H.R. 9714, titled the "CBO Oversight Act," proposes an amendment to the Congressional Budget and Impoundment Control Act of 1974. The bill requires the Director of the Congressional Budget Office (CBO) to provide testimony at two hearings each year before both the House and...
Simple Explanation
H.R. 9714, the "CBO Oversight Act," is a rule that wants the head of an important office in charge of money reports, the Congressional Budget Office, to talk to special groups in the House and the Senate twice a year to make sure their money guesses are right and everything is clear.