Bill Overview
Title: HEROIAM SLAVA Act of 2022
Description: This bill requires the President to exercise certain authorities to block all transactions in property belonging to any entity owned or controlled by Russia's government if such property is within the United States or in the possession or control of a U.S. person.
Sponsors: Sen. Rubio, Marco [R-FL]
Target Audience
Population: People reliant on US transactions with Russian government-owned entities
Estimated Size: 5000000
- The bill targets entities owned or controlled by the Russian government.
- It requires the blocking of transactions in properties owned by these Russian entities within the United States.
- U.S. persons who possess or control such properties are also affected as they must adhere to the restrictions.
- Russian government-controlled businesses and individuals may face significant barriers in dealing with U.S. businesses and financial institutions.
- U.S. businesses or individuals who currently deal with such Russian entities will need to adjust to the new restrictions, possibly impacting contracts and financial dealings.
Reasoning
- The target population is defined as people in the U.S. reliant on transactions with Russian government-owned entities, estimated at around 5 million people. The policy will block all transactions with such entities, directly affecting these people's ability to continue business as usual.
- Not everyone in the U.S. will be affected by this policy. Those who have no dealings with Russian entities won't have any change in their wellness scores.
- The budget limitations mean the policy must be highly targeted to avoid unnecessary economic disruptions while preventing Russian influence via property transactions.
- For high-impact individuals, the policy could disrupt businesses, leading to job losses or decreased income.
- Most people in the U.S. likely only have low or no impact from the policy, as they are not directly involved in relevant transactions or properties.
Simulated Interviews
Financial Analyst (New York, NY)
Age: 45 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 4/20
Statement of Opinion:
- I think the policy is necessary to hold countries accountable but it could complicate our dealings with existing clients.
- The new regulations will require us to be more vigilant, affecting how we operate with Eastern European markets.
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 | 7 | 8 |
| Year 20 | 8 | 9 |
Import/Export Coordinator (Chicago, IL)
Age: 34 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 3/20
Statement of Opinion:
- It's going to make my job harder with these new obstacles in the trade process.
- We will need to adjust quickly to avoid losing major clients.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 6 |
| Year 2 | 5 | 6 |
| Year 3 | 6 | 7 |
| Year 5 | 6 | 7 |
| Year 10 | 7 | 8 |
| Year 20 | 7 | 8 |
Software Developer (Los Angeles, CA)
Age: 29 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 3.0 years
Commonness: 4/20
Statement of Opinion:
- It's unsettling when your company's funding could suddenly be in jeopardy because of new policies.
- If investments fall through, we might have to slow development or seek alternative funding quickly.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 8 |
| Year 2 | 7 | 8 |
| Year 3 | 8 | 9 |
| Year 5 | 8 | 9 |
| Year 10 | 8 | 9 |
| Year 20 | 9 | 9 |
Oil and Gas Executive (Houston, TX)
Age: 50 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 2/20
Statement of Opinion:
- The HEROIAM SLAVA Act will have severe implications on our joint ventures in Russia.
- We may face delays or cancellations, impacting our bottom line and job security for some employees.
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 | 7 | 8 |
| Year 10 | 7 | 9 |
| Year 20 | 8 | 9 |
International Relations Student (San Francisco, CA)
Age: 26 | Gender: other
Wellbeing Before Policy: 8
Duration of Impact: 2.0 years
Commonness: 5/20
Statement of Opinion:
- I think this policy is a smart move to limit Russia's influence, though it may strain diplomatic relations.
- It's interesting to see how such policies impact real-world economic interfaces and diplomacy.
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 | 10 | 10 |
Retired Business Owner (Miami, FL)
Age: 60 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 7/20
Statement of Opinion:
- Although I appreciate policies that aim to protect national interests, I'm concerned about the impact on my investments.
- I'd like to see safeguards for individuals indirectly affected, like pension fund investors.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 7 |
| Year 2 | 6 | 7 |
| Year 3 | 7 | 8 |
| Year 5 | 7 | 8 |
| Year 10 | 8 | 9 |
| Year 20 | 9 | 9 |
University Professor (Seattle, WA)
Age: 40 | Gender: female
Wellbeing Before Policy: 9
Duration of Impact: 0.0 years
Commonness: 9/20
Statement of Opinion:
- This policy provides a concrete case study for my students to comprehend the real impact of international sanctions.
- It offers new research opportunities, although the policy's fairness can be debated.
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 |
Freelance Journalist (Austin, TX)
Age: 23 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 0.0 years
Commonness: 12/20
Statement of Opinion:
- This policy is a significant topic that I can write about, which could boost my career.
- I think exploring these impacts is crucial, even though they won't affect me directly.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 9 | 9 |
Civil Engineer (Denver, CO)
Age: 38 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 0.0 years
Commonness: 15/20
Statement of Opinion:
- I see the importance of the policy, but it won't change much in my personal or professional life.
- Our projects are primarily U.S.-focused and independent of international politics.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 9 | 9 |
| Year 5 | 9 | 9 |
| Year 10 | 9 | 9 |
| Year 20 | 9 | 9 |
Healthcare Administrator (Boston, MA)
Age: 57 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 0.0 years
Commonness: 14/20
Statement of Opinion:
- The policy is important in terms of national politics but doesn't directly impact our operations.
- Healthcare services remain unaffected, which is fortunate for our community.
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 | 9 | 9 |
| Year 20 | 9 | 9 |
Cost Estimates
Year 1: $25000000 (Low: $20000000, High: $30000000)
Year 2: $25000000 (Low: $20000000, High: $30000000)
Year 3: $25000000 (Low: $20000000, High: $30000000)
Year 5: $25000000 (Low: $20000000, High: $30000000)
Year 10: $25000000 (Low: $20000000, High: $30000000)
Year 100: $0 (Low: $0, High: $0)
Key Considerations
- Monitoring international transactions involving Russian entities will be resource-intensive.
- Legal challenges from affected U.S. businesses might arise, necessitating robust legal frameworks.
- Global diplomatic relationships, particularly with U.S. allies, might shift as a result of these sanctions.
- Market supply chains that involve Russian entities could be disrupted, impacting product availability.