Sponsors (11)
The bill improves transparency and gives federal, state, and local budget actors earlier, standardized budget information to support timelier decisions, but it increases reporting burdens and carries risks from premature estimates and potential data-sensitivity or waiver-driven gaps in transparency.
Taxpayers, Congress, and budget policymakers will receive earlier and more frequent standardized technical budget data (including a Feb 1 baseline update), improving transparency and enabling timelier fiscal decisions and oversight.
State and local governments and budget analysts will get up-to-date current- and prior-year estimates earlier, helping their budgeting, planning, and fiscal coordination with the federal government.
Taxpayers and Congress will gain clearer visibility into federal credit programs because the bill requires inclusion of federal credit supplement reestimates, informing discussions about projected credit costs and fiscal exposure.
Taxpayers, state governments, and markets could be misled if the earlier (Feb 1) estimates are premature or incomplete, leading policymakers to rely on less-stable numbers for major fiscal decisions.
CBO and executive branch staff will face additional workload and potential cost increases from the new and more frequent reporting obligations, possibly diverting resources from other analyses or agency priorities.
Providing underlying economic inputs at least once could raise confidentiality or policy-sensitivity concerns if some data are proprietary, preliminary, or otherwise sensitive, creating risks for state partners or data providers.
Based on analysis of 3 sections of legislative text.
Requires at least two annual CBO baseline updates (one with underlying economic data) and asks the President to provide technical budget data by Feb 1 each year with updated estimates and credit reestimates.
Requires more frequent federal budget baseline updates and earlier technical budget data from the President. The Congressional Budget Office would have to provide at least two baseline updates per year to the House and Senate Budget Committees (unless those committees' chairs direct otherwise), and at least one update must include the economic data used to prepare it. The President would be asked, to the extent practicable, to submit annual technical budget data to Congress by February 1 each year that includes updated estimates for the current and prior years and credit reestimates.
Official title: To amend the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget Office to provide baseline updates, and for other purposes.
Introduced December 4, 2025 by Blake D. Moore · Last progress December 4, 2025