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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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Status:
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
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Public Investments