,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bcga  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #ba1 #bjad ,mr4   
,portman 7= himself1 ,mr4 ,graham1 ,mr4 
,kirk1 ,mr4 ,*ambliss1 ,mr4 ,flake1 ,mr4
 ,blunt1 ,mr4 ,johanns1 ,mr4 ,inh(e1    
,mr4 ,crapo1 ,mr4 ,rubio1 ,mr4 ,b>rasso1
 ,mr4 ,?une1 ,mr4 ,scott1 ,mr4 ,vitt]1  
,ms4 ,ayotte1 ,mr4 ,lee1 ,mr4 ,burr1 &  
,mrs4 ,fis*]7 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 ( major rev5ue      
legislation4  #a4 ,%ort title  ,?is ,act
 may be cit$ z ! ,accurate ,budget+     
,act4  #b4 ,macroeconomic impact        
analyses = major rev5ue legislation  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 rev5ue legislation  7a7
 ,jo9t ,committee on ,taxation ,! ,jo9t 

,committee on ,taxation %all1 to ! ext5t
 practicable1 prep>e = ea* major rev5ue 
bill or resolution :i* is-- 7#a7 report$
 by ! ,committee on ,ways & ,means ( !  
,h\se ( ,repres5tatives or ! ,committee 
on ,f9ance ( ! ,s5ate2 or  7#b7 consid]$
 on ! floor ( ! ,h\se ( ,repres5tatives 
or ! ,s5ate1  z a supplem5t to e/imates 
prep>$ "u section #djb1 a macroeconomic 
impact analysis ( ! budget>y effects (  
su* bill or resolution = ! #aj          
fiscal-ye> p]iod beg9n+ ) ! fir/ fiscal 
ye> = :i* an e/imate 0 prep>$ "u section
 #djb & ea* ( ! next ?ree #aj fiscal-ye>
 p]iods4 ,to ! ext5t practicable1 !     
,jo9t ,committee on ,taxation's         
macroeconomic impact analysis %all be   
includ$ 9 full z "p ( ! ,congressional  
,budget ,(fice report accompany+ su*    
bill or resolution "u section #djb4 ,if 
a macroeconomic impact analysis is n    
includ$ z "p ( ! ,congressional ,budget 
,(fice report relat+ to a major rev5ue  
bill or resolution1 ! ,*airman ( !      
,committee report+ ! bill or resolution 

%all cause ! analysis to be ent]$ into !
 ,congressional ,record ( ! ,s5ate &    
,h\se ( ,repres5tatives4  7b7           
,def9itions ,z us$ 9 ?is section3  7#a7 
,macroeconomic impact analysis ,! t]m   
macroeconomic impact analysis means--   
7,a7 an e/imate ( ! *anges 9 economic   
output1 employm5t1 int]e/ rates1 capital
 /ock1 & tax rev5ues expect$ to result f
 ! rev5ue provisions 9 ! proposal to :i*
 section #bja7;f7 applies2  7,b7 an     
e/imate ( rev5ue fe$back expect$ to     
result f ^? rev5ue provisions2 &  7,c7 a
 /atem5t id5tify+ ! critical assumptions
 & ! s\rce ( data und]ly+ t e/imate1 to 
! ext5t necess>y to make ! models       
compreh5sible to academic & public      
policy analy/s4  7#b7 ,major rev5ue bill
 or resolution ,! t]m major rev5ue bill 
or resolution means a bill1 resolution1 
or conf]5ce report = :i*-- 7,a7 ei!r--  
7i7 ! sum ( ! positive *anges 9 rev5ues 
result+ f su* measure 7n includ+ !      
impact ( any tim+ %ifts = ! due date =  
e/imat$ corporate income tax paym5ts7 = 

any fiscal ye> 9 ! p]iod = :i* an       
e/imate is prep>$ "u section #djb2 or   
7ii7 ! absolute value ( ! sum ( !       
negative *anges 9 rev5ues result+ f su* 
measure 7n includ+ ! impact ( any tim+  
%ifts = ! due date = e/imat$ corporate  
income tax paym5ts7 = any fiscal ye> =  
:i* su* an e/imate is prep>$1  is great]
 ?an  7,b7 #j4be p]c5t ( ! curr5t       
project$ gross dome/ic product ( !      
,unit$ ,/ates 7z det]m9$ by ! ,bureau ( 
,economic ,analysis ( ! ,dep>tm5t (     
,comm]ce7 = su* fiscal ye>4  7#c7       
,rev5ue fe$back ,! t]m rev5ue fe$back   
means *anges 9 rev5ue result+ f *anges 9
 economic gr[? z ! result ( ! enactm5t (
 any major rev5ue bill or resolution4  4
  7b7 ,con=m+ am5dm5t ,! table ( cont5ts
 set =? 9 section #a7;b7 ( !            
,congressional ,budget & ,imp\ndm5t     
,control ,act ( #aigd is am5d$ by ins]t+
 aft] ! item relat+ to section #djf !   
foll[+ new item3  ,sec4 #djg4           
,macroeconomic impact analysis ( major  
rev5ue legislation4  4