Full Title To amend the Congressional Budget Act of 1974 to provide that any estimate prepared by the Congressional Budget Office or the Joint Committee on Taxation shall include costs relating to servicing the public debt, and for other purposes.
Require Congressional Budget Office and Joint Committee on Taxation cost estimates to include costs relating to servicing the public debt.
Occurrences
Evidence
verified · Source version 60670 · locator 524
Mr. Cloud (for himself, Mr. Meuser, Mr. Case, Mr. McClintock, Mr. Golden of Maine, Ms. Perez, Mr. Grothman, Mr. McCormick, Mr. Norman, Mr. Rouzer, Mr. Huizenga, Mr. Weber of Texas, Mr. Obernolte, Mr. Edwards, Mr. Collins, Mr. Carter of Georgia, Mr. Moore of North Carolina, Mr. Cline, Mr. Davidson, Mr. Moore of Utah, and Mr. Begich) introduced the following bill; which was referred to the Committee on Rules, and in addition to the Committee on the Budget
verified · Source version 60670 · locator 1957
Any estimate prepared by the Director of the Congressional Budget Office under section 402, and any estimate prepared by the Joint Committee on Taxation, shall include, to the extent practicable, the costs (if any) of servicing the public debt.
unverified · Source version 60672 · locator unknown
By long-standing convention, cost estimates do not typically account for the cost of servicing the additional federal debt that would result from enacting a piece of legislation.
unverified · Source version 60672 · locator unknown
Any change in practice to account for debt-service effects in cost estimates used for budget enforcement purposes would occur at the direction of the House and Senate Budget Committees.
verified · Source version 60674 · locator 1991
This bill would require the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT), to the extent practicable, to include the cost of servicing the public debt in legislative cost estimates. It was reported to the House with a favorable recommendation by a vote of 17-7.
verified · Source version 60676 · locator 5269
H.R. 8341 would amend the Congressional Budget Act of 1974 to require the Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) to add debt-service costs to cost estimates for authorization legislation that has been ordered reported—that is, approved—by a full committee.
Assessments
The verified commitment is an outcome promise to amend the Congressional Budget Act so CBO and JCT estimates include public-debt servicing costs, not merely to introduce legislation. Verified passages show Cloud introduced H.R. 10327 with matching text and that it was referred to committees, and prior related legislation was reported favorably, demonstrating material effort. However, the cited verified evidence describes bills that would require the change if enacted and does not show enactment or implementation of the required estimating practice. With no deadline expired, the outcome remains unresolved rather than delivered or partial.