The bill, S. 3895, proposes changes to the Congressional Budget and Impoundment Control Act of 1974. It mandates the Congressional Budget Office (CBO) to evaluate and provide inflation estimates for any major legislation that significantly impacts the United States' gross...
Simple Explanation
The bill wants to make sure that before big laws that could change America's money situation are discussed, a special office checks how they might make things more expensive. This helps people know if these new laws might make everything cost more, except when it's about emergencies or keeping the country safe.