,,ii  #aad? ,,congress  #a/ ,session    
,s4 #gdi  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #ag1 #bjae ,mr4   
,portman introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on !
 ,budget  ,a ,,bill  ,to require dynamic
 scor+ ( major legislation4  #a4 ,%ort  
title  ,?is ,act may be cit$ z ! ,!     
,hone/ ,scor+ ,act ( #bjae4  #b4 ,hone/ 
acc\nt+ e/imates  7a7 ,def9itions ,9 ?is
 section3 7#a7 ,budget ,! t]m budget    
means--  7,a7 a concurr5t resolution on 
! budget2 or  7,b7 a writt5 /atem5t     
submitt$ = pr9t+ 9 ! ,congressional     
,record by ! ,*airman ( ! ,committee on 
! ,budget ( ! ,s5ate t e/abli%es        
allocations1 aggregates1 & levels =     
purposes ( en=c+ ! ,congressional       
,budget ,act ( #aigd4  7#b7 ,budget>y   
effects ,! t]m budget>y effects means   
*anges 9 outlays or rev5ues4  7#c7      
,major legislation  7,a7 ,def9ition ,!  
t]m major legislation means any bill1   
resolution1 conf]5ce report1 or treaty--
  7i7 = :i* an e/imate is prep>$ "u     

section #djb ( ! ,congressional ,budget 
,act ( #aigd 7#b ,u4,s4,c4 #fec7 t      
indicates t n less ?an #a ( ! am\nts    
describ$ 9 subp>agraph 7,b71 be=e       
incorporat+ macroeconomic effects1 is   
great] ?an #ae1jjj1jjj1jjj 9 any fiscal 
ye> ( ! e/imate2 or  7ii7 designat$ z   
major legislation by ! ,*airman ( !     
,committee on ! ,budget ( ! ,s5ate or ! 
,*airman ( ! ,committee ( ! ,budget ( ! 
,h\se ( ,repres5tatives4  7,b7 ,am\nts  
,! am\nts describ$ 9 ?is subp>agraph    
are-- 7i7 ! sum ( ! individual positive 
*anges 9 budget>y effects1 n includ+    
tim+ %ifts1 result+ f su* measure2 &    
7ii7 ! sum ( ! absolute value ( !       
individual negative budget>y effects1 n 
includ+ tim+ %ifts1 result+ f su*       
measure4  7#d7 ,tim+ %ifts ,! t]m tim+  
%ifts means-- 7,a7 a delay ( ! date on  
:i* outlays fl[+ f direct sp5d+ w\ld    
o!rwise occur f "o fiscal ye> to ! next 
fiscal ye>2 or  7,b7 an accel]ation ( ! 
date on :i* rev5ues w\ld o!rwise occur f
 "o fiscal ye> to ! next fiscal ye>4    

7b7 ,requirem5t = ,,cbo e/imates ,an    
e/imate provid$ by ! ,congressional     
,budget ,(fice "u section #djb ( !      
,congressional ,budget ,act ( #aigd 7#b 
,u4,s4,c4 #fec7 = any major legislation 
%all include--  7#a7 an e/imate (       
budget>y effects )\t macroeconomic      
effects2  7#b7 an e/imate ( ! budget>y  
effects f *anges 9 economic output1     
employm5t1 capital /ock1 int]e/ rates1 &
 o!r macroeconomic v>iables result+ f ! 
major legislation1 :i* %all del9eate    
betwe5 rev5ue & outlay effects2 &  7#c7 
a total e/imate ( ! budget>y effects    
incorporat+ ! macroeconomic budget>y    
effects4  7c7 ,requirem5t = ,,jct       
e/imates ,an e/imate provid$ by ! ,jo9t 
,committee on ,taxation to ! ,director (
 ! ,congressional ,budget ,(fice "u     
section #bja7;f7 ( ! ,congressional     
,budget ,act ( #aigd 7#b ,u4,s4,c4      
#fja7;f77 = any major legislation %all  
include--  7#a7 an e/imate ( budget>y   
effects )\t macroeconomic effects2  7#b7
 an e/imate ( ! budget>y effects f      

*anges 9 economic output1 employm5t1    
capital /ock1 int]e/ rates1 & o!r       
macroeconomic v>iables result+ f ! major
 legislation1 :i* %all del9eate betwe5  
rev5ue & outlay effects2 &  7#c7 a total
 e/imate ( ! budget>y effects           
incorporat+ ! macroeconomic budget>y    
effects4  7d7 ,cont5ts ( e/imates ,an   
e/imate requir$ to be provid$ "u        
subsection 7b7 or 7c7 %all include--    
7#a7 a qualitative assessm5t ( !        
budget>y effects 7includ+ macroeconomic 
v>iables describ$ 9 subsections 7b7 &   
7c77 ( ! major legislation 9 !          
#bj-;fiscal ye> p]iod beg9n+ aft] ! la/ 
fiscal ye> ( ! mo/ rec5tly adopt$ budget
 t sets =? appropriate levels requir$ "u
 section #cja ( ! ,congressional ,budget
 ,act ( #aigd 7#b ,u4,s4,c4 #fcb72 &    
7#b7 an id5tification ( ! assumptions & 
! s\rce ( data und]ly+ ! e/imate4