A bill to require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law.

3.0.0 1789 2023-01-11T19:49:49Z 2023-01-11T19:49:49Z House H HR 2007-03-29 110 hswm00 Ways and Means Committee House Standing Referred to 2007-03-29T14:05:05Z hsru00 Rules Committee House Standing Referred to 2007-03-29T14:05:00Z hsbu00 Budget Committee House Standing Referred to 2007-03-29T14:04:50Z A bill to require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law. 110 91 S 2007-01-09 Star Print ordered on the bill. Identical bill CRS 2007-03-29 Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-03-29 Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsru00 Rules Committee 2007-03-29 Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2007-03-29 Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2007-03-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-03-29 Introduced in House IntroReferral 1000 9 Library of Congress F000444 Rep. Flake, Jeff [R-AZ-6] JEFF FLAKE R AZ 6 N A000055 Rep. Aderholt, Robert B. [R-AL-4] ROBERT ADERHOLT R AL B. 4 2007-03-29 True A000358 Rep. Akin, W. Todd [R-MO-2] W. AKIN R MO TODD 2 2007-03-29 True B000208 Rep. Bartlett, Roscoe G. [R-MD-6] ROSCOE BARTLETT R MD G. 6 2007-03-29 True B001250 Rep. Bishop, Rob [R-UT-1] Rob Bishop R UT 1 2007-03-29 True B001243 Rep. Blackburn, Marsha [R-TN-7] Marsha Blackburn R TN 7 2007-03-29 True C001064 Rep. Campbell, John [R-CA-48] John Campbell R CA 48 2007-03-29 True C000266 Rep. Chabot, Steve [R-OH-1] STEVE CHABOT R OH 1 2007-03-29 True C001062 Rep. Conaway, K. Michael [R-TX-11] K. Conaway R TX Michael 11 2007-03-29 True C000962 Rep. Cubin, Barbara [R-WY-At Large] BARBARA CUBIN R WY 0 2007-03-29 True C001048 Rep. Culberson, John Abney [R-TX-7] JOHN CULBERSON R TX ABNEY 7 2007-03-29 True D000492 Rep. Dreier, David [R-CA-26] DAVID DREIER R CA 26 2007-03-29 True E000187 Rep. English, Phil [R-PA-3] PHIL ENGLISH R PA 3 2007-03-29 True F000447 Rep. Feeney, Tom [R-FL-24] Tom Feeney R FL 24 2007-03-29 True F000449 Rep. Fortenberry, Jeff [R-NE-1] Jeff Fortenberry R NE 1 2007-03-29 True F000452 Resident Commissioner Fortuno, Luis G. [R-PR-At Large] Luis Fortuno R PR G. 0 2007-03-29 True F000440 Rep. Fossella, Vito [R-NY-13] VITO FOSSELLA R NY 13 2007-03-29 True F000448 Rep. Franks, Trent [R-AZ-2] Trent Franks R AZ 2 2007-03-29 True G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2007-03-29 True G000550 Rep. Gingrey, Phil [R-GA-11] Phil Gingrey R GA 11 2007-03-29 True H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2007-03-29 True I000023 Rep. Inglis, Bob [R-SC-4] BOB INGLIS R SC 4 2007-03-29 True I000056 Rep. Issa, Darrell E. [R-CA-49] DARRELL ISSA R CA E. 49 2007-03-29 True K000360 Rep. Kirk, Mark Steven [R-IL-10] MARK KIRK R IL STEVEN 10 2007-03-29 True M001155 Rep. Mack, Connie [R-FL-14] Connie Mack R FL 14 2007-03-29 True M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2007-03-29 True M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2007-03-29 True M001144 Rep. Miller, Jeff [R-FL-1] Jeff Miller R FL 1 2007-03-29 True M001151 Rep. Murphy, Tim [R-PA-18] Tim Murphy R PA 18 2007-03-29 True M001152 Rep. Musgrave, Marilyn N. [R-CO-4] Marilyn Musgrave R CO N. 4 2007-03-29 True M001134 Rep. Myrick, Sue Wilkins [R-NC-9] SUE MYRICK R NC WILKINS 9 2007-03-29 True N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 2007-03-29 True P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2007-03-29 True P000587 Rep. Pence, Mike [R-IN-6] MIKE PENCE R IN 6 2007-03-29 True P000373 Rep. Pitts, Joseph R. [R-PA-16] JOSEPH PITTS R PA R. 16 2007-03-29 True P000591 Rep. Price, Tom [R-GA-6] Tom Price R GA 6 2007-03-29 True P000586 Rep. Putnam, Adam H. [R-FL-12] ADAM PUTNAM R FL H. 12 2007-03-29 True R000004 Rep. Radanovich, George [R-CA-19] GEORGE RADANOVICH R CA P. 19 2007-03-29 True S001167 Rep. Sali, Bill [R-ID-1] Bill Sali R ID 1 2007-03-29 True S000244 Rep. Sensenbrenner, F. James, Jr. [R-WI-5] F. SENSENBRENNER R WI JAMES 5 2007-03-29 True S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2007-03-29 True S000275 Rep. Shadegg, John B. [R-AZ-3] JOHN SHADEGG R AZ 3 2007-03-29 True S001143 Rep. Souder, Mark E. [R-IN-3] MARK SOUDER R IN EDWARD 3 2007-03-29 True T000260 Rep. Tiahrt, Todd [R-KS-4] TODD TIAHRT R KS 4 2007-03-29 True W000798 Rep. Walberg, Timothy [R-MI-7] Timothy Walberg R MI 7 2007-03-29 True W000267 Rep. Weldon, Dave [R-FL-15] DAVE WELDON R FL 15 2007-03-29 True B001239 Rep. Barrett, J. Gresham [R-SC-3] J. Barrett R SC Gresham 3 2007-04-26 False R000578 Rep. Reichert, David G. [R-WA-8] David Reichert R WA G. 8 2007-05-17 False G000289 Rep. Goodlatte, Bob [R-VA-6] ROBERT GOODLATTE R VA W. 6 2008-01-29 False Economics and Public Finance Commerce Congress Congressional Budget Office Congressional agencies Congressional joint committees Congressional reporting requirements Economic forecasting Economic impact statements Economic research Economic statistics Federal budgets Fiscal policy Government Operations and Politics Income tax Joint Taxation Legislation Taxation Economics and Public Finance

00 2007-03-29 Introduced in House 2007-04-23T18:42:14Z Expresses the sense of Congress that it is necessary to ensure that Congress is presented with reliable information from the Congressional Budget Office (CBO) and the Joint Committee on Taxation as to the dynamic macroeconomic feedback effects to changes in federal law and the probable behavioral responses of taxpayers, businesses, and other parties to such changes.

Requires the Joint Committee and CBO, using among other methods dynamic estimating techniques, to prepare fiscal estimates of each proposed change in federal revenue law on the basis of assumptions that estimate the probable behavioral responses of personal and business taxpayers and other relevant entities to such change and its dynamic macroeconomic feedback effects. Applies such requirement only to proposed changes that, pursuant to static fiscal estimates, have a fiscal impact exceeding $250 million in any fiscal year.]]>

To require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law. Official Title as Introduced To require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law. Introduced in House IH Display Title To require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law. Introduced in House 2007-03-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1789ih/xml/BILLS-110hr1789ih.xml 2007-03-29 Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.