CBO Show Your Work Act
Bill: S.793 | Sponsor: Sen. Lee, Mike (R-UT)
Policy area: Economics and Public Finance

Summary:
CBO Show Your Work Act
This bill requires the Congressional Budget Office (CBO) to make available to Congress and the public each fiscal model, policy model, and data preparation routine that the CBO uses to estimate the costs and other fiscal, social, or economic effects of legislation.
For each estimate of the costs and other fiscal effects of legislation, the CBO must also disclose, in a manner sufficient to permit replication by individuals not employed by the CBO, the data, programs, models, assumptions, and other details of the computations used to prepare the estimate.
For data that may not be disclosed, the CBO must make available to Congress and the public

To require the Congressional Budget Office to make publicly available 
    the fiscal and mathematical models, data, and other details of 
            computations used in cost analysis and scoring.

    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 ``CBO Show Your Work Act''.

SEC. 2. PUBLICATION OF CONGRESSIONAL BUDGET OFFICE MODELS.

    (a) In General.--Section 402 of the Congressional Budget Act of 
1974 (2 U.S.C. 653) is amended--
            (1) by striking ``The Director'' and inserting the 
        following:
    ``(a) In General.--The Director''; and
            (2) by adding at the end the following:
    ``(b) Publication of Models and Data.--The Director of the 
Congressional Budget Office shall make available to Members of Congress 
and make publicly available on the website of the Congressional Budget 
Office--
            ``(1) each fiscal model, policy model, and data preparation 
        routine used by the Congressional Budget Office in estimating 
        the costs and other fiscal, social, or economic effects of 
        legislation, including estimates prepared under subsection (a);
            ``(2) any update of a model or routine described in 
        paragraph (1);
            ``(3) subject to paragraph (4), for each estimate of the 
        costs and other fiscal effects of legislation, including 
        estimates prepared under subsection (a), the data, programs, 
        models, assumptions, and other details of the computations used 
        by the Congressional Budget Office in preparing the estimate, 
        in a manner sufficient to permit replication by individuals not 
        employed by the Congressional Budget Office; and
            ``(4) for any data that is required not to be disclosed by 
        the Congressional Budget Office--
                    ``(A) a complete list of all data variables for 
                such data;
                    ``(B) descriptive statistics for all data variables 
                for such data (including averages, standard deviations, 
                number of observations, and correlations to other 
                variables), to the extent that the descriptive 
                statistics do not violate the rule against disclosure;
                    ``(C) a reference to the statute requiring that the 
                data not be disclosed; and
                    ``(D) information regarding how to contact the 
                individual or entity who has unrestricted access to the 
                data.''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
apply on and after the date that is 6 months after the date of 
enactment of this Act.
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