Washington, D.C. – House Budget Committee Chairman Steve Womack released the following statement after the Committee conducted an oversight hearing related to the Congressional Budget Office (CBO). Today’s hearing, CBO Oversight: The Role of Behavioral Modeling in Scoring and Baseline Construction, was the third in a five-part series and focused on how the agency uses models as a tool in scoring legislative proposals.
“Throughout this series of hearings, the Committee has explored how CBO fulfills its mission to support Congress as expectations have evolved for the agency over time,” said Chairman Steve Womack. “Today’s discussion shed light on very important, but often misunderstood, aspects of CBO’s work— how bills are scored and what kinds of assumptions are made in the process. Neither are small or straightforward tasks, and these conversations are essential to improving our understanding and increasing transparency.”
The next hearing in the series, CBO Oversight: Member Day, will take place on Wednesday, March 7, at 10:00 am.
Hearings in the series include:
- CBO Oversight: Organizational and Operational Structure
- CBO Oversight: Economic Assumptions, Baseline Construction, Cost Estimating, and Scoring
- CBO Oversight: The Role of Behavioral Modeling in Scoring and Baseline Construction
- CBO Oversight: Member Day
- CBO Oversight: Perspectives from Outside Experts