Congressional Budget Office Scheduling Reform Act
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This bill would require the Congressional Budget Office to annually publish and update a schedule for its major recurring reports.
What it does
This bill would require the Congressional Budget Office (CBO) to publish an annual schedule on its website detailing the expected release dates for its major recurring reports. The schedule would cover essential documents such as budget baselines, deficit reduction options, and reports on unauthorized appropriations. The CBO would be required to post this schedule by December 31 each year and provide updates as necessary throughout the following calendar year.
Who is affected
This bill primarily affects the Congressional Budget Office (CBO), which would be required to establish and maintain a public schedule for its major recurring reports. The mandate also impacts the general public and users of CBO data by requiring the agency to provide predictable publication dates for budget baselines, deficit reduction options, and reports on unauthorized appropriations.
Key provisions
- Annual publication of report schedules. The Congressional Budget Office (CBO) must publish a schedule on its public website by December 31 each year detailing the expected release dates for its major recurring reports.
- Mandatory reporting inclusions. The published schedule must include expected dates for the budget baseline and updates, deficit reduction options, budgetary projection accuracy reports, and reports on unauthorized appropriations.
- Schedule maintenance and updates. The CBO is required to update the published schedule throughout the following calendar year as necessary to reflect changes in expected publication dates.
Fiscal impact
Not applicable: No CBO cost estimate available
Effective dates
The Congressional Budget Office must begin publishing the required schedule on its public website no later than December 31 of each year.
Relationship to existing law
The bill establishes new reporting requirements for the Congressional Budget Office (CBO) regarding the scheduling of its existing statutory and recurring reports, such as the budget baseline and the report on unauthorized appropriations.
Stated purpose
The bill aims to increase transparency and predictability regarding the release of federal fiscal data by requiring the Congressional Budget Office to publish and maintain an annual schedule of expected publication dates for its major recurring budgetary and economic reports.