About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 1 (March 24, 2020)

handle is hein.congrec/cbowkrp0001 and id is 1 raw text is: • MARCH 2020 The Congressional Budget Office's Work in 2019: A Report to the Congress The Congressional Budget Office was established under the Congressional Budget Act of 1974 to provide information that would support the Congressional budget process and help the Congress make effective budget and economic policy. CBO's work follows processes specified in that law and subsequent laws or developed over time by the agency in concert with the budget committees and the Congressional lead- ership. The agency's chief responsibility under the Budget Act is to help the budget committees with the matters under their jurisdiction. CBO also sup- ports other Congressional committees-particularly the Appropriations, Ways and Means, and Finance Committees, as the Budget Act requires-and the lead- ership of the House and Senate. CBO strives to present the likely consequences of pro- posals being considered by the Congress so that law- makers can make informed policy choices. The agency is committed to providing information that is: Objective and insightful-representing the consensus and diversity of views of experts from around the country and applying the best new evidence as well as the lessons of experience; Timely-responding as quickly as possible to the needs of the Congress; and Clearly presented and explained-so that policymakers and analysts understand the basis for the agency's findings and have the opportunity to question the analysis and methods used. In keeping with CBO's mandate to provide objec- tive, impartial analysis, the agency makes no policy recommendations. To fulfill its mission, CBO analyzes trends and recent developments related to the economy and the budget. It also develops 10-year and longer-term baseline pro- jections, which incorporate the assumption that current laws generally do not change. The agency uses those base- line projections, which serve as benchmarks for gauging the effects of spending and revenue proposals, in most of its analyses. CBO produces the following materials: Formal cost estimates for almost all bills reported by committees of the House and Senate, including estimates of the cost of intergovernmental and private-sector mandates; Technical assistance while legislation is being developed and while amendments are being considered by the House and Senate; Scorekeeping reports and estimates for appropriation bills; Analytic reports, working papers, and testimony covering a broad range of budgetary and economic issues; Data files documenting CBO's baseline projections and providing other information underlying the analytic reports; and Information that clearly presents and explains CBO's analyses.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most