,i #aafth ,,congress #ast ,session ,h4 ,r4 #diei ,,in ,,the ,,house ,,of ,,representatives ,october #ca1 #bjai,mr4 ,kevin ,hern of ,oklahoma 7for himself1 ,mr4 ,banks1 ,mr4 ,norman1 ,mr4 ,murphy of ,north ,carolina1 ,mr4 ,kelly of ,pennsylvania1 ,mr4 ,roy1 ,mr4 ,meuser1 ,mr4 ,johnson of ,louisiana1 ,mr4 ,gooden1 ,mr4 ,mullin1 ,mr4 ,womack1 ,mr4 ,meadows1 ,mr4 ,upton1 ,mr4 ,davidson of ,ohio1 ,mr4 ,jordan1 ,mr4 ,reschenthaler1 and ,mr4 ,green of ,tennessee7 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 and ,impoundment ,control ,act of #aigd to provide for cost estimates of major legislation4 #a4 ,short title ,this ,act may be cited as the ,pro-,growth ,budgeting ,act4 #b4 ,estimates of major legislation 7a7 ,in general ,part ,a of the ,congressional ,budget and ,impoundment ,control ,act #aigd is amended by adding at the end the following new section3 #djg4 ,estimates of major legislation 7a7 ,,cbo cost estimates ,an estimate provided by the ,congressional ,budget ,office under section #djb for any major legislation shall1 to the extent practicable1 incorporate the budgetary effects of changes in economic output1 employment1 capital stock1 and other macroeconomic variables resulting from such legislation4 7b7 ,joint committee on taxation cost estimates ,an estimate provided by the ,joint ,committee on ,taxation to the ,director of the ,congressional ,budget ,office under section #bja7;f7 for any major legislation shall1 to the extent practicable1 incorporate the budgetary effects of changes in economic output1 employment1 capital stock1 and other macroeconomic variables resulting from such legislation4 7c7 ,content of estimates ,an estimate referred to in this section shall1 to the extent practicable1 include-- 7#a7 a qualitative assessment of the budgetary effects 7including macroeconomic variables described in subsections 7a7 and 7b77 of such legislation in the #bj-;fiscal year period beginning after the last fiscal year of the most recently agreed to concurrent resolution on the budget that set forth appropriate levels required by section #cja2 and 7#b7 an identification of the critical assumptions and the source of data underlying that estimate4 7d7 ,definitions ,as used in this section-- 7#a7 the term major legislation means any bill or joint resolution-- 7,a7 for which an estimate is required to be prepared pursuant to section #djb and that causes a gross budgetary effect 7before incorporating macroeconomic effects7 in any fiscal year over the years of the most recently agreed to concurrent resolution on the budget equal to or greater than #j4be percent of the current projected gross domestic product of the ,united ,states for that fiscal year2 or 7,b7 designated as such by the chair or ranking member of the ,committee on the ,budget for all direct spending legislation other than revenue legislation or the ,member who is chair or vice chair1 as applicable1 of the ,joint ,committee on ,taxation for revenue legislation2 and 7#b7 the term budgetary effects means changes in revenues1 outlays1 and deficits4 4 7b7 ,clerical amendment ,the table of contents set forth in section #a7;b7 of the ,congressional ,budget and ,impoundment ,control ,act of #aigd 7#b ,u4,s4,c4 #fba note7 is amended by inserting after the item relating to section #djf the following new item3 #djg4 ,estimates of major legislation4 4