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H.R. 4411, Hezbollah International Financing Prevention Act of 2014 (CBO Report for Congress)

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Congress 113th
Date Requested June 26, 2014
Requested By House Committee on Foreign Affairs
Date Sent July 11, 2014
Description:

As ordered reported by the House Committee on Foreign Affairs on June 26, 2014

H.R. 4411 would impose sanctions on foreign financial institutions that facilitate transactions or money laundering on behalf of Hezbollah—a terrorist organization—or its agents. It would require several reports and briefings on Hezbollah and the Administration’s efforts to deter its activities. CBO estimates that implementing the bill would cost $3 million over the 2015-2019 period, assuming appropriation of the necessary amounts. Pay-as-you-go procedures apply to this legislation because it would affect direct spending and revenues; however, CBO estimates that those effects would not be significant.

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