AI-assisted analysis based on the official CRS summary. Source version: Jan 14, 2026. Analysis updated: Sep 18, 2026.
01 — The Text
What.
- Requires the Congressional Budget Office (CBO) to submit at least two updates to its annual baseline to Congress, unless the budget committee chairs direct otherwise
- At least one of the required updates must include the economic data used by CBO to calculate the update
- Requires the President to submit technical budget data to Congress on or before February 1 each year, to the extent practicable
- Currently, CBO publishes one baseline by February 15 annually and may provide additional updates depending on timing of the President's budget request
02 — The Stakes
So what?
- The bill establishes a minimum requirement for baseline updates beyond current practice, which has no statutory requirement for specific updates
- CBO will be required to provide transparency on economic data assumptions in at least one update
- The bill shifts earlier submission of technical budget data from the President's full budget request timeline to February 1
- The effect on budget forecasting accuracy or congressional decision-making is not established in the official summary
03 — The Path
Now what?
- House Committee on the Budget approved the bill 26–0 on September 16, 2026
- Bill was introduced in House on December 4, 2025, and referred to House Budget Committee
- No subsequent floor action or Senate consideration has been recorded
Legislative History
Actions.
- Sep 16, 2026 — Ordered to be Reported by the Yeas and Nays: 26 - 0.
- Sep 16, 2026 — Committee Consideration and Mark-up Session Held
- Dec 4, 2025 — Referred to the House Committee on the Budget.
- Dec 4, 2025 — Introduced in House