Congressional Budget Office Data Sharing Act

Hozzl · 2024-10-04T20:07:42Z

Explore the details of House Bill 7032 Congressional Budget Office Data Sharing Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Economics and Public Finance. Stay informed on legislative developments.

10/4/2024, 8:07 PM

Summary of Bill HR 7032

Bill 118 hr 7032, also known as the Congressional Budget Office Data Sharing Act, is a piece of legislation that aims to improve transparency and accountability in the federal budgeting process. The bill requires the Congressional Budget Office (CBO) to share certain data and information with Congress, including the assumptions and methodologies used in preparing cost estimates for legislation.

The main purpose of the bill is to ensure that members of Congress have access to the information they need to make informed decisions about the budget. By requiring the CBO to share its data with Congress, the bill aims to increase the accuracy and reliability of cost estimates for proposed legislation.

The bill also includes provisions to protect the confidentiality of certain data shared by the CBO, in order to prevent the misuse or unauthorized disclosure of sensitive information. Additionally, the bill requires the CBO to provide training and technical assistance to congressional staff on how to interpret and use the data provided. Overall, the Congressional Budget Office Data Sharing Act is intended to promote transparency, accountability, and informed decision-making in the federal budgeting process. It seeks to ensure that members of Congress have access to the information they need to make sound fiscal decisions on behalf of the American people.

Congressional Summary of HR 7032

Congressional Budget Office Data Sharing Act

This bill specifies that the Congressional Budget Office (CBO) is authorized to obtain data from executive branch agencies with or without a written agreement if CBO maintains the same level of confidentiality that is required of the agency that provides the data.

The bill also requires CBO to submit a report to Congress regarding requests for information from executive branch agencies and any challenges it faced in accessing the information.

Current Status of Bill HR 7032

Bill HR 7032 is currently in the status of Bill Introduced since January 18, 2024. Bill HR 7032 was introduced during Congress 118 and was introduced to the House on January 18, 2024. Bill HR 7032's most recent activity was Became Public Law No: 118-89. as of September 30, 2024

Bipartisan Support of Bill HR 7032

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7032

Primary Policy Focus

Economics and Public Finance

Potential Impact Areas

Congressional oversightCongressional-executive branch relationsGovernment information and archives

Alternate Title(s) of Bill HR 7032

Congressional Budget Office Data Sharing ActCongressional Budget Office Data Sharing ActCongressional Budget Office Data Sharing ActCongressional Budget Office Data Sharing ActCongressional Budget Office Data Sharing ActTo amend the Congressional Budget and Impoundment Control Act of 1974 to provide the Congressional Budget Office with necessary authorities to expedite the sharing of data from executive branch agencies, and for other purposes.

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