CBO and JCT estimate that H.R. 5378 would reduce the federal deficit by $715 million over the 2024-2033 period.
On September 14, 2023, CBO published an estimate for H.R. 5378, the Lower Costs, More Transparency Act, as posted on the website of the Clerk of the House on September 13, 2023. CBO estimated that enacting that version of the bill would reduce the federal deficit by $833 million over the 2024-2033 period. Subsequent changes to the language reduced estimated direct spending by $172 million, on net, and reduced estimated revenues by $290 million over the 10-year period. (Changes to sections 106, 111, 304, and 404 increased direct spending by $1,267 million and reduced revenues by $290 million; changes to sections 301 and 302 reduced direct spending by $1,439 million.)
