H.R. 6569: Executive Action Cost Transparency Act

This bill, known as the Executive Action Cost Transparency Act, aims to improve the way the Congressional Budget Office (CBO) calculates the federal budget by including certain executive and judicial actions in its baseline calculations.

Key Provisions

• Inclusion of Executive and Judicial Actions

  The CBO is required to consider the budgetary effects of any executive action (such as executive orders, proposed rules, final rules, or memoranda) and any judicial actions when preparing its baseline calculations. This means that any budget reporting must now take into account the financial impact of these actions on the federal budget.

• Documentation Requirements

  Agencies that create or implement any executive actions must submit a detailed report to the CBO within 10 days of the action going into effect. This report must include:

  • All written documentation related to the executive action.
  • Implementation guidance for those affected by the action, covering internal and external stakeholders.
  • Any additional relevant information or data necessary for analysis.

• Table in Budget Reports

  Budget reports produced by the CBO must include a separate table that outlines any executive or judicial actions occurring after the last report update, provided that these actions are estimated to have budgetary effects of at least $50 billion over the current year and the following nine years. Proposed actions will be treated as final for inclusion in this table.

Implications

This legislation is designed to provide greater transparency regarding the financial implications of executive and judicial actions on the federal budget. By mandating the inclusion of these actions in budgetary evaluations, the bill aims to create a clearer picture of government spending and fiscal responsibility.

Relevant Companies

None found.