,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #ahgd  ,,in ,,the ,,house ,,of  
,,representatives  ,may #h1 #bjac ,mr4  
,price of ,georgia 7for himself1 ,mr4   
,ryan of ,wisconsin1 ,mrs4 ,black1 ,mr4 
,chaffetz1 ,mr4 ,collins of ,georgia1   
,mr4 ,cotton1 ,mr4 ,garrett1 ,mr4       
,gosar1 ,mr4 ,graves of ,georgia1 ,mr4  
,hensarling1 ,mr4 ,johnson of ,ohio1    
,mr4 ,marchant1 ,mr4 ,mulvaney1 ,mr4    
,radel1 ,mr4 ,reed1 ,mr4 ,ribble1 ,mr4  
,ross1 ,mr4 ,scalise1 ,mr4 ,austin      
,scott of ,georgia1 ,mr4 ,westmoreland1 
,mr4 ,wilson of ,south ,carolina1 ,mr4  
,woodall1 ,mr4 ,jordan1 ,mr4 ,barr1 ,mr4
 ,terry1 ,mr4 ,franks of ,arizona1 ,mr4 
,bishop of ,utah1 ,mr4 ,pittenger1 ,mr4 
,yoder1 and ,mr4 ,fortenberry7          
introduced the following bill2 which was
 referred to the ,committee on the      
,budget1 and in addition to the         
,committee on ,rules1 for a period to be
 subsequently determined by the         
,speaker1 in each case for consideration
 of such provisions as fall within the  

jurisdiction of the committee concerned 
,a ,,bill  ,to amend the ,congressional 
,budget ,act of #aigd to provide for    
macroeconomic analysis of the impact of 
legislation4  #a4 ,short title ,this    
,act may be cited as the ,pro-,growth   
,budgeting ,act of #bjac4  #b4          
,macroeconomic impact analyses  7a7 ,in 
general ,part ,a of title ,,iv of the   
,congressional ,budget ,act of #aigd is 
amended by adding at the end the        
following new section3  #djg4           
,macroeconomic impact analysis of major 
legislation  7a7 ,congressional ,budget 
,office ,the ,congressional ,budget     
,office shall1 to the extent            
practicable1 prepare for each major bill
 or resolution reported by any committee
 of the ,house of ,representatives or   
the ,senate 7except the ,committee on   
,appropriations of each ,house71 as a   
supplement to estimates prepared under  
section #djb1 a macroeconomic impact    
analysis of the budgetary effects of    
such bill or resolution for the ten     

fiscal-year period beginning with the   
first fiscal year for which an estimate 
was prepared under section #djb and each
 of the next three ten fiscal-year      
periods4 ,such estimate shall be        
predicated upon the supplemental        
projection described in section         
#bjb7;e77#d74 ,the ,director shall      
submit to such committee the            
macroeconomic impact analysis1 together 
with the basis for the analysis4 ,as a  
supplement to estimates prepared under  
section #djb1 all such information so   
submitted shall be included in the      
report accompanying such bill or        
resolution4  7b7 ,economic impact ,the  
analysis prepared under subsection 7a7  
shall describe the potential economic   
impact of the applicable major bill or  
resolution on major economic variables1 
including real gross domestic product1  
business investment1 the capital stock1 
employment1 interest rates1 and labor   
supply4 ,the analysis shall also        
describe the potential fiscal effects of

 the bill or resolution1 including any  
estimates of revenue increases or       
decreases resulting from changes in     
gross domestic product4 ,to the extent  
practicable1 the analysis should use a  
variety of economic models in order to  
reflect the full range of possible      
economic outcomes resulting from the    
bill or resolution4 ,the analysis 7or a 
technical appendix to the analysis7     
shall specify the economic and          
econometric models used1 sources of     
data1 relevant data transformations1 and
 shall include such explanation as is   
necessary to make the models            
comprehensible to academic and public   
policy analysts4  7c7 ,definitions ,as  
used in this section--  7#a7 the term   
macroeconomic impact analysis means--   
7,a7 an estimate of the changes in      
economic output1 employment1 interest   
rates1 capital stock1 and tax revenues  
expected to result from enactment of the
 proposal2  7,b7 an estimate of revenue 
feedback expected to result from        

enactment of the proposal2 and  7,c7 a  
statement identifying the critical      
assumptions and the source of data      
underlying that estimate2  7#b7 the term
 major bill or resolution means any bill
 or resolution if the gross budgetary   
effects of such bill or resolution for  
any fiscal year in the period for which 
an estimate is prepared under section   
#djb is estimated to be greater than    
4#be percent of the current projected   
gross domestic product of the ,united   
,states for any such fiscal year2  7#c7 
the term budgetary effect1 when applied 
to a major bill or resolution1 means the
 changes in revenues1 outlays1 deficits1
 and debt resulting from that measure2  
and  7#d7 the term revenue feedback     
means changes in revenue resulting from 
changes in economic growth as the result
 of the enactment of any major bill or  
resolution4  4  7b7 ,conforming         
amendment ,the table of contents set    
forth in section #a7;b7 of the          
,congressional ,budget ,act of #aigd is 

amended by inserting after the item     
relating to section #djf the following  
new item3  ,sec4 #djg4 ,macroeconomic   
impact analysis of major legislation4  4