Congressional Budget Office Data Sharing Act

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.