Requires government budget reports to show the full cost of national debt.
This bill would make sure that official government cost estimates for new laws include the money needed to pay interest on the national debt. This change would give Congress and the public a clearer and more complete picture of how new spending or tax changes affect the country's finances.
Today, government cost estimates for new laws do not explicitly have to include the costs of paying interest on the national debt. If this bill becomes law, the Congressional Budget Office and the Joint Committee on Taxation would be required to include these debt interest costs in their estimates, giving a more complete financial picture.
S 5442 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
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