Executive Action Cost Transparency: Including Agency and Judicial Costs in Budget Baseline
This Act mandates the Congressional Budget Office (CBO) to include the estimated financial costs of actions taken by the executive branch (like rules and executive orders) and the judiciary in its baseline budget calculations. This provides citizens and Congress with a clearer picture of how non-legislative decisions impact public finances and the deficit. Agencies are also required to provide documentation regarding the implementation of these actions, enhancing transparency in public spending.
Key points
Increased financial transparency: CBO must now include the costs of presidential executive orders, regulations, and judicial actions in its budget forecasts.
Mandatory cost documentation: Government agencies must provide CBO with detailed information on the implementation of executive actions that affect the budget.
Reporting major expenditures: Executive or judicial actions estimated to cost at least $50 billion over 10 years will be listed in a separate CBO report, making it easier for citizens to track major financial changes.
Status:
Introduced
Civic Will
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.