Cost Estimates Improvement Act

This legislation, known as the Cost Estimates Improvement Act , proposes to amend the Congressional Budget Act of 1974. Its primary objective is to enhance the financial transparency of legislative proposals by requiring a more complete accounting of their fiscal impact. Specifically, the bill mandates that any estimate produced by the Congressional Budget Office (CBO) or the Joint Committee on Taxation (JCT) must now include, to the extent feasible, the costs associated with servicing the public debt . This provision ensures that the financial implications of new laws, including their effect on interest payments on the national debt, are explicitly considered in budget analyses.