This legislative proposal seeks to redesignate the Congressional Budget Office , a nonpartisan agency providing budget and economic analysis to Congress, as the "China Budget Office." The bill explicitly states that this name change would take effect immediately upon enactment. Furthermore, the legislation ensures that all existing references to the Congressional Budget Office in any law, rule, regulation, or other official document will automatically be considered to refer and apply to the newly named "China Budget Office." This provision aims to maintain legal continuity despite the proposed renaming of the federal agency responsible for budget analysis.