[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 932 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
                                 S. 932

   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, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                             April 25, 2017

  Mr. Daines (for himself, Mr. Johnson, Mr. Perdue, Mr. Paul, 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, and for other purposes.

    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 2017'' or the ``BASIC Act''.

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

    (a) In General.--The Congressional Budget and Impoundment Control 
Act of 1974 (2 U.S.C. 621 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 public debt.''.
    (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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