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1 Providing Formal Cost Estimates before Full Committee Markup 1 (June 22, 2021)

handle is hein.congrec/pvfcesbf0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Phillip L. Swagel, Director U.S. Congress Washington, DC 20515 June 22, 2021 Honorable Rosa L. DeLauro Chairwoman Committee on Appropriations U.S. House of Representatives Washington, DC 20515 Re: Providing Formal Cost Estimates Before Full Committee Markup Dear Madam Chairwoman: This letter responds to interest expressed by the House Committee on Appropriations concerning the costs and benefits of allowing lawmakers to request and receive formal cost estimates from the Congressional Budget Office for legislation in advance of committee markups.' Under that proposal, CBO would provide Members with budgetary information earlier in the process than it does now by boosting its volume of formal cost estimates. To accomplish that, CBO would require substantial increases in staffing and funding and, in order to increase production of formal cost estimates, might need to provide fewer preliminary estimates and less technical assistance during the development of legislation. Considering a range of possible scenarios for implementing the proposal, CBO estimates that its added costs might range from $8 million to $84 million a year. The proposal also would affect entities other than CBO: Under current law, the staff of the Joint Committee on Taxation (JCT) provides estimates for changes to tax law, and executive branch agencies supply CBO with information and data to support the agency's cost analyses. 1. See U.S. House of Representatives, Legislative Branch Appropriations Bill, 2021 (H.R. 7611), House Report 116-447 (July 2020), p. 24, https://gcusa g/6ax (PDF 1 MB).

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