H.R. 2524 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned, Mar 31, 2025
What this bill does
In plain words · AI-written from the official summaryLets committees use private cost estimates
Right now, the Congressional Budget Office (CBO) is required to estimate how much new laws would cost. This bill would let committee chairs get those cost estimates from private accounting firms instead. The private firms would have to be among the largest accounting companies in the country, and if a committee uses a private firm's estimate, that estimate would be used for budget decisions and CBO wouldn't prepare one.
How it affects you
This mainly affects how Congress works behind the scenes when developing legislation. For the average person, it could change which information Congress relies on when deciding whether bills are affordable, though the official summary doesn't spell out how this would directly change what Congress members do or what laws they pass.
Read the official summary (Introduced in House, Mar 31, 2025)
Replacing Exploitative Partisan Estimates with Alternatives by Liquidating Congressional Budget Office Requirements or the REPEAL CBO Requirements Act
This bill allows certain congressional committees to obtain cost estimates for legislation from private reputable accounting firms rather than the Congressional Budget Office (CBO).
Under current law, CBO is generally required to produce cost estimates for most bills that are reported by congressional committees. This bill allows chairs of congressional committees (except the appropriations committees) to obtain estimates for reported legislation from a private reputable accounting firm instead of CBO. Under the bill, a private reputable accounting firm means any of the 10 public accounting firms registered with the Public Company Accounting Oversight Board with the largest net revenue during the previous year.
If a committee chair obtains an estimate from a private accounting firm pursuant to this bill, (1) the estimate must be used for budget enforcement purposes, and (2) CBO may not prepare an estimate for the applicable measure.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 2524
A BILL
REPEAL CBO Requirements Act
Sponsor: Rep. Claudia Tenney (R-NY-24) · Introduced Mar 31, 2025 · Economics and Public Finance · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Mar 31, 2025: “Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.”