S. 1768 would amend the Earthquake Hazards Reduction Act of 1977 to make changes to the National Earthquake Hazards Reduction Program, an interagency program focused on reducing earthquake-related risks to life and property. The bill would authorize the appropriation of $735 million over the 2018-2022 period for the United States Geological Survey, the National Science Foundation, the Federal Emergency Management Agency, and the National Institute of Standards and Technology to continue the program.
Assuming appropriation of the authorized amounts, CBO estimates that implementing S. 1768 would cost $596 million over the 2018-2022 period. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
CBO estimates that enacting S. 1768 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028.
S. 1768 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.