Mandating Transparency for Executive and Judicial Action Costs.
This Act requires the Congressional Budget Office (CBO) to include the financial costs of significant executive actions (like orders and regulations) and judicial actions in its official budget forecasts. Citizens will gain transparency regarding the long-term financial impact of major non-legislative government decisions. This reporting is mandatory only if the estimated budgetary effect exceeds $50 billion over a ten-year period.
Key points
Cost Disclosure Requirement: CBO must estimate and publish the financial costs associated with presidential executive orders, federal regulations, and judicial decisions.
Reporting Threshold: Reporting is required only for actions estimated to cost $50 billion or more over a decade.
Increased Fiscal Oversight: The change aims to better inform the public about the long-term financial consequences of actions taken outside the legislative process.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.