Articles Posted in Legislative Information

The following is information compiled by the Congressional Budget Office (CBO) regarding H.R.7322, Standing Up to the Executive Branch for Act 2024, as ordered reported by the House Committee of the Judiciary on February 15. 2024. It includes a brief  summary of the bill, and links to estimated cost of implementation and the full text of the legislation:

SUMMARY:

H.R. 7322 would grant standing to state governments to bring action against the federal government in a federal district court for the purpose of seeking injunctive relief from immigration enforcement decisions that have harmed the state or its residents.

Today 1/19 we received the following posting from Deborah Kilroe of the Congressional Budget Office (CBO) announcing the release of its budget outlook on February 7. We are forwarding this announcement as a service to our readers:

The Congressional Budget Office will release The Budget and Economic Outlook: 2024 to 2034 at 2:00 p.m. EST on Wednesday, February 7. In December 2023, CBO released details about its forthcoming economic projections, focusing on the near term. Next month’s report will include the agency’s full 10-year economic forecast, as well as its updated 10-year budget projections. CBO last published budget projections in May 2023.

A briefing for credentialed members of the press will be held from 3:00 p.m. to 4:00 p.m. on February 7. CBO’s Director, Phillip Swagel, will make brief remarks and then answer questions about the report. More information about the briefing will soon be available on CBO’s press page.

In this document, the Congressional Budget Office (CBO) provides information concerning implementation of the caps on most discretionary funding for fiscal year 2024 as established by the Fiscal Responsibility Act of 2023.

Summary of Document:

In this document, a letter from Philip L. Swagel, Director of the Congressional Budget Office, The Congressional Budget Office is providing information concerning implementation of the caps on most discretionary funding for fiscal year 2024 as established by the Fiscal Responsibility Act of 2023 (FRA; Public Law 118-5). The FRA sets separate caps (in law they are called limits) on defense funding (in law, revised security, which is budget function 050) and on nondefense funding (revised nonsecurity, which covers all other budget functions).

December 15, 2023

The Congressional Budget reports that its May 2022 projections for fiscal year 2023, CBO overestimated revenues by 11 percent and underestimated outlays by 9 percent. CBO’s projection of the federal deficit for 2023 was less than the actual amount by 3.9 percent of GDP.

SUMMARY:

In this report CBO responds to questions about the agency’s current view of economic growth and interest rates and the implications of that view for the federal budget—as well as about the implications of inflation for workers.

SUMMARY:

This letter responds to questions about the Congressional Budget Office’s current view of economic growth and interest rates and the implications of that view for the federal budget—as well as about the implications of inflation for workers.

Nine new documents  as reported  by the House Committee on Small Business on September  26, 2023

H.R. 5426, a bill to require the Administrator of the Small Business Administration to provide a link to resources for submitting reports on suspected fraud relating to certain COVID-19 loans

As reported by the House Committee on Small Business on September 2

Posted by Phil Swagel on September 29, 2023.

Because of CBO’s role in supporting the Congress in its constitutional function, the agency has been instructed by the House and Senate Budget Committees that if appropriated funds lapse and normal operations of the federal government are suspended, all CBO staff will be considered “excepted employees” and will continue working through at least October 10. In the context of a government shutdown, “excepted employees” are required to work even in the absence of an appropriation. If there is a government shutdown and it continues beyond October 10, the status of CBO’s staff will depend on the needs of the Congress.

Phillip L. Swagel is CBO’s Director

As ordered reported by the House Committee on Veterans Affairs on July 26, 2023.

Summary:

H.R. 4278 would make several changes to disciplinary policies for employees of the Department of Veterans Affairs (VA).

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