Bill > HR991

This bill amends the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) to include the costs of servicing the public debt in their cost estimates, to the extent practicable. Specifically, when these governmental agencies prepare budget estimates for proposed legislation, they must now factor in the expenses associated with managing and paying interest on the national debt. This change aims to provide a more comprehensive view of the potential financial impact of proposed laws by accounting for the long-term debt-related costs that might result from new spending or revenue measures. The bill adds a new section (Section 403) to the existing law to mandate this additional layer of financial analysis, thereby offering lawmakers and the public a more complete picture of the potential fiscal consequences of legislative proposals.

https://www.congress.gov/bill/119th-congress/house-bill/991/all-info