Executive Action Cost Transparency Act

Full Title:
Executive Action Cost Transparency Act

Summary#

This bill requires the Congressional Budget Office (CBO) to count the budget effects of certain judicial actions and executive actions when it calculates the budget baseline. Executive actions named include proposed rules, final rules, executive orders, and memoranda. Agencies must give the CBO a list of written materials, implementation guidance, and other relevant information within 10 days after an executive action goes into effect. The CBO must, when practical, include a separate table in its regular baseline report listing any such actions issued since the last report if the Director estimates the action will have budgetary effects of at least $50,000,000,000 over the current year, the budget year, and the nine years after the budget year. Proposed executive actions are treated as final for deciding whether to include them in that table, and inclusion follows agreed scorekeeping rules.

What it means for you#

If the bill becomes law, CBO budget baselines would reflect the estimated budget impact of many judicial and executive actions. Federal departments and agencies would need to provide documentation and guidance quickly after an executive action takes effect. Large actions (those the CBO estimates will affect the budget by at least $50 billion over a ten-year span) would be listed in a separate table in CBO baseline reports.

Expenses#

No publicly available information on the bill's implementation or administrative costs. The bill sets a reporting threshold of $50,000,000,000 for listing actions in the CBO report but does not provide cost estimates for carrying out the new documentation or analysis requirements.

Proponents' View#

No publicly available information.

Opponents' View#

No publicly available information.