Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary
The Cost Estimate Clarity Act amends the 1974 Budget Act so the Congressional Budget Office must disclose the impact of baseline assumptions on any estimate it prepares. It forces the CBO to give a numeric difference, identify the assumption that caused it, and explain any programs that appear cheaper because of those assumptions. This aims to make federal cost estimates more transparent for lawmakers and the public.
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