,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #cha  ,,in ,,the ,,house ,,of   
,,representatives  ,january #bc1 #bjac  
,mr4 ,fattah introduced the following   
bill2 which was referred to the         
,committee on ,rules1 and in addition to
 the ,committee on the ,budget1 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 require long-term cost benefit
 analyses of introduced bills4  #a4     
,short title ,this ,act may be cited as 
the ,reinvesting and ,ensuring          
,america's ,ability to ,lead ,act of    
#bjac4  #b4 ,findings ,congress finds   
the following3  7#a7 ,the bedrock of the
 ,nation's economic strength and future 
growth will be directly attributed to   
the robust ,federal investment in       
critical areas such as education1       
science1 technology1 engineering1 and   

mathematics4  7#b7 ,recognizing the     
importance of education and its role in 
maintaining ,america's position as an   
economic global leader1 ,president      
,george ,h4,w4 ,bush stated that ,u4,s4 
students must be the first in the world 
in math and science achievement4 ,every 
,american adult must be a skilled1      
literate worker and citizen44  7#c7 ,as 
,president ,bill ,clinton recognized    
when he created the ,national ,economic 
,council in #aiib1 ,the currency of     
national strength in this new era will  
be denominated not only in ships and    
tanks and planes1 but in diplomas and   
patents and paychecks44  7#d7           
,recognizing diplomas and patents will  
not occur without investing in          
education1 ,president ,george ,w4 ,bush 
stated that we must address the low     
standing of ,american test scores       
amongst industrialized nations in math  
and science1 the very subjects most     
likely to affect our future             
competitiveness44  7#e7 ,similarly1     

,president ,obama has stated that       
,america's future economic growth and   
international competitiveness depend on 
our ,nation's willingness to educate1   
invest1 and innovate4  7#f7 ,as stated  
in a recent report from the ,national   
,economic ,council1 the ,nation must    
create the jobs and industries of the   
future by doing what ,america does      
best--investing in the creativity and   
imagination of our people4 ,to win the  
future1 we must out-innovate1           
out-educate1 and out-build the rest of  
the world44  7#g7 ,accordingly1         
,congress should be provided the means  
to evaluate legislative worth beyond its
 impact to the annual budget4  #c4      
,amendment to the ,congressional ,budget
 ,act of #aigd ,section #djb of the     
,congressional ,budget ,act of #aigd 7#b
 ,u4,s4,c4 #fec7 is amended by inserting
 7a7 after ,sec4 #djb4 and by adding at 
the end the following new subsection3   
7b7 7#a7 ,the ,director of the          
,congressional ,budget ,office shall1 to

 the extent practicable1 prepare a      
ten-year long-term cost benefit analysis
 for each introduced bill or resolution 
of a public character that determines   
its impact on ,american global          
competitiveness as defined by the       
,congressional ,budget ,office4  7#b7   
,the ,director of the ,congressional    
,budget ,office shall devise criteria to
 evaluate ,american global              
competitiveness1 including the bill or  
resolution's impact on--  7,a7 job      
creation2  7,b7 economic growth2  7,c7  
consumption2  7,d7 investments2 and     
7,e7 savings4  7#c7 ,the analysis       
referred to in paragraph 7#a7 shall     
evaluate whether the introduced bill or 
resolution will positively or negatively
 impact ,america's economic ability to  
compete globally compared to member     
nations of the ,group of ,twenty1 or    
,g-#bj1 which comprise of #ai country   
members and the ,european ,union1       
accounting #ij percent of global gross  
domestic product 7,,gdp7 and #hj percent

 of global trade4  4