CBO Scores Federal Communications Commission Consolidated Reporting Act

The Federal Communications Commission Consolidated Reporting Act (H.R. 734) would require the Federal Communications Commission to prepare a biennial report for the Congress that assesses certain characteristics of the communications industry. In all, the bill would eliminate more than 20 reports and notices, including some that remain in current law even though deadlines for their completion have passed. Based on information from the FCC, Congressional Budget Office estimates that implementing the provisions of HR 734 would not have a significant effect on the agency’s costs. Any additional expenses the FCC would incur to prepare the new assessment of the communications industry would be offset by a reduction in costs that would otherwise be incurred for reports that would be eliminated under the bill.