US SB2371 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Republican 19-0)
Status: Introduced on May 21 2014 - 25% progression, died in committee
Action: 2014-05-21 - Read twice and referred to the Committee on the Budget.
Pending: Senate Budget Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 21 2014 - 25% progression, died in committee
Action: 2014-05-21 - Read twice and referred to the Committee on the Budget.
Pending: Senate Budget Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Accurate Budgeting Act - Amends the Congressional Budget Act of 1974 to require the Joint Committee on Taxation to prepare for each major revenue bill or resolution, reported by specified congressional tax committees or considered on the floor of either chamber, as a supplement to Congressional Budget Office (CBO) cost estimates, a macroeconomic impact analysis of the budgetary effects of the legislation for: (1) the 10-fiscal year period beginning with the first fiscal year for which such estimate was prepared, and (2) each of the next three 10-fiscal year periods.Defines "major revenue bill or resolution" as a bill, resolution, or conference report for which either: the sum of the positive changes in revenues resulting from such measure (not including the impact of any timing shifts for the due date for estimated corporate income tax payments) for any fiscal year in the period for which a CBO cost estimate is prepared, or the absolute value of the sum of the negative changes in revenues resulting from such measure, is greater than 0.25% of the current projected U.S. gross domestic product (GDP) for that fiscal year.
Title
Accurate Budgeting Act
Sponsors
Sen. Rob Portman [R-OH] | Sen. Kelly Ayotte [R-NH] | Sen. John Barrasso [R-WY] | Sen. Roy Blunt [R-MO] |
Sen. Richard Burr [R-NC] | Sen. Saxby Chambliss [R-GA] | Sen. Mike Crapo [R-ID] | Sen. Deb Fischer [R-NE] |
Sen. Jeff Flake [R-AZ] | Sen. Lindsey Graham [R-SC] | Sen. James Inhofe [R-OK] | Sen. Johnny Isakson [R-GA] |
Sen. Mike Johanns [R-NE] | Sen. Mark Kirk [R-IL] | Sen. Mike Lee [R-UT] | Sen. Marco Rubio [R-FL] |
Sen. Tim Scott [R-SC] | Sen. John Thune [R-SD] | Sen. David Vitter [R-LA] |
History
Date | Chamber | Action |
---|---|---|
2014-05-21 | Senate | Read twice and referred to the Committee on the Budget. |
Same As/Similar To
HB1874 (Related) 2014-04-07 - Received in the Senate and Read twice and referred to the Committee on the Budget.
Subjects
Budget process
Congressional oversight
Economic performance and conditions
Economics and public finance
Legislative rules and procedure
Congressional oversight
Economic performance and conditions
Economics and public finance
Legislative rules and procedure
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/senate-bill/2371/all-info |
Text | https://www.congress.gov/113/bills/s2371/BILLS-113s2371is.pdf |