As ordered reported by the House Committee on Foreign Affairs on November 20, 2014
H.R. 5241 would prohibit the U.S. government from recognizing the sovereignty of the Russian Federation over Crimea’s territory, but would allow the President to waive that provision in the interest of national security. The U.S. government does not recognize Russia’s annexation of Crimea earlier this year; therefore, CBO estimates that implementing the bill would have no effect on the federal budget. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
H.R. 5241 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would not affect the budgets of state, local, or tribal governments.