[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 749 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                 S. 749

            To require dynamic scoring of major legislation.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 17, 2015

  Mr. Portman introduced the following bill; which was read twice and 
                referred to the Committee on the Budget

_______________________________________________________________________

                                 A BILL


 
            To require dynamic scoring of major legislation.

    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 ``The Honest Scoring Act of 2015''.

SEC. 2. HONEST ACCOUNTING ESTIMATES.

    (a) Definitions.--In this section:
            (1) Budget.--The term ``budget'' means--
                    (A) a concurrent resolution on the budget; or
                    (B) a written statement submitted for printing in 
                the Congressional Record by the Chairman of the 
                Committee on the Budget of the Senate that establishes 
                allocations, aggregates, and levels for purposes of 
                enforcing the Congressional Budget Act of 1974.
            (2) Budgetary effects.--The term ``budgetary effects'' 
        means changes in outlays or revenues.
            (3) Major legislation.--
                    (A) Definition.--The term ``major legislation'' 
                means any bill, resolution, conference report, or 
                treaty--
                            (i) for which an estimate is prepared under 
                        section 402 of the Congressional Budget Act of 
                        1974 (2 U.S.C. 653) that indicates that not 
                        less than 1 of the amounts described in 
                        subparagraph (B), before incorporating 
                        macroeconomic effects, is greater than 
                        $15,000,000,000 in any fiscal year of the 
                        estimate; or
                            (ii) designated as major legislation by the 
                        Chairman of the Committee on the Budget of the 
                        Senate or the Chairman of the Committee of the 
                        Budget of the House of Representatives.
                    (B) Amounts.--The amounts described in this 
                subparagraph are--
                            (i) the sum of the individual positive 
                        changes in budgetary effects, not including 
                        timing shifts, resulting from such measure; and
                            (ii) the sum of the absolute value of the 
                        individual negative budgetary effects, not 
                        including timing shifts, resulting from such 
                        measure.
            (4) Timing shifts.--The term ``timing shifts'' means--
                    (A) a delay of the date on which outlays flowing 
                from direct spending would otherwise occur from one 
                fiscal year to the next fiscal year; or
                    (B) an acceleration of the date on which revenues 
                would otherwise occur from one fiscal year to the next 
                fiscal year.
    (b) Requirement for CBO Estimates.--An estimate provided by the 
Congressional Budget Office under section 402 of the Congressional 
Budget Act of 1974 (2 U.S.C. 653) for any major legislation shall 
include--
            (1) an estimate of budgetary effects without macroeconomic 
        effects;
            (2) an estimate of the budgetary effects from changes in 
        economic output, employment, capital stock, interest rates, and 
        other macroeconomic variables resulting from the major 
        legislation, which shall delineate between revenue and outlay 
        effects; and
            (3) a total estimate of the budgetary effects incorporating 
        the macroeconomic budgetary effects.
    (c) Requirement for JCT Estimates.--An estimate provided by the 
Joint Committee on Taxation to the Director of the Congressional Budget 
Office under section 201(f) of the Congressional Budget Act of 1974 (2 
U.S.C. 601(f)) for any major legislation shall include--
            (1) an estimate of budgetary effects without macroeconomic 
        effects;
            (2) an estimate of the budgetary effects from changes in 
        economic output, employment, capital stock, interest rates, and 
        other macroeconomic variables resulting from the major 
        legislation, which shall delineate between revenue and outlay 
        effects; and
            (3) a total estimate of the budgetary effects incorporating 
        the macroeconomic budgetary effects.
    (d) Contents of Estimates.--An estimate required to be provided 
under subsection (b) or (c) shall include--
            (1) a qualitative assessment of the budgetary effects 
        (including macroeconomic variables described in subsections (b) 
        and (c)) of the major legislation in the 20-fiscal year period 
        beginning after the last fiscal year of the most recently 
        adopted budget that sets forth appropriate levels required 
        under section 301 of the Congressional Budget Act of 1974 (2 
        U.S.C. 632); and
            (2) an identification of the assumptions and the source of 
        data underlying the estimate.
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