Sponsors (21)
The bill improves fiscal transparency and policymaking by adding debt-service estimates to CBO/JCT analyses, but it imposes additional workload on scorekeepers and risks policy missteps if those interest estimates are uncertain.
Taxpayers and policymakers will receive clearer, more complete budget information because CBO and JCT estimates will, where practicable, include debt-service (interest) costs tied to proposals—improving transparency and fiscal oversight.
Taxpayers and lawmakers may be misled if uncertain debt-service estimates are treated as definitive, causing policy decisions to over- or under-weight projected interest impacts.
CBO and JCT staff will face increased analytical burden to produce debt-service estimates, which could slow report turnaround or require additional agency resources.
Based on analysis of 2 sections of legislative text.
Requires CBO and JCT cost estimates, when practicable, to include the costs of servicing the public debt.
Introduced February 5, 2025 by Michael Cloud · Last progress February 5, 2025
Requires the Congressional Budget Office and the Joint Committee on Taxation to include, when practicable, the costs of servicing the public debt in their formal cost estimates. Also adds a clerical table-of-contents entry for the new requirement in the Budget Act.