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H.R. 3843, Countering Russian and Other Overseas Kleptocracy Act (CBO Report for Congress)

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Congress 116th
Date Requested Dec. 18, 2019
Requested By House Committee on Foreign Affairs
Date Sent Feb. 12, 2020
Description:
The bill would Impose new penalties for certain criminal violations Authorize the Department of State to spend amounts collected from those penalties to reduce corruption by public officials in foreign countries Establish an interagency task force to coordinate federal efforts to help foreign countries reduce corruption Estimated budgetary effects would primarily stem from Increases in revenues from penalties Spending to reduce corruption Areas of significant uncertainty include Estimating the number of entities that would be charged additional penalties Anticipating the extent to which new penalties under the bill would reduce the collection of related, existing penalties

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