Requires government budget office to show how it calculates costs.
This bill would make the Congressional Budget Office (CBO) explain how it arrives at its cost estimates for new laws. This means lawmakers and the public would get a clearer picture of how much proposed bills truly cost, especially when certain assumptions are made. It aims to make federal spending more transparent.
Today, the Congressional Budget Office provides cost estimates for new laws, but these estimates don't always clearly show how certain underlying assumptions affect the numbers. If this bill becomes law, the CBO would have to explain these assumptions, quantify their impact, and identify specific assumptions that make costs appear lower, giving a more complete financial picture.
HR 8570 · 119th Congress · April 29, 2026 · AI Summary by gemini-2.5-flash · 8/10
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