S. 1683, Naval Vessel Transfer Act of 2013

Cost Estimate
December 20, 2013

As reported by the Senate Committee on Foreign Relations
on November 14, 2013

S. 1683 would authorize the President to sell four naval vessels to Taiwan. CBO estimates that those sales would increase offsetting receipts (thus, reducing direct spending) by $40 million over the 2014-2023 period. Other provisions of the bill would authorize the President to enter into cooperative arrangements with certain countries in Southwest Asia and would require the President to adhere to additional reporting requirements. CBO estimates that those provisions would increase discretionary spending by about $2 million over the 2014-2018 period, assuming availability of the necessary funds. Because enacting the bill would affect direct spending, pay-as-you-go procedures apply. Enacting the bill would not affect revenues.