S. 1405 would authorize appropriations, through 2021, for activities of the Federal Aviation Administration (FAA) and other federal programs related to civil aviation. The bill also would increase contract authority for the Airport Improvement Program (AIP).
CBO estimates that implementing S. 1405 would cost $68.8 billion over the 2017-2027 period, assuming appropriation of the authorized and estimated amounts. Enacting the bill would increase both direct spending and revenues; however, CBO estimates that those increases would be insignificant. Because the bill would affect direct spending and revenues, pay-as-you-go procedures apply.
CBO estimates that enacting S. 1405 would not significantly increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028.
S. 1405 would impose intergovernmental and private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) but CBO estimates that the cost of the mandates on public entities would fall below the annual threshold established in UMRA for intergovernmental mandates ($78 million in 2017, adjusted annually for inflation). CBO estimates that the aggregate cost of the mandates on private entities would exceed the annual threshold established in UMRA for private-sector mandates ($156 million in 2017, adjusted annually for inflation).