H.R. 5346 would streamline regulatory processes for licensing operations of vehicles that support launches of commercial space vehicles. Under current law, such vehicles are regulated by the Federal Aviation Administration’s (FAA’s) Office of Aviation Safety; under the bill, that responsibility would be transferred to the FAA’s Office of Commercial Space Transportation.
CBO estimates that enacting H.R. 5346 would not significantly affect the federal budget. The bill would not alter the scope of the FAA’s underlying responsibility to regulate all aspects of commercial space transportation. Using information from the FAA, CBO estimates that any change in federal costs stemming from the proposed reorganization of regulatory responsibilities—which would be subject to appropriation—would be negligible.
Enacting H.R. 5346 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
CBO estimates that enacting H.R. 5346 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029.
H.R. 5346 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.