H.R. 9716, also known as the "Increasing Baseline Updates Act," aims to amend the Congressional Budget and Impoundment Control Act of 1974. The bill requires the Congressional Budget Office (CBO) to provide at least two updates to its financial projections, known as...
Simple Explanation
The "Increasing Baseline Updates Act" is a plan to make sure that the people who help figure out how much money the government can spend give their estimates twice a year, and it asks the President to share all the important numbers about the budget with Congress by February 1st each year.