ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 6751: Banking Transparency for Sanctioned Persons Act of 2018   [open pdf - 82KB]

Alternate Title: CBO Cost Estimate: H.R. 6751 Banking Transparency for Sanctioned Persons Act of 2018

"H.R. 6751 would require the Department of the Treasury to report twice a year to the Congress on any licenses the department issued to financial institutions that permits them to work with nations that sponsor terrorist activities and the names of any financial institutions working with sanctioned persons. Some specified activities would be exempt from this reporting requirement. The reporting requirement would end seven years after enactment. Using information from the department, CBO [Congressional Budget Office] estimates that implementing H.R. 6751 would not impose a significant administration burden and would thus have no significant cost."

Publisher:
Date:
2018-09-27
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: https://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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