Bill Overview
Title: INARA Reforms Act
Description: This bill increases the amount of time Congress has to review U.S. agreements with Iran relating to the Iranian nuclear program. The bill also requires the Department of the Treasury to report to Congress on how an agreement impacts the Iranian economy and Iran's frozen currency reserves.
Sponsors: Rep. Bacon, Don [R-NE-2]
Target Audience
Population: Iranian population
Estimated Size: 2100000
- The bill deals with U.S. agreements specifically about the Iranian nuclear program.
- It only concerns U.S. Congress and how it reviews international agreements related to Iran.
- The bill impacts the Department of Treasury's operations in preparing reports.
- The effects extend mainly to U.S. citizens involved in government operations related to these agreements, like lawmakers and administrative officials.
- Indirectly, the results of the agreements can impact the larger Iranian population, but they are not the direct target of this bill.
Reasoning
- This policy primarily impacts individuals who are directly involved in the context of U.S. governmental operations related to international agreements, notably with Iran.
- The population primarily affected would be lawmakers, administrative officials, and perhaps members of think tanks focused on international relations.
- Considering the bill's aims, the policy does not have a direct financial impact that trickles down to general American citizens.
- The indirect effects such as changes in U.S.-Iran relations could influence public perception and thus, well-being for those closely monitoring international politics or who are of Iranian descent.
- Due to the budget constraints, the policy is unlikely to have widespread direct financial effects on the general population, focusing on government operations instead.
- Therefore, the interviews simulate perceptions and indirect effects on wellbeing in a small niche population.
Simulated Interviews
Senator (Washington D.C.)
Age: 55 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 2/20
Statement of Opinion:
- This policy gives us more time to make informed decisions.
- It will help in avoiding impulsive decisions regarding sensitive international agreements.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 9 | 7 |
| Year 5 | 9 | 6 |
| Year 10 | 8 | 6 |
| Year 20 | 7 | 5 |
International Relations Think Tank Analyst (New York)
Age: 42 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 5/20
Statement of Opinion:
- It's important that Congress has more time, providing more data could lead to more accurate analyses.
- This could lead to greater stability in policies concerning Iran.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 8 | 5 |
| Year 10 | 7 | 5 |
| Year 20 | 6 | 4 |
Journalist (Los Angeles, CA)
Age: 30 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 2.0 years
Commonness: 8/20
Statement of Opinion:
- Additional reports could enhance transparency, but legislative delays can be frustrating.
- A positive step towards comprehensive international reporting.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 4 |
| Year 5 | 6 | 4 |
| Year 10 | 5 | 4 |
| Year 20 | 5 | 3 |
Retired (San Francisco, CA)
Age: 65 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 6/20
Statement of Opinion:
- Glad to see measures that increase congressional oversight.
- Offers hope for more stable international relations.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 7 | 5 |
| Year 10 | 6 | 5 |
| Year 20 | 5 | 4 |
Activist (Houston, TX)
Age: 50 | Gender: other
Wellbeing Before Policy: 7
Duration of Impact: 4.0 years
Commonness: 4/20
Statement of Opinion:
- Encouraging step for those who support diplomacy.
- Helps ensure careful evaluation of agreements.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 8 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 7 | 5 |
| Year 20 | 6 | 4 |
Compliance Officer at Financial Institution (Boston, MA)
Age: 28 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 5/20
Statement of Opinion:
- Practical for ensuring compliance alignment.
- Enhanced details in reports are beneficial for our work.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 5 |
| Year 5 | 7 | 5 |
| Year 10 | 6 | 5 |
| Year 20 | 5 | 4 |
Financial Analyst (Chicago, IL)
Age: 45 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 3/20
Statement of Opinion:
- Having extra time means more predictability for markets.
- Appreciate detailed reports from the Treasury.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 7 | 5 |
| Year 3 | 7 | 5 |
| Year 5 | 7 | 5 |
| Year 10 | 6 | 4 |
| Year 20 | 5 | 3 |
U.S. Treasury Department Official (Seattle, WA)
Age: 53 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 5.0 years
Commonness: 1/20
Statement of Opinion:
- This policy increases workload but improves the quality of decision-making for Congress.
- The added pressure is balanced by better outcomes.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 9 | 7 |
| Year 3 | 9 | 7 |
| Year 5 | 9 | 6 |
| Year 10 | 8 | 6 |
| Year 20 | 7 | 5 |
Political Science Professor (Atlanta, GA)
Age: 35 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 4.0 years
Commonness: 4/20
Statement of Opinion:
- This will make my courses more interesting and relevant with more content.
- Useful for the understanding of international diplomacy processes.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 8 | 5 |
| Year 10 | 7 | 5 |
| Year 20 | 6 | 4 |
Political Commentator (Miami, FL)
Age: 60 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 4.0 years
Commonness: 4/20
Statement of Opinion:
- Positive development for responsible governance.
- More material for insightful commentary and analysis.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 8 | 5 |
| Year 5 | 8 | 5 |
| Year 10 | 7 | 5 |
| Year 20 | 6 | 4 |
Cost Estimates
Year 1: $5000000 (Low: $4000000, High: $6000000)
Year 2: $5000000 (Low: $4000000, High: $6000000)
Year 3: $5000000 (Low: $4000000, High: $6000000)
Year 5: $5000000 (Low: $4000000, High: $6000000)
Year 10: $5000000 (Low: $4000000, High: $6000000)
Year 100: $5000000 (Low: $4000000, High: $6000000)
Key Considerations
- The bill primarily imposes administrative and procedural changes.
- The impact on the U.S. economy directly through this bill is minimal.
- Potential geopolitical impacts might occur but are speculative.
- The main financial impacts are related to government process efficiency and administrative costs.