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CBO Show Your Work Act

Source: Congress.gov  ·  586 words in original text
This bill requires the Congressional Budget Office (the government agency that estimates how much legislation costs) to publicly share the models, data and calculations it uses when scoring bills. The goal is to let anyone see how the office reached its cost estimates, not just members of Congress.
Members of Congress and the general public who want to understand how the Congressional Budget Office calculates bill costs.
• The Congressional Budget Office must make available to Congress members and post on its website all fiscal models, policy models and data preparation routines (step-by-step procedures for organizing information) used to estimate legislation costs (Sec. 2(b)(1)) • The office must share all updates to these models and routines (Sec. 2(b)(2)) • For each bill cost estimate, the office must provide the data, computer programs, models, assumptions and calculation details in enough detail that someone outside the office can reproduce the same results (Sec. 2(b)(3)) • For data that cannot be publicly released by law, the office must list all data variables (categories of information), provide statistics about the data like averages and patterns, cite the law preventing release, and explain who can access the full data (Sec. 2(b)(4))
The Congressional Budget Office will be required to share its internal cost-estimating tools and working information with the public on its website, subject to privacy laws.
None defined in bill text.
Six months after the date the bill becomes law.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.