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Increased Budget Transparency: More Frequent Federal Forecast Updates.

This law increases the frequency and transparency of budget information provided to Congress by the Congressional Budget Office (CBO). It mandates at least two annual updates to budget forecasts, including the underlying economic data, aiming to improve the quality of fiscal debate. Additionally, the President must submit timely technical federal budget data to Congress every year, ensuring better oversight of public finances.
Key points
The Congressional Budget Office (CBO) must publish at least two updates to annual budget forecasts, increasing transparency in spending planning.
At least one of these updates must include the detailed economic data used for calculations, allowing for better assessment of projections.
The President is required to submit updated technical federal budget data to Congress by February 1st each year, providing timely information for Congressional decision-making.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6470
Sponsor: Rep. Moore, Blake D. [R-UT-1]
Process start date: 2025-12-04
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Increasing Baseline Updates Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6470.

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 2025-12-04.

What are the main provisions?

Key points include:

  • The Congressional Budget Office (CBO) must publish at least two updates to annual budget forecasts, increasing transparency in spending planning.
  • At least one of these updates must include the detailed economic data used for calculations, allowing for better assessment of projections.
  • The President is required to submit updated technical federal budget data to Congress by February 1st each year, providing timely information for Congressional decision-making.
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. Moore, Blake D. [R-UT-1].

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 2025-12-31.

CATEGORIES

Economy Public Investments