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Major Legislation Cost Accountability Act: Enhancing Public Spending Transparency

This act mandates the Congressional Budget Office (CBO) to regularly review the financial impact of major legislation for 10 years after its enactment. This ensures citizens receive clear information on whether cost and revenue projections are met, increasing government accountability for public spending.
Key points
The government must annually review the actual costs and revenue changes of major legislation for 10 years.
If actual costs or tax revenues differ by 10% or more from initial estimates, the CBO must explain the discrepancy.
Citizens will gain access to updated information on how major laws affect the budget, enabling better evaluation of government actions.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2666
Sponsor: Rep. Barr, Andy [R-KY-6]
Process start date: 2025-04-07
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

CBO Scoring Accountability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2666.

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 2025-04-07.

What are the main provisions?

Key points include:

  • The government must annually review the actual costs and revenue changes of major legislation for 10 years.
  • If actual costs or tax revenues differ by 10% or more from initial estimates, the CBO must explain the discrepancy.
  • Citizens will gain access to updated information on how major laws affect the budget, enabling better evaluation of government actions.
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. Barr, Andy [R-KY-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Budget.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy Public Investments