As ordered reported by the House Committee on Foreign Affairs on July 11, 2024
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
0
*
*
Revenues
0
*
*
Increase or Decrease (-) in the Deficit
0
*
*
Spending Subject to Appropriation (Outlays)
0
0
0
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
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
No
Contains intergovernmental mandate?
No
Contains private-sector mandate?
Yes, Under Threshold
* = between -$500,000 and $500,000.
Summary
H.R. 8934 would require the Administration to impose sanctions on any foreign persons knowingly engaged in piracy. Piracy is defined as illegal acts of violence, detention, or depredation, committed for private ends by the crew of the passengers of a private ship or a private aircraft on the high seas against another ship or aircraft.
The Administration has existing authority to sanction foreign persons that present a threat to U.S. national security. If the enactment of H.R. 8934 leads the Administration to broaden those sanctions, additional persons would be subject to sanctions. More people would be denied visas by the Department of State, resulting in an insignificant decrease in revenues from fees. Although most visa fees are retained by the Department of State and spent, some collections are deposited into the Treasury as revenues. Denying foreign nationals entry into the United States also would reduce direct spending on federal benefits (emergency Medicaid or federal subsidies for health insurance, for example) for which those people might otherwise be eligible.
