Small Business Cost Estimate Act of 1992

Small Business Cost Estimate Act of 1992 - Amends the Congressional Budget Act of 1974 to require the Director of the Congressional Budget Office to prepare for each public measure reported by a congressional committee (except the Committee on Appropriations of each House) and to submit to that committee for inclusion in the committee report: (1) an estimate of the costs in each of the first five fiscal years of carrying out such measure and of small business compliance with such measure, if significant; and (2) a comparison of those estimates with estimates made by such committee or by a Federal agency.

 
HR 5177 IH
102d CONGRESS
2d Session
 H. R. 5177
To amend the Congressional Budget Act of 1974 to provide that Congressional
Budget Office cost estimates be included in committee reports accompanying
reported bills that significantly impact small businesses.
IN THE HOUSE OF REPRESENTATIVES
May 14, 1992
Mr. IRELAND (for himself, Mrs. MEYERS of Kansas, Ms. MOLINARI, Mr. FIELDS,
Mr. RAMSTAD, Mr. LIPINSKI, Mr. OXLEY, Mr. MOORHEAD, Mr. BURTON of Indiana,
Mr. MARTIN, and Mr. LIGHTFOOT) introduced the following bill; which was
referred to the Committee on Rules
A BILL
To amend the Congressional Budget Act of 1974 to provide that Congressional
Budget Office cost estimates be included in committee reports accompanying
reported bills that significantly impact small businesses.
  Be it enacted by the Senate and House of Representatives of the United
  States of America in Congress assembled,
SECTION 1. SHORT TITLE.
  This Act may be cited as the `Small Business Cost Estimate Act of 1992'.
SEC. 2. CONGRESSIONAL BUDGET OFFICE COST ANALYSIS.
  (a) CBO ANALYSIS- Title IV of the Congressional Budget Act of 1974 (2
  U.S.C. 651 et seq.) is amended by inserting after section 403 the following
  new section:
`SMALL BUSINESS COST ANALYSIS BY CONGRESSIONAL BUDGET OFFICE
  `SEC. 404. (a) The Director of the Congressional Budget Office shall, to
  the extent practicable, prepare for each bill or resolution of a public
  character reported by any committee of the House of Representatives or the
  Senate (except the Committee on Appropriations of each House), and submit
  to such committee--
  `(1) an estimate of the costs which would be incurred in carrying out such
  bill or resolution in the fiscal year in which it is to become effective
  and in each of the 4 fiscal years following such fiscal year, together
  with the basis for each such estimate
  `(2) an estimate of the cost which would be incurred by small businesses
  in carrying out or complying with any significant bill or resolution in
  the fiscal year in which it is to become effective and in each of the 4
  fiscal years following such fiscal year, together with the basis for each
  such estimate; and
  `(3) a comparison of the estimates of costs described in paragraphs (1)
  and (2) with any available estimates of costs made by such committee or
  by an Federal agency.
The estimates, comparison, and description so submitted shall be included
in the report accompanying such bill or resolution if timely submitted to
such committee before such report is filed.
  `(b) For purposes of subsection (a)(2), the term `small business' has the
  same meaning as the term `small-business concern' in section 3(a) of the
  Small Business Act (15 U.S.C. 632(a)).
  `(c) For purposes of subsection (a)(2), the term `significant bill or
  resolution' is defined as any bill or resolution which in the judgment
  of the Director of the Congressional Budget Office is likely to result
  in an average annual cost to a small business of $1,000 or more, or is
  likely to have exceptional fiscal consequences for a geographic region or
  a particular industry segment.'.
  (b) CONFORMING AMENDMENT- The table of contents set forth in section 2(b)
  of the Congressional Budget and Impoundment Control Act of 1974 is amended
  by inserting after the item relating to section 404 the following new item:
`Sec. 404. Small business cost analysis by Congressional Budget Office.'.