Congressional Budget Office Cost Estimate: H.R. 4133, Caribbean Basin Security Initiative Authorization Act   [open pdf - 168KB]

This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the House Committee on Foreign Affairs on August 30, 2021. From the Document: "H.R. 4133 would authorize appropriations of $75 million each year over the 2022-2026 period for the Caribbean Basin Security Initiative, a regional foreign assistance program. Under that initiative, those funds would be used to: [1] Promote citizen safety, security, and the rule of law in the Caribbean; [2] Reduce trafficking in narcotics, weapons, bulk cash, and other contraband in the region; [3] Reduce corruption and the malign influence of authoritarian regimes such as China and Russia; [4] Raise public awareness about the benefits of United States assistance programs; and [5] Strengthen the ability of beneficiary countries to prepare for and respond to natural disasters. Using historical spending rates of appropriations for those purposes, CBO estimates that implementing the bill would cost a total of $156 million over the 2022-2026 period and $354 million over the next 10 years, subject to appropriation of the authorized amounts."

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