(B) in subparagraph (D), by striking the 
period at the end and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(E) $38,000,000 for each of fiscal years 
2019 through 2024.’’; 
(4) in paragraph (4)— 
(A) in subparagraph (C), by striking 
‘‘and’’; 
(B) in subparagraph (D), by striking the 
period at the end and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(E) $45,000,000 for each of fiscal years 
2019 through 2024.’’; and 
(5) in paragraph (5)— 
(A) in subparagraph (C), by striking 
‘‘and’’; 
(B) in subparagraph (D), by striking the 
period at the end and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(E) $35,000,000 for each of fiscal years 
2019 through 2024.’’. 
SEC. 15. BLUE ECONOMY VALUATION. 
(a) MEASUREMENT
OF BLUE ECONOMY INDUS-
TRIES.—The Administrator, the Director of the Bureau 
of Economic Analysis, the Commissioner of the Bureau 
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of Labor Statistics, the Secretary of the Treasury, and 
the heads of other relevant Federal agencies, shall 
prioritize the collection, aggregation, and analysis of data 
to measure the value and impact of industries related to 
the Great Lakes, oceans, bays, estuaries, and coasts on 
the economy of the United States, including living re-
sources, marine construction, marine transportation, off-
shore mineral extraction, ship and boat building, tourism, 
recreation, subsistence, and such other industries the Ad-
ministrator considers appropriate (known as ‘‘Blue Econ-
omy’’ industries). 
(b) COLLABORATION.—In carrying out subsection 
(a), the Administrator shall— 
(1) work with the Director of the Bureau of 
Economic Analysis and the heads of other relevant 
Federal agencies to develop a Coastal and Ocean 
Economy Satellite Account that includes national 
and State-level statistics to measure the contribution 
of the Great Lakes, oceans, bays, estuaries, and 
coasts to the overall economy of the United States; 
and 
(2) collaborate with national and international 
organizations and governments to promote consist-
ency of methods, measurements, and definitions to 
ensure comparability of results between countries. 
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(c) REPORT.—Not less frequently than once every 2 
years, the Administrator, in consultation with the Director 
of the Bureau of Economic Analysis, the Commissioner 
of the Bureau of Labor Statistics, the Secretary of the 
Treasury, and the heads of other relevant Federal agen-
cies, shall publish a report that— 
(1) defines the Blue Economy, in coordination 
with academia, industry, nongovernmental organiza-
tions, and other relevant experts; 
(2) makes recommendations for updating North 
American Industry Classification System (NAICS) 
reporting codes to reflect the Blue Economy; and 
(3) provides a comprehensive estimate of the 
value and impact of the Blue Economy with respect 
to each State and territory of the United States, in-
cluding— 
(A) the value and impact of— 
(i) economic activities that are de-
pendent upon the resources of the Great 
Lakes, oceans, bays, estuaries, and coasts; 
(ii) the population and demographic 
characteristics of the population along the 
coasts; 
(iii) port and shoreline infrastructure; 
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(iv) the volume and value of cargo 
shipped by sea or across the Great Lakes; 
and 
(v) data collected from the Great 
Lakes, oceans, bays, estuaries, and coasts, 
including such data collected by businesses 
that purchase and commodify the data, in-
cluding weather prediction and seasonal 
agricultural forecasting; and 
(B) to the extent possible, the qualified 
value and impact of the natural capital of the 
Great Lakes, oceans, bays, estuaries, and coasts 
with respect to tourism, recreation, natural re-
sources, and cultural heritage, including other 
indirect values. 
SEC. 
16. 
ADVANCED 
RESEARCH 
PROJECTS 
AGENCY– 
OCEANS. 
(a) AGREEMENT.—Not later than 45 days after the 
date of the enactment of this Act, the Administrator shall 
seek to enter into an agreement with the National Acad-
emy of Sciences to conduct the comprehensive assessment 
under subsection (b). 
(b) COMPREHENSIVE ASSESSMENT.— 
(1) IN
GENERAL.—Under an agreement be-
tween the Administrator and the National Academy 
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of Sciences under this section, the National Acad-
emy of Sciences shall conduct a comprehensive as-
sessment of the need for and feasibility of estab-
lishing an Advanced Research Projects Agency– 
Oceans (ARPA–O). 
(2) ELEMENTS.—The comprehensive assess-
ment carried out pursuant to paragraph (1) shall in-
clude— 
(A) an assessment of how an ARPA–O 
could help overcome the long-term and high-risk 
technological barriers in the development of 
ocean technologies, with the goal of enhancing 
the economic, ecological, and national security 
of the United States through the rapid develop-
ment of technologies that result in— 
(i) improved data collection, moni-
toring, and prediction of the ocean environ-
ment, including sea ice conditions; 
(ii) overcoming barriers to the appli-
cation of new and improved technologies, 
such as high costs and scale of operational 
missions; 
(iii) improved management practices 
for protecting ecological sustainability; 
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