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Mandating Per-Citizen Cost Estimates for Federal Legislation and Debt

This bill requires the Congressional Budget Office (CBO) to include a specific calculation in all cost estimates for new legislation: the estimated cost per U.S. citizen. This calculation must cover the change in total Federal spending and the change in total Federal debt resulting from the measure. This aims to provide citizens with a clear, individualized understanding of the financial impact of Congressional actions.
Key points
CBO must now calculate and publish the estimated cost of new legislation on a per-citizen basis.
The calculation must include changes to total Federal spending and total Federal debt.
This measure increases transparency regarding the financial consequences of new laws for individual taxpayers.
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Expired
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Additional Information
Print number: 118_HR_9777
Sponsor: Rep. Brecheen, Josh [R-OK-2]
Process start date: 2024-09-24