Articles Posted in U.S. Federal Government Information

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Established in 1974, The Congressional Budget Office is a federal agency within the legislative branch of the United States government.  It is charged with providing  members of Congress  objective  analysis of budgeting and economic issues to support the congressional budget process. Each year, CBO economists and budget analysts produce dozens of reports and hundreds of cost estimates for proposed legislation.

For the past several months I have been receiving  directly from CBO links to  which I now plan to begin posting  selectively on this blog in the interest of information sharing.  If there appears to be sufficient interest among readers of this blog over a period of time, I plan to continue posting selections I receive from CBO

June 29,2023 – Report:

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This posting contains additional information not included in my June 22,2023 posting: HR. 3564 Middle Class Borrower Protection Act of 2023.

As posted on the website of the House Committee on Rules on June 20, 2023

https://rules.house.gov/bill/118/hr-3564

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As reported by the Senate Committee on Foreign Relations on June 13, 2023.

Summary:

S. 1074 would require the Departments of State and Defense to identify and report to the Congress on U.S. goods and services that China relies on and Chinese goods and services that the federal government procures and relies on. The bill also would require those departments to report on policies to reduce the federal government’s reliance on Chinese imports and respond to potential coercive action by the Chinese government. On the basis of information about the costs of similar reports, CBO estimates that implementing the bill would cost less than $500,000 over the 2023-2028 period. Any spending would be subject to the availability of appropriated funds.

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As reported by the Senate Committee on Foreign Relations on June 13, 2023

Summary:

S. 308 would require the Department of State to influence international organizations to reclassify China as a developed country instead of as a developing country. On the basis of information about the costs of diplomatic efforts to influence the actions of other nations and international organizations, CBO estimates that implementing the bill would cost less than $500,000 over the 2023-2028 period. Any spending would be subject to the availability of appropriated funds.

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Received June 23,2023.

Established in 1974, The Congressional Budget Office is a federal agency within the legislative branch of the United States government.  It is charged with providing  members of Congress  non partisan, objective  analysis of budgeting and economic issues to support the congressional budget process. Each year, CBO economists and budget analysts produce dozens of reports and hundreds of cost estimates for proposed legislation.

For the past several months I have been receiving  directly from CBO links to  which I now plan to begin posting  selectively on this blog in the interest of information sharing.  If there appears to be sufficient interest among readers of this blog over a period of time, I plan to continue posting selections I receive from CBO.

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INTRODUCTION:

Established in 1974, The Congressional Budget Office is a federal agency within the legislative branch of the United States government.  It is charged with providing  members of Congress  non partisan, objective  analysis of budgeting and economic issues to support the congressional budget process. Each year, CBO economists and budget analysts produce dozens of reports and hundreds of cost estimates for proposed legislation.

For the past several months I have been receiving  directly from CBO links to  which I now plan to begin posting  selectively on this blog in the interest of information sharing.  If there appears to be sufficient interest among readers of this blog over a period of time, I plan to continue posting selections I receive from CBO.

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Received : June 13, 2023.

Summary:

H.R. 1165 would amend title V of the Gramm-Leach-Bliley Act (GLBA) to expand and equally apply protections for consumers and customers with respect to the use of data by financial institutions. The bill would redefine the terms consumer and customer and would require financial institutions to provide opportunities for consumers and customers to opt out of having their personal data disclosed to third parties. H.R. 1165 would require financial institutions to notify people about the information they collect and hold and, upon request, delete nonpublic personal information held by the institution. Finally, the bill would direct the Government Accountability Office (GAO) to report to the Congress on whether the GLBA’s data safeguards adequately protect people’s nonpublic personal information.

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INTRODUCTION:

Established in 1974, The Congressional Budget Office is a federal agency within the legislative branch of the United States government.  It is charged with providing  members of Congress  non partisan, objective  analysis of budgeting and economic issues to support the congressional budget process. Each year, CBO economists and budget analysts produce dozens of reports and hundreds of cost estimates for proposed legislation.

For the past several months I have been receiving  directly from CBO links to  which I now plan to begin posting  selectively on this blog in the interest of information sharing.  If there appears to be sufficient interest among readers of this blog over a period of time, I plan to continue posting selections I receive from CBO.

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This posting relates to Congressional Budget Office (CBO) correspondence dated August 25, 2022, in which the CBO answers several questions from Congressmen Kevin Brady and Jason Smith about increased enforcement by the Internal Revenue Service.

It includes a brief summary of the correspondence, a direct link to the letter addressed to Congressmen Brady and Smith, and a CBO Report providing  additional background material.

BRIEF SUMMARY:

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INTRODUCTION

The Inflation Reduction Act of 2022 (IRA) HR 5376 was signed into law by President Joe Biden on August 16, 2022, after a tortuous route through the legislative process.

HR 5376 grew out of the Build Back Better Act (BBB) which passed the House on September 27, 2021,  but failed to pass in the Senate. The provisions of BBB did, however, become the vehicle for helping move President Biden’s legislative initiatives forward.

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