Federal Register - September 10, 2021
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Source: Federal Register
50814
Federal Register / Vol. 86, No. 173 / Friday, September 10, 2021 / Proposed Rules TABLE 6TRAVEL AND INCIDENTAL COSTS TO ATTEND IN-PERSON EVENTS
2021 U.S. dollars Cost
General cost
Low
Medium
High
Transportation
Hotel
Meals & Incidentals
$245
288
165
0
0
0
$245
288
165
$490
576
330
Total
698
0
698
1,396
Overall, as a result of the rule, a single broker would likely incur monetary costs ranging from $31.27 low to $624
medium to $1,097 high per year to
complete 36 hours of continuing education in a 3-year period. Over a 6year period of analysis, these costs sum to $188 low, $3,744 medium, or
$6,580 high. See Table 7 for a summary of these costs.
TABLE 7ANNUAL COSTS FOR ONE BROKER
2021 U.S. dollars Low Costs 65
2021
2022
2023
2024
2025
2026
Medium
High
Hours 64
Year
Total
Costs
Total
Costs
Total
12
12
12
12
12
12
$2.61
2.61
2.61
2.61
2.61
2.61
$31.27
31.27
31.27
31.27
31.27
31.27
$52
52
52
52
52
52
$624
624
624
624
624
624
$91
91
91
91
91
91
$1,097
1,097
1,097
1,097
1,097
1,097
Total
72
15.64
188
312
3,744
548
6,580
Totals may not sum due to rounding.
There were 13,822 active individual brokers in 2021. CBP estimates that a total of 5,947 would be required to begin to complete continuing education under the terms of the rule in the 6-year period
of analysis, based on a current estimated compliance rate of 60 percent see Historical and Projected Populations Affected by the Rule, above. Therefore, CBP estimates that brokers would incur
costs related to searching for training, fees, travel, and incidentals, ranging from $1,076,537 low to $21,480,353
medium to $37,752,913 high over the 6-year period of analysis. See Table 8.
TABLE 8ANNUAL TRAINING COSTS FOR INDIVIDUAL BROKER LICENSE HOLDERS
2021 U.S. dollars Low Cost 2021
2022
2023
2024
2025
2026
Medium
High
Brokers 66
Year
Total
Cost
Total
Cost
Total
5,529
5,529
5,529
5,947
5,947
5,947
$31.27
31.27
31.27
31.27
31.27
31.27
$172,886
172,886
172,886
185,960
185,960
185,960
$624
624
624
624
624
624
$3,449,621
3,449,621
3,449,621
3,710,497
3,710,497
3,710,497
$1,097
1,097
1,097
1,097
1,097
1,097
$6,062,901
6,062,901
6,062,901
6,521,404
6,521,404
6,521,404
Total
5,947
188
1,076,537
3,744
21,480,353
6,580
37,752,913
jbell on DSKJLSW7X2PROD with PROPOSALS2
Totals may not sum due to rounding.
64 Individual brokers may complete whatever number of hours they prefer during each year, so long as it totals 36 hours in 3 years. CBP designates
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12 hours per year both for ease of presentation and to account for pro-rating for individual brokers who re-activate their licenses within the triennial period.
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65 Costs include tuition/fees, travel costs, and research time costs for each level.
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