I
119THCONGRESS
1
STSESSION H. R. 2524
To amend the Congressional Budget and Impoundment Control Act of 1974
to provide that Congress may request estimates of legislation from rep-
utable accounting firms for purposes of budget enforcement, and for
other purposes.
IN THE HOUSE OF REPRESENTATIVES
MARCH31, 2025
Ms. T
ENNEY(for herself and Mr. COLLINS) introduced the following bill;
which was referred to the Committee on Rules, and in addition to the
Committee on the Budget, for a period to be subsequently determined by
the Speaker, in each case for consideration of such provisions as fall with-
in the jurisdiction of the committee concerned
A BILL
To amend the Congressional Budget and Impoundment Con-
trol Act of 1974 to provide that Congress may request
estimates of legislation from reputable accounting firms
for purposes of budget enforcement, and for other pur-
poses.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Replacing Exploitative 4
Partisan Estimates with Alternatives by Liquidating Con-5
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gressional Budget Office Requirements’’ or the ‘‘REPEAL 1
CBO Requirements Act’’. 2
SEC. 2. BUDGET ESTIMATES BY REPUTABLE ACCOUNTING 3
FIRMS. 4
(a) I
NGENERAL.—Section 402 of the Congressional 5
Budget and Impoundment Control Act of 1985 (2 U.S.C. 6
653) is amended— 7
(1) by striking ‘‘The Director’’ and inserting 8
‘‘(a)
IN GENERAL.—The Director’’; and 9
(2) by adding at the end the following: 10
‘‘(b) E
STIMATE BY ACCOUNTING FIRMS .— 11
‘‘(A) I
N GENERAL.—Notwithstanding any 12
other provision of law, the chair of any com-13
mittee of the House of Representatives or the 14
Senate (except the Committee on Appropria-15
tions of each House) may, instead of an esti-16
mate under subsection (a), obtain an estimate 17
for any bill or resolution of a public character 18
reported by such committee from a private rep-19
utable accounting firm. 20
‘‘(B) A
PPLICATION.— 21
‘‘(i) I
N GENERAL.—Any estimate ob-22
tained under subparagraph (A) shall be 23
used in lieu of an estimate prepared by the 24
Congressional Budget Office under sub-25
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section (a) for budget enforcement with re-1
spect to the applicable bill or joint resolu-2
tion, including for purposes of this Act, the 3
Balanced Budget and Emergency Deficit 4
Control Act of 1985, the Statutory Pay- 5
As-You-Go Act of 2010, any concurrent 6
resolution on the budget, the Rules of the 7
House of Representatives, and the Stand-8
ing Rules of the Senate (including for pur-9
poses of reconciliation). 10
‘‘(ii) CBO
ESTIMATE NOT RE -11
QUIRED.—If an estimate is obtained under 12
subparagraph (A), then the Office shall 13
not prepare an estimate for the applicable 14
measure under subsection (a). 15
‘‘(C) D
EFINITION OF PRIVATE REPUTABLE 16
ACCOUNTING FIRM .—In this subsection, the 17
term ‘private reputable accounting firm’ means 18
any of the ten public accounting firms reg-19
istered with the Public Company Accounting 20
Oversight Board with the largest net revenue 21
during the previous year.’’. 22
(b) C
ONFORMINGAMENDMENT.—Section 312(a) of 23
such Act is amended by adding at the end the following: 24
‘‘The estimates by a private reputable accounting firm 25
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under section 402(b) may be used by either such Com-1
mittee for purposes of carrying out this subsection.’’. 2
Æ
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