H.R. 9716, titled the “Increasing Baseline Updates Act,” proposes an amendment to the Congressional Budget and Impoundment Control Act of 1974. The bill mandates the Congressional Budget Office (CBO) to provide at least two updates to its baseline reports each year, including...
Simple Explanation
Imagine there's a big book where adults keep track of all the money the government plans to spend; this bill wants them to update that book more often to make sure the numbers are right and share those updates with everyone. It also asks the President to send an important message by February 1 each year with the latest money details to help make good plans.