[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 29 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                 H. R. 29

   To amend the Congressional Budget Act of 1974 to require that the 
Director of the Congressional Budget Office and the Joint Committee on 
   Taxation utilize dynamic scoring for provisions of bills or joint 
               resolutions that reduce rates of taxation.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 6, 1999

  Mr. Dreier introduced the following bill; which was 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

_______________________________________________________________________

                                 A BILL


 
   To amend the Congressional Budget Act of 1974 to require that the 
Director of the Congressional Budget Office and the Joint Committee on 
   Taxation utilize dynamic scoring for provisions of bills or joint 
               resolutions that reduce rates of taxation.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DYNAMIC SCORING.

    Title II of the Congressional Budget Act of 1974 is amended by 
adding at the end the following new section:

                           ``dynamic scoring

    ``Sec. 204. (a) Dynamic Scoring.--In making estimates pursuant to 
this Act for any bill or joint resolution that reduces any rate of 
Federal taxation, the Director of the Congressional Budget Office or 
the Joint Committee on Taxation, as the case may be, shall base the 
estimate of the effect of such tax rate reduction on a dynamic estimate 
of the changes in Federal revenues expected to result from enactment of 
the tax rate provisions of that bill or joint resolution.
    ``(b) Definition.--As used in this section, the term `dynamic 
estimate' means a projection based in any part on assumptions 
concerning probable effects of macroeconomic feedback, and shall 
include a statement identifying all such assumptions.''.

SEC. 2. CONFORMING AMENDMENT.

    The table of contents set forth in section 1(b) of the 
Congressional Budget and Impoundment Control Act of 1974 is amended by 
inserting after the item relating to section 203 the following new 
item:

``Sec. 204. Dynamic Scoring.''.
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