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US HB2524
Bill
Status
3/31/2025
Primary Sponsor
Claudia Tenney
Click for details
AI Summary
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Allows committee chairs in the House and Senate (except Appropriations) to obtain cost estimates for legislation from private accounting firms instead of the Congressional Budget Office (CBO)
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Private firm estimates would replace CBO scores for all budget enforcement purposes, including PAYGO, reconciliation, and budget resolutions
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Eligible accounting firms are defined as any of the ten largest public accounting firms registered with the Public Company Accounting Oversight Board by net revenue
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When a committee chair obtains a private estimate, CBO is prohibited from preparing its own estimate for that legislation
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Amends the Congressional Budget and Impoundment Control Act of 1974 (incorrectly cited as 1985 in the bill text)
Legislative Description
REPEAL CBO Requirements Act Replacing Exploitative Partisan Estimates with Alternatives by Liquidating Congressional Budget Office Requirements
Economics and public finance
Last 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.
3/31/2025