Congressional Budget Office Cost Estimate: H.R. 5208, North Korea State Sponsor of Terrorism Designation Act of 2016   [open pdf - 20KB]

This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the House Committee on Foreign Affairs on June 16, 2016. From the Document: "H.R. 5208 would require the Department of State to report to the Congress on the involvement of the North Korean government in terrorist acts, terrorist groups, arms proliferation, cyber-attacks or hacking, assassination attempts, and similar activities. If the department concluded that the North Korean government is involved in such activities it would be required to consider whether to designate that government as a state sponsor of terrorism. If the department decided against such a designation it would be required to justify that decision to the Congress. On the basis of costs for similar reporting requirements, CBO estimates that implementing the bill would cost less than $500,000 over the 2017-2021 period; such spending would be subject to the availability of appropriated funds. Pay-as-you-go procedures do not apply because enacting H.R. 5208 would not affect direct spending or revenues. CBO estimates that enacting H.R. 5208 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027."

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