ABSTRACT

Congressional Budget Office Cost Estimate: S. 2124, Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Ukraine Act of 2014   [open pdf - 38KB]

"S. 2124 would provide funds to implement a U.S. quota increase at the International Monetary Fund (IMF), rescind other funds previously appropriated for the IMF, and provide or authorize various forms of assistance to Ukraine and the surrounding region. It would require sanctions on individuals responsible for violence, corruption, human rights abuses, or undermining stability in Ukraine, and would authorize sanctions on certain individuals in Russia. CBO [Congressional Budget Office] estimates that enacting the bill would decrease direct spending by $373 million over the 2014-2024 period. S. 2124 would achieve that decrease mostly by rescinding funds that were provided as an emergency requirement. Certain sanctions, if enacted, would affect revenues, but CBO estimates that those effects would not be significant. Pay-as-you-go procedures apply because enacting the legislation would affect direct spending and revenues. CBO estimates that the statutory pay-as-you-go effects of S. 2124 (which, by law, do not including the effect of rescinding funds provided under the emergency designation) would be to increase the deficit by $320 million over the 2014-2024 period."

Publisher:
Date:
2014-03-24
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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