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CBO Cost Estimate for H.R. 5779

The Congressional Budget Office estimates that H.R. 5779, the Fiscal Commission Act of 2024, would cost $12 million over the 2024-2028 period to establish a fiscal commission and conduct a national public awareness campaign on the government's fiscal condition. The commission would consist of congressional and outside members to identify policies to improve long-term fiscal conditions and allow expedited consideration of its recommendations. Most of the estimated $12 million cost would fund the public awareness campaign. The bill does not authorize new direct spending, affect revenues, or increase deficits over 10 years.

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2K views2 pages

CBO Cost Estimate for H.R. 5779

The Congressional Budget Office estimates that H.R. 5779, the Fiscal Commission Act of 2024, would cost $12 million over the 2024-2028 period to establish a fiscal commission and conduct a national public awareness campaign on the government's fiscal condition. The commission would consist of congressional and outside members to identify policies to improve long-term fiscal conditions and allow expedited consideration of its recommendations. Most of the estimated $12 million cost would fund the public awareness campaign. The bill does not authorize new direct spending, affect revenues, or increase deficits over 10 years.

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Daily Caller News Foundation
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Congressional Budget Office January 25, 2024

Cost Estimate

H.R. 5779, Fiscal Commission Act of 2024


As ordered reported by the House Committee on the Budget on January 18, 2024

By Fiscal Year, Millions of Dollars 2024 2024-2028 2024-2033


Direct Spending (Outlays) 0 0 0

Revenues 0 0 0
Increase or Decrease (-)
in the Deficit 0 0 0
Spending Subject to
Appropriation (Outlays) * 12 not estimated

Increases net direct spending in Statutory pay-as-you-go procedures apply? No


any of the four consecutive 10-year No
periods beginning in 2034? Mandate Effects

Increases on-budget deficits in any Contains intergovernmental mandate? No


of the four consecutive 10-year No
periods beginning in 2034? Contains private-sector mandate? No

* = between zero and $500,000.

H.R. 5779 would establish a fiscal commission within the Congress. The commission would
consist of 16 members—12 Members of Congress and 4 outside experts who would be
nonvoting members—evenly divided between the House of Representatives and the Senate
and by party affiliation.
Under the bill, the commission would identify and report on policy recommendations to
improve the long-term fiscal condition of the federal government before May 15, 2025. The
commission also would be responsible for a national public awareness campaign about the
government’s current fiscal condition.
H.R. 5779 would authorize the commission to hold hearings, hire staff, and collect
information. The bill also would allow any legislative recommendations from the
commission to be presented to the Congress for expedited consideration. The Congressional
Budget Office would be required to provide estimates of any such recommendations.
Based on the costs of other national public awareness campaigns and Congressional
commissions, CBO estimates that implementing the bill would cost $12 million over the
2024-2025 period; that spending would be subject to the availability of appropriated funds.
CBO expects that most of that cost would be for the national public awareness campaign.

See also
CBO’s Cost Estimates Explained, CBO Describes Its Cost-Estimating Process, Glossary
CBO Cost Estimate Page 2
H.R. 5779, as ordered reported by the House Committee on the Budget

CBO has no basis to estimate the budgetary effects of any policies that may be proposed
under the bill. Any budgetary effects from enacting the commission’s proposals would be
attributable to that future legislation.
The costs of the legislation, detailed in Table 1, fall within budget function 800 (general
government).

Table 1.
Estimated Increases in Spending Subject to Appropriation Under H.R. 5779

By Fiscal Year, Millions of Dollars


2024 2025 2026 2027 2028 2024-2028
Estimated Authorization 2 10 0 0 0 12
Estimated Outlays * 12 0 0 0 12

* = between zero and $500,000.

The CBO staff contact for this estimate is Matthew Pickford. The estimate was reviewed by
H. Samuel Papenfuss, Deputy Director of Budget Analysis.

Phillip L. Swagel
Director, Congressional Budget Office

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