Description:
Bill Summary H.R. 8453 would require the President to impose sanctions on foreign persons the Administration determines have engaged in corruption or undermined peace, democracy, and stability in Bosnia and Herzegovina. The bill also would require the Administration to report to the Congress on those actions. Estimated Federal Cost The Administration has existing authority to sanction such individuals. If enactment of the bill leads the Administration to broaden those 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 and spent without further appropriation, 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. Sanctions under the bill also would increase the number of people who are subject to civil or criminal monetary penalties. Those penalties are recorded as revenues, and a portion can be spent without further appropriation. In addition, the bill would block transactions in certain assets and property that are in the United States or that come under the control of people in the United States.
