Cost Estimates Improvement Act

Sponsor: Michael Cloud (Republican-TX)

AI-generated ?

Report an error

Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

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.

Requires government cost estimates to show the full price of new debt

This bill would make sure that government agencies, like the Congressional Budget Office, include the costs of paying interest on the national debt when they estimate how much new laws would cost. This means lawmakers and the public would get a more complete picture of a bill's true financial impact. It would add these debt interest costs to official estimates, making government spending more transparent.

What Would Change

Today, government cost estimates for new laws don't always include the money spent to pay interest on any new national debt created. If this bill passes, these estimates would include the costs of servicing the public debt, when possible. This would provide a fuller financial picture of proposed legislation.

Key Provisions

Requires the Congressional Budget Office to include the costs of paying interest on the national debt in its estimates for new laws, when possible.
Requires the Joint Committee on Taxation to include the costs of paying interest on the national debt in its estimates for new laws, when possible.

View on Congress.gov

HR 991 · 119th Congress · AI Summary by gemini-2.5-flash · 9/10

Cost Estimates Improvement Act

What Would Change

Key Provisions

Lobbying Activity