Policy Impact Analysis - 117/S/3924

Bill Overview

Title: Global Magnitsky Human Rights Accountability Extension Act

Description: This bill extends through December 31, 2034, the authority of the President to impose sanctions on foreign persons involved in certain gross violations of internationally recognized human rights and significant acts of corruption.

Sponsors: Sen. Rubio, Marco [R-FL]

Target Audience

Population: Foreign individuals involved in gross human rights violations and significant corruption

Estimated Size: 500

Reasoning

Simulated Interviews

Investment Banker (New York, NY)

Age: 45 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 2.0 years

Commonness: 4/20

Statement of Opinion:

  • This policy might make some of our clients nervous, as they may fear sanctions if they operate in areas or sectors targeted.
  • Business could become tricky if any clients fall under these new sanctions.

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

Human Rights Lawyer (Washington, DC)

Age: 32 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 5.0 years

Commonness: 2/20

Statement of Opinion:

  • This gives us more leverage in bringing cases against perpetrators. It's empowering for those in my field.
  • It's a solid provision to support and further our mission in holding international offenders accountable.

Wellbeing Over Time (With vs Without Policy)

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

Oil Company Executive (Houston, TX)

Age: 60 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 3.0 years

Commonness: 3/20

Statement of Opinion:

  • Sanctions have historically complicated our international operations.
  • This may require us to reassess some overseas investments.

Wellbeing Over Time (With vs Without Policy)

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

Tech Startup Founder (Los Angeles, CA)

Age: 25 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 2.0 years

Commonness: 5/20

Statement of Opinion:

  • We are careful about compliance, but these additional measures can pose new risks for partnership in sanctioned regions.
  • This policy could inhibit some growth opportunities abroad.

Wellbeing Over Time (With vs Without Policy)

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

University Professor (Chicago, IL)

Age: 40 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 0.0 years

Commonness: 10/20

Statement of Opinion:

  • This policy can enrich the academic discourse around U.S. foreign policy and international law.
  • It could lead to more case studies for my work.

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 9 8
Year 10 9 8
Year 20 9 8

International Trade Consultant (Miami, FL)

Age: 55 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 3.0 years

Commonness: 3/20

Statement of Opinion:

  • Ensuring compliance for clients will become a bigger part of our services.
  • The policy may cause some companies to tread more cautiously.

Wellbeing Over Time (With vs Without Policy)

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

Journalist (Boston, MA)

Age: 52 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 1/20

Statement of Opinion:

  • I believe this policy could lead to more transparency in reporting on international human rights abuses.
  • The potential to unearth stories through sanctioned disclosures is intriguing.

Wellbeing Over Time (With vs Without Policy)

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

Software Engineer (Atlanta, GA)

Age: 37 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 0.0 years

Commonness: 15/20

Statement of Opinion:

  • It's unlikely this policy will impact our company directly.
  • We generally have compliance systems that adapt to multinational regulations.

Wellbeing Over Time (With vs Without Policy)

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

Retired (Seattle, WA)

Age: 65 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 0.0 years

Commonness: 20/20

Statement of Opinion:

  • I believe this policy will show the world that the U.S. is serious about international human rights.
  • However, as someone retired, it doesn't affect my daily life.

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 9 8

Small Business Owner (Denver, CO)

Age: 50 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 0.0 years

Commonness: 10/20

Statement of Opinion:

  • While an important policy, it doesn't directly impact my business.
  • We do have some foreign clients, but none potentially involved in unethical practices.

Wellbeing Over Time (With vs Without Policy)

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

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: $25000000 (Low: $20000000, High: $30000000)

Key Considerations