel under the provisions of the bill or under current law. Enacting H.R. 1961 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
H.R. 1961 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.