Oversight Task Force Chair Bergman and Chairman Arrington Request CBO to Analyze Full Cost of President Biden's Executive Actions
Washington,
June 13, 2024
This week, House Budget Committee Oversight Task Force Chair Jack Bergman (R-MI) and Chairman Jodey Arrington (R-TX) sent a letter to the Congressional Budget Office (CBO), requesting a fulsome cost estimate for the 138 executive actions and agency rules unilaterally issued by the Biden Administration.
Read the full letter HERE. According to the Congressional Research Service (CRS) executive orders “are used extensively by Presidents to achieve policy goals, set uniform standards for managing the executive branch, or to outline a policy view intended to influence the behavior of private citizens. While the U.S. Constitution does not [explicitly] define the presidential authority to issue executive orders, they are an inherent aspect of presidential power. If they are issued on the appropriate authority, they have the force and effect of law.” The first executive order was issued by President George Washington in June 1789. Since then, nearly 14,000 executive orders have been issued by U.S. presidents. In recent years, both sides of the political spectrum have issued executive actions—oftentimes implemented with a considerable cost to taxpayers—to advance partisan priorities without input and oversight from Congress as statutorily required by the U.S. Constitution. The Biden Administration has issued 138 executive actions over the past three years and five months, costing more than $2 trillion U.S. dollars. The costliest of President Biden’s executive actions includes: 1. Total Cost of Student Loan Forgiveness, more than $1 trillion 2. Thrifty Food Plan Overhaul, $300 billion 3. Net Interest Payments on Spending for Executive Actions, $300 billion 4. Green Energy Rulemaking, $224 billion 5. Medicaid Eligibility Rule, more than $200 billion 1. Cost estimates for ten executive actions issued by the Biden Administration since November 2022; and, 2. Updated cost estimates for seven Biden executive actions highlighted in Budget Committee’s June 2022 letter. |