Budget Transparency: Citizens to See How Law Costs Are Estimated.
This act increases the transparency of the Congressional Budget Office (CBO). Citizens will gain access to the models, data, and computational details used to estimate the costs of new laws. This will allow everyone to verify how the government assesses the financial impact of new regulations on the budget and economy, leading to a better understanding of legislative consequences.
Key points
CBO must publicly release models and data used for estimating bill costs.
Citizens will be able to independently verify CBO's calculations.
Increased transparency in assessing the financial impact of new legislation on citizens' lives.
Status:
Expired
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