Us Congress 2025-2026 Regular Session

Us Congress House Bill HB2524 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 2524
5	5	To amend the Congressional Budget and Impoundment Control Act of 1974
6	6	to provide that Congress may request estimates of legislation from rep-
7	7	utable accounting firms for purposes of budget enforcement, and for
8	8	other purposes.
9	9	IN THE HOUSE OF REPRESENTATIVES
10	10	MARCH31, 2025
11	11	Ms. T
12	12	ENNEY(for herself and Mr. COLLINS) introduced the following bill;
13	13	which was referred to the Committee on Rules, and in addition to the
14	14	Committee on the Budget, for a period to be subsequently determined by
15	15	the Speaker, in each case for consideration of such provisions as fall with-
16	16	in the jurisdiction of the committee concerned
17	17	A BILL
18	18	To amend the Congressional Budget and Impoundment Con-
19	19	trol Act of 1974 to provide that Congress may request
20	20	estimates of legislation from reputable accounting firms
21	21	for purposes of budget enforcement, and for other pur-
22	22	poses.
23	23	Be it enacted by the Senate and House of Representa-1
24	24	tives of the United States of America in Congress assembled, 2
25	25	SECTION 1. SHORT TITLE. 3
26	26	This Act may be cited as the ‘‘Replacing Exploitative 4
27	27	Partisan Estimates with Alternatives by Liquidating Con-5
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30	30	•HR 2524 IH
31	31	gressional Budget Office Requirements’’ or the ‘‘REPEAL 1
32	32	CBO Requirements Act’’. 2
33	33	SEC. 2. BUDGET ESTIMATES BY REPUTABLE ACCOUNTING 3
34	34	FIRMS. 4
35	35	(a) I
36	36	NGENERAL.—Section 402 of the Congressional 5
37	37	Budget and Impoundment Control Act of 1985 (2 U.S.C. 6
38	38	653) is amended— 7
39	39	(1) by striking ‘‘The Director’’ and inserting 8
40	40	‘‘(a)
41	41	IN GENERAL.—The Director’’; and 9
42	42	(2) by adding at the end the following: 10
43	43	‘‘(b) E
44	44	STIMATE BY ACCOUNTING FIRMS .— 11
45	45	‘‘(A) I
46	46	N GENERAL.—Notwithstanding any 12
47	47	other provision of law, the chair of any com-13
48	48	mittee of the House of Representatives or the 14
49	49	Senate (except the Committee on Appropria-15
50	50	tions of each House) may, instead of an esti-16
51	51	mate under subsection (a), obtain an estimate 17
52	52	for any bill or resolution of a public character 18
53	53	reported by such committee from a private rep-19
54	54	utable accounting firm. 20
55	55	‘‘(B) A
56	56	PPLICATION.— 21
57	57	‘‘(i) I
58	58	N GENERAL.—Any estimate ob-22
59	59	tained under subparagraph (A) shall be 23
60	60	used in lieu of an estimate prepared by the 24
61	61	Congressional Budget Office under sub-25
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64	64	•HR 2524 IH
65	65	section (a) for budget enforcement with re-1
66	66	spect to the applicable bill or joint resolu-2
67	67	tion, including for purposes of this Act, the 3
68	68	Balanced Budget and Emergency Deficit 4
69	69	Control Act of 1985, the Statutory Pay- 5
70	70	As-You-Go Act of 2010, any concurrent 6
71	71	resolution on the budget, the Rules of the 7
72	72	House of Representatives, and the Stand-8
73	73	ing Rules of the Senate (including for pur-9
74	74	poses of reconciliation). 10
75	75	‘‘(ii) CBO
76	76	ESTIMATE NOT RE -11
77	77	QUIRED.—If an estimate is obtained under 12
78	78	subparagraph (A), then the Office shall 13
79	79	not prepare an estimate for the applicable 14
80	80	measure under subsection (a). 15
81	81	‘‘(C) D
82	82	EFINITION OF PRIVATE REPUTABLE 16
83	83	ACCOUNTING FIRM .—In this subsection, the 17
84	84	term ‘private reputable accounting firm’ means 18
85	85	any of the ten public accounting firms reg-19
86	86	istered with the Public Company Accounting 20
87	87	Oversight Board with the largest net revenue 21
88	88	during the previous year.’’. 22
89	89	(b) C
90	90	ONFORMINGAMENDMENT.—Section 312(a) of 23
91	91	such Act is amended by adding at the end the following: 24
92	92	‘‘The estimates by a private reputable accounting firm 25
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95	95	•HR 2524 IH
96	96	under section 402(b) may be used by either such Com-1
97	97	mittee for purposes of carrying out this subsection.’’. 2
98	98	Æ
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