Public Law 118-104 – Congressional Budget Office Data Access Act
Summary:
The Congressional Budget Office Data Access Act (CBODAA) amends the Congressional Budget Act of 1974 to improve the public’s access to the Congressional Budget Office’s (CBO) data.
Key Provisions:
- Public Access to CBO Data: Requires CBO to make its data publicly available through an online platform within 30 days of its release.
- Data Standards: Establishes standards for the format and documentation of CBO data to ensure its usability and accessibility.
- Metadata Requirements: Mandates CBO to provide metadata, or information about the data, to facilitate understanding and analysis.
- Timely Release: Sets deadlines for CBO to release its data, including economic and budget projections, in a timely manner.
- Collaboration with Other Agencies: Directs CBO to collaborate with other federal agencies, such as the Office of Management and Budget and the Treasury Department, to streamline data sharing and access.
Benefits:
- Public Transparency: Enhances public access to critical economic and budget data, fostering informed decision-making and accountability.
- Data-Driven Policymaking: Provides policymakers, researchers, and the public with reliable and accessible data to support data-driven policy analysis.
- Economic Forecasting: Improves the public’s ability to monitor and understand economic trends and forecasts.
- Fiscal Responsibility: Supports fiscal accountability by providing timely data on federal spending and revenue.
- Research and Analysis: Facilitates research and analysis by making CBO data widely available to economists, analysts, and the public.
Implementation:
The act directs CBO to establish an online platform for data access within 180 days of enactment. CBO is also required to develop and implement data standards, provide metadata, and collaborate with other agencies to ensure the effectiveness of the new data access system.
Public Law 118 – 104 – Congressional Budget Office Data Access Act
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