Legis Daily

CBO Scoring Accountability Act

USA119th CongressHR-2666| House 
| Updated: 4/7/2025
Andy Barr

Andy Barr

Republican Representative

Kentucky

Cosponsors (21)
Richard McCormick (Republican)Mike Collins (Republican)Claudia Tenney (Republican)Andrew Ogles (Republican)Brad Knott (Republican)Jeff Hurd (Republican)Darrell Issa (Republican)Ann Wagner (Republican)Brad Finstad (Republican)Troy E. Nehls (Republican)Bruce Westerman (Republican)John H. Rutherford (Republican)Mary E. Miller (Republican)Gabe Evans (Republican)John W. Rose (Republican)Derrick Van Orden (Republican)Robert E. Latta (Republican)John J. McGuire (Republican)Ben Cline (Republican)Chuck Edwards (Republican)Cory Mills (Republican)

Budget Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill amends the Congressional Budget and Impoundment Control Act of 1974 to enhance oversight of major legislation's financial impact. It requires the Congressional Budget Office (CBO) to conduct annual supplemental analyses for ten years following the enactment of any significant law. The primary goal is to ensure greater transparency and accountability regarding the actual financial outcomes of federal policies. Each annual analysis must include an estimate of the actual costs and changes in Federal revenues resulting from the legislation, comparing these figures against the CBO's initial projections and updating them as needed. If a discrepancy of 10 percent or more arises between actual outcomes and previous estimates for either costs or revenues, the CBO Director must submit a report to Congress explaining the reasons for such differences. This process applies to "major legislation," defined as any bill or joint resolution projected to impact mandatory spending or federal revenue by at least 0.25 percent of the current projected Gross Domestic Product.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 7, 2025
Introduced in House
Apr 7, 2025
Referred to the House Committee on the Budget.
  • April 7, 2025
    Introduced in House


  • April 7, 2025
    Referred to the House Committee on the Budget.

Economics and Public Finance

CBO Scoring Accountability Act

USA119th CongressHR-2666| House 
| Updated: 4/7/2025
This bill amends the Congressional Budget and Impoundment Control Act of 1974 to enhance oversight of major legislation's financial impact. It requires the Congressional Budget Office (CBO) to conduct annual supplemental analyses for ten years following the enactment of any significant law. The primary goal is to ensure greater transparency and accountability regarding the actual financial outcomes of federal policies. Each annual analysis must include an estimate of the actual costs and changes in Federal revenues resulting from the legislation, comparing these figures against the CBO's initial projections and updating them as needed. If a discrepancy of 10 percent or more arises between actual outcomes and previous estimates for either costs or revenues, the CBO Director must submit a report to Congress explaining the reasons for such differences. This process applies to "major legislation," defined as any bill or joint resolution projected to impact mandatory spending or federal revenue by at least 0.25 percent of the current projected Gross Domestic Product.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 7, 2025
Introduced in House
Apr 7, 2025
Referred to the House Committee on the Budget.
  • April 7, 2025
    Introduced in House


  • April 7, 2025
    Referred to the House Committee on the Budget.
Andy Barr

Andy Barr

Republican Representative

Kentucky

Cosponsors (21)
Richard McCormick (Republican)Mike Collins (Republican)Claudia Tenney (Republican)Andrew Ogles (Republican)Brad Knott (Republican)Jeff Hurd (Republican)Darrell Issa (Republican)Ann Wagner (Republican)Brad Finstad (Republican)Troy E. Nehls (Republican)Bruce Westerman (Republican)John H. Rutherford (Republican)Mary E. Miller (Republican)Gabe Evans (Republican)John W. Rose (Republican)Derrick Van Orden (Republican)Robert E. Latta (Republican)John J. McGuire (Republican)Ben Cline (Republican)Chuck Edwards (Republican)Cory Mills (Republican)

Budget Committee

Economics and Public Finance

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted