Cost Estimates Improvement Act

Cost Estimates Improvement Act

This bill requires cost estimates prepared by the Congressional Budget Office or the Joint Committee on Taxation to include the costs of servicing the public debt.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8341 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 8341

   To amend the Congressional Budget Act of 1974 to provide that any 
   estimate prepared by the Congressional Budget Office or the Joint 
  Committee on Taxation shall include costs relating to servicing the 
                  public debt, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 10, 2024

Mr. Cloud (for himself, Mr. Case, Mr. Meuser, Mr. Golden of Maine, and 
 Mr. McClintock) introduced the following bill; which was 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

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                                 A BILL


 
   To amend the Congressional Budget Act of 1974 to provide that any 
   estimate prepared by the Congressional Budget Office or the Joint 
  Committee on Taxation shall include costs relating to servicing the 
                  public debt, and for other purposes.

    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 ``Cost Estimates Improvement Act''.

SEC. 2. CBO AND JCT ESTIMATES TO INCLUDE DEBT SERVICING COSTS.

    (a) In General.--The Congressional Budget and Impoundment Control 
Act of 1974 (2 U.S.C. 621 et seq.) is amended by inserting after 
section 402 the following:

              ``estimates to include debt servicing costs

    ``Sec. 403. Any estimate prepared by the Director of the 
Congressional Budget Office under section 402, and any estimate 
prepared by the Joint Committee on Taxation, shall include, to the 
extent practicable, the costs (if any) of servicing the public debt.''.
    (b) Clerical Amendment.--The table of contents of such Act is 
amended by inserting after the item relating to section 402 the 
following:

``403. Estimates to include debt servicing costs.''.
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