H.R. 6101: CBO Oversight Act

This bill, known as the CBO Oversight Act, proposes to amend the Congressional Budget and Impoundment Control Act of 1974. The main provision of the bill requires the Director of the Congressional Budget Office (CBO) to provide testimony at annual hearings held by the Committees on the Budget of both the House of Representatives and the Senate.

Key Provisions

• Annual Testimony Requirement: The CBO Director must testify at two separate hearings for each of the Budget Committees during each calendar year. These hearings will be conducted at the request of the chair of the respective Committee.
• Topics of Discussion: The testimony provided during these hearings can cover any topics that the Committees find relevant. This includes reviewing the accuracy of the baseline projections and estimates that the CBO prepared in the previous fiscal year.
• Clerical Update: The bill also includes a clerical amendment to update the table of contents of the existing Act to reflect the new section that mandates these hearings.

The goal of this legislation is to enhance oversight and accountability regarding the financial analyses and projections made by the CBO, potentially increasing transparency in the budgeting process.

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