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More Accurate Congressional Debt Cost Estimates

This act aims to increase transparency in how the government estimates costs related to servicing public debt. This will give citizens a clearer picture of the full costs of budgetary decisions, potentially influencing future spending and taxes. A better understanding of these costs will help assess the nation's financial stability.
Key points
Requires the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) to include public debt servicing costs in their estimates.
Aims to provide a more complete financial picture of the impact of new laws and changes, potentially influencing public spending decisions.
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Expired
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Additional Information
Print number: 118_HR_362
Sponsor: Rep. Meuser, Daniel [R-PA-9]
Process start date: 2023-01-13
Lustra uses Artificial Intelligence. Verify details in source documents.
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 118_HR_362.

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 2023-01-13.

What are the main provisions?

Key points include:

  • Requires the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) to include public debt servicing costs in their estimates.
  • Aims to provide a more complete financial picture of the impact of new laws and changes, potentially influencing public spending decisions.
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 2025-12-25.

CATEGORIES

Economy Public Investments