Policy Impact Analysis - 117/HR/7312

Bill Overview

Title: To prohibit the use of Federal funds to support or facilitate the participation of the Russian Federation in the Group of Seven, and for other purposes.

Description: This bill prohibits using federal funds to support or facilitate (1) Russia's participation in a Group of Seven (G-7) proceeding, or (2) a reconstituted Group of Eight (G-8) that includes Russia. (The G-7 is an informal group consisting of seven of the world's largest advanced economies. In 2014, the G-8 became the G-7 when Russia 's membership was suspended following Russia's annexation of the Crimea region of Ukraine.)

Sponsors: Rep. Keating, William R. [D-MA-9]

Target Audience

Population: Russian citizens and those indirectly linked to Russia's global diplomatic relationships

Estimated Size: 50000

Reasoning

Simulated Interviews

International Trade Consultant (New York, NY)

Age: 45 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 3/20

Statement of Opinion:

  • While I understand the geopolitical reasons for such a policy, it complicates my work with Russian markets.
  • It may deter some clients who are wary of increased political tension.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 6
Year 2 5 6
Year 3 6 6
Year 5 6 7
Year 10 7 8
Year 20 7 8

Software Developer (Chicago, IL)

Age: 32 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 4/20

Statement of Opinion:

  • Globally, I see why this decision was made but it potentially impacts the startup's expansion plans.
  • I'm concerned about the potential for increased economic isolation of Russia.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 6 7
Year 3 6 7
Year 5 7 8
Year 10 8 9
Year 20 7 9

Graduate Student (San Francisco, CA)

Age: 27 | Gender: other

Wellbeing Before Policy: 8

Duration of Impact: 5.0 years

Commonness: 5/20

Statement of Opinion:

  • This policy is vital in maintaining international pressure, a significant case for my thesis.
  • I’m curious about the long-term effects on diplomatic relations.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 9 8
Year 5 9 9
Year 10 9 9
Year 20 9 9

Oil Industry Executive (Dallas, TX)

Age: 50 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 15.0 years

Commonness: 2/20

Statement of Opinion:

  • Such sanctions complicate business strategies, potentially disrupting supply channels.
  • This adds to the geopolitical risk we have to manage.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 7
Year 2 6 7
Year 3 5 8
Year 5 6 8
Year 10 7 9
Year 20 8 9

Finance Analyst (Los Angeles, CA)

Age: 40 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 5/20

Statement of Opinion:

  • The consistency of foreign policy is crucial for minimizing market volatility.
  • Long-term implications for investors who engage in Russian markets are substantial.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 6 7
Year 3 6 8
Year 5 7 8
Year 10 7 8
Year 20 8 9

Retired Diplomat (Washington D.C.)

Age: 65 | Gender: male

Wellbeing Before Policy: 9

Duration of Impact: 5.0 years

Commonness: 1/20

Statement of Opinion:

  • This aligns with global efforts to hold Russia accountable, reinforcing a diplomatic stand.
  • It reflects similar actions I advocated during my career.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 9 9
Year 2 9 9
Year 3 8 9
Year 5 8 9
Year 10 9 9
Year 20 9 9

College Student (Boston, MA)

Age: 22 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 2.0 years

Commonness: 10/20

Statement of Opinion:

  • I'm not directly affected, but it's interesting to learn how such policies shape global economics.
  • I hope it’s beneficial or at least neutral for future global relations.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 7 7
Year 3 7 8
Year 5 7 8
Year 10 8 9
Year 20 8 9

Import/Export Business Owner (Miami, FL)

Age: 43 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 8.0 years

Commonness: 3/20

Statement of Opinion:

  • This could complexify logistics and increase costs for my company with Russian suppliers.
  • I'm considering contingency plans.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 4 5
Year 2 5 6
Year 3 5 6
Year 5 6 7
Year 10 7 8
Year 20 7 8

Cultural Exchange Program Director (Seattle, WA)

Age: 56 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 4.0 years

Commonness: 2/20

Statement of Opinion:

  • Cultural diplomacy is a valuable form of soft power, and policies like this can unintentionally hinder it.
  • I'm cautious but hopeful it does not affect cultural collaborations.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 8
Year 2 7 8
Year 3 7 8
Year 5 8 9
Year 10 9 9
Year 20 9 9

Energy Policy Analyst (Houston, TX)

Age: 30 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 4/20

Statement of Opinion:

  • This is a significant move impacting energy geopolitics, potentially reshaping supply lines and partnerships.
  • I've been expecting shifts in policy direction.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 7
Year 2 6 7
Year 3 6 7
Year 5 7 8
Year 10 8 9
Year 20 9 9

Cost Estimates

Year 1: $200000 (Low: $100000, High: $300000)

Year 2: $200000 (Low: $100000, High: $300000)

Year 3: $200000 (Low: $100000, High: $300000)

Year 5: $200000 (Low: $100000, High: $300000)

Year 10: $200000 (Low: $100000, High: $300000)

Year 100: $200000 (Low: $100000, High: $300000)

Key Considerations