Bill Overview
Title: Corruption, Overthrowing Rule of Law, and Ruining Ukraine: Putin’s Trifecta Act
Description: This bill requires the President to report to Congress, within 30 days of this bill's enactment, a determination as to whether specified Russian persons meet the criteria to be subject to sanctions under laws that authorize sanctions relating to corruption or human rights violations. Russian persons specified in this bill include businessperson Roman Arkadyevich Abramovich, Minister of Health Mikhail Albertovich Murashko, and First Deputy Premier Andrey Removich Belousov.
Sponsors: Rep. Malinowski, Tom [D-NJ-7]
Target Audience
Population: Individuals in Russia connected to sanctioned entities or leadership
Estimated Size: 5000
- The bill targets specific Russian individuals who may face sanctions.
- Sanctions could affect these individuals in terms of international travel, freezing of assets, and business operations.
- There could be indirect impacts on Russian businesses and industries linked to these individuals, potentially affecting employees and economic sectors.
- Global markets may also feel ripple effects, especially those that deal directly with these sanctioned individuals or their enterprises.
- The sanctions could have political and diplomatic consequences for Russia, affecting the population in terms of governance and international relations.
Reasoning
- The primary target of the CORRUPT Act is Russian individuals involved in specified activities, so direct effects on US citizens will be limited.
- Indirect impacts may occur for US citizens involved in business or investments that connect with these Russian individuals or affected markets.
- Those connected economically or personally to Russian interests may perceive varying levels of impact.
- I will include a mix of individuals from varied socio-economic backgrounds and professions to encompass a balanced range of effects.
- Several interviews will exemplify citizens who may experience no impact to illustrate the policy's limited direct influence within the US.
- We must also consider broader international perceptions and any diplomatic repercussions that, while not directly affecting wellbeing, may alter perceived global stability.
Simulated Interviews
International Business Consultant (New York, NY)
Age: 45 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 4/20
Statement of Opinion:
- I'm quite concerned about the potential confusion and disruptions this could cause in the market.
- If my clients face sanctions, it could strain their operations significantly.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 7 |
| Year 2 | 5 | 7 |
| Year 3 | 6 | 8 |
| Year 5 | 6 | 8 |
| Year 10 | 7 | 8 |
| Year 20 | 7 | 9 |
Software Engineer (Los Angeles, CA)
Age: 32 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 1.0 years
Commonness: 3/20
Statement of Opinion:
- I don't think this will affect me directly, unless our Russian clients pull out due to banking issues.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 9 |
Investor (Chicago, IL)
Age: 29 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 0.0 years
Commonness: 5/20
Statement of Opinion:
- The sanctions might create some volatility in the markets, but I'm not too worried. Diversification is key.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 8 |
| Year 5 | 9 | 9 |
| Year 10 | 9 | 9 |
| Year 20 | 9 | 9 |
Oil Industry Analyst (Dallas, TX)
Age: 40 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 6/20
Statement of Opinion:
- The oil market is volatile, and sanctions could play a role.
- I anticipate some disturbances, but nothing earth-shattering.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 7 |
| Year 3 | 6 | 7 |
| Year 5 | 7 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 9 |
Retired Government Employee (Savannah, GA)
Age: 54 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 0.0 years
Commonness: 10/20
Statement of Opinion:
- I don't see this having any impact on my daily life.
- Sanctions are important for justice, but they feel distant.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Freelance Journalist (Miami, FL)
Age: 38 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 4.0 years
Commonness: 4/20
Statement of Opinion:
- There's potential for remuneration in writing about these sanctions.
- I'll have more interesting topics to cover.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Video Game Developer (San Francisco, CA)
Age: 25 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 0.0 years
Commonness: 8/20
Statement of Opinion:
- As long as my teammates are okay, I don't think this will affect the projects.
- International politics are peripheral to my current work.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 9 |
| Year 5 | 9 | 9 |
| Year 10 | 9 | 9 |
| Year 20 | 9 | 9 |
University Professor (Denver, CO)
Age: 49 | Gender: male
Wellbeing Before Policy: 9
Duration of Impact: 2.0 years
Commonness: 7/20
Statement of Opinion:
- This policy is a great point of discussion in my classes.
- I'll have rich content for academic exploration and debate.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 9 | 9 |
| Year 2 | 9 | 9 |
| Year 3 | 9 | 9 |
| Year 5 | 9 | 9 |
| Year 10 | 9 | 9 |
| Year 20 | 9 | 9 |
Lobbyist (Washington, D.C.)
Age: 58 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 5/20
Statement of Opinion:
- This policy could provide business opportunities in advocacy and further case studies on sanctions.
- There might be increased movement among political circles to discuss implications.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 9 | 8 |
Non-Profit Worker (Seattle, WA)
Age: 34 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 10.0 years
Commonness: 3/20
Statement of Opinion:
- I hope this policy doesn't complicate aid routes to Russia.
- Actions against corruption are welcomed, but humanitarian aid must flow.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 4 | 5 |
| Year 2 | 5 | 5 |
| Year 3 | 5 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Cost Estimates
Year 1: $5000000 (Low: $3000000, High: $7000000)
Year 2: $0 (Low: $0, High: $0)
Year 3: $0 (Low: $0, High: $0)
Year 5: $0 (Low: $0, High: $0)
Year 10: $0 (Low: $0, High: $0)
Year 100: $0 (Low: $0, High: $0)
Key Considerations
- The sanctions target specific individuals and do not encompass broader economic actions, limiting both the economic and political scope of the bill.
- Diplomatic relationships between the U.S. and Russia could be affected by the implementation of the sanctions described in the bill.
- There may be ramifications for global markets, especially sectors and companies heavily involved with the sanctioned individuals.