3.0.0 255 2023-01-11T13:20:30Z 2023-01-11T13:20:30Z Senate S S 2011-02-02 112 ssbu00 Budget Committee Senate Standing Referred to 2011-02-02T19:12:18Z 2011-02-02 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. IntroReferral 2011-02-02 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 2011-02-02 True I000024 Sen. Inhofe, James M. [R-OK] Jim Inhofe R OK 2011-02-02 True J000291 Sen. Johanns, Mike [R-NE] Mike Johanns R NE 2011-02-02 True W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2011-02-03 False R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2011-03-01 False Economics and Public Finance Budget process Congressional Budget Office (CBO) Congressional agencies Economic performance and conditions Joint Committee on Taxation Monetary policy Public contracts and procurement Economics and Public Finance 00 2011-02-02 Introduced in Senate 2011-03-03T16:28:28Z 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. 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. 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 Introduced in Senate 2011-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s255is/xml/BILLS-112s255is.xml 2011-02-02 Read twice and referred to the Committee on the Budget. 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.