cost estimate

As introduced on July 31, 2012

CBO estimates that enacting this legislation would reduce direct spending by $256 million over the 2013-2022 period, relative to spending projected under CBO’s current baseline (see enclosed table). Because H.R. 6233 would affect direct spending, pay-as-you-go procedures apply. Enacting the bill would not affect federal revenues. CBO estimates that implementing the bill would not affect spending subject to future appropriations. CBO has not reviewed the legislation for intergovernmental or private-sector mandates.

cost estimate

As ordered reported by the Senate Committee on Commerce, Science, and Transportation on July 31, 2012

The European Union (EU) has established the European Union Emissions Trading Scheme (ETS), a regulatory framework related to greenhouse gas emissions. Currently, the ETS covers emissions from air carriers that operate flights within, to, and from EU member states. Negotiations between the U.S. government and the EU about the applicability of the ETS to U.S. air carriers are ongoing, and the potential outcome of those negotiations is unclear.

cost estimate

As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 16, 2012