H.R. 2593 would authorize appropriations totaling $129 million over the 2018-2019 period for activities related to waterborne transportation and commerce. Assuming appropriation of the authorized amounts, CBO estimates that enacting the bill would cost $129 million over the 2018-2022 period.
Enacting H.R. 2593 would decrease revenues by an insignificant amount; therefore, pay-as-you-go procedures apply. Enacting the bill would not affect direct spending.
CBO estimates that enacting H.R. 2593 would not increase net direct spending or significantly affect on-budget deficits in any of the four consecutive 10-year periods beginning in 2028.
H.R. 2593 would impose intergovernmental and private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). CBO estimates that the cost of the mandate on public entities would fall below the annual threshold established in UMRA for intergovernmental mandates ($78 million in 2017, adjusted annually for inflation). CBO cannot determine whether the 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).