S. 3088 would delay, for at least three years, the deadline for complying with certain safety requirements related to commercial fishing vessels. The bill would require the Coast Guard, the agency primarily responsible for administering laws and regulations related to maritime safety, to improve coordination and outreach and complete other administrative tasks related to those safety requirements.
CBO estimates that enacting S. 3088 would have no significant effect on the federal budget. Based on information from the Coast Guard about the anticipated administrative costs of increased outreach efforts and reporting requirements, CBO estimates that any increased spending under the bill (which would be subject to appropriation) would not exceed $500,000 in any year. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
CBO estimates that enacting S. 3088 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027.
S. 3088 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.