H.R. 3692 would reauthorize the appropriation of $2 million each year from 2027 through 2031 for the National Oceanic and Atmospheric Administration to provide grants for training, education, outreach, and technical assistance to young fishermen. In 2024, the Congress appropriated $1 million for the program.
The costs of the legislation, detailed in Table 1, fall within budget function 300 (natural resources and environment).
Table 1.
Estimated Increases in Spending Subject to Appropriation Under H.R. 3692
By Fiscal Year, Millions of Dollars
2026
2027
2028
2029
2030
2026-2030
Authorization
0
2
2
2
2
8
Estimated Outlays
0
1
2
2
2
7
CBO assumes that the bill will be enacted early in fiscal year 2026 and that the authorized amounts will be provided in each year. Based on historical spending patterns for similar activities, CBO estimates that implementing H.R. 3692 would cost $7 million over the 2026-2030 period and $3 million after 2030.
The CBO staff contact for this estimate is Aurora Swanson. The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.
