117 HR 9692 IH: Congressional Budget Office Termination Act U.S. House of Representatives 2022-12-23 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I117th CONGRESS2d SessionH. R. 9692IN THE HOUSE OF REPRESENTATIVESDecember 23, 2022Mr. Gohmert introduced the following bill; which was referred to the Committee on the BudgetA BILLTo terminate the Congressional Budget Office, and for other purposes.

1.

Short title

This Act may be cited as the Congressional Budget Office Termination Act.

2.

Abolishment of Congressional Budget Office

(a)

In general

On the date that is one year after the date of enactment of this Act, the Congressional Budget Office is abolished.(b)

Resolution and termination of CBO functions

(1)

Resolution of Functions

During the period beginning on the date of enactment of this Act and ending on the termination date in subsection (a)—(A)the disposition and resolution of functions of the CBO shall be completed in accordance with this Act; and(B)the Chief Administrator Officer, in consultation with the Secretary, shall resolve all functions that are transferred under this section and are not otherwise continued under this Act.(2)

Termination of Functions

All functions that are transferred under this Act that are not otherwise continued by this Act shall terminate on the date set forth in subsection (a).(c)

Responsibilities of the CAO

(1)

In General

The Chief Administrative Officer, in consultation with the Secretary, shall be responsible for the implementation of this Act, including—(A)the administration and wind-up, during the wind-up period, of all functions of the CBO;(B)the administration and wind-up, during the wind-up period, of any outstanding obligations of the CBO under any programs terminated by this Act; and(C)taking such other actions as may be necessary to wind-up any outstanding affairs of the CBO before the termination date in subsection (a).(2)

Transfer of Assets and Personnel

In connection with any delegation of functions, the Chief Administrative Officer, in consultation with the Secretary, may transfer such assets, funds, personnel, records, and other property relating to the delegated function as the Chief Administrative Officer, in consultation with the Secretary, determines to be appropriate.(d)

Scoring

(1)

In general

On or after the termination date set forth in subsection (a), the Committees on the Budget of the House of Representatives and the Senate shall publish, on the public website of each such committee, a list of private, independent entities that are able to provide cost estimates for legislation that would otherwise be carried out by CBO pursuant to the Congressional Budget and Impoundment Control Act of 1974, or any other law, rule, or regulation, but for the requirements of this Act.(2)

Bonus

Subject to the availability of appropriations, the chair of the Committee on the Budget of the House of Representatives or the Senate may pay a bonus to any private entity that, during any calendar year, provides estimates for legislation pursuant to paragraph (1) that are each within five percent of the actual cost of carrying out the enacted legislation. In determining such actual cost, the chairs shall consult with the Office of Management and Budget.(e)

Definitions

In this Act:(1)

Chief Administrative Officer

The term Chief Administrative Officer refers to the Chief Administrative Officer of the House of Representatives.(2)

CBO

The term CBO refers to the Congressional Budget Office.(3)

Secretary

The term Secretary refers to the Secretary of the Senate.