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S. 960, Syria Transition Support Act of 2013 1 (June 26, 2013)

handle is hein.congrec/cbo11209 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 26, 2013 S. 960 Syria Transition Support Act of 2013 As ordered reported by the Senate Committee on Foreign Relations on May 21, 2013 SUMMARY S. 960 would authorize assistance for the Syrian people and opposition groups. CBO estimates that implementing the bill would have discretionary costs of $3.9 billion over the 2013-2018 period, assuming appropriation of the estimated amounts. Pay-as-you-go procedures apply to this legislation because it would affect direct spending and revenues; however, CBO estimates those effects would not be significant. S. 960 would impose intergovernmental and private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) by expanding existing prohibitions on transactions with the Assad regime in Syria, or any successor regime that is determined to be an illegitimate or replacement government. CBO estimates that the costs of the intergovernmental mandates would fall well below the annual threshold established in UMRA ($75 million in 2013, adjusted annually for inflation) while we estimate that the costs to the private sector would probably be above the annual threshold established by UMRA ($150 million in 2013, adjusted annually for inflation). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of S. 960 is shown in the following table. The costs of this legislation fall within budget functions 150 (international affairs), 370 (commerce and housing credit), and 800 (general government).

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