F1 · Foundation
Standalone pageIndependent Fiscal Council
- 10-year fiscal
- +$3B costModest cost
- Implementation
- Year 1
- Middle class
- Neutral directly
- Planetary
- Neutral
$2B–$5B · High confidence
Positive indirectly through better long-run fiscal management.
No direct climate instrument.
Description
Enhance CBO architecture with mandatory 50- and 75-year scenario reporting, independent long-run assessment of major legislation, and a congressional response procedure. The Council assesses; it does not bind Congress.
Global precedent
UK Office for Budget Responsibility (2010); Canadian Parliamentary Budget Officer (2008); Swedish Fiscal Policy Council; Australian PBO. OECD counts 50+ independent fiscal institutions.
Lead mechanism
Congressional action; Senate and House Budget Committees.
Bipartisan framing
Broadly bipartisan in principle, with support across multiple administrations and Congresses.