Congressional Budget Office Termination Act

HR 9692, the Congressional Budget Office Termination Act, would abolish the Congressional Budget Office (CBO) one year after enactment, ending its role in analyzing the cost of proposed legislation. During a one-year transition period, the CBO's functions must be transferred to other entities or wound down, with the House and Senate budget committees required to publish a list of private organizations capable of providing cost estimates after termination. The bill mandates that committees identify private entities able to replace the CBO's budget analysis services under the Congressional Budget and Impoundment Control Act of 1974. This directly affects the federal budget process by removing the CBO and requiring Congress to rely on external cost estimators for legislative proposals.