H.R. 6140: Congressional Budget Office Scheduling Reform Act

This bill, titled the **Congressional Budget Office Scheduling Reform Act**, aims to modify the existing Congressional Budget and Impoundment Control Act of 1974. The primary objective of this legislation is to ensure that the Congressional Budget Office (CBO) publishes an annual schedule of its key reports and analyses.

Key Provisions

The bill includes several important provisions regarding the CBO’s operations:

• Annual Publication Schedule: The Director of the CBO is required to publish a schedule by December 31 of each year. This schedule will detail the expected publication dates for major recurring reports produced by the CBO.
• Included Reports: The schedule must at a minimum include the following reports:
• The baseline budget for the current and future years.
• The report on options for reducing the federal budget deficit.
• The report assessing the accuracy of prior budgetary projections for the recently completed fiscal year.
• A report identifying programs or activities that have unauthorized appropriations.
• Updates to the Schedule: The Director may update this schedule as necessary during the following calendar year. This allows for flexibility in response to changing circumstances or newly available information.

Changes to Legislative Structure

The bill also includes a clerical amendment to the table of contents of the Congressional Budget and Impoundment Control Act, adding a new section that corresponds to the newly established schedule of publications for the CBO.

Purpose of the Bill

The overall intention behind this bill is to enhance transparency with respect to the CBO’s reporting processes. By providing a schedule for when key reports will be available, lawmakers and the public can better anticipate the information and resources to inform budgetary decisions and discussions. The reform aims to improve access to crucial fiscal data, which may facilitate more informed decision-making by various stakeholders, including policymakers, the public, and analysts.

Impact and Implementation

Once enacted, the CBO will be tasked with implementing these provisions, which may require adjustments to its operational processes to accommodate the new scheduling requirement. The effectiveness of this reform will likely depend on the CBO's ability to adhere to the published schedule and produce reports in a timely manner.

Relevant Companies

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