H. R. 991, also known as the “Cost Estimates Improvement Act,” seeks to amend the Congressional Budget Act of 1974. The bill requires that any estimate prepared by the Congressional Budget Office (CBO) or the Joint Committee on Taxation (JCT) should include the costs...
Simple Explanation
H. R. 991 wants to make sure that when the government figures out what it will do with its money, it also thinks about the costs of paying back borrowed money. This is like remembering to count how much money you owe when deciding how to spend your allowance.