Bill > HR2666

This bill, known as the "CBO Scoring Accountability Act," requires the Congressional Budget Office (CBO) to provide annual supplemental analyses for major legislation during the first 10 years after its enactment. Major legislation is defined as any bill or joint resolution that would result in mandatory spending or federal revenue equal to or greater than 0.25% of the United States' projected gross domestic product (GDP) for that year. For such legislation, the CBO Director must prepare and publicly release an analysis that includes an estimate of the legislation's costs and changes in federal revenues, compare these to previous estimates, and update cost projections. If the actual costs or revenue changes differ from previous estimates by 10% or more, the CBO must submit a report to Congress explaining the discrepancy. Additionally, federal agencies are required to provide information and assistance to the CBO to help complete these analyses. This bill aims to increase transparency and accountability in legislative financial projections by requiring ongoing evaluation and reporting of the actual fiscal impacts of significant legislation.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/2666/all-info