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Congress Can Use Private Accounting Firms for Budget Estimates Instead of CBO.

This bill allows Congress to request estimates of the cost and impact of new legislation from private, reputable accounting firms, rather than relying solely on the Congressional Budget Office (CBO). This means that the financial assessments used to determine if a bill complies with budget rules can come from external experts. While intended to provide alternative opinions, this change affects the impartiality and stability of the budget process, indirectly impacting public finances and future tax burdens on citizens.
Key points
Congressional committees can obtain budget estimates for legislation from the ten largest private accounting firms, bypassing the CBO.
These private estimates will be used as the official budget figures for enforcing budget rules, including the Pay-As-You-Go Act.
If a committee chooses a private firm, the CBO is not required to prepare its own estimate for that specific measure, fundamentally altering the legislative process.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2524
Sponsor: Rep. Tenney, Claudia [R-NY-24]
Process start date: 2025-03-31
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

REPEAL CBO Requirements Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2524.

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 2025-03-31.

What are the main provisions?

Key points include:

  • Congressional committees can obtain budget estimates for legislation from the ten largest private accounting firms, bypassing the CBO.
  • These private estimates will be used as the official budget figures for enforcing budget rules, including the Pay-As-You-Go Act.
  • If a committee chooses a private firm, the CBO is not required to prepare its own estimate for that specific measure, fundamentally altering the legislative process.
What is the specific legal status?

The current status is Introduced.

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. Tenney, Claudia [R-NY-24].

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 2025-12-24.

CATEGORIES

Economy Courts and Law