Financial Projections

As ordered by the House Committee on the Judiciary on November 20, 2025.

Cost estimate by the Congressional Budget Office (CBO) February 27, 2026:*

H.R. 2675 would make it unlawful for a foreign state or sovereign wealth fund to directly or indirectly fund a civil lawsuit in the United States in which it is not a named party. The changes would apply to both pending and future civil actions. The bill would increase disclosure and certification requirements on litigants in cases where foreign sponsors or entities have interests at stake. H.R. 2675 also would require the Attorney General to report annually to the Congress on activities involving foreign funding of third-party litigation.

An Update from the Congressional Budget Office. *

INTRODUCTION:

The Congressional Budget Office’s November 2025 update shows that rapidly changing tariff policies have significantly reshaped federal budget projections. As of mid November, the effective U.S. tariff rate is about 14 percentage points higher than a year earlier, and CBO now estimates that tariffs implemented in 2025 could reduce federal deficits by roughly $3.0 trillion over the next decade, including lower interest costs. The report explains why these estimates are smaller than earlier projections, highlights exemptions and policy shifts affecting major trading partners. It also underscores the considerable uncertainty surrounding the long term fiscal and economic effects of today’s unprecedented tariff levels.

Articles Posted in Financial Projections

H.R. 2675, Protecting Our Courts from Foreign Manipulation Act

Congressional Budget Office (CBO) Update: Tariffs, Revenues and the Federal Defecit–What the Latest Numbers Show