H.R. 6831, VERDAD Reauthorization Act

April 2, 2024

Cost Estimate

As ordered reported by the House Committee on Foreign Affairs on March 21, 2024

At A Glance

H.R. 6831, VERDAD Reauthorization Act As ordered reported by the House Committee on Foreign Affairs on March 21, 2024
By Fiscal Year, Millions of Dollars			2024	2024-2029		2024-2034
Direct Spending (Outlays)			*	*		*
Revenues			*	*		*
Increase or Decrease (-) in the Deficit			*	*		*
Spending Subject to Appropriation (Outlays)			*	*		*
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?	< $2.5 billion	Statutory pay-as-you-go procedures apply?			Yes
	< $2.5 billion	Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?	No	Contains intergovernmental mandate?			No
	No	Contains private-sector mandate?			Yes, Under Threshold
* = between -$500,000 and $500,000.

Summary

H.R. 6831 would renew an expired prohibition on the export of defense articles and services to Venezuelan security forces. It also would reauthorize sanctions on people who are responsible for or affiliated with efforts to undermine democracy and human rights in Venezuela. Those provisions would be reauthorized through calendar year 2025. The Administration could waive the requirement for sanctions after notifying the Congress of its intent to do so.