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H.R. 3033, Solidify Iran Sanctions Act of 2023 (CBO Report for Congress)

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Congress 118th
Date Requested June 21, 2023
Requested By House Committee on Foreign Affairs
Date Sent June 27, 2023
Description:
H.R. 3033 would permanently reauthorize the Iran Sanctions Act of 1996 (Public Law 104‑172), which expires at the end of the calendar year 2026. The Administration can impose the sanctions authorized in that act using other authorities available under current law. If enactment of the bill leads the Administration to maintain sanctions that will be lifted after expiration of the Iran Sanctions Act, 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.

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