[Congressional Record Volume 163, Number 70 (Tuesday, April 25, 2017)]
[Senate]
[Pages S2532-S2533]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. DAINES (for himself, Mr. Johnson, Mr. Perdue, Mr. Paul, 
        and Mr. Lee):
  S. 932. 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; to the Committee on 
the Budget.
  Mr. DAINES. Mr. President, I ask unanimous consent that the text of 
the bill be printed in the Record.
  There being no objection, the text of the bill was ordered to be 
printed in the Record, as follows:

                                 S. 932

       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

[[Page S2533]]

     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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