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Limiting Funds for Congressional Budget Office in 2024

This bill aims to cap the spending of the Congressional Budget Office (CBO) for fiscal year 2024 at $50,737,000. This means the institution responsible for analyzing the costs of legislation and forecasting the budget will have fewer resources. This could affect the scope and detail of analyses used by Congress to make decisions, indirectly impacting all citizens through its influence on public policy.
Key points
The bill sets a maximum spending limit for the Congressional Budget Office (CBO) for 2024.
The budget limitation for CBO may affect Congress's ability to obtain independent financial analyses of proposed legislation.
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Additional Information
Print number: 118_HR_1901
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29