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CBO: Port Performance Act Implementation Would Cost $9M in 2016-2020

acquisition policyThe Congressional Budget Office estimates the implementation of the Port Performance Act would cost $9 million from 2016 through 2020.

CBO said Friday that it expects the cost of the mandate to be lower than the thresholds for intergovernmental and private-sector as established under the Unfunded Mandates Reform Act.

The Port Performance Act calls for the Transportation Department’s Bureau of Transportation Statistics to collect monthly performance measures on the largest 25 ports in the U.S.

A working group will also be formed under the legislation to submit proposals for port performance measure specifications.

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