“H.R. 1905 would amend and expand existing sanctions against Iran. CBO estimates that implementing the bill would have a discretionary cost of $128 million over the 2012-2016 period, assuming appropriation of the necessary amounts. In addition, enacting the bill would increase revenues by $57 million over the 2012-2021 period and have insignificant effects on direct spending; therefore, pay-as-you-go procedures apply. The sanctions contained in H.R. 1905 would be intergovernmental and private sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). CBO cannot determine whether the cost of complying with those mandates would exceed the annual threshold for private-sector mandates ($42 million in 2011, adjusted annually for inflation). We estimate that compliance costs would not exceed the threshold for intergovernmental mandates ($71 million in 2011, adjusted annually for inflation).”
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