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Federal Register / Vol. 86, No. 246 / Tuesday, December 28, 2021 / Rules and Regulations
costs to do so.27 CBP will sustain technology and printing costs from the Form I418 Automation regulatory program, including costs to maintain mobile devices for real-time, electronic
processing, and to print the paper Form I418 until the admissibility inspection process is completely paperless. Across the period of analysis, these monetized costs will equal $46,000 in present
value and $12,000 on an annualized basis using a 7 percent discount rate.
These costs represent the total costs of the rule, as illustrated in Table 2.

TABLE 2TOTAL PRESENT VALUE AND ANNUALIZED COSTS OF I418 AUTOMATION REGULATORY PROGRAM, FY 2020
FY 2024
2019 U.S. Dollars 3% Discount rate Present Value Cost
Annualized Cost

7% Discount rate
$52,067
11,710

$45,458
11,863

Note: The estimates in this table are contingent upon CBPs vessel arrival/departure projections as well as the discount rates applied.

5. Benefits Cost Savings of Rule Besides its costs to CBP, this rule will provide considerable benefits cost savings to vessel operators and CBP.
Following this rules implementation, vessel operators will enjoy $16.1 million in monetized present value cost savings from forgone paper Form I418

submissions and form printing between FY 2021 and FY 2025 using a 7 percent discount rate. During the same period, CBP will experience a total monetized present value cost saving of $37.2
million from the rules avoided printing, streamlined mobile post-inspection processing and electronic recordkeeping using a 7 percent discount rate. CBP

may dedicate these cost savings to other agency mission areas, such as improving border security or facilitating trade. In total, the monetized cost savings of this rule will equal $53.3 million in present value and $13.9 million on an annualized basis over the period of analysis using a 7 percent discount rate; see Table 3.

TABLE 3TOTAL PRESENT VALUE AND ANNUALIZED BENEFITS COST SAVINGS OF I418 AUTOMATION REGULATORY
PROGRAM FY 2020FY 2024
2019 U.S. Dollars 3% Discount rate Present Value Benefit
Annualized Benefit

7% Discount rate
$62,546,086
14,066,940

$53,306,084
13,910,918

Note: The estimates in this table are contingent upon CBPs vessel arrival/departure projections as well as the discount rates applied.

6. Net Impact of Rule Table 4 summarizes the monetized costs and benefits cost savings of the I418 Automation regulatory program to
vessel operators and CBP from FY 2021
to FY 2025. As illustrated, the savings from this rule outweigh its costs, with the total monetized net cost saving of
the regulatory program measuring $53.3
million in present value and $13.9
million on an annualized basis using a 7 percent discount rate.

TABLE 4NET BENEFIT COST SAVING OF I418 AUTOMATION REGULATORY PROGRAM, FY 2020FY 2024
2019 U.S. Dollars Present values 3% Discount rate
Annualized values
7% Discount rate
3% Discount rate
7% Discount rate
Total Cost
Total Benefit

$52,067
62,546,086

$45,458
53,306,084

$11,710
14,066,940

$11,863
13,910,918

Total Net Benefit

62,494,018

53,260,626

14,055,230

13,899,055

Notes: The estimates in this table are contingent upon CBPs vessel arrival/departure projections as well as the discount rates applied. Estimates may not sum to total due to rounding.

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C. Regulatory Flexibility Act The Regulatory Flexibility Act 5
U.S.C. 601 et seq., as amended by the Small Business Regulatory Enforcement and Fairness Act of 1996, requires an agency to prepare and make available to the public a regulatory flexibility
analysis that describes the effect of a proposed rule on small entities i.e., small businesses, small organizations, and small governmental jurisdictions when the agency is required to publish a general notice of proposed rulemaking for a rule. Since a general notice of
proposed rulemaking is not necessary for this rule, CBP is not required to prepare a regulatory flexibility analysis for this rule.

27 Source: Correspondence with CBPs Office of Field Operations on November 24, 2020.

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