ABSTRACT

Congressional Budget Office Cost Estimate: Estimated Budgetary Effects of H.R. 7108, the Suspending Normal Trade Relations with Russia and Belarus Act   [open pdf - 113KB]

This is the Congressional Budget Office (CBO) Cost Estimate as passed by the House of Representatives on March 17, 2022. From the Document: "The act would suspend normal trade relations with Russia and Belarus. By suspending normal trade relations, some U.S. imports from Russia and Belarus would be subject to higher customs duties than under current law. H.R. 7108 would modify the authority to impose sanctions on individuals who commit serious human rights abuses or significant acts of corruption under current law. Using information about similar sanctions, CBO estimates that the sanctions in the act would affect a small number of people. Thus, enacting the legislation would have insignificant effects on revenues and direct spending. Implementing the legislation would have insignificant effects on spending subject to appropriation; any spending would be subject to the availability of appropriated funds."

Publisher:
Date:
2022-03-17
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: https://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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