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CBO Cost Estimate - S. 2101 1 (February 27, 2012)

handle is hein.congrec/cbo10675 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE February 27, 2012 S. 2101 Iran Sanctions, Accountability, and Human Rights Act of 2012 As reported by the Senate Committee on Banking, Housing, and Urban Affairs on February 13, 2012 SUMMARY S. 2101 would broaden sanctions against entities engaging in certain transactions with Iran and Syria. Specifically, the bill would impose sanctions against entities that: * Participate in joint ventures with the government of Iran to expand uranium mining or production; * Sell or lease technology that would improve or expand Iran's ability to develop domestic petroleum sources, or refine petroleum and petrochemicals; * Transfer goods or technology that would be used to abuse the human rights of Iranian and Syrian citizens; * Provide material support to the Iranian Revolutionary Guard Corps; or * Provide payment information services to the Central Bank of Iran or other financial institutions that engage in certain transactions with Iran. The bill also would expand reporting requirements for the Departments of State and the Treasury, as well as the Government Accountability Office (GAO). Finally, the bill would require publicly traded companies to disclose certain information to the Securities and Exchange Commission (SEC) related to financial dealings with Iranian companies or their affiliates. CBO estimates that implementing the provisions of S. 2101 would have a discretionary cost of $38 million over the 2012-2017 period to meet additional administrative requirements under the bill, assuming appropriation of the necessary amounts. In addition, enacting 5. 2101 would increase civil penalties (revenues) by $9 million over the 20 13-2022 period and have insignificant effects on direct spending; therefore, pay-as-you-go procedures apply.