Cost Estimate Clarity Act
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Summary
The Cost Estimate Clarity Act amends the Congressional Budget Act of 1974 to require the Congressional Budget Office (CBO) to disclose how its use of baseline assumptions affects cost estimates for legislation. Specifically, the CBO must include a quantitative comparison showing the difference between estimates prepared using baseline assumptions versus estimates without them, identify which baseline assumptions caused the difference, and explain instances where baseline assumptions make estimated costs appear lower than actual expected federal expenditures.
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