H.R. 4691 would establish a congressional review process for any Presidential actions to relieve sanctions on foreign persons supporting Iran. The Administration would be required to submit a report to the Congress, explaining and justifying any proposed changes to Iranian sanctions. It would not be permitted to implement the proposed changes until the review period expired or the Congress passed a joint resolution of approval. The Congress could block the proposed changes through a joint resolution of disapproval.
Any limitation on the Administration’s authority to control Iranian sanctions would require further Congressional action. Thus, CBO estimates that enacting H.R. 4691 would not affect revenues or direct spending over the 2023‑2033 period; any effects would be attributable to future Congressional joint resolutions of disapproval.
Using information about similar reports, CBO estimates that reports to the Congress detailing proposed sanctions changes would cost less than $500,000 over the 2023‑2028 period; any spending would be subject to availability of appropriated funds.
