Thank you for the question.
The cost is a very difficult one to address, frankly, because it's fairly open-ended, and it depends entirely on what obligations are created on the operational agency. If you took the broadest possible view of the issue on whether the Coast Guard would be tasked with dealing with all derelicts, all wrecks—sunken, historically sunken, about to sink—it really depends on the scoping. I'm not being glib about that; it really does come down to that.
We know there is a list of vessels of concern that are more urgent than others. Where the question is perhaps most pointed for us is the authority to act. Right now, there is a trigger in the legislation for us when there is a reasonable risk of environmental harm of some sort and pollution, but the question really is, what does that mean? What is the trigger point for that? I'll use the word “imminent”. That's from the international law, it's not from the domestic law. What's the trigger point for the Coast Guard to take action? Two things happen when we take action. Well, there are three things. One, we interfere with personal property rights. Two, we interfere with the maritime regime as people understand it. Three, and this harkens back to an earlier question today, we start to incur costs. It's a bit of an odd way to put it, but I'll put it this way nonetheless. We're actually not funded for environmental response; we're funded for environmental readiness.
The system is premised on the polluter paying. If you think of us as a fire hall, we're paid to have the trucks at the ready, but when the bell rings, there's no money because you have to go to the polluter to recover. The reality is that wrecks and derelicts and some other situations fall outside of that best case paradigm, if I can put it that way.
We think there's an authorities question that needs to be clarified if people want the Coast Guard to take action on wrecks and derelicts sooner than we do now. The trigger point will have to be addressed, but we'd be quick to say the financial mechanism to go with it.... And this is not a disguised plea for an A-base injection or something like that. There are lots of mechanisms we could use that don't just increase Coast Guard budgets. There are response funds that could be set up and insurance schemes and things like that. I'm not talking about funding the Coast Guard here; I'm talking about funding a response particularly in a way that makes the polluter responsible whenever possible.
Those are the two issues I'd flag for you.