July 27, 2022 Cost Estimate As posted on the website of the House Committee on Rules on July 25, 2022 View Document248.46 KB Summary H.R. 1808 would ban the sale, import, manufacture, or transfer of certain semiautomatic weapons, bump stock-type devices, and large-capacity ammunition feeding devices after the date of enactment. The prohibition would not apply to the possession, sale, or transfer of weapons lawfully possessed on the date of enactment. Because people who violate the bill’s provisions would be subject to criminal fines, the federal government could collect additional fines under the legislation. Criminal fines are recorded as revenues, deposited in the Crime Victims Fund, and later spent without further appropriation action. Using data from the Department of Justice (DOJ) on criminal penalties charged for firearms convictions in recent years, CBO estimates that the bill would increase revenues by $3 million over the 2022-2032 period and would increase direct spending by $2 million over that period. Other provisions of the bill would impose administrative costs on DOJ. Any spending on those activities would be subject to the availability of appropriated funds. CBO has not completed an estimate of those costs. H.R. 1808 would impose private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). Those mandates include the ban on the possession, sale, and manufacture of some semiautomatic assault weapons, large-capacity ammunition firing devices, and bump stocks. The mandated entities would include manufacturers, dealers, and potential owners of banned firearms and related items. The costs of those mandates would primarily be the forgone revenue from reduced sales of firearms and related items. CBO estimates the aggregate cost of mandates of the bill would exceed the annual threshold established in UMRA for private-sector mandates ($184 million in 2022, adjusted annually for inflation.) The bill contains no intergovernmental mandates as defined in UMRA. Legislative Information Available From Congress.gov
H.R. 1808 would ban the sale, import, manufacture, or transfer of certain semiautomatic weapons, bump stock-type devices, and large-capacity ammunition feeding devices after the date of enactment. The prohibition would not apply to the possession, sale, or transfer of weapons lawfully possessed on the date of enactment. Because people who violate the bill’s provisions would be subject to criminal fines, the federal government could collect additional fines under the legislation. Criminal fines are recorded as revenues, deposited in the Crime Victims Fund, and later spent without further appropriation action. Using data from the Department of Justice (DOJ) on criminal penalties charged for firearms convictions in recent years, CBO estimates that the bill would increase revenues by $3 million over the 2022-2032 period and would increase direct spending by $2 million over that period. Other provisions of the bill would impose administrative costs on DOJ. Any spending on those activities would be subject to the availability of appropriated funds. CBO has not completed an estimate of those costs. H.R. 1808 would impose private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). Those mandates include the ban on the possession, sale, and manufacture of some semiautomatic assault weapons, large-capacity ammunition firing devices, and bump stocks. The mandated entities would include manufacturers, dealers, and potential owners of banned firearms and related items. The costs of those mandates would primarily be the forgone revenue from reduced sales of firearms and related items. CBO estimates the aggregate cost of mandates of the bill would exceed the annual threshold established in UMRA for private-sector mandates ($184 million in 2022, adjusted annually for inflation.) The bill contains no intergovernmental mandates as defined in UMRA.
