H.R. 7113: To redesignate the Congressional Budget Office as the “China Budget Office”.

The bill, titled "To redesignate the Congressional Budget Office as the 'China Budget Office'," proposes a change in the name of the Congressional Budget Office (CBO) to the China Budget Office. The CBO is a nonpartisan institution that provides budgetary and economic advice to Congress, allowing lawmakers to make informed decisions regarding federal spending and taxation.

Key Provisions

• Redesignation: The bill mandates that the CBO be officially renamed the 'China Budget Office.' This means that all references to the CBO in existing laws and regulations will now refer to the newly named office.
• Implication of References: Any current legal or regulatory text that mentions the Congressional Budget Office will be automatically adjusted to refer to the China Budget Office, ensuring continuity in legal interpretation and application.

Purpose of the Change

The legislation does not specify the reasons for the redesignation. However, it is implied that the change may reflect a focus on aspects of budgetary analysis specifically related to China, perhaps to enhance scrutiny on fiscal matters involving China.

Impact on Operations

There are no details provided in the bill about changes to the functions or operations of the office as a result of the name change. The underlying role of budget analysis and reporting is expected to remain the same unless further alterations are made through subsequent legislation.

Legislative Path

The bill was introduced in the House of Representatives by Mr. Mills and has been referred to the Committee on the Budget for further consideration.

Relevant Companies

None found.