CBO Oversight Act

Bill: 118-hr-9714
Sponsor: full_name: Rep. Norman, Ralph [R-SC-5]
Introduced: 2024-09-20
Policy area: Economics and Public Finance
Subjects: Budget process

Congressional Budget Office (CBO)

Congressional agencies

Congressional oversight

Federal officials
Latest action: action_date: 2024-09-25
text: Ordered to be Reported by the Yeas and Nays: 21 - 12.

Summaries:
action_date: 2024-09-20
action_desc: Introduced in House
text: <p><strong>CBO Oversight Act</strong></p><p>This bill requires the Director of the Congressional Budget Office (CBO) to provide testimony annually at hearings held by the House and Senate Budget&nbsp;Committees.</p><p>Specifically, at the request of the chair of either committee, the Director must provide testimony at two hearings held by the committee by the end of the calendar year. The hearings may address any issue that the committee deems appropriate, including reviewing the accuracy of the baseline projections and estimates prepared by CBO during the most recently completed fiscal year</p>

tv_txt: I 118th CONGRESS 2d Session H. R. 9714 IN THE HOUSE OF REPRESENTATIVES September 20, 2024 Mr. Norman (for himself, Mrs. McClain , and Mr. Lopez ) introduced the following bill; which was referred to the Committee on the Budget A BILL To amend the Congressional Budget and Impoundment Control Act of 1974 to require the Director of the Congressional Budget Office to provide testimony at annual hearings held by the Committees on the Budget of the House of Representatives and the Senate, and for other purposes.

1. Short title This Act may be cited as the CBO Oversight Act . 2. Congressional Budget Office annual hearings requirement (a) In general Title II of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 601 et seq. ) is amended by inserting after section 203 the following new section: 204. Congressional Budget Office annual hearings requirement During each calendar year, at the request of the chair of the Committee on the Budget of the House of Representatives or the Senate, the Director shall provide testimony at two hearings at each such Committee by the end of the calendar year. Such hearings may address any issue such Committees deem appropriate, including reviewing the accuracy of the baseline projections and estimates prepared by the Office during the most recently completed fiscal year. . (b) Clerical amendment The table of contents in section 1(b) of such Act is amended by inserting after the item relating to section 203 the following: Sec. 204. Congressional Budget Office annual hearings requirement. .