HR 2524 · 119th Congress — REPEAL CBO Requirements Act

Summary

Replacing Exploitative Partisan Estimates with Alternatives by Liquidating Congressional Budget Office Requirements or the REPEAL CBO Requirements Act This bill allows certain congressional committees to obtain cost estimates for legislation from private reputable accounting firms rather than the Congressional Budget Office (CBO). Under current law, CBO is generally required to produce cost estimates for most bills that are reported by congressional committees. This bill allows chairs of congressional committees (except the appropriations committees) to obtain estimates for reported legislation from a private reputable accounting firm instead of CBO. Under the bill, a private reputable accounting firm means any of the 10 public accounting firms registered with the Public Company Accounting Oversight Board with the largest net revenue during the previous year. Right now, the latest action is: Sent to the Rules Committee and the Budget Committee. Each committee will review the parts it handles. The listed sponsor is Rep. Tenney, Claudia [R-NY-24] [R].

This summary may describe an earlier version. Check the official record for current wording.

Latest action

Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

• Rep. Tenney, Claudia [R-NY-24]

  Republican · New York · House District 24 · Republican

Sources

• Official congressional record ↗