S. 3405 would extend for five years the Chemical Facility Anti-Terrorism Standards (CFATS) program. CBO estimates that implementing the bill would cost $348 million over the 2019-2023 period, assuming appropriation of the estimated amounts.
CBO also estimates that enacting S. 3405 would increase direct spending by $2 million and would increase revenues by an insignificant amount over the 2019-2028 period; therefore, pay-as-you-go procedures apply.
CBO estimates that enacting S. 3405 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029.
S. 3405 would impose intergovernmental and private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) on operators of chemical facilities by reauthorizing existing security standards and duties under the CFATS program. CBO estimates the cost of the mandates would fall below the annual intergovernmental and private-sector thresholds established in UMRA ($80 million and $160 million in 2018, respectively, adjusted annually for inflation).
