Cost Estimates Improvement Act

The Cost Estimates Improvement Act (HR 8341) requires the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) to include, to the extent practicable, the costs of servicing the national debt - such as interest payments - in their budget estimates. This change makes cost analyses more comprehensive by reflecting the full financial burden of government borrowing. The bill amends the Congressional Budget and Impoundment Control Act of 1974 to add this requirement, directly affecting how the CBO and JCT produce their budget reports. It does not alter spending or tax laws but ensures estimates better account for long-term debt costs when Congress reviews legislation.