This bill adds a new section to the Congressional Budget Act of 1974. It says any estimate prepared by the Congressional Budget Office (CBO) under section 402, and any estimate by the Joint Committee on Taxation (JCT), must include, to the extent practicable, the costs (if any) of servicing the public debt. The bill also updates the Act's table of contents to list the new section.
The bill changes what the CBO and JCT are asked to include in their official cost estimates. When practical, their estimates should show the costs of servicing the public debt. No publicly available information on direct effects for individual people.
No publicly available information on the bill's costs, budgetary effects, or how agencies would measure those debt servicing costs.
No publicly available information.
No publicly available information.