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cost estimate
June 28, 2013
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As ordered reported by the House Committee on Foreign Affairs on May 22, 2013
H.R. 850 would amend and expand existing sanctions against Iran. CBO estimates that implementing the bill would have discretionary costs of about $22 million over the 2014-2018 period, assuming appropriation of the estimated amounts. Pay-as-you-go procedures apply to this legislation because it would affect direct spending and revenues; however, CBO estimates that those effects would not be significant.
The estimated budgetary impact of H.R. 850 is shown in the following table. The costs of this legislation fall primarily within budget functions 150 (international affairs), 400 (transportation), and 800 (general government).