As reported by the Senate Committee on Commerce, Science, and Transportation
on December 13, 2023
By Fiscal Year, Millions of Dollars
2024
2024-2028
2024-2033
Direct Spending (Outlays)
0
25
73
Revenues
*
127
326
Increase or Decrease (-) in the Deficit
*
-102
-253
Spending Subject to Appropriation (Outlays)
4
102
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2034?
< $2.5 billion
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, Under Threshold
Contains private-sector mandate?
Yes, Under Threshold
* = between -$500,000 and $500,000.
The bill would
Create a revolving fund to provide federal assistance to local emergency responders after spills of hazardous materials
Increase mandatory funding for emergency preparedness grants related to the transport of hazardous materials; spending for those grants would be offset by fees collected from carriers
Increase civil penalties associated with railroad safety violations
Authorize appropriations for grants for safety research and the installation of railroad safety systems
Impose intergovernmental and private-sector mandates by requiring railroad owners to install safety systems, phase out older tank cars, and meet other requirements
Estimated budgetary effects would mainly stem from
Revenues from the increased collections of civil penalties
Direct spending from the new revolving fund
Amounts authorized to be appropriated
Areas of significant uncertainty include
Determining the frequency and severity of emergencies
Determining the effect of higher civil penalties on deterring safety violations