Budget Transparency: Public Access to Government Cost Estimates
This act aims to increase transparency in how the government estimates the costs of new laws. Citizens will gain access to the models and data used for these calculations, allowing them to better understand how financial estimates are derived and how they might impact their lives.
Key points
Increased Transparency: The Congressional Budget Office (CBO) must publish models and data used for estimating legislative costs.
Verification Capability: Anyone can review how legislative costs are calculated, boosting confidence in government forecasts.
Better Understanding: Citizens will have tools to independently assess the impact of new laws on public finances and their personal budgets.
Status:
Expired
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