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118-hr-9716Committee
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Increasing Baseline Updates Act

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Summary

Official CRS summary

This bill requires the Congressional Budget Office (CBO) to submit to Congress at least two updates to its annual baseline. At least one of the updates must include the economic data used by CBO to calculate the update. (A baseline is a projection of federal spending and receipts during a fiscal year under current law. Under current law, CBO is required to publish the baseline by February 15 of each year. While there is no statutory requirement for specific updates, CBO generally provides an update with its analysis of the President's annual budget request. It has also provided some updates during the summer, depending on the timing of the President's budget request.) The bill also requires the President to submit technical budget data to Congress on or before February 1 of each year. Currently, federal agencies provide the data to Congress as part of the President's budget request.

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Bill details

Congress
118
Bill type
hr
Introduced
September 20, 2024
Sponsor
Not yet available
Last action
December 12, 2024— Received in the Senate and Read twice and referred to the Committee on the Budget.

The recorded vote

U.S. HouseDec 11, 2024
351Yea0Nay13Not voting

Counted from roll-call records for sitting members · source: congress.gov

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