H.R. 1771, North Korea Sanctions Enforcement Act of 2014

Cost Estimate
June 26, 2014

As ordered reported by the House Committee on Foreign Affairs on May 29, 2014

H.R. 1771 would expand existing sanctions against North Korea. CBO estimates that implementing the bill would cost $10 million over the 2015-2019 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.

Provisions of H.R. 1771 would increase administrative costs of the Department of State and the Department of the Treasury. Based on information from the Administration, CBO estimates that the departments would hire 10 additional employees to implement the bill and would require additional appropriations averaging $2 million a year over the 2015-2019 period.