H. R. 8341, also known as the “Cost Estimates Improvement Act,” aims to amend the Congressional Budget Act of 1974. The bill mandates that any estimates made by the Congressional Budget Office or the Joint Committee on Taxation must, as much as possible, account for the costs...
Simple Explanation
The Cost Estimates Improvement Act wants to make sure that when Congress looks at how much money new laws might cost, they also think about how much extra debt they might create and how much it will cost to pay back.