CBO estimates that enacting S. 117 would have no significant effect on the federal budget and would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting the bill would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028.
S. 117 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.
On April 19, 2017, CBO transmitted a cost estimate for S. 117, as ordered reported by the Senate Committee on Energy and Natural Resources on March 30, 2017. The House and Senate versions of the legislation are the same, and the CBO cost estimates are identical.
