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HR 8775 117th Congress House Economics and Public Finance Budget deficits and national debt Budget process

BASIC Act

Introduced: September 6, 2022 Introduced by: Meuser, Daniel Republican · Pennsylvania See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 6, 2022
Introduced in House
Sep 6, 2022
Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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 Plain-English summary Congressional Research Service

Budgetary Accuracy in Scoring Interest Costs Act of 2022 or the BASIC Act

This bill requires cost estimates prepared by the Congressional Budget Office or the Joint Committee on Taxation to include the costs of servicing the public debt.

What's happening now September 6, 2022

Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Related & companion bills 1
  • HR 638 Related bill Cost Estimates Improvement Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Case, Ed
Hawaii · Sep 6, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8775: BASIC Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-8775/
MLA
"H.R. 8775: BASIC Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-8775/.
Bluebook (legal)
H.R. 8775, 117th Cong. (2026), https://openamerica.io/bill/117-HR-8775/.
Markdown link
[H.R. 8775: BASIC Act](https://openamerica.io/bill/117-HR-8775/)
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