CBO Oversight Act

# CBO Oversight Act Summary **What the Bill Does** The CBO Oversight Act would require the Director of the Congressional Budget Office (CBO)—a nonpartisan agency that analyzes the budgetary impact of proposed legislation—to testify before Congress at least twice per year. Specifically, the heads of the House and Senate Budget Committees could each request these testimonies to discuss any topic they consider important, including reviewing how accurate the CBO's budget projections and cost estimates were in the previous fiscal year. **Who It Affects and Key Provisions** This bill primarily affects the CBO Director and Congress, particularly members of the Budget Committees. The main provision is the mandatory testimony requirement: the CBO Director would need to appear at hearings by the end of each calendar year if requested.

These hearings could cover the CBO's performance, budget forecasts, and any other budgetary matters the committees wish to discuss. Currently, the CBO Director testifies occasionally but is not required to do so on a fixed schedule. **Current Status** As of now, the bill remains in committee and has not been voted on by the full House of Representatives. It was introduced by Representative Ralph Norman (R-SC) in the 119th Congress.