H.R. 991
IntroducedCost Estimates Improvement Act
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Full text of the bill
Official source on Congress.gov ↗[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 991 Introduced in House (IH)]
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119th CONGRESS 1st Session H. R. 991
To amend the Congressional Budget Act of 1974 to provide that any estimate prepared by the Congressional Budget Office or the Joint Committee on Taxation shall include costs relating to servicing the public debt, and for other purposes.
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IN THE HOUSE OF REPRESENTATIVES
February 5, 2025
Mr. Cloud (for himself, Mr. Meuser, Mr. Case, Mr. McClintock, Mr. Golden of Maine, Ms. Perez, Mr. Grothman, Mr. McCormick, Mr. Norman, Mr. Rouzer, Mr. Huizenga, Mr. Weber of Texas, Mr. Obernolte, Mr. Edwards, and Mr. Collins) introduced the following bill; which was 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
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A BILL
To amend the Congressional Budget Act of 1974 to provide that any estimate prepared by the Congressional Budget Office or the Joint Committee on Taxation shall include costs relating to servicing the public debt, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Cost Estimates Improvement Act''.
SEC. 2. CBO AND JCT ESTIMATES TO INCLUDE DEBT SERVICING COSTS.
(a) In General.--The Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 621 et seq.) is amended by inserting after section 402 the following:
``estimates to include debt servicing costs
``Sec. 403. Any estimate prepared by the Director of the Congressional Budget Office under section 402, and any estimate prepared by the Joint Committee on Taxation, shall include, to the extent practicable, the costs (if any) of servicing the public debt.''.
(b) Clerical Amendment.--The table of contents of such Act is amended by inserting after the item relating to section 402 the following:
``403. Estimates to include debt servicing costs.''. <all>