Bill Overview
Title: Defund Davos Act
Description: This bill restricts federal funding for the World Economic Forum.
Sponsors: Rep. Perry, Scott [R-PA-10]
Target Audience
Population: Individuals engaged in and influenced by global policy discussions initiated by the WEF
Estimated Size: 10000000
- The World Economic Forum (WEF) brings together business leaders, international political leaders, economists, celebrities, and journalists from various sectors to discuss global issues.
- Restricting federal funding for the WEF could impact its ability to organize events, particularly the Davos meetings, which could influence global economic and political discussions.
- Individuals who participate or are indirectly influenced by the outcomes of WEF discussions—such as policymakers, businesses, and NGOs—might be impacted.
- The impact might also indirectly affect those who benefit from the policies or collaborations initiated or fostered by WEF meetings.
Reasoning
- The policy impacts a relatively niche segment of the population closely tied to global economic discussions.
- The direct impact might be felt by those in international policy and business sectors who interact with WEF platforms.
- The secondary or indirect impact could be seen over time in wider economic policies influenced by WEF discussions.
- Common citizens may not perceive immediate impacts, given the indirect nature of WEF's influence.
- The scale of WEF's influence and its interdisciplinary nature means impacts are complex and diffuse.
- Cost limitation in the policy means the scope of impact might be more concentrated around key government or business representatives.
- Significant portion of affected individuals might be non-direct participants who experience trickle-down effects in terms of innovation or policy shifts.
- Since funding affects the organizational capabilities of WEF, shifts might be more gradual affecting ongoing discussions.
- Considering the budget, immediate direct impacts might be minimal in the first year and grow over the 10-year period depending on shifts in international dialogues.
- The $25,000,000 budget in year 1 for a policy defunding a non-domestic entity does not directly translate to visible domestic changes immediately.
Simulated Interviews
Lobbyist (Washington D.C.)
Age: 45 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 5/20
Statement of Opinion:
- The WEF is a key platform for international policy discussion and its defunding could reduce the U.S. influence on global economic policies.
- In my line of work, reduced U.S. engagement at WEF means potentially less leverage and partnership opportunities, which can be vital for negotiation.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 6 | 7 |
| Year 5 | 6 | 7 |
| Year 10 | 5 | 7 |
| Year 20 | 5 | 7 |
International Business Consultant (New York, NY)
Age: 32 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 10.0 years
Commonness: 3/20
Statement of Opinion:
- Attending WEF meetings allows fostering of crucial international business relationships.
- If the U.S.'s presence shrinks, it could be harder for American companies to influence international standards.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 8 |
| Year 2 | 7 | 8 |
| Year 3 | 6 | 8 |
| Year 5 | 5 | 8 |
| Year 10 | 4 | 8 |
| Year 20 | 4 | 8 |
Tech Entrepreneur (San Francisco, CA)
Age: 29 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 20.0 years
Commonness: 4/20
Statement of Opinion:
- While WEF discussions might sometimes feel high-level, they do influence industry trends, especially in technology.
- Immediate impact might be minimal, but long-term industry influences are a concern if U.S. loses presence.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 5 | 6 |
| Year 10 | 5 | 6 |
| Year 20 | 4 | 6 |
Academic Researcher (Chicago, IL)
Age: 39 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 10.0 years
Commonness: 4/20
Statement of Opinion:
- The WEF is an unmatched nexus for global policy ideas, especially on climate change.
- Lessening U.S. involvement might delay international environmental negotiations, indirectly impacting research funding.
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 | 6 | 8 |
| Year 10 | 6 | 8 |
| Year 20 | 5 | 8 |
Non-profit Director (Los Angeles, CA)
Age: 50 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 20.0 years
Commonness: 2/20
Statement of Opinion:
- Diminished U.S. funds to WEF could complicate NGO partnerships reliant on U.S. facilitation.
- Without U.S. leadership at WEF, some initiatives may see less international cooperation.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 7 |
| Year 2 | 6 | 7 |
| Year 3 | 5 | 7 |
| Year 5 | 5 | 7 |
| Year 10 | 4 | 7 |
| Year 20 | 3 | 6 |
Oil Industry Executive (Houston, TX)
Age: 55 | Gender: male
Wellbeing Before Policy: 9
Duration of Impact: 20.0 years
Commonness: 3/20
Statement of Opinion:
- WEF discussions impact global energy policy, which is critical for the oil industry.
- Reduced U.S. influence might shift energy negotiations unfavorably for domestic oil interests.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 9 |
| Year 2 | 8 | 9 |
| Year 3 | 7 | 9 |
| Year 5 | 7 | 9 |
| Year 10 | 6 | 9 |
| Year 20 | 6 | 8 |
Policy Analyst (Boston, MA)
Age: 27 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 20.0 years
Commonness: 6/20
Statement of Opinion:
- Altering funding affects U.S.'s strategic presence in global dialogues, which could impact global policy shifts.
- This long-term shift can have rippling effects on national policy adjustments.
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 | 5 | 7 |
| Year 10 | 5 | 7 |
| Year 20 | 4 | 7 |
Retired Diplomat (Miami, FL)
Age: 64 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 5.0 years
Commonness: 5/20
Statement of Opinion:
- The role of U.S. at WEF is integral for maintaining diplomatic relations.
- Reduction in funding can handicap initiatives stemming from international dialogues held at WEF.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 7 | 8 |
| Year 3 | 7 | 8 |
| Year 5 | 6 | 8 |
| Year 10 | 6 | 8 |
| Year 20 | 6 | 7 |
Economist (Austin, TX)
Age: 38 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 7/20
Statement of Opinion:
- U.S. presence in global forums like WEF is crucial for maintaining influence on economic policies.
- Defunding these platforms can reduce channels of influence for shaping international economic agendas.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 6 | 7 |
| Year 5 | 5 | 7 |
| Year 10 | 5 | 7 |
| Year 20 | 5 | 7 |
Healthcare Administrator (Atlanta, GA)
Age: 42 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 20.0 years
Commonness: 4/20
Statement of Opinion:
- WEF fosters essential discussions on healthcare policies that have trickle-down effects.
- U.S. disengagement can limit insights and collaborations in global health advancements.
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 | 7 | 8 |
| Year 10 | 7 | 8 |
| Year 20 | 6 | 8 |
Cost Estimates
Year 1: $25000000 (Low: $10000000, High: $50000000)
Year 2: $25000000 (Low: $10000000, High: $50000000)
Year 3: $25000000 (Low: $10000000, High: $50000000)
Year 5: $25000000 (Low: $10000000, High: $50000000)
Year 10: $25000000 (Low: $10000000, High: $50000000)
Year 100: $25000000 (Low: $10000000, High: $50000000)
Key Considerations
- The cost estimates are derived from current expenditure figures, which may fluctuate based on government budgeting trends.
- Potential indirect impacts on international relations and diplomatic engagements via global platforms need consideration.
- The impact on global leadership and U.S. influence in multilateral discussions at platforms such as WEF.