H.R. 3460, a bill to suspend until January 21, 2017, the authority of the President to waive, suspend, reduce, provide relief from, or otherwise limit the application of sanctions pursuant to an agreement related to the nuclear program of Iran

CBO has reviewed H.R. 3460, a bill to suspend until January 21, 2017, the authority of the President to waive, suspend, reduce, provide relief from, or otherwise limit the application of sanctions pursuant to an agreement related to the nuclear program of Iran, as passed by the House of Representatives on September 11, 2015.

CBO estimates that enacting the legislation would increase both revenues and direct spending; therefore, pay-as-you-go procedures apply. Together, the changes to revenues and direct spending would reduce federal budget deficits by $50 million over the 2016-2025 period, CBO estimates (see attached table).

H.R. 3460 would prohibit the President from implementing any form of relief from statutory sanctions by the United States under any agreement related to Iran’s nuclear program until January 21, 2017.