As ordered reported by the House Committee on Energy and Commerce on March 9, 2023
By Fiscal Year, Millions of Dollars
2024
2024-2028
2024-2033
Direct Spending (Outlays)
0
0
0
Revenues
0
*
*
Increase or Decrease (-) in the Deficit
0
*
*
Spending Subject to Appropriation (Outlays)
*
3
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2034?
No
Statutory pay-as-you-go procedures apply?
Yes
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2034?
No
Contains intergovernmental mandate?
Yes, Cannot Determine Costs
Contains private-sector mandate?
Yes, Cannot Determine Costs
* = between -$500,000 and $500,000.
Summary
H.R. 742 would require entities that own, provide, or control websites or mobile applications that store or maintain individuals’ information in China to disclose to users the following information: If their information is stored and maintained in China, and whether or not the Chinese government can access their information. The bill would direct the Federal Trade Commission (FTC) to enforce that requirement.
Using information from the FTC, CBO estimates that implementing H.R. 742 would cost $3 million over the 2024-2028 period; any spending would be subject to the availability of appropriated funds. CBO expects that the FTC would need one employee in 2024, at an average annual cost of $225,000, to issue guidance to clarify the content of the disclosures and which entities would need to make such disclosures. Beginning in 2025, CBO estimates that the FTC would need three employees to enforce potential violations.
