May 13, 2021 Cost Estimate As ordered reported by the House Committee on Foreign Affairs on April 21, 2021 View Document259.13 KB Summary The bill would • Impose new penalties for certain criminal violations • Authorize the Department of State to spend amounts collected from those penalties to reduce corruption by public officials in foreign countries • Establish an interagency task force to coordinate federal efforts to help foreign countries reduce corruption Estimated budgetary effects would mainly stem from • Increases in revenues from penalties • Spending to reduce corruption Areas of significant uncertainty include • Estimating the number of entities that would be charged additional penalties • Anticipating the extent to which new penalties under the bill would reduce the collection of related, existing penalties Data and Supplemental Information Table 1 Table 2 Legislative Information Available From Congress.gov
The bill would • Impose new penalties for certain criminal violations • Authorize the Department of State to spend amounts collected from those penalties to reduce corruption by public officials in foreign countries • Establish an interagency task force to coordinate federal efforts to help foreign countries reduce corruption Estimated budgetary effects would mainly stem from • Increases in revenues from penalties • Spending to reduce corruption Areas of significant uncertainty include • Estimating the number of entities that would be charged additional penalties • Anticipating the extent to which new penalties under the bill would reduce the collection of related, existing penalties
