Congressional Budget Office Cost Estimate: H.R. 1036, Bassam Barabandi Rewards for Justice Act   [open pdf - 162KB]

This is the Congressional Budget Office Cost Estimate as ordered reported by the House Committee on Foreign Affairs on April 21, 2021. From the Document: "H.R. 1036 would authorize the Department of State to offer rewards for information about the identity or location of individuals and entities that defy sanctions imposed by the United States or the United Nations. [...] To the extent that the bill would result in the department paying more rewards, implementing H.R. [House of Representatives Bill] 1036 would increase spending subject to appropriation; however, it is uncertain whether and when the department would do so. Accounting for that uncertainty and using information about past awards--averaging about $7 million each year--CBO [Congressional Budget Office] estimates that under H.R. 1036 the department would pay less than $500,000, on average, in additional awards in any given year and a total of $1 million over the 2021-2026 period. That spending would be subject to the availability of appropriated funds."

Public Domain
Retrieved From:
Congressional Budget Office: https://www.cbo.gov/
Media Type:
Help with citations