Description:
H.R. 2595 would require state and local governments to report semiannually to the Congress on the assets they seized and the activities that were funded by the sale of those assets as part of equitable sharing programs administered by the Departments of Justice (DOJ) and the Treasury. Under those programs, the proceeds from the sale of assets seized during joint criminal investigations with state and local governments are shared between federal, state, and local law enforcement agencies. Under current law, state and local agencies must report this information annually. CBO expects that DOJ and the Treasury would incur additional administrative costs to help state and local governments with the required reports. According to those departments, in 2023 collecting and verifying information for the reports cost $3.5 million. Using information from DOJ and the Treasury, CBO estimates that increasing the frequency of the reports would cost $2 million a year and $10 million over the 2024-2029 period, primarily for personnel costs and upgrades to data management systems. Any spending would be subject to the availability of appropriated funds.
« Return to search CBO reports
