HR991119th CongressWALLET

Cost Estimates Improvement Act

Sponsored By: Representative Cloud

Introduced

Summary

This bill would require official budget estimates to __include debt servicing costs__. It aims to make the costs of federal interest and borrowing more visible in CBO and Joint Committee on Taxation scoring and fiscal planning.

Show full summary
  • Congressional Budget Office and Joint Committee on Taxation would be required to add the costs of servicing the federal public debt to their estimates, subject to the standard "to the extent practicable." This is an accounting requirement rather than a new spending or tax rule.
  • Lawmakers would see more consistent information about interest costs when evaluating legislation, which could influence how Congress weighs long term proposals and budget choices.
  • Budget analysts and the public would get clearer, more complete cost estimates that highlight how debt service contributes to future federal obligations.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Make federal debt costs visible

If enacted, this bill would require the Congressional Budget Office and the Joint Committee on Taxation to include federal public debt service costs in their official estimates. The rule would apply "to the extent practicable." The bill does not set dollar amounts or scoring formulas. If passed, this could make debt costs more visible in budget scoring and influence fiscal choices that affect markets and households.

Sponsors & CoSponsors

Sponsor

Cloud

TX • R

Cosponsors

  • Meuser

    PA • R

    Sponsored 2/5/2025

  • Case

    HI • D

    Sponsored 2/5/2025

  • McClintock

    CA • R

    Sponsored 2/5/2025

  • Golden (ME)

    ME • D

    Sponsored 2/5/2025

  • Perez

    WA • D

    Sponsored 2/5/2025

  • Grothman

    WI • R

    Sponsored 2/5/2025

  • McCormick

    GA • R

    Sponsored 2/5/2025

  • Norman

    SC • R

    Sponsored 2/5/2025

  • Rouzer

    NC • R

    Sponsored 2/5/2025

  • Huizenga

    MI • R

    Sponsored 2/5/2025

  • Weber (TX)

    TX • R

    Sponsored 2/5/2025

  • Obernolte

    CA • R

    Sponsored 2/5/2025

  • Edwards

    NC • R

    Sponsored 2/5/2025

  • Collins

    GA • R

    Sponsored 2/5/2025

  • Carter (GA)

    GA • R

    Sponsored 2/6/2025

  • Moore (NC)

    NC • R

    Sponsored 2/11/2025

  • Cline

    VA • R

    Sponsored 2/11/2025

  • Davidson

    OH • R

    Sponsored 9/26/2025

  • Moore (UT)

    UT • R

    Sponsored 1/13/2026

  • Begich

    AK • R

    Sponsored 2/10/2026

Roll Call Votes

No roll call votes available for this bill.

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