A bill to amend the Congressional Budget and Impoundment Control Act of 1974 to require any cost estimate for a bill or joint resolution prepared by the Congressional Budget Office to include the cost to each United States citizen for carrying out such measure, and for other purposes.

Bill: 118-s-5159
Sponsor: full_name: Sen. Scott, Rick [R-FL]
Introduced: 2024-09-24
Policy area: Economics and Public Finance
Latest action: action_date: 2024-09-24
text: Read twice and referred to the Committee on the Budget.

Summaries:
action_date: 2024-09-24
action_desc: Introduced in Senate
text: <p>This bill requires Congressional Budget Office cost estimates for legislation to include an estimate of the cost to each U.S. citizen for carrying out the legislation. Specifically, the estimate must include each citizen's pro rata share of the change in total federal spending and total federal debt if the legislation is enacted.</p>

tv_txt: II 118th CONGRESS 2d Session S. 5159 IN THE SENATE OF THE UNITED STATES September 24, 2024 Mr. Scott of Florida (for himself and Mr. Braun ) introduced the following bill; which was read twice and referred to the Committee on the Budget A BILL To amend the Congressional Budget and Impoundment Control Act of 1974 to require any cost estimate for a bill or joint resolution prepared by the Congressional Budget Office to include the cost to each United States citizen for carrying out such measure, and for other purposes.

1. Including costs to citizens of spending in CBO estimates Section 402 of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 653 ) is amended— (1) by striking The Director and inserting (a) The Director ; and (2) by adding at the end the following: (b) Any estimate prepared under subsection (a) shall include an estimate of the pro rata amount for each citizen of the United States of the total change (if any) during the period covered by the estimate under such subsection if the bill or resolution is carried out in the following: (1) Total Federal spending. (2) Total Federal debt. .