HR 311 United States House · 118th Congress

Cost Estimates Improvement Act

HR 311, the Cost Estimates Improvement Act, requires the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) to include debt servicing costs in their budget estimates where practicable and to list duplicative federal programs covered by legislation. The bill mandates that all CBO and JCT cost estimates must identify overlapping or redundant agency programs, initiatives, or activities within the proposed legislation. This change aims to improve transparency in federal budget analysis by providing clearer data on long-term debt impacts and program efficiency for lawmakers. The bill directly affects the CBO and JCT as they prepare budget estimates for Congress.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2023

Committee Review

Floor Vote

President

Introduced Jan 12, 2023 Last action Jan 12, 2023

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Committee

Jan 12, 2023

Committee

Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

lower

Jan 12, 2023

Introduced

Introduced in House

lower

1 primary · 20 co-sponsors