ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 402, Countering Russian and Other Overseas Kleptocracy Act   [open pdf - 259KB]

This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the House Committee on Foreign Affairs on April 21, 2021. From the Bill Summary: "H.R. 402 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 estimates that enacting H.R. 402 would increase revenues by $180 million over the 2021-2031 period and direct spending by $145 million over the same period. CBO further estimates that implementing the bill would cost a total of $5 million over the 2021-2026 period, subject to the availability of appropriated funds."

Publisher:
Date:
2021-05-13
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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