As ordered reported by the House Committee on Natural Resources on December 6, 2023
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
0
*
*
Revenues
0
0
0
Increase or Decrease (-) in the Deficit
0
*
*
Spending Subject to Appropriation (Outlays)
1
11
16
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
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 2035?
No
Contains intergovernmental mandate?
Yes, Under Threshold
Contains private-sector mandate?
Yes, Under Threshold
* = between zero and -$500,000.
The bill would
Authorize appropriations for the U.S. Fish and Wildlife Service to administer the Coastal Barrier Resources System (CBRS)
Codify 195 updated or new maps that define the boundaries of areas for incorporation into the CBRS
Remove some private residential structures from the CBRS, allowing owners of those properties to purchase federal flood insurance under the National Flood Insurance Program
Impose intergovernmental and private-sector mandates by requiring owners or lessors to notify prospective buyers or lessees that a property is located within the CBRS
Estimated budgetary effects would mainly stem from
Amounts authorized to be appropriated
Increasing the number of properties that are eligible for federal flood insurance coverage
Areas of significant uncertainty include
Determining how many properties would be located inside or outside the boundaries of the CBRS and how many property owners would purchase flood insurance
