Bill > HR2524

This bill proposes to amend the Congressional Budget and Impoundment Control Act to allow committee chairs in the House and Senate (except for Appropriations Committees) to obtain budget estimates from private accounting firms instead of relying solely on the Congressional Budget Office (CBO). Specifically, the bill permits committee chairs to request estimates from one of the ten largest public accounting firms registered with the Public Company Accounting Oversight Board. These private firm estimates would be used for budget enforcement purposes, including for budget reconciliation, deficit control, and pay-as-you-go requirements. If a committee obtains an estimate from a private accounting firm, the CBO would no longer be required to prepare an estimate for that particular bill or resolution. The bill's name, the "REPEAL CBO Requirements Act," reflects its intent to provide an alternative to CBO scoring by allowing committees to seek estimates from private sector accounting firms. This change could potentially introduce different perspectives on the fiscal impact of proposed legislation and provide committees with additional budgetary analysis options beyond the traditional CBO estimates.

https://www.congress.gov/bill/119th-congress/house-bill/2524/all-info