ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 3843, Countering Russian and Other Overseas Kleptocracy Act   [open pdf - 113KB]

This is the Congressional Budget Office Cost Estimate as ordered reported by the House Committee on Foreign Affairs on December 18, 2019. From the Bill Summary: "H.R. 3843 would impose new penalties and allow the Department of State to use those collections to reduce corruption by public officials in foreign countries. It also would require the Department of State to establish an interagency task force to coordinate all federal efforts to help foreign countries reduce corruption. CBO [Congressional Budget Office] estimates that enacting H.R. 3843 would increase revenues by $140 million over the 2020-2030 period and direct spending by $110 million over the same period. CBO further estimates that implementing the bill would cost a total of $5 million over the 2020-2025 period, subject to the availability of appropriated funds."

Publisher:
Date:
2020-02-12
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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