CBO Transparency: Public Access to Budget Models and Data
This bill aims to increase transparency in how the government estimates the costs of new laws. Citizens will gain access to the data and models used for these calculations, allowing them to better understand how estimates regarding the impact of legislation on public finances and the economy are derived. This will make it easier to assess how new laws might affect their daily lives and personal finances.
Key points
The Congressional Budget Office (CBO) will be required to publicly release the models and data used for estimating legislative costs.
Citizens will gain access to detailed information, enabling them to verify how the CBO calculates the impact of legislation on the budget and economy.
Increased transparency is intended to help better understand the consequences of new laws for public finances and citizens' lives.
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