Bill > HR6470

This bill amends the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget Office (CBO), which provides non-partisan budget analysis to Congress, to submit at least two updates to its baseline budget report each year, with at least one update including the specific economic data used to calculate the report. Unless the chairs of the House and Senate Budget Committees direct otherwise, the CBO Director must provide these updates, though this requirement does not prevent additional baseline updates from being issued. The bill also requires the President to submit technical budget data to Congress by February 1st of each year, including up-to-date estimates for current and prior year data, as well as credit reestimates for the current year. These provisions aim to improve the transparency and frequency of budget information provided to Congress, helping lawmakers make more informed budget and spending decisions by ensuring they have access to the most recent economic and fiscal data.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6470/all-info