New Cost Assessment Rules for Major Legislation: Transparency for Taxpayers
This act introduces new rules for assessing the costs of major legislative proposals. The goal is to increase transparency by showing how changes in law might affect the economy, employment, and national debt. This will give citizens better insight into how their money is managed and the long-term consequences of Congressional decisions.
Key points
Increased Transparency: Cost estimates for major legislation will now include their impact on the economy, employment, and national debt.
Long-Term Perspective: Estimates will cover budgetary effects over a 20-fiscal year period, providing a clearer view of long-term consequences.
Clear Assumptions: Estimates will include critical assumptions and data sources, making it easier to understand how figures are derived.
Status:
Expired
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