S. 2435: BASIC Act

116th Congress · introduced 2019-08-01 · Economics and Public Finance · Latest: Read twice and referred to the Committee on the Budget. (Sponsor introductory remarks on measure: CR S5315)

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Follow this bill, step by step

Where it came from: introduced 2019-08-01 · official record
Who proposed it: Sen. Daines, Steve [R-MT] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on the Budget. (Sponsor introductory remarks on measure: CR S5315) Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

BASIC Act

Plain summary

Budgetary Accuracy in Scoring Interest Costs Act of 2019 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.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

BASIC Act

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Daines, Steve [R-MT] · 3 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Rand Paul (R-KY), Kevin Cramer (R-ND)

Sponsor's campaign money: Sen. Daines, Steve [R-MT] reported raising $4.8 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
CBO cost estimate: The Congressional Budget Office's estimate of how a federal bill would change government spending and revenue. CBO is nonpartisan.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116s2435.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/s>

Record fed-us-cong116-s2435 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116