Congressional Budget Office Cost Estimate: H.R. 3289, Hong Kong Human Rights and Democracy Act of 2019   [open pdf - 40KB]

This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the House Committee on Foreign Affairs on September 25, 2019. From the Document: "H.R. 3289 would require the Administration to impose sanctions on foreign persons (individuals or entities) responsible for human rights violations in Hong Kong. By requiring sanctions, CBO estimates that enacting H.R. 3289 would increase the number of people who would be denied visas by the Department of State and the number who would be subject to civil or criminal penalties. Most visa fees are retained by the department and spent without further appropriation, but some fees are deposited in the Treasury as revenues. Penalties also are recorded as revenues, and a portion of those penalties can be spent without further appropriation. Because CBO expects that very few additional people would be affected, CBO estimates that those provisions would have insignificant effects on both revenues and direct spending."

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