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]
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.
Title
Budget Integrity Act
Sponsors
Rep. John Carney [D-DE] | Rep. James Renacci [R-OH] | Rep. Mike Quigley [D-IL] | Rep. Kathleen Rice [D-NY] |
Rep. Daniel Webster [R-FL] | Rep. John Delaney [D-MD] | Rep. Scott Peters [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2015-05-21 | House | Referred to House Budget |
2015-05-21 | House | Referred to House Rules |
2015-05-21 | House | Referred 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. |
2015-05-21 | House | Introduced in House |
Same As/Similar To
HR11 (Related) 2015-01-06 - Referred to House Administration
Subjects
Budget deficits and national debt
Budget process
Economics and public finance
Legislative rules and procedure
Budget process
Economics and public finance
Legislative rules and procedure
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/2498/all-info |
Text | https://www.congress.gov/114/bills/hr2498/BILLS-114hr2498ih.pdf |