SJ Res 28 Cost Estimate

On April 24, the Senate Commerce Committee approved SJ Res 28, a joint resolution disapproving the rule submitted by the Federal Communications Commission with respect to broadcast media ownership. The Congressional Budget Office has now reviewed the resolution, also making its way through the House, and determined that enactment of the resolution would have no effect on the federal budget. CBO also finds that the resolution: 1) contains no intergovernmental mandates, and 2) would impose a private-sector mandate on companies that wish to own a newspaper and a television or radio station in a single market area. The cost to the private sector of the mandate would be the incremental cost of applying for a license (because the waiver process is more costly), plus any forgone net profit attributable to the cross-media ban. CBO has no basis for estimating those costs. CBO, therefore, cannot determine whether the cost of the mandate would exceed the annual threshold established in federal law ($136 million in 2008, adjusted annually for inflation).
http://www.cbo.gov/ftpdoc.cfm?index=9210&type=1