H.R. 2384 would establish a working group within the Department of the Treasury to research terrorists’ use of new financial technologies, including digital assets, and report on its findings. The working group would comprise 11 senior-level representatives from specified agencies in the federal government and 5 people representing businesses and other interested organizations. The bill would require the working group to report within 180 days of enactment on the evasion of sanctions using digital assets to the Congress and to report annually to the Congress and other executive branch agencies about its findings. Under the bill, the working group would sunset four years after enactment.
Using information about the costs of similar working groups, CBO estimates that implementing H.R. 2384 would cost less than $500,000 annually, totaling $1 million over the 2025-2030 period for administrative costs; any related spending would be subject to the availability of appropriated funds.
The CBO staff contact for this estimate is Matthew Pickford. The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.
