Upon request from the Senate Homeland Security and Government Affairs Committee, the Congressional Budget Office (CBO) released a report detailing what the Taxpayers Right-To-Know Act would cost if it became law.

According to the CBO, the Taxpayers Right-To-Know Act would cost the federal government $60 million dollars over a four-year, 2015 to 2019, time period if it became law.

The bill will require federal agencies to provide in depth information about the agencies on the agencies’ websites.

Some of the information that will be included are the total number of employees working at the agencies, the total cost to run the agencies, and reviews the agencies have received from citizens and or the Government Accountability Office (GAO) and the Inspectors General.

Rep. Frank Lankford (R-OK), who is the chairman of the House Republican Policy Committee, introduced the bill in the House.

And On February 25, 2014, the bill passed the House with bi-partisan support. After the bill passed the House, it went to the Senate where Sen. Tim Scott (R-SC) and Sen. Tom Coburn (R-OK) introduced a companion bill.

Coburn, who is the ranking member on the Homeland Security and Government Affairs Committee, was quoted in Lankford’s press release as saying that the government “waste at least $200 billion” on government programs and that the Taxpayers Right-To-Know Act will help to prevent the overspending by the federal agencies.

The CBO stated that the bill could be costly to agencies that are not funded throughout the year. However, the CBO also states that an increase in spending by the agencies will not have a significant affect on the federal budget.

The CBO further noted that the federal government’s revenues will not be affected if the bill becomes law.