Washington, D.C. - September 26, 2017 (The Ponder News) -- Rep. Warren Davidson (OH-08) and Republican Study Committee Chairman Rep. Mark Walker (NC-06) introduced the “CBO Show Your Work” Act in the House on Monday pushing for the Congressional Budget Office (CBO) to disclose the formulas it uses when providing budget and economic information to Congress and the public.
"Transparency provides a strong safeguard against errors, omissions and bias.
"The algorithms, datasets and methodologies in use by the CBO should be readily available for everyone to inspect and use at their own discretion. Having this data available will save precious time and staff resources as it lets congressional offices vet their legislation before submitting a final product to the CBO.
“The CBO’s delay in providing timely analysis to the House and Senate during efforts to repeal and replace Obamacare punctuates a long list of reasons why transparency and peer review are essential," said Davidson.
Claudia Tenney (NY-22) and Barry Loudermilk (GA-11) are co-sponsors to the “CBO Show Your Work” Act H.R.3822.
Background: Davidson’s bill requires the Congressional Budget Office to make the fiscal and mathematical models, data, and other details of computations used in cost analysis and scoring publicly available online.
In the Senate, Sen. Mike Lee introduced The CBO Show Your Work Act of 2017 on August 4, 2017 which is a companion to Davidson’s bill. The bill has 14 co-sponsors including, Sens. Roy Blunt (R-MO), Ben Sasse (R-NE), Tom Cotton (R-AR), Ted Cruz (R-TX), Steve Daines (R-MT), Jim Inhofe (R-OK), Ron Johnson (R-WI), James Lankford (R-OK), Rand Paul (R-KY), David Perdue (R-GA), Jim Risch (R-ID), Pat Roberts (R-KS), Mike Rounds (R-SD), Marco Rubio (R-FL), and Roger Wicker (R-MS).
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