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Over the past three months, CBO has produced a variety of budget and economic analyses, fulfilling the agency's core mission of supporting the Congress during each stage of the legislative process. CBO published various cost estimates and analytic products (mostly reports and working papers). This newsletter is a companion to CBO's Recent Publications and Work in Progress as of December 31, 2023, which offers a summary of both recent publications and those scheduled to be released in the coming months. CBO also regularly publishes presentations and data, which can be found on the agency's website. |
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Cost EstimatesCBO routinely provides the Congress with information about the effects of proposed legislation on the federal budget through its technical assistance and cost estimates. The agency is required to prepare a cost estimate for nearly every bill that is approved by a full Congressional committee of the House of Representatives or Senate. It also publishes cost estimates at other stages of the legislative process if requested to do so by a relevant committee or by Congressional leadership. Over the past three months, the agency published over 100 cost estimates, including the following: |
- A cost estimate for S. 1271, the FEND Off Fentanyl Act, which would impose sanctions on foreigners involved in fentanyl trafficking and codify existing sanctions established under Executive Order 14509 that target illicit drug trafficking.
- Cost estimates for the National Defense Authorization Act for Fiscal Year 2024, including S. 2226 as passed by the Senate, H.R. 2670 as passed by the House, and the conference report for H.R. 2670, all of which would prescribe various authorities and policies that govern national defense and foreign affairs.
- A cost estimate for S. 2488, the Raise the Wage Act of 2023, which would raise the federal minimum wage, in annual increments, to $17 per hour by July 2029.
In addition to preparing the cost estimates below, CBO also reviews bills scheduled to be taken up under suspension of the rules (which is a procedure that the House of Representatives uses to bring legislation to the floor that is noncontroversial and expected to pass quickly and with little debate). CBO prepared 18 estimates for such bills. |
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