<?xml version="1.0" encoding="UTF-8"?><BillSummaries>
<item congress="117" measure-type="hr" measure-number="3869" measure-id="id117hr3869" originChamber="HOUSE" orig-publish-date="2021-06-14" update-date="2021-07-14">
<title>Pro-Growth Budgeting Act</title>
<summary summary-id="id117hr3869v00" currentChamber="HOUSE" update-date="2021-07-14">
<action-date>2021-06-14</action-date>
<action-desc>Introduced in House</action-desc>
<summary-text><![CDATA[<p><b>Pro-Growth Budgeting Act </b></p> <p>This bill requires the Congressional Budget Office and the Joint Committee on Taxation to incorporate a macroeconomic impact analysis in their cost estimates for major legislation. </p> <p> The macroeconomic impact analysis (commonly referred to as dynamic scoring) must include the budgetary effects of changes in economic output, employment, capital stock, tax revenues, the sources of financing new outlays, the total debt of the federal government, international trade, international capital flows, and other macroeconomic variables resulting from the legislation.</p>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<dc:rights>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.</dc:rights>
<dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
<dc:description>This file contains bill summaries 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.</dc:description>
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</BillSummaries>
