CBO Transparency: Public Access to Budget Cost Analysis
This act requires the Congressional Budget Office (CBO) to publicly release the models, data, and computational details used for analyzing the costs of legislation. This will allow citizens to better understand how financial decisions regarding their money are made and what the projected impacts of new laws are.
Key points
Increased Transparency: CBO must publicly share models and data used for estimating legislative costs.
Verification Capability: Anyone can review how CBO arrived at its estimates, boosting trust in public data.
Improved Understanding: Citizens gain access to information helping them assess legislation's impact on their finances and lives.
Status:
Introduced
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