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. If a committee chair obtains an estimate from a private accounting firm pursuant to this bill, (1) the estimate must be used for budget enforcement purposes, and (2) CBO may not prepare an estimate for the applicable measure.

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Timeline

1. 31 March 2025

   Introduced

   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.

   Source: IntroReferral

2. 31 March 2025

   Introduced

   Introduced in House

   Source: IntroReferral

3. 31 March 2025

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

2 official files

• Introduced in House

  Introduced in House · EN · 31 March 2025

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 31 March 2025

  Open at official source

Sponsors

• Rep. Tenney, Claudia [R-NY-24] · R · Sponsor
• Mike Collins · R · Sponsor
• · hsbu00 · Standing
• · hsru00 · Standing

Related records

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