As ordered reported by the Senate Committee on Energy and Natural Resources on November 13, 2014
S. 1419 would authorize appropriations for activities aimed at promoting the development of marine and hydrokinetic energy devices that produce energy from moving water. The bill also would authorize the Federal Energy Regulatory Commission (FERC) to issue licenses for pilot projects to test new hydrokinetic technologies.
Assuming appropriation of the authorized amounts, CBO estimates that implementing S. 1419 would cost $192 million over the 2015-2019 period. Pay-as-you-go procedures do not apply to this legislation because it would not affect direct spending or revenues.
S. 1419 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.