Sponsors (5)
The bill increases the timeliness and transparency of federal baseline and technical budget data—helping taxpayers, Congress, and subnational governments plan and scrutinize fiscal policy—at the cost of added reporting burden and administrative resources, potential confidentiality concerns, and a risk that early or waived disclosures could undermine the intended benefits.
Taxpayers, Congress, and budget policymakers will get more frequent and earlier standardized technical budget baseline updates (including a Feb 1 reporting requirement), improving timeliness and transparency for fiscal decisions.
Taxpayers and outside analysts will have access to at least one update that includes the underlying economic data used by the CBO, enabling replication and independent scrutiny of baseline estimates.
State and local governments, budget analysts, and Congress will receive up-to-date current and prior year estimates and Federal credit supplement reestimates, improving planning, budgeting, and visibility into federal credit program costs.
CBO staff and administration personnel will face increased reporting obligations that could divert staff from other analyses or raise agency costs, with taxpayers potentially bearing higher administrative costs.
Policymakers, markets, and state governments could be misled if the early (Feb 1) data are premature or incomplete, producing unreliable estimates for decision-making.
Release of underlying economic inputs may raise confidentiality, proprietary, or policy-sensitivity concerns for some data providers or jurisdictions.
Based on analysis of 3 sections of legislative text.
Requires CBO to deliver at least two annual baseline updates (one with economic data) to Budget Committees and asks the President to provide annual technical budget data by Feb 1 when practicable.
Introduced December 4, 2025 by Blake D. Moore · Last progress December 4, 2025
Requires the Congressional Budget Office (CBO) to provide at least two baseline updates each year to the House and Senate Budget Committees, with at least one update including the economic data used to calculate it, unless the Budget Committee chairs direct otherwise; CBO may provide additional updates. Also requires the President, to the extent practicable, to submit annual technical budget data to Congress on or before February 1 for the coming fiscal year, including up-to-date estimates for the current and prior years and credit reestimates as shown in the Federal credit supplement.