Political Quotes

“In closing, I want to go back and revisit just briefly some of the cost implications or the allegations of cost implications of today's legislation that we are considering. CBO carefully analyzed all three of the bills that we are considering as part of H.R. 2279 today, and here is what they said: CBO estimates that, in some cases, implementing this legislation could affect the pace of discretionary spending if priorities for cleanup activities change. However, CBO expects that total costs to fulfill Federal responsibilities under CERCLA would be little changed under this legislation. That was directly from the CBO score for H.R. 2226. Based on information from EPA, CBO expects that removing the current requirement to review certain recommendations every 3 years would reduce administrative costs. However, some of those savings in administrative expenses would be offset by spending on the new requirement to report to the Congress any financial responsibility requirements. CBO estimates that, on balance, implementing this legislation would not have a significant net impact on spending that is subject to appropriation over the 2014-2018 period. Enacting H.R. 2279 would not affect direct spending or revenues. That was directly from the CBO score for H.R. 2279.…”