arrow_back Back to App

Congressional Budget Office Termination: New Rules for Bill Cost Estimates

This act proposes to abolish the Congressional Budget Office (CBO) within one year of its enactment. This means that cost estimates for new legislation, previously prepared by the CBO, will have to be carried out by private entities. This could affect how citizens learn about the financial implications of government decisions.
Key points
The Congressional Budget Office (CBO), responsible for estimating the costs of legislation, will be abolished within one year.
Cost estimates for future legislation will be performed by private entities, and Congress will publish a list of such organizations.
Chairs of budget committees may pay bonuses to private entities whose cost estimates are close to the actual expenditures.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_9692
Sponsor: Rep. Gohmert, Louie [R-TX-1]
Process start date: 2022-12-23
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Congressional Budget Office Termination Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9692.

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 2022-12-23.

What are the main provisions?

Key points include:

  • The Congressional Budget Office (CBO), responsible for estimating the costs of legislation, will be abolished within one year.
  • Cost estimates for future legislation will be performed by private entities, and Congress will publish a list of such organizations.
  • Chairs of budget committees may pay bonuses to private entities whose cost estimates are close to the actual expenditures.
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. Gohmert, Louie [R-TX-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Budget.

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