Congressional Budget Office Cost Estimate: S. 1041, Reinforcing Nicaragua's Adherence to Conditions for Electoral Reform Act of 2021   [open pdf - 161KB]

This is the Congressional Budget Office (CBO) Cost Estimate as reported by the Senate Committee on Foreign Relations on June 24, 2021. From the Document: "S. 1041 would require the Department of State to assess and report to the Congress on efforts to use targeted sanctions and diplomacy to promote free, fair, and transparent elections in Nicaragua, and to coordinate the department's efforts with U.S. allies. The bill also would require the department to report to the Congress on several related issues, including cooperation between Nicaragua and Russia on military, intelligence, and other matters. Finally, S. 1041 would require the Department of the Treasury to increase its scrutiny of assistance provided to Nicaragua by international financial institutions and to report to the Congress on its actions. On the basis of information about the costs to prepare similar reports, CBO estimates that satisfying those various reporting requirements would cost less than $500,000 each year and total $1 million over the 2021-2026 period."

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