3.0.0 4361 2023-01-11T13:38:02Z 2023-01-11T13:38:02Z House HR 2017-11-09 115 [Congressional Record Volume 163, Number 183 (Thursday, November 9, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MESSER:H.R. 4361.Congress has the power to enact this legislation pursuantto the following:Article I, section 9, clause 7 of the United StatesConstitution.[Page H8698]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-11-09T14:00:31Z hsbu00 Budget Committee House Standing Referred to 2017-11-09T14:00:26Z 2017-11-09 Referred to the Committee on the Budget, and in addition to the Committee on 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 2017-11-09 Referred to the Committee on the Budget, and in addition to the Committee on 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 2017-11-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-11-09 Introduced in House IntroReferral 1000 9 Library of Congress M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 N Economics and Public Finance Budget process Congressional oversight Economic performance and conditions Legislative rules and procedure Economics and Public Finance 00 2017-11-09 Introduced in House 2018-04-18T19:51:55Z Accurate Budgeting Act

This bill amends the Congressional Budget Act of 1974 to require the Joint Committee on Taxation to incorporate a macroeconomic impact analysis in estimates of the budgetary effects of major revenue legislation to the extent that it is practicable.

The macroeconomic impact analysis, commonly referred to as dynamic scoring, includes:

  • the changes in economic output, employment, interest rates, capital stock, and tax revenues expected to result from the proposal;
  • revenue feedback (changes in revenue resulting from changes in economic growth as a result of the proposal); and
  • the assumptions and data used for the estimate.

The bill also amends the Statutory Pay-As-You-Go Act of 2010 (PAYGO) to require estimates of the budgetary effects of major revenue legislation prepared for purposes of PAYGO requirements to incorporate a macroeconomic impact analysis to the extent that it is practicable.

]]> Accurate Budgeting Act Display Title Accurate Budgeting Act Short Titles as Introduced Accurate Budgeting Act Official Title as Introduced To require the use of macroeconomic analysis in estimating the budgetary effects of major revenue legislation. Introduced in House 2017-11-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4361ih/xml/BILLS-115hr4361ih.xml 2017-11-09 Referred to the Committee on the Budget, and in addition to the Committee on 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.