CBO Says Sea Creature Export Bill Wouldn't Noticeably Affect US Revenue
A bill that would exempt certain echinoderms and mollusks from export licensing requirements wouldn’t cost or earn the U.S. government any significant finances, the Congressional Budget Office said Aug. 12 in a cost estimate (here). CBO said enactment of the…
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bill, H.R. 4245, which was introduced in December by Rep. Chellie Pingree, D-Maine (see 1512150006), would decrease licensing and inspection fees by less than $500,000 per year, but that a similar cut in direct spending would offset the revenue loss. “On net, CBO estimates that enacting the bill would have a negligible effect on the federal budget,” the cost estimate says.