Cost Estimates Improvement Act

Hozzl · 2025-03-05T05:08:27Z

Explore the details of House Bill 991 Cost Estimates Improvement Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/5/2025, 5:08 AM

Summary of Bill HR 991

Bill 119 hr 991, also known as the "Public Debt Cost Estimate Act," aims to amend the Congressional Budget Act of 1974 to require that any estimate prepared by the Congressional Budget Office or the Joint Committee on Taxation must include costs related to servicing the public debt. This means that when analyzing the financial impact of proposed legislation, the government will now have to take into account the costs associated with paying interest on the national debt.

The bill seeks to provide a more comprehensive and accurate assessment of the true financial implications of proposed legislation by ensuring that the costs of servicing the public debt are factored into budget estimates. This information will be crucial for lawmakers and policymakers to make informed decisions about the fiscal impact of their actions.

In addition to including public debt costs in budget estimates, the bill also aims to address other related purposes that are not specified in the summary. This could potentially involve additional provisions or requirements related to budgeting and fiscal responsibility. Overall, Bill 119 hr 991 represents a significant step towards improving transparency and accountability in the budgeting process by ensuring that the full costs of servicing the public debt are taken into consideration when evaluating the financial impact of proposed legislation.

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Current Status of Bill HR 991

Bill HR 991 is currently in the status of Bill Introduced since February 5, 2025. Bill HR 991 was introduced during Congress 119 and was introduced to the House on February 5, 2025. Bill HR 991's most recent activity 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. as of February 5, 2025

Bipartisan Support of Bill HR 991

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Policy Area and Potential Impact of Bill HR 991

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Alternate Title(s) of Bill HR 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.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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