This bill would amend the Congressional Budget Act of 1974 to require that any cost estimate prepared by the Congressional Budget Office (CBO) or the Joint Committee on Taxation (JCT) include costs related to servicing the public debt. The bill text also says it is "for other purposes" but gives no further details. The bill was introduced in the Senate, read twice, and referred to the Committee on the Budget. Sponsor: Senator Rick Scott.
If the bill became law, CBO and JCT cost estimates for legislation would explicitly include costs tied to servicing the public debt. The bill text does not describe how those costs would be calculated or how reports to Congress would change.
No publicly available information on budgetary effects, implementation costs, or specific spending changes is included in the bill text or metadata provided.
No publicly available information in the bill text describing proponents' arguments or stated benefits. Sponsor listed in metadata: Rick Scott.
No publicly available information in the bill text describing opponents' arguments or concerns.