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Estimated Budgetary Effects of H.R. 8038, The 21st Century Peace Through Strength Act of 2024 (CBO Report for Congress)

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Congress 118th
Date Requested April 17, 2024
Date Sent April 19, 2024
Description:
H.R. 8038 would impose certain sanctions with respect to Russian, Iran, and other entities. CBO estimates that implementing the bill would increase direct spending and revenues, and would, on net, reduce deficits by $17 billion over the 2024-2033 period.

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