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Allows most congressional committee chairs to hire a qualified private accounting firm to prepare an official budget estimate for their legislation. When a chair obtains such an estimate, it becomes the controlling estimate for budget enforcement, and the Congressional Budget Office (CBO) will not produce a duplicate estimate. The measure sets eligibility criteria for what counts as a qualified private firm and makes a minor conforming change elsewhere in the law. It does not appropriate funds, change taxes, or set an effective date in the text provided.
Strikes the phrase "The Director" and inserts the heading "In general" in Section 402 of the Congressional Budget and Impoundment Control Act of 1985 (2 U.S.C. 653).
Allows the chair of any committee of the House of Representatives or the Senate (except the Committee on Appropriations of each House) to obtain, instead of an estimate under subsection (a), an estimate for any bill or public resolution reported by that committee from a private reputable accounting firm.
Any estimate obtained from a private reputable accounting firm must be used in place of an estimate prepared by the Congressional Budget Office for budget enforcement for the applicable bill or joint resolution. This includes use for the Act itself, the Balanced Budget and Emergency Deficit Control Act of 1985, the Statutory Pay-As-You-Go Act of 2010, any concurrent budget resolution, the Rules of the House, and the Standing Rules of the Senate (including reconciliation).
If a private estimate is obtained under the new authority, the Office (the Congressional Budget Office) shall not prepare an estimate for that measure under subsection (a).
Defines the term "private reputable accounting firm" as any of the ten public accounting firms registered with the Public Company Accounting Oversight Board that had the largest net revenue during the previous year.
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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.
Introduced March 31, 2025 by Claudia Tenney · Last progress March 31, 2025
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.
Introduced in House