,,ii  #aacth ,,congress  #ast ,session  
,s4 #ahd  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,january #cj1 #bjac 
,ms4 ,ayotte 7for herself1 ,mr4 ,johnson
 of ,wisconsin1 and ,mr4 ,rubio7        
introduced the following bill2 which was
 read twice and referred to the         
,committee on the ,budget  ,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 costs of such bill or   
resolution for--  7#a7 the period for   
which an estimate is prepared for such  
bill or resolution under section #djb2  
and  7#b7 the ten fiscal-year period    
beginning with the first fiscal year    
after the last fiscal year for which an 
estimate was prepared under section #djb
 and each of the next two ten           
fiscal-year periods4  ,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 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 
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 capital stock1 and  
tax revenues expected to result from    
enactment of the proposal2 and  7,b7 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 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 and  7#c7 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 #djg the following  
new item3  ,sec4 #djg4 ,macroeconomic   
impact analysis of major legislation4  4