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HR 991
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Cost Estimates Improvement Act

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.

Introduced Feb 5, 2025

Latest action (Feb 5, 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.

Referred to
Budget Committee Rules Committee
Policy area
Economics and Public Finance
Issues
Economy & Taxes
Legislative subjects (2)
Budget deficits and national debtBudget process

Summary

- Requires the Congressional Budget Office and the Joint Committee on Taxation to include estimates of public debt servicing costs in their cost estimates, to the extent practicable.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
20 cosponsors

Actions (2)
  1. Feb 5, 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. · house
  2. Feb 5, 2025 Introduced in House

More bills on these subjects (8)

Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).

  • HR 4464 — Preventive Health Savings Act (shares 2 subjects)
  • S 2732 — Bonuses for Cost-Cutters Act of 2025 (shares 2 subjects)
  • HCONRES 113 — Establishing the congressional budget for the United States Government for fiscal year 2027 and setting forth the appropriate budgetary levels for fiscal years 2028 through 2036. (shares 2 subjects)
  • SCONRES 33 — A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2026 and setting forth the appropriate budgetary levels for fiscal years 2027 through 2035. (shares 2 subjects)
  • HJRES 139 — Proposing an amendment to the Constitution of the United States requiring a balanced budget for the Federal Government. (shares 2 subjects)
  • HR 5438 — Incentivize Savings Act (shares 2 subjects)
  • SCONRES 22 — A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2026 and setting forth the appropriate budgetary levels for fiscal years 2027 through 2035. (shares 2 subjects)
  • HCONRES 14 — Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034. (shares 2 subjects)

Text versions (1)
  • Introduced in House · Feb 5, 2025

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE HOUSE OF REPRESENTATIVES

February 5, 2025

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, and Mr. Collins) introduced the following bill; which was 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

A BILL

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Cost Estimates Improvement Act”.

SEC. 2. CBO AND JCT ESTIMATES TO INCLUDE DEBT SERVICING COSTS.

(a) In General.—The Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 621 et seq.) is amended by inserting after section 402 the following:

“estimates to include debt servicing costs

“Sec. 403. 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.”.

(b) Clerical Amendment.—The table of contents of such Act is amended by inserting after the item relating to section 402 the following:

“403. Estimates to include debt servicing costs.”. <all>

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