H.R. 7641 Cost Estimate, Zero Budget Impact

The CBO published a cost estimate for H.R. 7641, the Transparency in Foreign Assistance Act, concluding the legislation would have no significant effect on the federal budget. The estimate was prepared at the request of the House Committee on Foreign Affairs.

Affected parties, including federal agencies and government contractors involved in foreign assistance programs, should monitor the bill's progress through Congress. If enacted, the bill would require enhanced reporting and transparency measures for foreign assistance expenditures.