Bill · H.R. 724· House(119-HR-724)

CBO Show Your Work Act

Age: 56 years

Ohio

Introduced: 1/24/2025
Last activity: 1/24/2025 — Referred to the House Committee on the Budget.
Sponsored by: Warren Davidson
Cosponsors: - 35 - 0

Economics and Public Finance

Introduced
In Committee

What this bill would do

This bill, known as the "CBO Show Your Work Act," aims to increase transparency regarding how the Congressional Budget Office (CBO) calculates its figures. It would require the CBO Director to make fiscal and policy models, data preparation routines, and model updates available to Members of Congress and the public. Furthermore, it requires the disclosure of data, programs, assumptions, and computation details for each estimate. These details must be provided in a way that allows individuals outside the CBO to replicate the results. For data that cannot be disclosed, the bill requires specific descriptive statistics and legal references.

Yes

Does this make what the government does easier for the public to see?+8
The bill mandates the public disclosure of CBO fiscal models, data preparation routines, and specific computation details to increase transparency.
Does this make the government pay for what it commits to?+5
The bill enhances oversight of fiscal estimates by requiring the disclosure of models, data, and computational details used by the CBO.