,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #chfi  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #ad1 #bjba,mr4  
,h]n 7= himself1 ,mr4 ,norman1 ,mr4     
,davidson1 ,mr4 ,joyce ( ,p5nsylvania1  
,mr4 ,mull91 & ,mr4 ,banks7 introduc$ ! 
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,rules1 & 9 addition to ! 
,committee on ! ,budget1 = a p]iod to be
 subsequ5tly det]m9$ by ! ,speak]1 9 ea*
 case = consid]ation ( su* provisions z 
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to am5d !          
,congressional ,budget & ,imp\ndm5t     
,control ,act ( #aigd to provide = co/  
e/imates ( major legislation1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,pro-,gr[? ,budget+ ,act4  
#b4 ,e/imates ( major legislation  7a7  
,s5se ( ,congress ,x is ! s5se (        
,congress t increas+ ! debt ( ! ,f$]al  
,gov]nm5t is a drag on economic output  
ov] ! long run1 & t transp>5cy ) reg>d  
to ! me?odology & assumptions made by ! 
,congressional ,budget ,(fice & ! ,jo9t 

,committee on ,taxation 9 provid+       
e/imates = sp5d+ & rev5ue legislation w 
always b5efit ! taxpay]s ^: monies      
,congress is entru/$4  7b7 ,e/imates (  
major legislation ,"p ,a ( !            
,congressional ,budget & ,imp\ndm5t     
,control ,act #aigd is am5d$ by add+ at 
! end ! foll[+ new section3  #djg4      
,e/imates ( major legislation  7a7 ,,cbo
 co/ e/imates ,an e/imate provid$ by !  
,congressional ,budget ,(fice "u section
 #djb = any major legislation %all1 to !
 ext5t practicable1 incorporate !       
budget>y effects ( *anges 9 economic    
output1 employm5t1 capital /ock1 tax    
rev5ues1 ! s\rces ( f9anc+ new outlays1 
! total debt ( ! ,f$]al ,gov]nm5t1      
int]national trade1 int]national capital
 fl[s1 & o!r macroeconomic v>iables     
result+ f su* legislation4  7b7 ,,jct   
co/ e/imates ,an e/imate provid$ by !   
,jo9t ,committee on ,taxation to !      
,director ( ! ,congressional ,budget    
,(fice "u section #bja7;f7 = any major  
legislation %all1 to ! ext5t            

practicable1 incorporate ! budget>y     
effects ( *anges 9 economic output1     
employm5t1 capital /ock1 tax rev5ues1 ! 
s\rces ( f9anc+ new outlays1 ! total    
debt ( ! ,f$]al ,gov]nm5t1 int]national 
trade1 int]national capital fl[s1 & o!r 
macroeconomic v>iables result+ f su*    
legislation4  7c7 ,cont5t ( e/imates ,an
 e/imate ref]r$ to 9 ?is section %all1  
to ! ext5t practicable1 include-- 7#a7 a
 qualitative assessm5t ( ! budget>y     
effects 7includ+ macroeconomic v>iables 
describ$ 9 subsections 7a7 & 7b77 ( su* 
legislation 9 ! #bj-;fiscal ye> p]iod   
beg9n+ aft] ! la/ fiscal ye> ( ! mo/    
rec5tly agre$ to concurr5t resolution on
 ! budget t set =? appropriate levels   
requir$ by section #cja2 &  7#b7 an     
id5tification ( ! critical assumptions &
 ! s\rce ( data und]ly+ t e/imate4  7d7 
,def9itions ,9 ?is section-- 7#a7 ! t]m 
major legislation means any bill or jo9t
 resolution-- 7,a7 = :i* an e/imate is  
requir$ to be prep>$ pursuant to section
 #djb & t causes a gross budget>y effect

 7be=e incorporat+ macroeconomic        
effects7 9 any fiscal ye> ov] ! ye>s ( !
 mo/ rec5tly agre$ to concurr5t         
resolution on ! budget equal to or      
great] ?an #j4be p]c5t ( ! curr5t       
project$ gross dome/ic product ( !      
,unit$ ,/ates = t fiscal ye>2 or  7,b7  
designat$ z su* by ! *air or rank+ memb]
 ( ! ,committee on ! ,budget = all      
direct sp5d+ legislation o!r ?an rev5ue 
legislation or ! ,memb] :o is *air or   
vice *air1 z applicable1 ( ! ,jo9t      
,committee on ,taxation = rev5ue        
legislation2 &  7#b7 ! t]m budget>y     
effects means *anges 9 rev5ues1 outlays1
 & deficits4  4  7c7 ,cl]ical am5dm5t ,!
 table ( cont5ts set =? 9 section #a7;b7
 ( ! ,congressional ,budget & ,imp\ndm5t
 ,control ,act ( #aigd 7#b ,u4,s4,c4    
#fba note7 is am5d$ by ins]t+ aft] !    
item relat+ to section #djf ! foll[+ new
 item3  #djg4 ,e/imates ( major         
legislation4  4