[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 3539 Introduced in Senate (IS)]

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114th CONGRESS
  2d Session
                                S. 3539

   To amend the Congressional Budget Act of 1974 to provide that any 
   estimate prepared by the Congressional Budget Office or the Joint 
  Committee on Taxation shall include costs relating to servicing the 
                              public debt.


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                   IN THE SENATE OF THE UNITED STATES

                            December 9, 2016

   Mr. Daines (for himself, Mr. Perdue, and Mr. Lee) introduced the 
 following bill; which was read twice and referred to the Committee on 
                               the Budget

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                                 A BILL


 
   To amend the Congressional Budget Act of 1974 to provide that any 
   estimate prepared by the Congressional Budget Office or the Joint 
  Committee on Taxation shall include costs relating to servicing the 
                              public debt.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Budgetary Accuracy in Scoring 
Interest Costs Act of 2016''.

SEC. 2. CBO AND JCT ESTIMATES TO INCLUDE DEBT SERVICING COSTS.

    (a) In General.--Title IV of the Congressional Budget and 
Impoundment Control Act of 1974 (2 U.S.C. 651 et seq.) is amended by 
inserting after section 402 the following:

              ``estimates to include debt servicing costs

    ``Sec. 403. Any estimate prepared by the Congressional Budget 
Office under section 402, and any estimate prepared by the Joint 
Committee on Taxation, shall include, to the extent practicable, the 
costs (if any) of servicing the debt subject to limit under section 
3101 of title 31, United States Code.''.
    (b) Clerical Amendment.--The table of contents of such Act is 
amended by inserting after the item relating to section 402 the 
following:

``403. Estimates to include debt servicing costs.''.
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