,,ii  #aac? ,,congress  #a/ ,session    
,s4 #ahd  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,janu>y #cj1 #bjac ,ms4
 ,ayotte 7= h]self1 ,mr4 ,johnson (     
,wiscons91 & ,mr4 ,rubio7 introduc$ !   
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ! ,budget  ,a ,,bill 
,to am5d ! ,congressional ,budget ,act (
 #aigd to provide = macroeconomic       
analysis ( ! impact ( legislation4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,pro-,gr[? ,budget+ ,act ( #bjac4  #b4  
,macroeconomic impact analyses  7a7 ,9  
g5]al ,"p ,a ( title ,,iv ( !           
,congressional ,budget ,act ( #aigd is  
am5d$ by add+ at ! end ! foll[+ new     
section3  #djg4 ,macroeconomic impact   
analysis ( major legislation  7a7       
,congressional ,budget ,(fice ,!        
,congressional ,budget ,(fice %all1 to !
 ext5t practicable1 prep>e = ea* major  
bill or resolution report$ by any       
committee ( ! ,h\se ( ,repres5tatives or
 ! ,s5ate 7except ! ,committee on       
,appropriations ( ea* ,h\se71 z a       

supplem5t to e/imates prep>$ "u section 
#djb1 a macroeconomic impact analysis ( 
! co/s ( su* bill or resolution =--     
7#a7 ! p]iod = :i* an e/imate is prep>$ 
= su* bill or resolution "u section     
#djb2 &  7#b7 ! t5 fiscal-ye> p]iod     
beg9n+ ) ! fir/ fiscal ye> aft] ! la/   
fiscal ye> = :i* an e/imate 0 prep>$ "u 
section #djb & ea* ( ! next two t5      
fiscal-ye> p]iods4  ,! ,director %all   
submit to su* committee ! macroeconomic 
impact analysis1 toge!r ) ! basis = !   
analysis4 ,z a supplem5t to e/imates    
prep>$ "u section #djb1 all su*         
in=mation s submitt$ %all be includ$ 9 !
 report accompany+ su* bill or          
resolution4  7b7 ,economic impact ,!    
analysis prep>$ "u subsection 7a7 %all  
describe ! pot5tial economic impact ( ! 
applicable major bill or resolution on  
major economic v>iables1 includ+ real   
gross dome/ic product1 bus9ess inve/m5t1
 ! capital /ock1 employm5t1 & labor     
supply4 ,! analysis %all also describe !
 pot5tial fiscal effects ( ! bill or    

resolution1 includ+ any e/imates (      
rev5ue increases or decreases result+ f 
*anges 9 gross dome/ic product4 ,to !   
ext5t practicable1 ! analysis %\ld use a
 v>iety ( economic models 9 ord] to     
reflect ! full range ( possible economic
 outcomes result+ f ! bill or           
resolution4  7c7 ,def9itions ,z us$ 9   
?is section--  7#a7 ! t]m macroeconomic 
impact analysis means--  7,a7 an e/imate
 ( ! *anges 9 economic output1          
employm5t1 capital /ock1 & tax rev5ues  
expect$ to result f enactm5t ( !        
proposal2 &  7,b7 a /atem5t id5tify+ !  
critical assumptions & ! s\rce ( data   
und]ly+ t e/imate2  7#b7 ! t]m major    
bill or resolution means any bill or    
resolution if ! budget>y effects ( su*  
bill or resolution = any fiscal ye> 9 ! 
p]iod = :i* an e/imate is prep>$ "u     
section #djb is e/imat$ to be great] ?an
 4#be p]c5t ( ! curr5t project$ gross   
dome/ic product ( ! ,unit$ ,/ates = any 
su* fiscal ye>2 &  7#c7 ! t]m rev5ue    
fe$back means *anges 9 rev5ue result+ f 

*anges 9 economic gr[? z ! result ( !   
enactm5t ( any major bill or resolution4
  4  7b7 ,con=m+ am5dm5t ,! table (     
cont5ts set =? 9 section #a7;b7 ( !     
,congressional ,budget ,act ( #aigd is  
am5d$ by ins]t+ aft] ! item relat+ to   
section #djg ! foll[+ new item3  ,sec4  
#djg4 ,macroeconomic impact analysis (  
major legislation4  4