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Budgetary Accuracy Act: Including Public Debt Servicing Costs in Estimates.

This act aims to enhance transparency in government cost reporting. It mandates that budget estimates include the costs of servicing public debt. This provides citizens with a more complete picture of government spending, potentially influencing future decisions on public finances and their economic impact.
Key points
Budget estimates will now include public debt servicing costs.
Increased transparency in government spending reports.
Better understanding of the full financial picture for citizens.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_8775
Sponsor: Rep. Meuser, Daniel [R-PA-9]
Process start date: 2022-09-06
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

BASIC Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8775.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-09-06.

What are the main provisions?

Key points include:

  • Budget estimates will now include public debt servicing costs.
  • Increased transparency in government spending reports.
  • Better understanding of the full financial picture for citizens.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Meuser, Daniel [R-PA-9].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Public Investments