H.R. 7345 requires the Congressional Budget Office to study the long-term economic impacts of Trump Administration immigration policies implemented starting January 20, 2025. The study, to be completed within 180 days and conducted in collaboration with the Council of Economic Advisers, will examine how these policies affect key economic sectors like agriculture, healthcare, and technology over a 20- to 40-year period, as well as their effects on public safety, demographics, innovation, small businesses, and tax revenue at federal, state, and local levels. The bill directs the Department of Homeland Security, Bureau of Labor Statistics, and Internal Revenue Service to share relevant data with the Congressional Budget Office to support the analysis. No specific funding amount is allocated in the legislation, and the study must be completed before the end of the current congressional session or within six months of the bill's enactment, whichever comes first.
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