US HB2498 | 2015-2016 | 114th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 5-2)
Status: Introduced on May 21 2015 - 25% progression, died in committee
Action: 2015-05-21 - Referred to House Budget
Pending: House Budget Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Budget Integrity Act This bill amends the Congressional Budget Act of 1974 to require the Congressional Budget Office (CBO) to prepare long-term cost estimates for reported legislation with a gross budgetary impact of at least 0.25% of gross domestic product in either of the next two 10-year periods. The bill also creates a point of order against considering legislation in the House or the Senate that would cause a net increase in on-budget deficits above $5 billion in either of the two periods. The CBO and the Office of Management and Budget must issue long-term budget projections that cover 40 years. The Government Accountability Office must report on the effects of long-term debt. The bill amends the Rules of the House of Representatives to deem the House to have passed any necessary changes to the statutory debt limit upon adoption of the budget resolution.

Tracking Information

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Title

Budget Integrity Act

Sponsors


History

DateChamberAction
2015-05-21HouseReferred to House Budget
2015-05-21HouseReferred to House Rules
2015-05-21HouseReferred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2015-05-21HouseIntroduced in House

Same As/Similar To

HR11 (Related) 2015-01-06 - Referred to House Administration

Subjects


US Congress State Sources


Bill Comments

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