US HR8341

Bill

US HR8341

Cost Estimates Improvement Act

Introduced
05/10/2024

In Committee
05/16/2024

Crossed Over

Passed

Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To amend the Congressional Budget Act of 1974 to provide that any estimate prepared by the Congressional Budget Office or the Joint Committee on Taxation shall include costs relating to servicing the public debt, and for other purposes.

AI Summary

This bill, the Cost Estimates Improvement Act, amends the Congressional Budget Act of 1974 to require that any estimate prepared by the Congressional Budget Office (CBO) or the Joint Committee on Taxation (JCT) include, to the extent practicable, the costs of servicing the public debt. This means that CBO and JCT estimates will now account for the costs associated with the government's borrowing and repayment of debt, providing a more comprehensive picture of the financial implications of proposed legislation.

Sponsors (20)

Michael Cloud (R)*, Jim Baird (R), Jack Bergman (R), Andy Biggs (R), Dan Bishop (R), Buddy Carter (R), Ed Case (D), Byron Donalds (R), Jared Golden (D), Glenn Grothman (R), Bill Huizenga (R), Debbie Lesko (R), Nancy Mace (R), Tom McClintock (R), Richard McCormick (R), Dan Meuser (R), Ralph Norman (R), Dean Phillips (D), John Rose (R), David Rouzer (R),

Last Action

Ordered to be Reported by the Yeas and Nays: 17 - 7. (on 05/16/2024)

Bill Topics

Government Operations

‐ Legislative Branch Operations and Rules

Macroeconomics

‐ National Budget and Debt

Official Document

https://www.congress.gov/bill/118th-congress/house-bill/8341/all-info

(3 Companion Bills)

Version:

Document Type	Source Location	Created
State Bill Page	https://www.congress.gov/bill/118th-congress/house-bill/8341/all-info	05/11/2024
BillText	https://www.congress.gov/118/bills/hr8341/BILLS-118hr8341ih.pdf	05/13/2024

Bill	Bill Name	Last Action	Type
HR311	Cost Estimates Improvement Act	Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
HR362	BASIC Act Budgetary Accuracy in Scoring Interest Costs Act of 2023	Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
HR638	Cost Estimates Improvement Act	Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Reintroduced

Bill > HR8341

summary

Introduced Session

Bill Summary

AI Summary

Sponsors (20)

Last Action

Bill Topics

Government Operations

Macroeconomics

Official Document

bill text

bill summary

bill summary

bill summary