“CONGRESSIONAL BUDGET OFFICE ESTIMATE OF COSTS--S. 1888” published by the Congressional Record on June 20, 1996

“CONGRESSIONAL BUDGET OFFICE ESTIMATE OF COSTS--S. 1888” published by the Congressional Record on June 20, 1996

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Volume 142, No. 92 covering the 2nd Session of the 104th Congress (1995 - 1996) was published by the Congressional Record.

The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.

“CONGRESSIONAL BUDGET OFFICE ESTIMATE OF COSTS--S. 1888” mentioning the U.S. Dept. of Energy was published in the Senate section on pages S6625 on June 20, 1996.

The publication is reproduced in full below:

CONGRESSIONAL BUDGET OFFICE ESTIMATE OF COSTS--S. 1888

Mr. MURKOWSKI, Mr. President, in compliance with paragraph 11(a) of rule XXVI of the Standing Rules of the Senate, the Committee on Energy and Natural Resources has obtained a letter from the Congressional Budget Office containing an estimate of the costs of S. 1888, the Energy Policy and Conservation Act Amendments of 1996, as reported from the committee. In addition, pursuant to Public Law 104-4, the letter contains the opinion of the Congressional Budget Office regarding whether S. 1888 contains intergovernmental mandates as defined in that Act. I respectfully request that the opinion of the Congressional Budget Office be printed in the Congressional Record in its entirely.

The opinion Follows:

U.S. Congress,

Congressional Budget Office,

Washington, DC, June 20, 1996.Hon. Frank H. Murkowski,Chairman, Committee on Energy and Natural Resources,

Washington, DC.

Dear Mr. Chairman, The Congressional Budget Office has reviewed S. 1888, the Energy Policy and Conservation Act Amendments of 1996, as ordered reported by the Senate Committee on Energy and Natural Resources on June 19, 1996. CBO estimates that enacting the bill would have no significant impact on the federal budget. Enacting S. 1888 would not affect direct spending or receipts. Therefore, pay-as-you-go procedures would not apply to the bill.

S. 1888 would postpone the expiration of the provisions in the Energy Policy and Conservation Act (EPCA) related to energy emergencies from June 30, 1996, to September 30, 1996. This extension would authorize the Department of Energy (DOE) to continue to operate the Strategic Petroleum Reserve, participate in the International Energy Agency, and conduct related activities through the end of fiscal year 1996. Because funds have already been appropriated for these programs for all of fiscal year 1996, CBO estimates that enacting this will would not have any significant impact on the federal budget. Federal spending over the next three months would be affected by the bill only in the event that an energy emergency necessitates additional DOE expenditures for actions authorized by EPCA.

S. 1888 does not contain any intergovernmental or private-sector mandates as defined in Public Law. 104-4.

If you wish further details on this estimate, we will be pleased to provide them. The CBO staff contact is Kathleen Gramp, who can be reached at 226-2860.

Sincerely,

James L. Blum

(For June E. O'Neill, Director).

____________________

SOURCE: Congressional Record Vol. 142, No. 92

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