H.R. 9716, titled the "Increasing Baseline Updates Act," proposes changes to the Congressional Budget and Impoundment Control Act of 1974. It mandates the Congressional Budget Office (CBO) to provide at least two updates to its budgetary baseline each year, with at least one...
Simple Explanation
H.R. 9716 is a new rule that wants the people who keep track of the money the government spends to share their updates about how money is being used at least twice a year, so everyone knows if things are going as planned. It also says the President has to tell Congress special money details every year by February 1st, to help everyone understand how much money is actually being used.