3.0.0 91 2023-01-11T20:04:06Z 2023-01-11T20:04:06Z Senate S S 2007-01-04 110 ssbu00 Budget Committee Senate Standing Referred to 2007-01-04T20:28:50Z 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 1789 HR 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. Identical bill CRS 2007-01-09 Senate Star Print ordered on the bill. Floor 2007-01-04 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. IntroReferral 2007-01-04 Introduced in Senate IntroReferral 10000 9 Library of Congress E000194 Sen. Ensign, John [R-NV] JOHN ENSIGN R NV N C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2007-01-04 True S001141 Sen. Sessions, Jeff [R-AL] Jeff Sessions R AL 2007-01-30 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 2007-01-04 Introduced in Senate 2007-01-22T19:34:09Z 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.]]>

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. Official Title as Introduced 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. Introduced in Senate IS Display Title 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. Introduced in Senate 2007-01-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s91is/xml/BILLS-110s91is.xml 2007-01-09 Star Print ordered on the bill. 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.