Congressional Budget Office Cost Estimate: H.R. 1477, Russian-Venezuelan Threat Mitigation Act   [open pdf - 0B]

"H.R. 1477 would require the Department of State to assess threats posed by security cooperation between Russia and Venezuela and to develop a strategy to counter such threats. It also would require the department to inform the Congress on its threat assessment and the strategy. In addition, the bill would require the President to assess and report to the Congress on the potential risks to national security if Russia acquired the energy company CITGO's [Citgo Petroleum Corporation] assets in the United States. Using information about the costs of similar reports, CBO [Congressional Budget Office] estimates that satisfying the reporting requirements in H.R. 1477 would cost less than $500,000 over the 2019-2024 period; such spending would be subject to the availability of appropriated funds."

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