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S. 1746: CBO Show Your Work Act

The text of the bill below is as of Aug 3, 2017 (Introduced).


II

115th CONGRESS

1st Session

S. 1746

IN THE SENATE OF THE UNITED STATES

August 3, 2017

(for himself, Mr. Blunt, Mr. Cotton, Mr. Cruz, Mr. Daines, Mr. Inhofe, Mr. Johnson, Mr. Lankford, Mr. Paul, Mr. Perdue, Mr. Risch, Mr. Roberts, Mr. Rounds, Mr. Rubio, and Mr. Wicker) introduced the following bill; which was read twice and referred to the Committee on the Budget

A BILL

To require the Congressional Budget Office to make publicly available the fiscal and mathematical models, data, and other details of computations used in cost analysis and scoring.

1.

Short title

This Act may be cited as the CBO Show Your Work Act.

2.

Publication of Congressional Budget Office models

(a)

In general

Section 402 of the Congressional Budget Act of 1974 (2 U.S.C. 653) is amended—

(1)

by striking The Director and inserting the following:

(a)

In general

The Director

; and

(2)

by adding at the end the following:

(b)

Publication of models and data

The Director of the Congressional Budget Office shall make available to Members of Congress and make publicly available on the website of the Congressional Budget Office—

(1)

each fiscal model, policy model, and data preparation routine used by the Congressional Budget Office in estimating the costs and other fiscal, social, or economic effects of legislation, including estimates prepared under subsection (a);

(2)

any update of a model or routine described in paragraph (1);

(3)

subject to paragraph (4), for each estimate of the costs and other fiscal effects of legislation, including estimates prepared under subsection (a), the data, programs, models, assumptions, and other details of the computations used by the Congressional Budget Office in preparing the estimate, in a manner sufficient to permit replication by individuals not employed by the Congressional Budget Office; and

(4)

for any data that is required not to be disclosed by the Congressional Budget Office—

(A)

a complete list of all data variables for such data;

(B)

descriptive statistics for all data variables for such data (including averages, standard deviations, number of observations, and correlations to other variables), to the extent that the descriptive statistics do not violate the rule against disclosure;

(C)

a reference to the statute requiring that the data not be disclosed; and

(D)

information regarding how to contact the individual or entity who has unrestricted access to the data.

.

(b)

Effective date

The amendments made by subsection (a) shall apply on and after the date that is 6 months after the date of enactment of this Act.